The U.S. buyside is abuzz with news generated by a flurry of ambitious construction projects in need of fixed-income financing.

While the municipal bond market learned the IRS signed off on deals tied to new baseball stadiums proposed for both the New York Mets and New York Yankees, the corporate credit market was digesting the disappointing news that a private $900 million note offering tied to the construction of a new multi-billion dollar city in the Sultanate of Oman was placed on hold.

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