Sentences with phrase «municipal bond issuance»

Rhode Island's governmental issuer of tobacco settlement revenue - backed bonds in defense of a lawsuit brought by two municipal bond funds seeking to block a proposed $ 600 million municipal bond issuance.

Last December saw more than $ 69 billion in record municipal bond issuance ahead of the new tax laws being implemented in January.L As a result, January issuance declined by more than 45 % year - over-year, with many expecting low levels of municipal bond issuance to persist.

While municipal bond issuance increased considerably during November and December in anticipation of Tax Reform and revised tax - exempt status for certain issue types, we would expect that, post signage, longer term supply should begin to decline which, of course, should prove favorable for bondholders.

Many institutions woven into the fabric of daily life were made possible by municipal bond issuance.

Not exact matches

Interest income generated by municipal bonds is generally expected to be exempt from federal income taxes and, if the bonds are held by an investor resident in the state of issuance, state and local income taxes.

«Market participants will look back on this municipal green bond issuance for Massachusetts, and see it as the gateway to further green bond issuances across the many states and many cities that are hoping to access less expensive funding to improve infrastructure, protect natural resources and offer renewable energy,» says Bill Daley, Managing Director in Public Finance.

Issuance totaled USD 7.56 billion, of which USD 2.4 billion was in U.S. municipal bonds.

Next year we will see municipal bond new - issue supply decrease sharply, since 2018 issuance has been moved into this year.

Even in a world where short - term interest rates will continue to rise as the Federal Reserve raises policy interest rates (most likely 2 — 3 times next year) and where long - term rates should rise slowly as the Fed lets its balance sheet shrink, tax - free yields should either stay the same or move down as the municipal bond world confronts a market with much less issuance.

The New York State Tobacco Settlement Financing Corporation (TSFC), a subsidiary of the State of New York Municipal Bond Bank Agency, at a meeting of its Board of Directors this month authorized the issuance of economic refunding bonds (the «Refunding Bonds») to redeem at par certain of its outstanding bbonds (the «Refunding Bonds») to redeem at par certain of its outstanding bBonds») to redeem at par certain of its outstanding bondsbonds.

Utilizing a $ 10 million federal enhancement grant and a $ 100,000 contribution from the Texas Education Agency (TEA), TCEP provides credit enhancement for municipal bonds that provide financing for the acquisition, construction, repair or renovation of Texas charter school facilities (including certain refinancing of facilities debt that meet federal guidelines), by funding a debt service reserve fund for such issuances.

The Logan City School District Board of Education on Tuesday approved the sale and issuance of a $ 4.8 million Municipal Building Authority bond to pay for seismic upgrades and other additions to Logan High while it is still under construction.

Two of the largest risks are that the average credit quality of bonds in this sector is well below investment grade and the heavy issuance of zero coupon bonds creates a sector that has one of the longest durations in the municipal bond market.

In fact, since Jiangsu's debut issuance on May 18, 2015, the municipal bond market that is tracked by the S&P China Provincial Bond Index has expanded rapibond market that is tracked by the S&P China Provincial Bond Index has expanded rapiBond Index has expanded rapidly.

Interest income generated by municipal bonds is generally expected to be exempt from federal income taxes and, if the bonds are held by an investor resident in the state of issuance, state and local income taxes.

We share years of experience forging and implementing public - private partnerships, incentive, development and infrastructure agreements, economic development incentive and tax increment financing programs; assisting secondary and higher education institutions, healthcare organizations, cultural institutions, electric and gas power providers, and air, land and sea transportation entities with their debt issuances; serving as bond counsel to a wide array of local and state government entities; and serving as underwriters» counsel to many national and regional underwriters of municipal bonds and as counsel to direct purchasers of municipal debt obligations.