More issuers are missing bond payments and deadlines for filing annual financials; the Roman Catholic Church of the Archdiocese of New Orleans filed for bankruptcy partially blaming COVID-19, affecting $41 million of bonds.
One of the nation’s largest transportation borrowers issued its first bond disclosure about the fiscal impacts from the COVID-19 pandemic.
Due to the coronavirus, a plant in Indiana may not be able to make its bond payments.
Stay-at-home orders and school closures driven by COVID-19 have cut traffic in half or more on many toll roads and bridges.
So far there have been over 200 COVID-19-related disclosures, according to Diver by Lumesis, a financial technology company.
The SEC answered questions regarding COVID-19 disclosure in a webinar Thursday and said there would not be relief for issuers' late annual financial filings.
The commonwealth plans a $268 million GO sale two days after Gov. Charlie Baker declared a state of emergency.
Richard Li, a pubic debt specialist for the city of Milwaukee, compared disclosing COVID-19 to disclosing a hurricane hitting localities on the Atlantic coast.
The Metropolitan Pier and Exposition Authority updated its latest offering statement to warn of the risk posed to its bottom line as did two systems with upcoming deals.