Lee Deviney News Today

Taxable municipal issuance has decreased 40.9% year-over-year, but returns so far in 2023 are outperforming tax-exempts and high-yield.

The state House Appropriations Committee dropped $3.86 billion from a supplemental spending bill, but its chair said the money is "still in play."

The much-delayed $3.5 billion deal has an optional limited make-whole redemption if state lawmakers appropriate funds to defray costs for natural gas customers.

The taxable bonds, which finally received state approval, will be offered with maturities in 2033 and 2039.

The deal has until the end of Friday to clear the Texas Bond Review Board, whose members had no questions about the transaction when it was presented at a Thursday meeting.

UBS Group was the only bank that underwrites munis included in the state's list of financial companies determined to be boycotting energy businesses.

UBS' placement on the Texas comptroller's list of fossil fuel industry "boycotters" could jeopardize its role in a natural gas utility securitization bond sale.

The Texas Natural Gas Securitization Finance Corporation picked a team of underwriters to sell debt for utilities hit hard during 2021’s Winter Storm Uri.

A taxable bond issue will raise $3.4 billion for extraordinary costs incurred by natural gas utilities during deadly Winter Storm Uri that hit Texas in 2021.

(Bloomberg) -- Texas is seeking underwriters for a $3.4 billion bond deal to bail out natural gas utilities stung by huge financial losses after the deadly February 2021 winter storm.