Municipal Issuer

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Municipal Issuer

A local, provincial or state government that issues a bond. Municipal issuers seek to raise capital for improvements in infrastructure or other aspects of the municipality. For example, a city or school district may issue a bond to build a new school or a new playground. Bonds from municipal issuers are exempt from federal income taxes and sometimes from state and local taxes as well. Risk varies with the issuer and the particular type of municipal bond.
References in periodicals archive ?
Several factors have driven the turn-around in new CUSIP request volume this month, including the start of the fourth quarter and a new fiscal year for municipal issuers," said Gerard Faulkner, Director of Operations for CUSIP Global Services.
According to Q3 2015 results Rosbank entered the TOP-5 lead managers of the market placements of corporate and municipal issuers as well as the TOP-5 underwriters in the Russian bond market, according to CBonds ranking.
It will likely increase borrowing costs for municipal issuers.
Wachovia Bank, a unit of Wells Fargo (NYSE: WFC), has reached a settlement with municipal issuers over antitrust charges of bid rigging in municipal investment, derivatives and other contracts.
It added that a mutual bond insurer sponsored by NLC would likely face fewer start-up risks, given its broad access to municipal issuers.
for this is "recognition of the fact that municipal issuers are
Ambac and its rivals lend their coveted triple-A ratings to municipal issuers, which helps lower the borrowing costs for local and state governments, schools and hospitals.
Many municipal issuers have had to borrow in order to fund projects.
However," he concluded, "the increased market efficiency derived from improved issuer disclosure would benefit not only investors by alerting them to potential problems earlier, but also municipal issuers and their taxpayers, who would have lower financing cost.
Understanding that bond structures can be complicated and vary considerably by the many municipal issuers, Heller has developed the expertise to structure around unique project or bond situations.
Interestingly enough, Arkansas municipal issuers still depend on the liquidity provided by our strong regional market.
In addition, they would curtail access to capital markets for small municipal issuers that rely on local dealer banks to underwriter their debe securities.

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