Category Archives: Muni Bonds

Muni bonds and recent storms

“Early signs indicate bond insurers can withstand the recent hurricanes Harvey and Irma with no change in credit ratings, while Maria’s impact may be moot.

Although insurers are still tallying the costs, S&P Global Ratings said Assured Guaranty, Build America Mutual and National Public Finance Guarantee aren’t at risk for a ratings downgrade as a result of Harvey and Irma.” — FMS Bonds

Muni bonds

An offering in the news …

CALIFORNIA ST MUN FIN AUTH REVENUE OID

REF-CMNTY MED CENTERS-SER A

Rating: Baa1(Moody’s)/A-(S&P)

Interest Rate: 4.00%

Maturity: 2/1/2042

Call Features: 2/1/2027 @ 100

Yield to Call: 4.00%

Yield to Maturity: 4.00%

Muni bond exemption

Trump on Muni bond exemption.

“He’s the president-elect, and he said he would keep it,” said Tom Cochran, CEO and executive director of the U.S. Conference of Mayors, following a half-hour meeting with Donald Trump in New York.

Puerto Rico debt

In the news …

The Supreme Court has struck down a Puerto Rican law that would have allowed the U.S. territory’s public utilities to restructure their debt. The 5-2 ruling leaves management of the island’s fiscal crisis to Congress.

Muni bonds

A sample offering …

RIVERSIDE CNTY CA PUBLIC FIN AUTH OID REF-PROJ AREA #1-DESERT CMNTYS & INTERSTATE 215 CORRIDO TAX ALLOCATION UNDERLYING S&P A

Rating: Aa(S&P)

Insurance: Build America Mutual Interest Rate: 3.00%

Maturity: 10/1/2035
Call Features: 10/1/2025 @ 100
Yield to Call: 3.00%
Yield to Maturity: 3.00%

Price: 100
Form: Book-Entry
Comments: Federally Tax Free
Not Subject to AMT

Muni bonds



In the news …

REDONDO BEACH UNIFIED SCHOOL DISTRICT (LOS ANGELES COUNTY, CALIFORNIA)

Issue Title: Election Of 2012 General Obligation Bonds Series C And 2016 General Obligation Refunding Bonds Series A
Type Of Bond/Security: Municipal Bond – General Obligation

Muni Bonds

In the news …

TRUSTEES OF THE CALIFORNIA STATE UNIVERSITY SYSTEMWIDE REVENUE BONDS

Issue Title: Series 2016A, Series 2016B-1, Series 2016B-2 And Series 2016B-3
Type Of Bond/Security: Municipal Bond – Revenue Bond