Anatomy of a deal: AlexRenew's Small Issuer winner

In June, AlexRenew became the first wastewater authority in Virginia to issue green bonds with a $45.7 million deal to fund projects that provide a positive environmental impact. "The deal demonstrates how smaller issuers can leverage innovative solutions to fund environmental projects at the local level," said Justin Carl, AlexRenew's general manager and CEO. The deal, sold by the City of Alexandria Sanitation Authority, operating as AlexRenew, won the Small Issuer category of The Bond Buyer's 2024 Deal of the Year awards.

The people have voted. Now what? Follow The Bond Buyer's coverage of 2024 developments after Election Day.

Houston will sell its biggest special facilities revenue bond issue with a $1 billion deal backed by junk-rated United Airlines to fund terminal projects at George Bush Intercontinental Airport. The Houston deal comes as airport special facilities revenue bond sales surged this year with issuance already the highest since at least 1999,

From politics to disclosure to funding, the changing climate challenges muni issuers. Learn more in our Climate Spotlight 2024 package.

A mediation session is set for Tuesday as a long-standing lawsuit charging Wall Street banks with rigging New York's variable-rate bonds inches forward. The New York case is one of four state-level lawsuits brought by Minnesota-based municipal advisor Johan Rosenberg, who filed them under the name of a Delaware-incorporated entity called Edelweiss Fund LLC.

Watch what the municipal bond industry’s innovators and influencers are saying in our Leaders series of video interviews. Check out our lineup of future live interviews and archived conversations.

The Municipal Securities Rulemaking Board is soliciting applications for four positions on its board for the 2026 fiscal year. "This year the Nominating Committee is looking for one municipal advisor, one-broker-dealer, and two public representatives to join the Board," said Katano Kasaine, MSRB board member and chair of the committee. "We encourage qualified candidates with a commitment to advancing a fair and transparent municipal securities market to apply."

Save the date! The Bond Buyer's National Outlook event returns to New York City on Feb. 6, 2025.

The Financial Industry Regulatory Authority has fined New York-based Drexel Hamilton $300,000 in addition to charging four of its registered representatives for submitting retail orders and zip codes for new issue municipal bonds without any basis for such designation.

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