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...
Municipal Bond Market News/Research
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....
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 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,...
Tollroads Show Strongest Growth in Total Revenue Growth
Tollroads Edge Hospitals for the Municipal Bond Credit Sector Revenue Honors Tollroad and Hospital Sectors easily led all other municipal bond credit sectors when it came to annual total revenue growth over the recent five year period spanning 2012 through 2017....
Worried About Public Pensions? Counties Often Have Lower Burdens
Counties Often Underappreciated Despite Generally Improving Fund Balances and Lower Debt and Pension Liabilities By Richard A. Ciccarone County governments are generally a good place to start your search for governments with positive financial conditions as well as...
Growth in Public Higher Education Debt Outstanding Outpaces All Other Major Municipal Bond Sectors
Public Higher Education Debt Outstanding Has Grown by Over 80% Since 2007 Leading All Other Major Municipal Bond Credit Sectors by Richard A. Ciccarone Municipal Bond Credit Sectors -- Ten Year Outstanding Debt Trend Based on municipal bond credit sector medians, ...
The Metropolitan Government of Nashville and Davidson County, Tennessee — $724.4 Million
SHARE THIS: FACEBOOKTWITTERLINKEDIN PRINT | EMAIL Featured Municipal Bond Issue, Week of October 15, 2018: The Metropolitan Government of Nashville and Davidson County, Tennesse -- $724.4 Million The Metropolitan Government of Nashville and Davidson County,...
Department of Water & Power of the City of Los Angeles, CA — $300 Million
SHARE THIS: FACEBOOKTWITTERLINKEDIN PRINT | EMAIL Featured Municipal Bond Issue, Week of October 8, 2018: Department of Water and Power of the City of Los Angeles, California — $300 Million The Department of Water and Power of the City of Los Angeles, California is...