Municipal Debt New Issue Outlook Week of 04-23-18: Muni Market Deals on the Tarmac- New York Transportation Development Corp. (Delta Air facilities at LGA), GO Bonds from Mass and IL….Mischler Muni Market Update looks back to last week’s new issue and muni bond fund flow metrics and provides a focused lens on municipal debt new issuance scheduled for this week. As always, the Mischler Muni Market Outlook provides public finance investment managers, institutional investors focused on municipal debt and muni bond market participants with a summary of the prior week’s municipal bond market activity, including credit spreads and money flows, and a look at pending municipal finance offerings tentatively scheduled for the most current week.
Last week muni volume was about $6.9 billion. This week volume is expected to be about $7.8 billion. The negotiated market is led by $1.4 billion bonds for Delta Airlines LaGuardia Facilities issued by New York Transportation Development Corporation. The competitive market is led by a pair of $500.0 million general obligation financings for the Commonwealth of Massachusetts (Tuesday) and the State of Illinois (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
During Q1 2018, and full years 2017 and 2016 alone, minority broker-dealer Mischler Financial Group Inc. underwriting roles (for which MFG has led, co-managed and/or served as selling group member) have included more than $625 Billion (notional value) in new debt and preferred shares issued 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 and Municipal Debt New Issuance outlooks are provided as a courtesy to institutional clients of Mischler Financial Group, Inc.
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