Big airport bond deals coming from Denver and Texas

To accommodate rising passenger volume, Denver International Airport extended its capital improvement program through 2035 and is one of the major airports in the U.S. Southwest gearing up to issue bonds this year. "We took a step back and realized that as the airport continues to grow and see record passenger growth, that we needed to expand our CIP to meet our Vision 100, which is to get to 100 million annual passengers by 2032 and that's a conservative estimate," said Michael Biel, who will become the airport's chief financial officer Jan. 12.

Join your fellow leaders at The Bond Buyer's National Outlook 2025 to prepare for a pivotal year with insights from our extraordinary lineup of experts and innovators.

The new year brings new tax laws in 39 states as the trends reveal a mix of cuts, taxpayer rebates and moves away from progressive policy in favor of flattening. "A growing number of states have either adopted or are pursuing flat income taxes, with Iowa and Louisiana bringing the total number to 14 as of this year," said Jared Walczak, vice president of state projects at the Tax Foundation.

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

Kim Olsan, senior fixed income portfolio manager at NewSquare Capital, guests on The Bond Buyer’s podcast to discuss the municipal market’s performance, the impact of rising yields and inflation, and the evolving role of ETFs and separately managed accounts as the market braces for record supply in 2025.

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.

Munis are starting 2025 "well situated to distribute what could be a record new-issue calendar," particularly if Republicans threaten the tax exemption, said Matt Fabian, a partner at Municipal Market Analytics.

The people have voted. What next? Follow The Bond Buyer's coverage of developments after Election Day.

The Oklahoma Turnpike Authority could be back in the municipal bond market late this month with a $1.3 billion deal to continue financing for a controversial expansion project and to refund outstanding debt. The bonds would be priced through bookrunner Goldman Sachs the week of Jan. 27, subject to market conditions, according to a voluntary notice posted on the Municipal Securities Rulemaking Board's EMMA disclosure website.?

Sign up here to receive The Bond Buyer's complete newsletter — delivered to your inbox daily.