The forthcoming issuance of $247.74 million in unrated tax-exempt revenue bonds for a grand development plan on state-owned land in Utah raises eyebrows that must not be overlooked. Marketed as a shining example of public-private collaboration, this ambitious project dubbed “The Point” intends to reshape not merely the landscape, but the very economic fabric of
Bonds
In an age where institutions are constantly under scrutiny, the alarm bells are ringing louder for Harvard University following allegations of financial impropriety linked to a recent bond sale. Representative Elise Stefanik, a Republican from New York, has called for an investigation by the Securities and Exchange Commission (SEC) concerning a $750 million taxable bond
Oklahoma City Council’s recent approval of the Thunder’s arena deal may seem like a victorious stride for local sports fans, yet beneath the surface lies a tangled web of potential pitfalls that could haunt the city long after the cheers have faded. At first glance, a new, state-of-the-art arena appears to be a cherished investment
The high-yield bond sector has shown remarkable resilience amid the financial storms of the last two years. While volatility may have rattled many investors, the momentum is shifting towards recovery. This niche of the municipal market is gradually finding its footing as demand begins to outpace supply. Given the realities of a post-pandemic recovery, many
The city of Philadelphia, often heralded as the City of Brotherly Love, is poised to make a substantial entrance into the financial markets with the issuance of $817 million in general obligation bonds. This marks the first such move since 2021, a significant gap during which the financial landscape has evolved dramatically. The new mayor
The recent decision by Guam’s Consolidated Commission on Utilities to approve a plan for the Guam Waterworks Authority to issue $270 million in bonds is a pivotal moment for the territory’s financial and infrastructural landscape. Under the guidance of Miguel Bordallo, the authority anticipates securing these bonds at an all-in true interest cost of 4.91%.
In an era where economic forecasts often hinge on uncertain trends, Salt Lake City finds itself in the crosshairs of a significant financial undertaking: the issuance of $900 million in sales tax revenue bonds aimed at revitalizing its downtown infrastructure and enhancing the Delta Center, the home of its professional NBA and NHL teams. While
Next week, Chicago is poised to issue a staggering $517.95 million in taxable and tax-exempt general obligation bonds, a move that raises eyebrows given the city’s deteriorating financial outlook. The backdrop for this decision is a recent downgrade from Fitch Ratings, which has placed a negative outlook on the city’s A-minus issuer default and general
Municipal bonds are often perceived as the safest haven for investors seeking stability amidst the chaotic tides of the financial markets. However, recent trends have revealed a much grimmer reality. While municipals remained fairly steady recently, the undercurrents hint at emerging risks that could destabilize this seemingly tranquil marketplace. The recent bipartisan tariff announcements, branded
For over ten years, the realm of municipal bonds has been dominated by the alluring yet deceptive architecture of high 5% callable bonds. They have become the go-to choice for municipal issuers, with their promise of consistent yield creating a façade of security for investors. However, beneath this shiny veneer lies a complex web of