The Manhattan district of office towers and luxury apartments is paying down its tab with New York City taxpayers.
The bank didn't report amortizable bond premium on forms clients use to prepare tax returns.
Nuveen is accused of using its market power to strong-arm a smaller muni bond rival, Preston Hollow.
The hedge fund manager and New York Mets owner is refinancing $540 million of debt issued to fund Citi Field's construction more than a decade ago.
The coronavirus has made the senior-living industry the riskiest segment of the $3.9 trillion municipal-bond market.
But if there is a clear winner, Citi believes bonds will sell off and stocks will rise.
Property taxes have traditionally been a stable and predictable source of revenue for local governments.
State tax revenues in some parts of the U.S. are rebounding as the economy emerges from the coronavirus lockdown.
The pension contribution cuts are setbacks for states that enacted reforms in the aftermath of the Great Recession.
Insurers can get bigger yields on munis even though they have higher ratings and much lower default rates.
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