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The previously unrated Santa Cruz Metropolitan Transit District will be the first transit agency to price debt to cover pension liabilities when it hits the market Wednesday.
February 10 -
Gross savings from the transaction is expected to be $378 million, or about $11 million a year, which would result in around $250 million in net present value debt service savings.
February 9 -
Dennis Reilly will leave the conduit issuer after 26 years to focus on establishing a not-for-profit lending footprint for Fifth Third in Wisconsin.
February 9 -
It's the latest salvo in a growing controversy over the Federal Highway Administration's December memo discouraging states from building new highway capacity.
February 9 -
The market consensus is that interest rates will rise by two to three percentage points over the next three years. What will that mean?
February 7MaxMyInterest -
Last week saw the first co-op securitization to finance storm costs, a $908 million deal that could set a national model for utilities.
February 7 -
The two Michigan-based systems completed their merger amid stepped-up federal anti-trust scrutiny but have not yet announced any changes to their existing debt portfolios.
February 4 -
The broker-dealer has added several people to a team that specializes in land-based municipal bond transactions.
February 4 -
Restricting the use of IIJA funds for new highway capacity "flies in the face" of Congressional intent, said Sen. Mitt Romney.
February 3 -
Tax revenue declines and urban sprawl are among the possible unintended consequences of the rise in automated vehicles.
February 2