Arvelisse Bonilla Ramos

New York, Puerto Rico, Queens

Reporter at Bloomberg News

Reporter @business | 🇵🇷 | @newmarkjschool alum ‘23 | Previously @adage @elnuevodia | @NAHJ

Articles

Chicago boosts bond sale to $698 million with high yield at 5.6%

1 day ago | chicagobusiness.com | Arvelisse Bonilla Ramos

Chicago sold $698 million of general obligation bonds Wednesday with tax-exempt securities priced to yield as much as 5.6%. Coupons on the bonds ranged from 5% to 6%, according to data compiled by Bloomberg. “The coupons are attractive, the yields are attractive,” said Dennis Derby, a portfolio manager for Allspring Global Investments, in an interview Wednesday before the pricing was final.
Chicago Boosts Bond Sale to $698 Million With High Yield at 5.6%

2 days ago | bloomberg.com | Arvelisse Bonilla Ramos

(Bloomberg) -- Chicago sold $698 million of general obligation bonds Wednesday with tax-exempt securities priced to yield as much as 5.6%. Coupons on the bonds ranged from 5% to 6%, according to data compiled by Bloomberg. “The coupons are attractive, the yields are attractive,” said Dennis Derby, a portfolio manager for Allspring Global Investments, in an interview Wednesday before the pricing was final.
Palm Beach Housing Crunch Spurs $236 Million Muni Deal for Dorms

3 days ago | news.bloomberglaw.com | Arvelisse Bonilla Ramos

Student housing is so tight at Palm Beach Atlantic University that some applicants have chosen not to enroll. A $235.8 million high-yield bond deal is the school’s bet to reverse that trend. Palm Beach County will issue the muni bonds on behalf of an arm of Provident Resources Group, an organization that specializes in student housing. Proceeds of the debt will finance the construction of roughly 275 housing units with 990 beds at the Christian college in West Palm Beach, Florida.
Palm Beach Housing Crunch Spurs $236 Million Muni Deal for Dorms

3 days ago | bloomberg.com | Arvelisse Bonilla Ramos

A rendering of a residential building to be built at Palm Beach Atlantic University. (Bloomberg) -- Student housing is so tight at Palm Beach Atlantic University that some applicants have chosen not to enroll. A $235.8 million high-yield bond deal is the school’s bet to reverse that trend. Palm Beach County will issue the muni bonds on behalf of an arm of Provident Resources Group, an organization that specializes in student housing.
Emory Floats $1 Billion Bond Sale for Campus, Hospital Projects

1 week ago | news.bloombergtax.com | Arvelisse Bonilla Ramos |Aashna Shah

Emory University is considering borrowing more than $1 billion of municipal debt to finance projects for its campus and hospital system. The bond sale for the Atlanta-based private institution is expected in mid-June and will be managed by an underwriting group led by RBC Capital Markets, according to a securities filing that outlined the potential borrowing plan.
Emory Floats $1 Billion Bond Sale for Campus, Hospital Projects

1 week ago | bloomberg.com | Arvelisse Bonilla Ramos |Aashna Shah

Emory University Hospital in Atlanta, Georgia. (Bloomberg) -- Emory University is considering borrowing more than $1 billion of municipal debt to finance projects for its campus and hospital system. The bond sale for the Atlanta-based private institution is expected in mid-June and will be managed by an underwriting group led by RBC Capital Markets, according to a securities filing that outlined the potential borrowing plan.
Illinois Cuts Revenue Outlook on Economic, Federal-Funding Woes

3 weeks ago | news.bloomberglaw.com | Arvelisse Bonilla Ramos

Illinois slashed its revenue forecast for the coming fiscal year by about $500 million, citing questions around the economic outlook and policies of President Donald Trump that could reduce federal funding. In a report this week, the governor’s Office of Management and Budget said it expects $54.9 billion in revenue in the 2026 fiscal year starting July 1, some 1% below the roughly $55.5 billion forecast in the spending plan submitted in February.
Maryland’s Credit Rating Gets Downgraded as Governor Blames Trump

3 weeks ago | bloomberg.com | Arvelisse Bonilla Ramos

Maryland Governor Wes Moore(Bloomberg) -- Maryland had its credit rating downgraded one level to Aa1 from Aaa by Moody’s Ratings because of its exposure to shifting federal policies, according to a Wednesday report. The state’s financial performance has lagged top-rated peers, a trend that is expected to continue because of Maryland’s susceptibility to changes in federal policies and employment, analysts at Moody’s said in a statement.
Illinois Cuts Revenue Outlook on Economic, Federal-Funding Woes

3 weeks ago | bloomberg.com | Arvelisse Bonilla Ramos

The downtown skyline behind railroad tracks in Chicago, Illinois, US, on Sunday, May 26, 2024. The Bureau of Economic Analysis is scheduled to release personal consumption figures on May 31. Photographer: Jamie Kelter Davis/Bloomberg(Bloomberg) -- Illinois slashed its revenue forecast for the coming fiscal year by about $500 million, citing questions around the economic outlook and policies of President Donald Trump that could reduce federal funding.
Illinois Cuts Revenue Outlook on Economic, Federal-Funding Woes

3 weeks ago | news.bloombergtax.com | Arvelisse Bonilla Ramos

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