Core Insights - United Airlines is attempting to raise approximately $522 million in the municipal bond market to fund various airport projects and refinancing efforts [1][2] - The deal faced challenges, with only the refinancing portion being completed due to insufficient investor demand for the catering services and ground services facility bonds, which were shelved [2][3] - United Airlines aims to proceed with the shelved projects next year, with potential for the deal to return to the bond market depending on market conditions, particularly interest rates set by the Federal Reserve [4][5] Industry Overview - The municipal bond market has seen a record amount of issuance this year, with high yield airline bonds outperforming the general index [6] - Airport bond issuance has significantly increased, driven by numerous infrastructure projects across the country as airports undergo renovations [6][7] - The expectation is for continued strong issuance in the municipal bond sector over the next year, reflecting ongoing investment in airport infrastructure [7]

Harvard University’s ongoing clash with the Trump administration has sparked a flurry of trading activity in the municipal bond market for its tax-exempt debt https://t.co/voYSFzsiCH ...