Bonds

The private operator of Puerto Rico’s electric transmission and distribution systems has been plagued by outages and protests since it took over June 1, culminating in a 900,000-customer outage Thursday. LUMA Energy’s takeover of these systems is a central part of the Puerto Rico Oversight Board’s plans to transform the Puerto Rico Electric Power Authority
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As the market for ESG-certified bonds grows, Oregon-based Kestrel Verifiers is growing along with it. The eight-person women-owned firm has added two new employees this year and gained marquee clients like Stanford University, the American Museum of Natural History in New York City and the cities of Boston and Seattle, the latter a joint project
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Municipal bonds rallied Wednesday as triple-A benchmark yields fell as much as five basis points out long but bumps were seen across the curve, moving levels on high-grades below 1% on bonds maturing inside 14 years, while another round of billion-plus inflows were reported. The Investment Company Institute reported $1.089 billion of inflows into municipal
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Puerto Rico Gov. Pedro Pierluisi signed a bill Wednesday rejecting any pension cuts and undoing pension reforms enacted in 2017, despite these cuts and adjustments being part of the proposed plan of adjustment and approved fiscal plan. “The public pensioners dedicated years of their lives to the service of our people and were the engine
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To no one’s surprise, the rationale behind Tuesday’s shuffling of the deck chairs at New York’s Metropolitan Transportation Authority extends 150 miles north, to the state capitol in Albany. The leadership shifts for Patrick Foye, Sarah Feinberg and Janno Lieber all bear the stamp of Gov. Andrew Cuomo and his vision for the state-run MTA
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Retail orders will begin Wednesday for Massachusetts’ $720 million tax-exempt, negotiated issuance of Commonwealth Transportation Fund bonds in three tranches. They include a $168 million sustainability component to help fund the $2.3 billion Massachusetts Bay Transportation Authority’s Green Line light rail extension — the so-called GLX project, which is 80% complete with service scheduled to
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House Democrats have introduced a five-year $547 billion surface transportation reauthorization bill that the committee will consider next week. House Transportation and Infrastructure Committee Chair Peter DeFazio, D-Ore. unveiled their INVEST in America Act Friday. The bill would provide federal funding for roads, bridges, mass transit, and rail infrastructure which is important for many issuers
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