Category: Issuers
NY’s MTA May Be Fiscally Stressed, But State and City Support (and a Blue Congress?) Provide Buffer.
October 6, 2020 – In a report released on Friday, JP Morgan analysts said a bankruptcy scenario is unlikely for…
NYC Prices $1.4B GO Transaction. First Post-COVID Sale Locks In $240 Million In Savings.
August 27, 2020 – New York City priced its first General Obligation transaction since the onset of COVID-19. Based on…
NYC Selects Underwriters. Wells Is In. Goldman and Morgan Stanley Are Out. Minority Firms Achieve 33% of Book-Running Roles.
August 7, 2020 – New York City announced results of its recent procurement process this morning – selecting underwriting firms…
Morgan Stanley: “CARES 2” Will Extend Up To $614B of Muni-Related Stimulus Aid And Bring Back Advance Refundings
July 20, 2020 – Morgan Stanley waded into the Congressional prediction sweepstakes today, predicting that Congress will extend up to…
Will Charges of Racism Derail Morgan Stanley and Wells Fargo’s Muni Underwriting?
July 8, 2020 – As 2020 move into its pivotal second half, investment bankers are gearing up for a slew…
Citi’s Controversial Recommendation: Issuers Should Issue More Debt
June 28, 2020 – In a report issued yesterday, Citi’s Municipal Research team recommended state and local governments undertook “aggressive…
Amid $61 Billion of Projected Revenue Declines, the Empire State Preps $3.5 Billion Cashflow Borrowing
June 9, 2020 – New York State kicked off pre-marketing today for a $3.4 billion Revenue Anticipation Notes (RANs), issued…
Opinion: New York’s Large Bond Issuers Must Do More To Elevate Black-Owned Public Finance Firms
June 5, 2020 – All things considered, the $4 trillion U.S. municipal bond market has been welcoming of Black-owned public…
Fed Expands Municipal Liquidity Facility (MLF); New York’s MTA Seen As Notable Beneficiary
June 3, 2020 – The Federal Reserve Board announced an expansion in the number and type of entities eligible to…
Federal Reserve Releases “Notice of Interest” for Municipal Liquidity Facility Borrowers
May 15, 2020 – The Federal Reserve Bank of New York (“FRNY”) has released a Notice of Interest (NOI) for eligible…
