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Harvard University recently issued $750 million of taxable corporate CUSIPs, joining other prestigious universities in tapping into the municipal bond market to meet their capital needs. The university also plans to issue $817.2 million of tax-exempt revenue bonds in April. Despite recent challenges and changes in leadership, S&P Global Ratings affirmed Harvard's AAA rating, citing the university's strong financial resources. Princeton University also recently issued $1.47 billion of revenue bonds for capital projects and refinancing. The issuance by these top-tier universities is seen as a positive sign and may prompt other institutions to enter the market. [Extracted from the article]

Tuesday's deals all enjoyed strong tightening with issuance likely to resume on Thursday [ABSTRACT FROM AUTHOR]

(Bloomberg) -- Issuance of new asset-backed securities reached the highest weekly total since at least 2016 as lenders and borrowers returned from summer holidays ready to seize on sanguine markets. Sales of asset-backed securities often follow similar issuance patterns but can take longer to price. [Extracted from the article]

◆ 'Rare beast' of a spread drives demand ◆ Deal increased as order book swelled ◆ Cross-currency basis has kept issuance at bay [ABSTRACT FROM AUTHOR]

Municipal bonds (munis) remained stable on Monday despite a large new-issue calendar, while U.S. Treasuries weakened and equities had mixed results. Demand for munis has been strong in recent weeks, leading to higher valuations compared to Treasuries. Issuers have increased their debt sales, with issuance surpassing $70 billion year-to-date. Despite reduced reinvestment cash and unattractive valuations, robust fund flows and high cash balances have kept muni investors engaged. This week's $9.1 billion of issuance may help reduce excess, but the muni market is unlikely to cheapen in the near term unless there is a sudden jump in interest rates. [Extracted from the article]

Robust primary supply, currency diversification and a shifting product mix are among the key Crédit Agricole CIB forecasts for European bank issuance next year. [ABSTRACT FROM AUTHOR]

◆ ECB repayments to influence banks' covered and SP issuance ◆ But TLTRO repayments less important than this year ◆ Large prefunding could mean lighter January supply [ABSTRACT FROM AUTHOR]

The article offers news briefs related to trials of different corporations for bankruptcy as of October 10, 2017. Topics discussed include introduction of stipulation by 21st Century Oncology Holdings in the U.S. Bankruptcy Court in an accordance in debtor in possession (DIP) financing; claim of the CGG Holding for the Chapter 11 Plan in the Court along with Disclosure Statement; and an approval of the court for an issuance of promissory notes by China Fishery Group.

The article presents information on the proposed amendment regarding the issuance of driver's license (DL) or temporary visitor's driver's license (TVDL) in Illinois under the mandate of the Secretary of States, which reduces from two to one the number of documents to be presented by the applicant. These include identification cards for the homeless, classification standards, and safe driver license renewal.

◆ Issuer attracts €3.6bn book with just 5bp NIP ◆ Despite challenging backdrop and frequency of issuance, BFCM achieves 'solid' outcome ◆ Eight year tenor meets bid for duration [ABSTRACT FROM AUTHOR]

The article focuses on public defenders of New York City and mentions various problems related to free legal services they provide to indigent criminal defendants. Topics discussed include issuance of mandatory permanent injunction to increase fees of public defenders, establishment of an independent defender office in New York City under Kaye's Commission, and criminal defendant Kimberly Hurrell-Harring who was charged for carrying marijuana inside the jail for her husband.

Speculators in carbon offsets are being blacklisted by some sellers in the market. Sellers are applying restrictions on how offsets are used, such as excluding the oil and gas sector and preventing speculation or financial trading. This trend of limiting supply in the global carbon offsets market is forcing traders to take note. Some governments are also reviewing laws to stop companies from exporting credits and to ensure they receive a fair share of the proceeds. Carbon Tanzania, a social enterprise, is one of the sellers turning away buyers that don't meet their criteria, which include using offsets for emissions compensation and having a public, science-based emissions reduction target. The lack of clear rules in the market has led to skepticism and the poor quality of many offsets being traded. The carbon offsets market quadrupled in size in 2021, but issuances are down this year. The secondary market of speculatory investors was about 2-3 times larger than the primary market in 2021. Without clearer regulatory guidelines, suppliers will struggle to maintain the highest standards. [Extracted from the article]

For those obsessed with The Ratio, a gauge of relative value, the 10-year muni began the year yielding an almost unimaginable 69.5% of comparable-maturity Treasuries, and is now a still weird, and very expensive, 75%. Issuers have borrowed for everything this month, encompassing the full suite of stuff for which munis are sold, including charter schools, hotels, apartment complexes and retirement communities. [Extracted from the article]

The Fed on Thursday solicited feedback through a 35-page discussion paper on a government-backed coin, known as a central bank digital currency or CBDC. Keywords: %USD; ALLTOP; ASIA; BNK; BON; BUSINESS; CHINA; COS; FIN; FRX; GLOBALMACR; GOV; INDUSTRIES; MARKETS; NORTHAM; TEC; TECSVC; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPEU EN %USD ALLTOP ASIA BNK BON BUSINESS CHINA COS FIN FRX GLOBALMACR GOV INDUSTRIES MARKETS NORTHAM TEC TECSVC TOP US WORLD WWTOP WWTOPAM WWTOPEU The Federal Reserve took a key step toward the possible issuance of a U.S. digital currency, a move that the central bank said could dramatically alter the American financial system. R60WDEDWLU7E (Bloomberg) -- The Federal Reserve took a key step toward the possible issuance of a U.S. digital currency, a move that the central bank said could dramatically alter the American financial system. [Extracted from the article]

R0ZEX2DWLU6D (Bloomberg) -- The Federal Reserve took a key step toward the possible issuance of a U.S. digital currency, a move that the central bank said could dramatically alter the American financial system. Keywords: %USD; ALLTOP; BNK; BON; BUSINESS; COS; FIN; FRX; GLOBALMACR; GOV; INDUSTRIES; MARKETS; NORTHAM; TEC; TECSVC; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPEU EN %USD ALLTOP BNK BON BUSINESS COS FIN FRX GLOBALMACR GOV INDUSTRIES MARKETS NORTHAM TEC TECSVC TOP US WORLD WWTOP WWTOPAM WWTOPEU The Federal Reserve took a key step toward the possible issuance of a U.S. digital currency, a move that the central bank said could dramatically alter the American financial system. %USD, ALLTOP, BNK, BON, BUSINESS, COS, FIN, FRX, GLOBALMACR, GOV, INDUSTRIES, MARKETS, NORTHAM, TEC, TECSVC, TOP, US, WORLD, WWTOP, WWTOPAM, WWTOPEU. [Extracted from the article]

The article discusses about the CMBS issuance market. Topics of discussion include CMBS industry is taking a moment to celebrate a major milestone despite a short disruption due to pandemic. The lenders expect originations across capital sources to increase while CMBS issuance, including conduit, single asset single borrower and CRE-CLO could rise even higher.

The article presents the importance of driving licence. Topics include useful and practical form of identification which being the first and foremost necessary for the operation of the vehicle; and containing several statistics such as driving classification, license number, date of birth, the issuance, and expiration dates.

(Bloomberg) -- Angola will tap international bond markets to help finance its budget for this year and 2020 and is working with banks to gauge the appetite for issuance. The IMF approved a $3.7 billion loan program for Angola in December. [Extracted from the article]

This the Hong Kong reinsurer's first cat bond. [ABSTRACT FROM AUTHOR]

The Bermuda transformer placed a total of $402.2mn of cover last year. [ABSTRACT FROM AUTHOR]

Micron Announces Offering of Senior Notes - Micron Technology, Inc. [ABSTRACT FROM AUTHOR]

Light, the fifth largest energy distributor in Brazil, issued $600m of five year bonds on Tuesday to wrap up a hectic period of LatAm high yield issuance. But the primary market is likely to take at least a one day pause as recent issues trade softly and the US Federal Open Market Committee (FOMC) concludes a two day meeting on Wednesday. [ABSTRACT FROM AUTHOR]

The private-label card issuer has expanded into co-branded Mastercard accounts with several retailers, which have higher payment rates and fewer delinquencies than cards exclusive to partnering store chains. [ABSTRACT FROM AUTHOR]

Santander has commonly offered multicurrency (dollar and pound-sterling) notes through its Holmes master trust platform. [ABSTRACT FROM AUTHOR]

Traders say the CLO market is suffering from new issuance fatigue, while worries over inflation and rising Treasury yields have also begun feeding into the European secondary market. But any softness is unlikely to last long, given a strong longer term technical backdrop. [ABSTRACT FROM AUTHOR]

The growth in securitizations in the esoteric asset class has drawn in more investors seeking long-duration high yield; that, in turn, is spawning more deals from new issuers filling the demand. [ABSTRACT FROM AUTHOR]

The upstart firm, owned by private equity firm Eldridge Industries, is issuing its third deal since June; the $1.3 billion offering brings its total issuance for the year to over $4 billion. [ABSTRACT FROM AUTHOR]

Issuance volume of asset-backed securities for the year through May 26, 2017. [ABSTRACT FROM AUTHOR]

Issuance of U.S. collateralized loan obligations climbed to $8.4 billion, according to Thomson Reuters LPC. This brought volume for the first 10 months of the year to $54.5 billion, down from $86.6 billion in the same period last year. [ABSTRACT FROM AUTHOR]