MuniNet Guide Archive
State of California; $2.2 billion in General Obligation Bonds
- by Robert Crump The State of California is expected to issue $2.2 billion in General Obligation Bonds this week. The negotiated sale is scheduled for March 10th with an amortization schedule between 2021 and 2050 and Citigroup and RBC and joint senior managers....
Commentary: Just Wipe Out Public Debt! — Not a Solution for Puerto Rico or Anyone Else
- by James Spiotto With the end of the flurry of Congressional activity over impeachment, followed by a general yearning for the end to partisan conflicts, we now look to this year and what issues can be addressed before the national election. There remain lingering...
Regents of The University of California; $1.5 billion in Pooled Hospital Revenue Bonds
- by Robert Crump The Regents of The University of California (the Regents) are scheduled to issue $1.5 billion in Medical Center Pooled Revenue Bonds this week. The negotiated sale is planned for February 26th with Barclays and J.P. Morgan as joint senior managers....
State of New Hampshire; $80 Million in Capital Improvement Bonds
- by Robert Crump The State of New Hampshire is scheduled to issue $80 million in Capital Improvement Bonds this week. The competitive sale is scheduled for February 20th with an amortization period between 2020 and 2039. Proceeds from the sale of the Bonds will be...
Tarrant County; $193 Million in Hospital Revenue Bonds
- by Robert Crump The Tarrant County Cultural Education Facilities Finance Corporation (the Corporation) is expected to issue $193 million in Hospital Revenue Bonds this week. The negotiated sale is scheduled for February 6th with J.P. Morgan as the lead manager....
District of Columbia; $229 million Federal Highway Grant Anticipation Revenue Bonds
- by Robert Crump The District of Columbia (the District) is expected to issue $229 million in Federal Highway Grant Anticipation Revenue Bonds to close out this first month of the new year. Proceeds from the sale of the Bonds will be used to finance a portion of...
Vermont Bond Bank; $22 Million in College System Bonds
- by Robert Crump The Vermont Bond Bank (VBB) is scheduled to issue $22 million in State College System Bonds this week. Series 2020A is scheduled for a negotiated sale with Morgan Stanley as Senior Manager. Proceeds from the sale of the Bonds will be used to...
City of Chicago; $346 Million in General Obligation Bonds
- by Robert Crump The City of Chicago is scheduled to issue $346 million in General Obligation (GO) Bonds this week. The Refunding Series 2020A is a negotiated sale with J.P. Morgan as lead managers and a pricing date of January 15th. Series 2020A Bonds have a fixed...
Chronically Late Municipal Bond Audits Further Delayed in FY 2018
By Richard A. Ciccarone, President of Merritt Research Services, an Investortools, Inc. Company Every year since 2007, Merritt Research Services1 (Merritt Research) reports the time it takes for municipal bond borrowers to complete their annual financial audits. The...
Featured Bond: New Jersey Economic Development Authority, $500 million in Transportation Project Bonds
-by Robert Crump Our first featured bond of the new decade comes from the New Jersey Economic Development Authority (NJEDA), which is scheduled to issue $500 million in Transportation Project Bonds this coming week. The negotiated sale is scheduled for January 9th...
Featured Bond – Dormitory Authority of The State of New York, $3.2 billion
- by Robert Crump The Dormitory Authority of the State of New York (DASNY) is scheduled to issue a large bond of $3.2 billion in State Personal Income Tax Revenue Bonds. The negotiated sale is planned for December 17th with Morgan Stanley, Jefferies, and Ramirez &...
Featured Bond, 12/2: Metro Pier and Exposition Authority (Illinois) to issue $923 Million in Refunding Bonds
by Robert Crump The Metro Pier and Exposition Authority (the Authority) is scheduled to issue $923,210,000 in Refunding Bonds in order to refinance its debt on outstanding bonds. The negotiated sale is planned for sale on December 4th with Goldman Sachs and Morgan...
Featured Bond – Albany County Airport Authority, $42 Million Special Obligation and Revenue Bonds
The Albany County Airport Authority (the Authority) is scheduled to issue $42.2 million in Special Obligation and Revenue Bonds this week. The negotiated sale is scheduled for November 26th with Morgan Stanley as the lead manager. Each of the three series of the Bonds...
Featured Bond – Week of 11/19: Port Authority of New York and New Jersey, $1.1 billion in Consolidated Bonds
The Port Authority of New York and New Jersey is scheduled to issue $1.1 billion in Consolidated Bonds this week. The negotiated sale is scheduled for November 19th with Bank of America as the lead manager. These Consolidated Bonds are being issued in two series to...
Featured Bond – Mount Sinai Obligated Group $475 million
The Mount Sinai Obligated Group is scheduled to issue $475 million in Taxable Bonds. The negotiated sale is scheduled for November 14th with Goldman Sachs and Citigroup as lead co-managers. This long dated fixed rate bond has an amortization schedule of 2020 - 2029....
Featured Bond – Utah Transit Authority $551 Million
The Utah Transit Authority (UTA) is scheduled to issue $511 in Sales Tax Revenue Bonds and Sales Tax Refunding Bonds with Wells Fargo as the lead manager. The negotiated sale is scheduled for November 6th, 2019. Each of the three Series has unique characteristics, so...
Weekly Featured Bond – State of Wisconsin $621,980,000
The State of Wisconsin is scheduled to issue $621,980,000 in General Fund Annual Appropriations Refunding Bonds the week of October 28th. The negotiated sale has Citigroup and Barclays as its principal underwriters. About the Bonds Proceeds from the bond issuance will...
Featured Bond – Texas State University System $315 million
The Texas State University System is issuing $315 million in Education Bonds to refinance its outstanding debt and finance certain capital projects. The negotiated sale is scheduled for October 24th, with Morgan Stanley as the lead underwriter. About the Bonds Series...
Featured Bond – New York Housing Finance Authority $100 million
New York State Housing Finance Authority is scheduled to issue $100 million in Affordable Housing Revenue Bonds in two series to provide mortgage loans and fund housing construction in the state. The Bond is scheduled for sale on October 17th with JP Morgan, Bank of...
Featured Bond – City of Galveston to Issue $32 million in Capital Improvement Bonds
The City of Galveston is scheduled to issue $32 million in Capital Improvement Bonds to finance capital projects related to the city’s infrastructure and maintenance. The bond is scheduled for sale as a single series on the week of October 7th with Raymond James as...
Featured Bond – City of New York $930 million in General Obligation Bonds
The City of New York is expected to issue $850 million in General Obligation Bonds to finance its 2020 budget and various capital projects planned for the new year. The sale is scheduled between October 1st to the 3rd, with Jefferies as the lead underwriter and many...
Feature Bond – Week of September 23rd; Rutgers University – 100 Year Bond
Rutgers University sold $330 million in General Obligation Bonds scheduled to mature over the next 100 years during the week of September 16th. The purpose of the bonds is to finance and/or refinance construction of several capital projects on campus and to pay the...
Featured Bond – Week of September 16th, Orlando International Airport
The Greater Orlando Aviation Authority is scheduled to issue $1.1 billion in Airport Facilities Bonds to finance construction on its new South Terminal at the Orlando International Airport and to manage certain aspects of its current debt obligations. The...
Featured Bond – Week of September 9th, 2019; City of Austin to Issue $233 million in Capital Improvement and Refunding Bonds
The City of Austin is scheduled to issue $233 million in bonds to finance its debt and to fund in whole or in part several voter-approved capital projects. The bonds are expected to be scheduled for sale on September 10, 2019 with Ramirez & Co., Inc. as the lead...
Featured Bond – Week of September 2nd, 2019: State of California to Issue $2.3 Billion Dollars in General Obligation Bonds
The State of California is scheduled to issue $2.3 billion dollars in Various Purpose General Obligation bonds in two parts. In order to refinance its outstanding debt, the state will issue $1.65 billion in Refunding Bonds. Proceeds from the remainder of the total,...