Bonds

The financial strain from COVID-19 has Pennsylvania’s cities and towns weighing a range of coping measures. The crisis has also triggered inquiries about shared services and mergers. “We’re being inundated with calls and requests for regionalization studies, from police mergers to fire services,” Kim Bracey, executive director for the state Department of Community and Economic
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Cameron Mock, chief of staff and senior fiscal advisor to the deputy governor of Illinois, Melissa Dubowski, deputy finance director of the city of Houston and John Markowitz, assistant treasurer of Transurban, join Innovation Editor Lynne Funk to discuss their day-to-day work navigating COVID-19 effects, budget stresses and the future of public finance post-pandemic. (25
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CommonSpirit Health will price $2 billion of debt Wednesday in a deal that raises some new money while taking the next steps in its tinkering with the combined debt portfolio of Dignity Health and Catholic Health Initiatives. The Chicago-based system took indications of interest Tuesday on the nearly $1.5 billion of index-eligible taxable paper with
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“There’s no apparent need to expand that facility today,” Kent Hiteshew, deputy associate director of the Fed’s Division of Financial Stability, said Tuesday in reference to the Fed’s Municipal Liquidity Facility. Municipal market conditions at the end of this calendar year will determine whether the Federal Reserve and Treasury decide to continue to operate the
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As investors and issuers focus more on environmental, social and governance issues, IHS Markit has brought on Dana Villanova to help lead its ESG and innovation presence in the municipal market. She will also head the broader Global Markets Group’s fixed-income efforts, as the company expands its reach in the buy and sell sides. At
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The Municipal Securities Rulemaking Board plans to make it easier to connect investors with state and local governments’ financial information in the coming years. During the second annual Government Finance Officers Association MiniMuni virtual conference, MSRB CEO Mark Kim laid out a few priorities for the board in the coming years. Kim was named MSRB
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Allison King Title: PartnerFirm: Tiber Hudson LLCAge: 39 Allison King parlayed a career in real estate development into a career as an affordable housing bond attorney, after working on bond-financed housing projects in the Southeast. She leads Tiber Hudson’s Charleston, South Carolina, office most often serving as underwriter’s counsel and has participated in the issuance
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Jeffrey Lack Title: DirectorFirm: Fitch RatingsAge: 39 Jeffrey Lack has established himself as leading credit analyst for the transportation sector during his nearly 10-year run at Fitch Ratings. He was formerly the senior transportation analyst in Fitch’s Chicago office and in 2019 moved to the rating agency’s Austin, Texas, office to grow the company’s global
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Dallas-based Hilltop Securities has hired five municipal market professionals to bolster the firm’s expansion efforts in Charlotte, North Carolina. All five, who most recently worked at Wells Fargo Securities, will be on Hilltop’s debt capital market and fixed income capital market teams. “Hilltop is in growth mode and hiring from all types of firms in
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Illinois heads into the market Tuesday facing questions about its ability to hold on to investment-grade ratings should voters reject a progressive income tax amendment and federal relief remain stalled. The state will take competitive bids Tuesday on $850 million of general obligation paper to fund capital projects and ongoing pension buyout and acceleration programs.
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Lisa Washburn, managing director at Municipal Market Analytics spoke during a virtual panel Monday afternoon. A wide array of muni market leaders are hopeful that their efforts will inspire more disclosure without a need for strict regulation and future rulemaking. During the second annual Government Finance Officers Association MiniMuni virtual conference, issuers, broker-dealers, securities lawyers
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Roberto RuizStifel, Nicolaus & Co. Title: DirectorFirm: Stifel Age: 37 Roberto Ruiz, a director in Stifel’s San Francisco office, was drawn to public finance by time spent studying in China after he earned his undergraduate degree in psychology. While teaching English and studying Mandarin, Roberto took notice of the infrastructure popping up around him, which
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The Oklahoma Department of Transportation will price $193 million of revenue bonds in two series Tuesday. The $171 million of Series B bonds for projects and $22.3 million of Series C taxable refunding bonds will be issued through the Oklahoma Capitol Improvement Authority headed by Gov. Kevin Stitt. The Oklahoma Department of Transportation manages highways,
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