During this webinar, Bethany Pugh, Managing Director with PFM, Robert Novembre, CEO & Founder of Clarity Market Holdings, Lindsey Brannon, Head of Finance at Neighborly, and Gregg Bienstock, CEO & Co-Founder of Lumesis discussed how emerging...

Sidley Austin produced this excellent primer for entities interested in accessing the U.S. capital markets. This resource provides an overview of securities regulations and laws, the offering process, compliance obligations, exempt offerings, a...

Steven Maguire with Congressional Research Service provides information about state and local government debt as it relates to tax-exempt bonds.

This report from the Municipal Securities Rulemaking Board summarizes market activity and interest rate resets for ARS and VRDOs from 2009-early 2012.

The CDFA Bond Finance Resource Center is a one-stop hub for all of the resources, reports, headlines, and projects that CDFA collects and publishes related to bond finance. Find links to resource tags, market reports, original research, upcoming...

This presentation by Matthew Buscone discusses the ways in which a variety of changes to the municipal bond market have affected the actions of investors and the overall performance of the market.

This Advisory from Hawkins, Delafield & Wood LLP addresses the MSRB amendment to rule G-34(c) and the new market disclosure requirements. The changes affect dealers involved with municipal ARS and VRDOs.

The Advanced Bond Finance Reference Guide is written for professionals who already have an understanding of tax-exempt financing and seek detailed instruction on complex financing techniques, including the application of financial derivatives,...

This report from the Municipal Securities and Rulemaking Board summarizes trends and key interest rate information for ARS and VRDOs from early 2009 through May 2010

Nixon Peabody's newsletter addresses why many municipal issuers and 501(c)(3) and other conduit borrowers have sought to submit bids in auctions for their own Auction Rate Securities (ARSs). The following sets forth the guidelines when this type of...

Problems with the auction-rate securities market have dominated industry headlines for the last several months. With the erosion of the once commonly used, low-cost bond financing option, issuers have been looking for cost effective alternatives....

The recent turmoil in the public finance markets, particularly with respect to auction rate securities, has presented a number of new legal issues. These include questions pertaining to the federal tax and securities law implications of issuers'...

Jennifer Valenti's presentation discusses bond auctions and the auction process.

The Bond Market Association created The BMA Auction Rate Securities Indices in order to make available a series of market accepted indices for Auction Rate Securities for both debt and preferred securities. The BMA ARS Indices were developed based...

In May of 2006, The Bond Market Association (TBMA now know as SIFMA) issued best practices for broker dealers of auction rate securities, addressing issues that arise during auctions as well as any trading between auctions. The Best Practices cover...

This article discusses auction rate securities (ARS). There are two primary variable interest rate products in the municipal marketplace. These are ARS and variable rate demand obligation bonds (VRDO). Issuers need to understand how ARS work and...