KBRA views the legal framework of Sales Tax Revenue Bonds
structure, the deep and diverse economic base supporting retail activity and the strong MADS coverage as critical factors supporting bondholder security.
--$43 million tourism, recreation, cultural, and convention (TRCC) sales tax revenue bonds
, series 2017;
5 June 2013 -- German financial services firm Deutsch bank's Deutsche Asset & Wealth Management unit said it has launched the db X-trackers Municipal Infrastructure Revenue Bond
Fund (NYSE Ticker: RVNU) and the db X-trackers Regulated Utilities Fund (NYSE Ticker: UTLT).
Municipal infrastructure financings most commonly come to market in the form of revenue bond
have become more common in recent decades as resistance to property taxes has intensified and as local governments adopted the philosophy that users should finance facilities through fees.
Zions Bank, based in Salt Lake City, sought permission last April to underwrite revenue bonds
in an operating subsidiary under an OCC rule approved in November of 1996.
Their opposition might be overcome if the proposal were narrowly drawn: applying only to new revenue bonds
, and only for these specific kinds of infrastructure.
Today, we're focusing La Quinta's financial efforts on reducing the interest rates on some of our debt, particularly on the industrial revenue bonds
These are as follows:--$147 million utility revenue bonds
, series 2010, to 'A+' from 'A'; and --$18 million subordinate utility revenue bonds
, series 2010 to 'A' from 'A-'.
The series 2007 bonds consist of the following: USD195m airport system revenue bonds
series 2007A (AMT); USD25m airport system revenue bonds
series 2007B (Non-AMT); USD150m airport system revenue bonds
series 2007C (Non-AMT) (Market dependent revenue bonds
); USD188m airport system revenue bonds
series 2007D (AMT); USD49m airport system revenue bonds
series 2007E (Non-AMT).
The California Department of Water Resources initiated the largest municipal bond sale in history October 23 by selling $4.25 billion worth of floating-rate power purchase revenue bonds
. The DWR issued an additional $6.3 billion of tax-exempt, fixed-rate revenue bonds
and $710 million in taxable revenue bonds
during the first week of November.