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Morgan Stanley will price the flexible-rate deal with a 1.95% coupon, according to pre-sale pricing guidance.
June 12 -
The amended lawsuit references inside sources who allegedly confirm that the banks worked together in violation of antitrust law.
June 3 -
Lawsuits accusing banks and broker-dealers of fraud in the variable-rate demand obligation market helped cement the decision to use the platform.
May 23 -
Adding $374 million alleged in New York to the three other cases also filed by Johan Rosenberg brings the total damages claimed to $1.58 billion.
May 22 -
The orchestra received a first-time A rating from S&P Global Ratings ahead of its bond sale next week.
May 17 -
Philadelphia awarded a $190 million general obligation deal to banks the city is suing, alleging collusion on variable-rate debt.
April 29 -
Whistleblower Johan Rosenberg has alleged that the conspiracy cost issuers over $1 billion — $719 million in California, $349 million in Illinois, and $134 million in Massachusetts.
April 4 -
The lawsuit filed in federal court is now the second national suit alleging fraud in the variable-rate debt market.
March 27 -
The man behind the allegations of widespread VRDO fraud is Bjorn Johan Rosenberg.
March 8 -
A large municipality with strong legal representation will draw attention, even from those skeptical of whistleblower suits alleging bank fraud in the variable-rate demand obligation market.
February 21