WASHINGTON -
Thomas M. Likovich, a managing director and head of debt markets for
Francis Y. Chin, head of public finance at Salomon Smith Barney Inc.,
Spector replaces David R. Warren, managing director for the securitized
-- Lynn Hume
Munis were little changed, but geopolitical and market conditions could bode well for the sector, MMA's Matt Fabian said.
The latest update for the project at the Southwest Airlines hub showed an estimated $2.54 billion price tag and plans to issue general airport revenue bonds.
As the Trump administration touts an end to the Iran war and the eventual opening of the Strait of Hormuz, oil prices are dropping which may push muni yields down and fuel demand.
Bondholders also waived an event of default for $22 million of senior debt that Brightline took on in May.
South Carolina — which just passed a law allowing tolls and public-private partnerships — won federal funding for a statewide asset scan focused on its major transportation corridors for potential P3s.
"I think generally there is an over-emphasis placed on the takedown at the expense of considering the overall cost of the transaction," Nikolai Sklaroff, capital finance director at the San Francisco Public Utilities Commission, said.
