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Muni Bond Offerings This Week: NJ Economic Development Authority
September 2017      Muni Market   
Muni Bond Offerings This Week: NJ Economic Development Authority & Pennsylvania Higher Education Facilities Authority

Mischler Muni Market Market Update for the holiday-shortened week of 09-05-17 looks back to last week’s metrics and provides a focused lens on pending muni bond offerings scheduled for this week. The entire team at Mischler Financial Group extends heartfelt prayers and thoughts to the tens of thousands of Texans who are impacted by Hurricane Harvey and to those in Florida who may be in harm’s way of Hurricane Irma. As always, the Mischler Muni Market Outlook offers public finance investment managers, institutional investors focused on municipal debt and municipal bond market participants a summary of the prior week’s municipal debt activity, including credit spreads and money flows, and a curated view of pending municipal finance offerings tentatively scheduled for this week’s issuance.

Last week muni volume was about $7.0 billion. This holiday shortened week volume is expected to be $3.9 billion. The negotiated market is led by $595.7 million tax-exempt and taxable Subordinate Motor Vehicle Surcharge bonds for New Jersey Economic Development Authority. The competitive market has only one issuer selling more than $100 million; $128.8 million for Pennsylvania Higher Educational Facilities Authority in 3 bids on Wednesday.

Below and attached is neither a recommendation or offer to purchase or sell securities. Mischler Financial Group is not a Municipal Advisor. For additional information, please contact Managing Director Richard Tilghman at 203.276.6656

For reading ease, please click on image below muni-debt-deals-scheduled

Minority broker-dealer Mischler Financial Group Inc., the oldest diversity firm owned and operated by Service-Disabled Veterans is widely-known for our presence across the primary Primary Debt Capital Markets (DCM) space. Since 2014 alone, Mischler Financial has led, co-managed and/or served as selling group member for more than $600 Billion (notional value) in new debt underwriting and issuance of preferred shares by Fortune corporations, as well as debt issued by various municipalities and US Government agencies.

Mischler Financial Group is the securities industry’s oldest minority broker-dealer owned and operated by Service-Disabled Veterans. Mischler is also a federally-certified Service-Disabled Veteran Owned Business Enterprise (SDVOBE).  Mischler Muni Market updates are provided as a courtesy to institutional clients of Mischler Financial Group, Inc.

This document may be not reproduced in any manner without the permission of Mischler Financial Group. Although the statements of fact have been obtained from and are based upon sources Mischler Financial Group believes reliable, we do not guarantee their accuracy, and any such information may be incomplete.  All opinions and estimates included in this report are subject to change without notice.  This report is for informational purposes and is not intended as an offer or solicitation with respect to the purchase or sale of any security.   Veteran-owned broker-dealer Mischler Financial Group, its affiliates and their respective officers, directors, partners and employees, including persons involved in the preparation of this report, may from time to time maintain a long or short position in, or purchase or sell a position in, hold or act as market-makers or advisors or brokers in relation to the securities (or related securities, financial products, options, warrants, rights, or derivatives), of companies mentioned in this report or be represented on the board of such companies. Neither Mischler Financial Group nor any officer or employee of Mischler Financial Group or any affiliate thereof accepts any liability whatsoever for any direct, indirect or consequential damages or losses arising from any use of this report or its contents.

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