Martin Z. Braun

Munich

Reporter at Bloomberg Businessweek

None at Bloomberg News

I cover municipal bonds and public finance @business.

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Articles

Muni Bonds for Cow Manure-to-Natural Gas Project Default

4 days ago | news.bloomberglaw.com | Martin Z. Braun

About $40 million of municipal bonds issued to build a cow manure-to-natural gas facility on a Wisconsin farm defaulted after it missed June 1 principal payment. The tax-exempt green bonds were sold by the town of Gillett, Wisconsin in late 2021 to finance a biogas facility on behalf of Aerogy LLC, a portfolio company of Macquarie Capital. Aerogy built the facility at Zahn’s Farms dairy, according to a Macquarie news release.
NYC Bitcoin-Bond Idea Squashed by Lander as ‘Irresponsible’

1 week ago | bloomberg.com | Teresa Xie |Martin Z. Braun

New York City Comptroller Brad Lander in New York. (Bloomberg) -- New York City Comptroller Brad Lander poured cold water on Mayor Eric Adams’s proposal to issue municipal bonds backed by Bitcoin. Lander, who shares responsibility for debt issuance with the Mayor’s Office of Management and Budget, said the largest US city won’t be issuing Bitcoin-backed bonds while he’s in office. Lander, a Democrat, is also a candidate to succeed Adams in November’s mayoral election.
NJ’s American Dream Mall Sees Value Drop by $800 Million (2)

1 week ago | news.bloomberglaw.com | Martin Z. Braun

The value of the American Dream mega mall and entertainment complex in New Jersey’s Meadowlands plummeted by nearly 25% — a warning sign to municipal bondholders whose debt payments are tied to how much the property is worth.
NJ’s American Dream Mall Sees Value Drop by $800 Million (2)

1 week ago | news.bloombergtax.com | Martin Z. Braun

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NJ’s American Dream Mall Sees Value Drop by $800 Million

1 week ago | ca.finance.yahoo.com | Martin Z. Braun

(Bloomberg) -- The value of the American Dream mega mall and entertainment complex in New Jersey’s Meadowlands plummeted by $800 million — a blow to municipal bondholders whose debt is backed by payments in lieu of property taxes.
NJ’s American Dream Mall Sees Value Drop by $800 Million

1 week ago | bloomberg.com | Martin Z. Braun

The American Dream complex in East Rutherford, New Jersey. (Bloomberg) -- The value of the American Dream mega mall and entertainment complex in New Jersey’s Meadowlands plummeted by $800 million — a blow to municipal bondholders whose debt is backed by payments in lieu of property taxes.
Blackstone Buys $5 Billion in PE From New York City Pensions (1)

1 week ago | news.bloombergtax.com | Marion Halftermeyer |Martin Z. Braun

Blackstone Inc. agreed to buy $5 billion of private equity holdings from the New York City pension system, one of the largest sales of its kind. The transaction, which represented 450 individual commitments in 125 funds from 75 different managers, is for “portfolio strategic realignment” purposes, according to a statement from the New York City Comptroller’s office, not liquidity needs.
Blackstone Buys $5 Billion in PE From New York City Pensions (1)

1 week ago | news.bloomberglaw.com | Marion Halftermeyer |Martin Z. Braun

Blackstone Inc. agreed to buy $5 billion of private equity holdings from the New York City pension system, one of the largest sales of its kind. The transaction, which represented 450 individual commitments in 125 funds from 75 different managers, is for “portfolio strategic realignment” purposes, according to a statement from the New York City Comptroller’s office, not liquidity needs.
Blackstone Buys $5 Billion in Private Equity Stakes From New York Pensions

1 week ago | bloomberg.com | Marion Halftermeyer |Martin Z. Braun

The Blackstone headquarters in New York. (Bloomberg) -- Blackstone Inc. agreed to buy $5 billion of private equity holdings from the New York City pension system, one of the largest sales of its kind. The transaction, which represented 450 individual commitments in 125 funds from 75 different managers, is for “portfolio strategic realignment” purposes, according to a statement from the New York City Comptroller’s office, not liquidity needs.
New York Pension Adds $2 Billion to Climate Index-Fund Stake

1 month ago | news.bloomberglaw.com | Martin Z. Braun

The New York State Common Retirement Fund is boosting its investment in an equity index focused on reducing the risks of climate change and accelerating the transition to cleaner energy. The $273.4 billion pension fund, the third-largest in the US, is committing another $2 billion to the FTSE Russell TPI Climate Transition Index fund as part of a goal of having a net-zero greenhouse-gas emissions portfolio by 2040, comptroller Thomas DiNapoli said in a news release.