The North Texas Tollway Authority is embarking on a significant bond sale worth $1.126 billion, with the aim of seeking savings through bond refundings and tenders. This huge deal is set to be executed in two series, with $446.14 million of first tier revenue bonds designated to fund a tender offer for taxable bonds sold
Agency
The landscape of cannabis consumption is evolving rapidly, especially in New York City. The legalization of adult-use marijuana in the state has paved the way for a thriving market, with licensed cannabis sales surpassing $100 million last year. The luxury market is now embracing cannabis consumption, as evidenced by the presence of dispensaries on Fifth
Boeing’s Starliner capsule has faced numerous setbacks in its journey to and from the International Space Station (ISS). In a surprising turn of events, NASA announced that the capsule will return from the ISS without the NASA astronauts it initially delivered to orbit in early June. This decision marks a significant shift for both NASA
The stock market has been experiencing a rollercoaster of ups and downs, with unpredictable movements that have left investors on edge. From record climbs in July to a steep global sell-off in early August followed by a rebound rally, the recent market action has been far from stable. The S & P 500 slipped on
Investors are currently considering a new-issue calendar totaling $12 billion, with nearly $2 billion of that debt coming from New York City. The deal, which amounts to $1.8 billion, is the largest offering on the calendar for the week and comes on the heels of the city’s $1.2 billion refunding issuance in July. The offering
Dallas Fort Worth International Airport is gearing up to enter the municipal bond market with a $750 million deal, following an impressive rating upgrade from S&P Global Ratings. The upgrade from AA-minus to A-plus is a result of the airport’s robust enplanements, financial resiliency, and stable debt service coverage. This positive change in rating indicates
The approval of a $333.4 million general obligation bond referendum by the Omaha City Council signifies a significant step in the city’s capital planning process for the next four to five years. The bond proceeds will be allocated towards sewer construction and improvements, streets and parking, public safety and convention center facilities, parks and recreation,
Japan’s new vice finance minister for international affairs, Atsushi Mimura, recently stated that Japan will maintain its approach on the yen, with intervention still being an option to address excessively volatile moves in the exchange rate. Mimura emphasized the importance of internationally agreed commitments concerning exchange rates being determined by markets, but also acknowledged the
On Tuesday, the Federal Deposit Insurance Agency board is set to vote on a notice of proposed rulemaking at an open meeting regarding the Financial Data Transparency Act. This act, signed into law on Dec. 23, 2022, mandates that municipal securities disclosures be converted into a machine-readable format. The FDIC, along with six other federal
In a bold move, Charlie Visconsi and Ron Van Den Handel have departed from Preston Hollow Community Capital to establish V2 Municipal Capital, a firm dedicated to sourcing high-yield municipal deals in partnership with alternative asset manager Fundamental Advisors. This new venture marks a significant shift in the landscape of municipal finance, as Visconsi and