Bonds

The CHI Health Center arena and convention center complex will get bond-financed improvements Omaha’s voters approved last week.Bloomberg News Omaha voters approved six general obligation bond measures totaling $333.4 million last week. Omaha Finance Director Stephen Curtiss told The Bond Buyer the city made it clear to voters that “we have no intention of raising
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<img src=”https://public.flourish.studio/visualisation/20266588/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were narrowly mixed Tuesday, ignoring larger U.S. Treasury market losses while stocks ended their breakneck pace of post-election gains to close the session down. Triple-A yield curves showed a mix of one to three basis point bumps and cuts, depending on the curve, while USTs saw losses of
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“The most oblivious and pressing issue is preserving and protecting all tax-exempt bonds during any attempt at tax reform,” said Toby Rittner, president and CEO, of the Council of Development Finance Agencies.  ”We feel the coalition around this is strong and vocal, but we will continue to push this issue should the tax-exemption come under attack
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Transcription: Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors. Please check the corresponding audio for the authoritative record. Mike Scarchilli (00:05):Hi everyone and welcome to the Bomb Buyer Podcast, your trusted source for insights into the world of municipal finance. I’m Mike Scarchilli, editor-in-Chief of the
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The $120 million borrowing will finance an expansion of Million Air’s facility at the Austin Bergstrom International Airport.Million Air Private jet servicer Million Air is preparing to tap the high-yield municipal market with a structure that will likely feature so-called Cinderella bonds as the borrower works to overcome a snag with securing tax exemption on
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Enjoy complimentary access to top ideas and insights — selected by our editors. The top 10 bond counsels accounted for $171.71 billion in the first nine months of 2024. Orrick Herrington & Sutcliffe lead the pack, accounting for $42.15 billion in 277 issues for an 11.3% market share, followed by Kutak Rock with $22.6 billion
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The top 10 healthcare issuers accounted for $11.52 billion in 52 deals in the first half of 2024 as the sector deals with rising costs and staffing shortages. The California Health Facilities Financing Authority ranked first, accounting for $2.17 billion in 11 issues for a 12.3% market share, followed by the Colorado Health Facilities Authority
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The top 10 underwriters for healthcare issuance accounted for a total of $16.65 billion. RBC Capital Markets ranked No. 1 with $3.75 billion, followed by J.P. Morgan Securities with $3.24 billion and BofA Securities with $2.98 billion. Rank Underwriter Par amount 1 RBC Capital Markets $3.752B 2 J.P. Morgan Securities $3.237B 3 BofA Securities $2.979B
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Dave Sanchez, director of the Securities and Exchange Commission’s Office of Municipal Securities, let attendees at The Bond Buyer California Public Finance conference know that new-issue pricing was, as set forth in the 2025 exam priorities, well, a priority.  The focus: municipal advisors — part of your regulatory responsibilities and duties (if you don’t agree
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South Carolina-based assisted living developers CR Lakewood and CR Lakeside Place resolved a bond default. AdobeStock Owners of assisted and independent living retirement centers in South Carolina resolved a default on $24.5 million of bonds, according to a posting. Borrowers CR Lakewood, LLC, and CR Lakeside Place, LLC, failed to make principal payments due on
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“There is a correlation between the IRS budget funding and enforcement, and this relationship will carry over to the tax-exempt bond enforcement side,” said Ed Oswald, partner, Orrick. ”My general take is that if there is a curtailment in IRS funding, we will see a reduction in the frequency and duration of municipal bond audits.” Burwell Photography
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<img src=”https://public.flourish.studio/visualisation/20209026/thumbnail” width=”100%” alt=”chart visualization” /> Election uncertainty and Fed rate cuts have led tax-exempt and taxable money market funds to reach 2024 highs as more market participants have taken a defensive position. As more market stability comes and rates fall, investors may move some of these funds back into fixed income markets, sources say.
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President-elect Donald Trump during an Economic Club of New York event in New York, US, on Sept. 5, 2024.Bloomberg News A second Trump administration is expected to make some changes, whether big or small to the state and local tax deduction, an issue Trump campaigned on and that has been talked about within the context
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<img src=”https://public.flourish.studio/visualisation/20211105/thumbnail” width=”100%” alt=”chart visualization” /> Municipals rallied Friday, fully recovering the losses from Wednesday’s selloff, as U.S. Treasury yields were mixed and equities ended up. Triple-A yields fell nine to 15 basis points Friday, depending on the scale, as investors flooded back into the market after the post-election selloff and FOMC rate cut. Those
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“We are very pleased to have Ari join HilltopSecurities to lead our structured finance and mortgage business,” Hilltop CEO Brad Winges said in the release. “Ari’s historical skillset and vision in the mortgage sector are key elements of why he is such an important hire for our firm.” HilltopSecurities hired Ari Kavour as executive managing
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Election workers sort mail-in ballots Tuesday in Martinez, California.Bloomberg News California voters were friendly to municipal bonds in Tuesday’s election, with a few notable exceptions. The state’s voters passed two separate $10 billion state bond measures and put their stamp of approval on at least $42.8 billion of local school general obligation bonds. Tuesday’s ballot
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