Latest Updates: Related to Inflation

Bloomberg: Build America Bonds, Advance Refundings Revived by House Panel

09/13/2021

"Tom Kozlik, head of municipal strategy and credit at Hilltop Securities in Dallas, Texas, said he thought the tax-credit versus direct payment represented 'an important drawback' to the program and that it would depress issuance.

'There is a gross-up provision that tries to make the strategy sequestration-proof,' he said in an email. 'There will be many issuers out there who felt burned by sequestration-related subsidy cuts last time and may not even consider this taxable financing option without overwhelmingly attractive subsidy rates.'"

 

Read the full article

Learn More From HilltopSecurities

The Bond Buyer Leaders Forum: Politics, Public Finance and Infrastructure

The Bond Buyer: First glance: Ida hit Louisiana hard, but not at Katrina level

Thank you for visiting the HilltopSecurities website.
For best viewing experience, we recommend using Chrome, Firefox, Safari, or Microsoft Edge.