Despite investor challenge, issuers may have legal backing in BAB refundings

Issuers that have refunded outstanding Build America Bonds or have plans to do so using an extraordinary redemption provision may have legal backing, regardless of whether bondholders are "unhappy" with the deals, according to the largest bond counsel in the industry.

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Registration is open for The Bond Buyer?Texas Public Finance conference?in Austin in April.

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Raymond James has scooped up 10 former Citi employees, including six senior bankers, in an expansion effort that establishes a public finance office in Seattle for the firm, creates a dedicated public power practice, grows its West Coast footprint and enhances the firm's housing finance group.

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Register for The Bond Buyer's new?Southeast Public Finance?conference coming May 6-7 in Hollywood, Florida.

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The U.S. Department of Transportation Monday released a long-awaited funding opportunity for states and cities interested in public-private partnerships for transportation projects under a first-of-its-kind program that's part of the Infrastructure Investment and Jobs Act.

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Read the newest?research from The Bond Buyer?detailing the public finance industry’s views of the risks and opportunities in 2024.

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Pittsburgh-based Robert Morris University saw its rating downgraded to Ba1 by Moody's Ratings last month, joining a wave of small colleges facing ratings pressure due to falling demand.

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Munis were steady Monday ahead of a large new-issue calendar, while U.S. Treasuries were weaker and equities ended mixed.