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The agreement came after hard work and compromise from all parties, said PREPA restructuring officer Lisa Donahue.
The Puerto Rico Electric Power Authority and its forbearing bondholders reached an agreement Tuesday night that would cut the amount of PREPA's outstanding debt, reduce near-term debt service, and lower interest rates.
Florida's Martin and Indian River counties launched new legal challenges to the private All Aboard Florida passenger train project within days of a scheduled $1.75 billion bond offering.  more »
Illinois has a new deputy debt director and plans to sell bonds at some point this year, according to a spokesperson for Gov. Bruce Rauner.  more »
Bond Buyer Markets Reporters Chip Barnett and Aaron Weitzman
Prices of top-shelf municipal bonds closed steady on Wednesday, according to traders, while bonds of the Puerto Rico Electric Power Authority rallied after it was announced that PREPA and its bondholders had agreed to a debt restructuring plan.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$1,000,000
DASNY
NY
Revenue bonds
09/02/15
9am ET
$392,330
Wisconsin
WI
GOs
09/01/15
11am ET
$143,035
Valparaiso Schools
IN
Revenue bonds
09/02/15
9am ET
$134,455
Lwr Colorado Rvr Auth
TX
Revenue bonds
09/02/15
9am ET
$78,560
Essex County
NJ
GOs
09/02/15
11am ET
Index
Current
Previous
High
Low
Rev. Bond
4.20%
4.08%
5.40%
4.06%
20-Bond
3.79%
3.73%
5.03%
3.29%
11-Bond
3.31%
3.25%
4.75%
3.14%
 
Current
Previous
High*
Low*
BB40 Index
123-24
123-17
132-15
107-01
Average Price
103.95
103.76
110.87
84.90
Yield to Par Call
4.12
4.15
6.35
3.31
Yield to Maturity
4.42
4.43
5.34
3.94

(* for calendar year)

Amount
Issuer
St
Description
Sale Date
Sale Time
$78,560
Essex County
NJ
GOs
09/02/15
11am ET
$70,000
Albuquerque SD 12
NM
GOs
09/02/15
11:30am ET
$65,790
Essex County
NJ
BANs
09/02/15
11:30am ET
$60,000
San Francisco USD
CA
TRANs
09/02/15
12pm ET
$37,245
Fayette Co. SDFC
KY
Revenue bonds
09/02/15
11:30am ET

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Rhode Island and Michigan showed solid improvement in labor markets in August, while Puerto Rico showed greater improvement in its unemployment rate than any of the 50 States, according to our proprietary measure of state economic health.

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