Education issuance in the first half of 2024 rose 27% year-over-year, increasing to $64.516 billion across 1,646 issues from $50.796 billion in 1,559 transactions from 1H 2023.
Supply was led by K-12 education at $40.971 billion, up 7.9% year-over-year.
Higher education issuance, though, surge 103.9% to $22.504 billion, helped by large deals from
While the asset class is still in the red for October, it has pared back earlier losses. The Bloomberg Municipal Index is at negative 1.42% in October and positive 0.84% year to date.
The Michigan Finance Authority closed on $79.5 million of distributable state aid fifth lien and LTGO financial recovery refunding bonds issued for Detroit.
The infrastructure grants are bolstered by bond financing.
Municipal advisor Hamlin Capital Advisors and Michael Ferrell Braun have been charged by the SEC for failing to disclose material conflicts of interest to its charter school clients.
The 10 largest issuers of education issuance in the first half of 2024 accounted for $15.219 billion.
The deal was the latest billion-dollar-plus transaction for one of the P3 airport terminal projects at John F. Kennedy International Airport.
