The Deal of the Year awards, presented Wednesday, recognize innovation in municipal finance and this year’s nominees had to deal with the COVID-19 pandemic in addition to other challenges.
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Pewaukee, Wisconsin, is the target of lawsuits from a private industry group over a transportation utility fee that was struck down earlier this year.
George Joseph McLiney, Jr. founded municipal bond underwriting firm McLiney and Company. He was devoted to his family and small issuer clients.
The tools come with risks, like legal challenges to "polluter pay" funds or potential corporate departures with cap-and-invest programs.
Longtime firm members Elaine Brennan and Charles Stavitsky hope to maintain continuity after their promotions.
The prepaid electricity bond deal issued by the California Community Choice Financing Authority for the Clean Power Allliance was record-setting in size.
High-yield funds saw $608.9 million of inflows compared with inflows of $150.3 million the week prior.
