In muni underwriting understanding who is obligated to make required disclosures and the content and timing of required disclosures are critically important.
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Competitive deals are slated to total about $2.9 billion, near the highest for any week this year, said J.P. Morgan strategists.
Work is expected to be completed in 2038 and ultimately provide four rail tunnels for Amtrak and NJ Transit trains between New York and New Jersey.
In a year characterized by a rise in mega deals, the agency looks to address an advancing financial "cliff."
The New Terminal One project was able to flex its construction progress, which the P3 backers say may have encouraged investors in a deal upsized by $1 billion.
The City Council-approved deal spends big on education and housing and reverses earlier cuts, but analysts are wary of the city's budget practices.
The new-issue calendar rises to $9.175 billion next week, with $6.089 billion of negotiated deals coming to market and $3.086 billion of competitive deals on tap.