-
A $25.5 million cash offer plus some equity was made to acquire Legacy Park, which was financed with $284 million of now-defaulted revenue bonds.
October 25 -
Record-breaking hot temperatures in the Southwest this summer likely had economic consequences and could focus the municipal bond market on heat-related credit risks and infrastructure needs.
October 23 -
Surpassing $150 million in total investments, New York, Illinois, Pennsylvania, Texas, Ohio, Arizona and Georgia have joined Florida, Miami-Dade and Palm Beach counties and Miami Beach in supporting Israel financially in the wake of the deadly terror attacks by Hamas.
October 19 -
The city plans to sell as much as $295 million of general obligation and revenue bonds in two deals next month.
October 18 -
The top five bond financings have an average dollar volume of more than $1.2 billion.
October 17 -
Royden Durham and Tony Tanner, portfolio managers at the Aquila group of funds, talk with Chip Barnett about what's special about Kentucky and Arizona -- what's the same and what's different -- within their municipal bond markets. (18 minutes)
October 17 -
Several states enacted school voucher or tax credit laws this year, while Arizona officials grapple with rising costs in its universal program.
October 5 -
Legacy Cares, which filed for bankruptcy in May, is trying to sell Legacy Park, which was financed with now-defaulted bonds issued in 2020 and 2021.
October 4 -
The state's Water Infrastructure Finance Authority is "strongly considering" the use of bonds as it seeks ideas on augmenting water supplies.
September 26 -
Bond trustee UMB Bank informed owners of the defaulted debt they may have actionable claims related to the bonds' sale.
September 22