New York City Water Finance Authority – $450 Million | MuniNet Featured Bond Satellite Image of New York City , Courtesy of https://www.goodfreephotos.com Featured Municipal Bond Issue, Week of January, 14 2019: New York City Water Finance Authority Water and Sewer...
Municipal Bonds
Featured Municipal Bond Issue: Georgetown University — $632 Million in Taxable Revenue Bonds
Featured Municipal Bond Issue, Week of 1/7/2019: Georgetown University — $632 Million (Taxable) Revenue Bonds This week’s featured bond is a large taxable municipal revenue bond. Georgetown University is slotted to issue a $305 million Series 2019A bonds...
Featured Bond: The Illinois State Toll Highway Authority
Featured Municipal Bond Issue, Week of 12/10/2018: The Illinois State Toll Highway Authority -- $430 Million Toll Highway Senior Revenue Bonds, 2018 Series A (Refunding) This week’s featured bond is one of the highest rated major bond issuers from the State...
Fiscal Year 2017 Municipal Bond Audit Times Are Still Too Slow
Municipal Bond Audit Times Show Slight Improvement Since 2015 But Most Still Late to the Table -- The County, State and City Sectors are the Least Timely By Richard A. Ciccarone Municipal bond analysts and investors are accustomed to waiting a lot longer for...
Featured Bond — Chicago O’Hare International Airport $1.85 Billion Revenue Bonds
Featured Municipal Bond Issue, Week of December 3, 2018: The City of Chicago, Chicago O'Hare International Airport Sr. Lien Revenue Bonds – $1.85 Billion This week’s featured bond is also the largest offering in the negotiated market scheduled for the week of...
BOARD OF EDUCATION OF THE CITY OF CHICAGO TO ISSUE $763.3 MILLION IN GENERAL OBLIGATION (DEDICATED REVENUE) BONDS
SHARE THIS: FACEBOOKTWITTERLINKEDIN PRINT | EMAIL Featured Municipal Bond Issue, Week of November 26, 2018: The Board of Education of the City of Chicago — $763.3 Million The Board of Education is issuing $763,3 million Unlimited Tax General Obligation Improvement...
Featured Municipal Bond Issue, City of Philadelphia PA Water and Wastewater Revenue Bonds
Featured Municipal Bond Issue, Week of November 12, 2018: City of Philadelphia, PA Water and Wastewater Revenue Bonds Series 2018 A — $275 Million This week, MuniNet features the City of Philadelphia. On or around November 15th, The City intends to issue by...
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, ...
Featured Municipal Bond Issue– City of Los Angeles, CA Wastewater System Subordinate Revenue Bonds
Featured Municipal Bond Issue, Week of October 29, 2018: City of Los Angeles, California Wastewater System Subordinate Revenue Bonds — $362 Million (Includes $220.5 Million Green Bonds) For the second time this month, MuniNet features a bond issue from the City of...
Risk Perception of State and Local Government Debt May Stress Taxes and Leverage Without a Certainty of Payment – Use of Statutory Liens, Special Revenues and Other Means of Assurance
By James E. Spiotto Fiscal distress of or perception of risk of nonpayment by government begets higher cost of borrowing and even loss of access to the market The perception of fiscal distress leads to higher interest rates (cost of borrowing) in the global markets:...