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NTTA Named as Finalist for Financing Award The NTTA has been selected as the Southwest region’s large deal finalist for The Bond Buyer’s “Deal of the Year” award for its financing of the State Highway 121 project. As a result of its selection, the NTTA is a nominee for the “Deal of the Year,” to be announced Dec. 3 at a ceremony at the New York Academy of Sciences.
According to The Bond Buyer, the award recognizes “some of the country’s most innovative municipal bond issuers for transactions that financed projects including affordable housing, highways, schools, property tax relief, flood control, street improvements and an airport.”
The entries were evaluated through October by the paper’s editors. They were judged based on innovation, risk taking, financial complexity, the ability for a deal to serve as a model for other financings, and the public purpose for which a transaction’s proceeds were used.
“It’s an honor to be selected as the winner of the Southwest region,” said NTTA Chairman Paul N. Wageman. “It’s an acknowledgment of the strength of the NTTA’s financial system and the innovative finance plan developed by our skilled finance team in an extraordinary period in the history of the municipal markets. Our board provided the team with the flexibility it needed to successfully navigate a very turbulent market.”
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