Oklahoma City Issues $762.4M Revenue Bond to Fund New NBA Thunder Arena
Oklahoma City announced a $762.4 million revenue bond issuance to finance the construction of a new arena for the NBA’s Thunder, backed by projected sales‑tax and use‑tax revenue. The bonds, with serial maturities from 2029 to 2034, are underwritten by Goldman Sachs, BOK Financial Securities and Morgan Stanley. The arena is slated to open by the 2029‑30 season.
Hippo's Spinnaker Insurance Closes $100M Mountain Re 2026-1 Catastrophe Bond
Spinnaker Insurance Company, a wholly owned subsidiary of Hippo Holdings, completed a $100 million Mountain Re Ltd. Series 2026-1 catastrophe bond issuance, providing multi‑peril reinsurance coverage for a three‑year term. The bond was priced at the low end of guidance...
U.S. Treasury Raises $58B via 3-Year Note Auction at 3.965% Yield
The U.S. Treasury auctioned $58 billion of three‑year Treasury notes, achieving a high yield of 3.965% with a bid‑to‑cover ratio of 2.54×. The auction was graded D+ due to weaker demand relative to recent averages.
Mindspace REIT Raises $61M via 10‑Year Debenture Issue
Mindspace Business Parks REIT has completed a ₹500 crore (≈$61 million) 10‑year non‑convertible debenture issuance, fully subscribed by a leading Indian life insurer. The bonds carry a 7.63% annual coupon and AAA/Stable ratings from Crisil and ICRA. Proceeds will be used to...
Iowa Finance Authority Issues $279.1M Green Revenue Bonds
The Iowa Finance Authority issued $279.085 million of green state revolving‑fund revenue bonds, priced by BofA Securities. The issuance includes a $249.945 million first tranche of Series 2026A bonds and a $29.14 million second tranche of Series 2026B taxable bonds. The bonds were priced on...
New Hampshire to Issue $83M General‑Obligation Bond Sale
New Hampshire announced it will issue $83 million of general‑obligation bonds on Tuesday, comprising a $60 million Series 2026A and a $23.08 million Series 2026B. The bonds will be sold competitively with PRAG as municipal advisor and Troutman Pepper Locke as counsel.
Japan Bond Sale Sees Firm Demand as Traders Weigh Iran Situation
Japan’s finance ministry completed its latest bond auction, achieving a bid‑to‑cover ratio of 2.54, matching the 12‑month average. The sale, the final issuance of this tenor before the new fiscal year, attracted firm demand amid easing Middle East tensions. The...
Plymouth Rock Secures $100M Cat Bond From Tremont Re Series 2026-1
Plymouth Rock, a regional insurer, has secured $100 million in named storm reinsurance protection through its debut catastrophe bond, the Tremont Re Series 2026-1, priced about 16% below the mid‑point of initial guidance. The fully‑collateralized cat bond provides coverage over...
SMFG Issues World's First Digital Inclusion Bonds, Raising $500M
Japan's Sumitomo Mitsui Financial Group (SMFG) has issued $500 million of bonds billed as the world's first 'digital inclusion' bonds. The proceeds will fund infrastructure projects to improve internet connectivity in emerging markets, aiming to bridge the global digital divide....