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Posted in Issuers New Issue NYC

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…

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Posted in New Issue NYC Underwriting

New York City’s TFA Refinances Debt, Locks In Over $370 Million of Debt Service Savings

August 20, 2020 – In a press release released by the Mayor’s Office of Management and Budget, Comptroller Scott Stringer…

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Posted in Issuers New Issue NYC Underwriting

NYC’s Personal Income Tax-Backed Bonds Receive Warm Investor Reception; Oversubscribed by 11x

May 13, 2020 – New York City’s premier credit – the AAA-rated Transitional Finance Authority (TFA) – received a warm…

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Posted in Credit Ratings Issuers Markets New Issue NYC Rating Agencies

Ahead of NYC’s First Post-COVID19 Bond Sale, Fitch and S&P Affirmed TFA (Personal Income Tax and Sales Tax Credit) at “AAA”, With Stable Outlook

May 9, 2020 – Ahead of a $726 million tax-exempt and taxable subordinate-lien bond sale next week, rating agencies affirmed…

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Posted in Markets New Issue

Citi: Muni Fund Flows and Issuance Exhibit Strong Start In the First Full Week of 2020

January 14, 2020 – Municipal bond funds reported inflows of $2.9 billion for the week ending January 8, according to…

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Posted in Issuers New Issue Retail Investors

[NEW ISSUE] State of Connecticut – State Revolving Fund General Revenue Bonds

The State of Connecticut is selling tax-exempt State Revolving Fund (“SRF”) General Revenue Bonds on Thursday, June 20th, 2019. A…