TITLE

Munis Flat to Firmer as AMP Deals BABs

AUTHOR(S)
Scarchilli, Michael
PUB. DATE
October 2009
SOURCE
Investment Dealers' Digest;10/2/2009, Vol. 75 Issue 37, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the municipal market has become firmer due to the move of American Municipal Power Inc. (AMP) to deal 386.6 million dollars worth of Build America Bonds in the U.S. It mentions that the bonds were ascertained to yield between 190 and 250 basis points over the comparable Treasury yield and considered to have a make-whole call of plus 30 basis points. It affirms that Merrill Lynch & Co. has sold the bond to AMP at 470.7 million dollars.
ACCESSION #
44751320

 

Related Articles

  • The Benchmark Causing Headaches for High Yield Investors. Reeve, Nick // AiCIO News;2015, p1 

    The article reports on problems faced by high yield fixed income investors due to the indexes being launched by Bank of America Merrill Lynch (BoAML). Topics discussed include the views of Andrew Wilmont, high yield portfolio manager at investment manager Neuberger Berman, on the new indexes...

  • Colonial Properties Makes Tender Offer. Sheahan, Matthew // High Yield Report;8/10/2009, Vol. 20 Issue 32, p25 

    The article discusses the cash tender offer of Colonial Properties Trust for four tranches of high yield bonds. It mentions that the company's repurchase will not go beyond 125 million U.S. dollars despite the bonds' representation of more than 718 million U.S. dollars in outstanding debt. The...

  • Muni Market Looks Ahead to Next Week's Deals. Barnett, Chip // Bond Buyer;8/17/2015, Vol. 1 Issue 34361, p1 

    Municipal bond traders will be looking ahead to next week's new issue slate, which is headlined by the Puerto Rico Aqueduct and Sewer Authority's $750 million sale of senior lien revenue bonds.

  • Munis Weaken Further; NJ. TTFA Upsizes Sale. Herman, Jack; Phillips, Ted // Bond Buyer;5/28/2009, Vol. 368 Issue 33122, p2 

    The article reports on the impact of the economic slowdown to the performance of the New Jersey Transportation Trust Fund Authority (TTFA). It is stated the agency appeared to the market with an upsize $412.7 million offering, with taxable Build America Bonds (BABs), amidst the tight market...

  • Investors fled bonds ahead of US rate rise decision. Suter, Laura // Money Marketing (Online Edition);9/18/2015, p8 

    The article reports on data from Bank of America Merrill Lynch as of September 2015 that reveals the flight of investors from bonds into equities ahead of the expected U.S. Federal Open Market Committee rate rise that failed to materialize. Topics include the total value of equity inflows among...

  • B of A Merrill Runs Deals Neck And Neck With Citi. Seymour, Dan // Investment Dealers' Digest;10/2/2009, Vol. 75 Issue 37, p11 

    The article discusses the tight competition between Bank of America Merrill Lynch and Citigroup Inc. in the race to become the leading municipal bond underwriter for 2009 in the U.S. It mentions that Bank of America has beaten Citi as the top insurance firm for the third quarter, gaining 14.52...

  • Munis Slightly Firmer Amid Few New Issues. SCARCHILLI, MICHAEL // Bond Buyer;7/1/2009, Vol. 369 Issue 33141, p2 

    The article presents information related to the activities in the U.S. bond market. It is stated that the municipal bond market has ended the last trading session with a firm gain. The treasury markets registered some loss and the Pennsylvania Higher Educational Facilities Authority...

  • Market Pauses for Veterans.  // Bondbuyer.com;11/11/2015, p3 

    The article mentions that the primary bond market was full of action before Veterans day, with JPMorgan pricing the Central Texas Regional Mobility and Kershaw County, and Bank of America Merrill Lynch (BAML) pricing the Miami-Dade County School Board.

  • Munis End Flat; Los Angeles, Mass. Sell Deals. Barnett, Chip // Bondbuyer.com;6/24/2015, p24 

    The article presents updates on the bond market as of June 2015. Traders noted that prices of top-quality municipal bonds have remained unchanged. Investing banking firm Stifel has priced the city of Los Angeles' tax and revenue anticipation notes (TRANS). The state of Massachusetts' general...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics