Bond counsel in the first half of 2024 handled a combined $236.731 billion across 3,933 bond issues, up from $172.268 billion in 3,493 transactions this time last year.
The top 10 bond counsel saw some shuffling and welcomed three new entrants. The newcomers, Greenberg Traurig, Bryant Rabbino and Ballard Spahr, knocked Bracewell, Nixon Peabody and Gilmore & Bell, out of the top 10.
Source: LSEG
Municipals are outperforming USTs to a large degree this month, with investment grade munis seeing positive 0.81% returns in November and 1.63% year-to-date. USTs are in the red at -0.40% in November with only 0.96% positive returns in 2024.
S&P Global Ratings placed Chicago's general obligation bond rating on watch negative Tuesday, warning against heavy reliance on one-time budget solutions.
Debt issuance and public-private partnerships could be in the financing mix for projects considered by the Arizona Water Infrastructure Finance Authority.
Panelists at the SEC, FINRA and MSRB joint Compliance Outreach Program looked at the state of municipal advisor regulation and how the Commission could respond going forward.
The baseball team says the county's delays in approving the bonds set back construction and increased the costs.
Credit ratings and the role of rating agencies have changed in response to an evolving market over the past 16 years, according to speakers during an online California Debt and Investment Advisory Commission.
