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The state will use debt service savings from the refunding side of the deal for near-term budget relief; the deal includes its first taxable refunding bonds.
December 9 -
Such moves could reduce costs by up to $180 million in present-value savings, Joe Torsella said.
November 17 -
TMI Trust agreed to a settlement that allows bondholders to be paid interest during the Chapter 11 case of the Roman Catholic Archdiocese of New Orleans.
November 5 -
The public finance industry would gain from the reinstatement of tax-exempt advance refunding and other muni-friendly measures under a Democratic sweep of the White House and both chambers of Congress.
November 4 -
Tax changes sought by the municipal bond industry are likely to be embedded into infrastructure legislation.
October 27 -
"We have no need for cash-flow relief or restructuring," said the treasurer of Dallas Area Rapid Transit, which continues to expand its rail services.
October 26 -
The Louisiana State Bond Commission will refinance $424 million of variable-rate bonds; the deal isn't expected to include the termination of underwater swaps.
October 15 -
Moody’s Investors Service revised the outlook on its Aa2 rating to negative ahead of the $96 million deal.
October 13 -
Upfront savings from the $371 million deal will improve liquidity for the authority after the coronavirus-caused traffic downturn.
October 9 -
The airport will sell $925 million in a deal structured to lower short-run debt-service outlays as it manages through the coronavirus-driven air travel decline.
October 9