The borrowers had failed to make principal payment on November 1 due date, but have since remitted the funds.
Robert Slavin is a reporter for The Bond Buyer, focusing on national news in the United States. With a specialization in municipal bonds and finance, Robert covers a wide range of topics including market trends, ratings updates, regulatory developments, and economic indicators. His articles provide valuable insights and analysis for investors, issuers, and professionals in the municipal bond industry.