California
Large new-issues price into strong market as yields fall
California and Washington sold four large refunding GO deals in the competitive market while several deals of size priced in the negotiated market led by a $650 million for Arizona’s Salt River Project. A constructive secondary led yields to fall three to five basis points.
Read MoreSeptember sees first month of YOY supply growth
September’s total volume ticked up 1.2% to $27.585 billion in 531 issues from $27.251 billion in 592 issues a year earlier. However, the month’s total is lower than the $30.652 billion 10-year average, according to Refinitiv data.
Read MoreLos Angeles airport chief quits to take job in Saudi Arabia
When Los Angeles World Airports CEO Justin Erbacci steps down next month, Beatrice Hsu will step up as interim CEO.
Read MoreAnaheim tries to turn the page on corruption scandal, pandemic
Former Mayor Harry Sidhu pleaded guilty to federal corruption charges this month, as the city continues to recover from the year-plus closure of Disneyland.
Read MoreAsbury named to head Imperial Irrigation District
The board named Jamie Asbury, the district’s energy manager, to the top slot after an eight-month search.
Read MoreIllinois variable-rate debt conspiracy case moves toward summer trial
The Illinois case is part of several state-level lawsuits brought by Minnesota-based municipal advisor Johan Rosenberg, accusing banks of conspiring to set the interest rates of state-issued VRDOs artificially high.
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