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Reported savings from advance refundings make great headlines, but they come with a concealed opportunity cost: waiting with refunding until the call date is likely to be considerably more beneficial.
May 18Andrew Kalotay Associates Inc. -
The White House and a bipartisan cadre of lawmakers appear committed to getting infrastructure, including top muni market lobbying goals, achieved.
May 11 -
“Our net present value savings were $191.5 million or a record-setting 29%," said North Texas Tollway Authority Chief Financial Officer Horatio Porter.
May 6 -
With federal aid rolling out, the municipal credit picture is improving and issuers are coming to market at a faster clip. An infrastructure package could push issuance levels even higher.
April 30 -
Public finance groups hope that the Biden administration will show the same support for tax-exempt bonds that House Democrats do.
April 29 -
The three-pronged Local Infrastructure Financing Tools Act was introduced Friday by Rep. Terri Sewell, D-Ala.
April 16 -
Forward delivery sales, a replacement for tax-exempt advance refundings, could grow in 2021.
April 15 -
The authority appears ready to take advantage of market conditions following a successful December refunding.
April 1 -
The current prohibition against tax-exempt advance refunding was used as a minor pay-for in the GOP’s Tax Cuts and Jobs Act that cut personal and corporate tax rates.
April 1 -
The first quarter of 2021 concludes with $102.1 billion, slightly higher than the $95.3 billion that the market saw in the COVID-ravaged first quarter of 2020.
March 31