Federal Reserve Chair Jerome Powell told Congress the Fed will "keep its foot" on the gas pedal until the pandemic ends.
Its $400 million GOs attracted investors, resulting in a record low interest cost of 2.31%, according to state Treasurer Shawn Wooden.
The projected shortfall is $100 million higher than in late April, but a downgrade is unlikely, an analyst says.
The SEC released an emergency order Tuesday that would allow municipal advisors to facilitate some private placement deals, which have seen an uptick during the pandemic.
The $779 million refunding will capture present value savings while pushing off some debt repayments for budget relief that Fitch called "reasonable."
The deadline to pass the city's fiscal 2021 spending plan is two weeks away and it faces a $9 billion gap.
Primary market COVID-19 disclosures increased to 2,926 filings from 2,529 the week prior. Continuing disclosures increased to 6,107 filings from 5,677.
Andy Dillon and Michael Imber from restructuring firm Conway MacKenzie explore creative options for states and cities coming out of the coronavirus pandemic. Paul Burton hosts.
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Its $400 million GOs attracted investors, resulting in a record low interest cost of 2.31%, according to state Treasurer Shawn Wooden.
June 17
-
The projected shortfall is $100 million higher than in late April, but a downgrade is unlikely, an analyst says.
June 16
-
The SEC released an emergency order Tuesday that would allow municipal advisors to facilitate some private placement deals, which have seen an uptick during the pandemic.
June 16
-
The $779 million refunding will capture present value savings while pushing off some debt repayments for budget relief that Fitch called "reasonable."
June 16
-
The deadline to pass the city's fiscal 2021 spending plan is two weeks away and it faces a $9 billion gap.
June 16
-
Primary market COVID-19 disclosures increased to 2,926 filings from 2,529 the week prior. Continuing disclosures increased to 6,107 filings from 5,677.
June 16
-
Andy Dillon and Michael Imber from restructuring firm Conway MacKenzie explore creative options for states and cities coming out of the coronavirus pandemic. Paul Burton hosts.
June 16
