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Stock impact report

D.C. airport bonds to lead holiday week in U.S. muni market [Reuters]

Barclays PLC (BCS) 
Company Research Source: Reuters
D.C. airport bonds to lead holiday week in U.S. muni market | Reuters 3 Min Read May 25 (Reuters) - Washington, D.C.’s airports authority will lead a holiday-shortened week in the U.S. municipal bond market, issuing $578 million in refunding bonds as it forges on with capital projects at the region’s two main airports. City and state government agencies will borrow $3.41 billion in bonds and another $464 million in notes next week, with markets closed on Monday for Memorial Day. Municipal bond issuance has been slow this year as a result of U.S. President Donald Trump’s tax overhaul. The Metropolitan Washington Airports Authority manages Reagan National Airport and Dulles International Airport, which cover a total of nearly 13,000 acres in northern Virginia. The bonds, underwritten by Barclays, will help fund a new regional airline concourse and parking garage at Reagan, and infrastructure improvements at Dulles, according to bond documents. The South Carolina Ports Authority will iss Show less Read more
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