Hospital to Refinance $720M
UPMC Sets First Part of $1.1B Plan
By Michelle Kaske | Feb 9The University of Pittsburgh Medical Center next week will issue $720 million of tax-exempt revenue bonds, part of the health care provider’s $1.1 billion debt refinancing plan. [FREE]
Build America Bonds
New BAB Goal: Revenue-Neutrality
More Bang Sought For the Same Buck
By Dan Seymour | Feb 9In proposing to renew the Build America Bonds program, the Obama administration last week set an audacious goal: more benefit at the same cost. [FREE]
Trend in the Region
Southwest Volume Dips Despite BAB Burst
By Richard Williamson | Feb 9DALLAS — Municipal bond volume in the Southwest fell 13.8% in 2009 despite issuers in the region selling nearly $12 billion of Build America Bonds.
Federal Railroad Administration Weighing States’ High-Speed Options
By Audrey Dutton | Feb 9ARLINGTON, Va. — The Federal Railroad Administration is currently evaluating options states could use to build high-speed rail, including ways to encourage multi-state projects, deputy administrator Karen Rae said in an interview yesterday.
Other Headlines
Market News
Regional News
- Paterson Wants to Boost Tax on N.Y.C. Businesses to Aid MTA
- S.C. Lawmakers Vote to Reject Aid For Restructuring Toll Road Debt
- Westchester County Selling $173M in Pilot Program
- Purdue University to Offer $74M Student-Fee Backed Refinancing
- L.A. Schools Selling $1.8B of GOs, Part Tax-Exempt and Part BABs
Washington
- Judge Won’t Rule on SEC Settlement With B of A Until Feb. 19
- IRS Seeks Comments From Issuers On Forms for BABs, Tax-Credits
Underwriters & Dealers
This Week's Top 5 Issues
| Amount | Issuer | St | Description | Sale Date |
Sale Time |
|---|---|---|---|---|---|
| $540,000 | CT | 02/10/10 | 9am ET | ||
| $534,325 | HI | 02/10/10 | 9am ET | ||
| $454,000 | NV | 02/09/10 | 9am ET | ||
| $400,000 | CA | 02/11/10 | 9am ET | $256,710 | VA | 02/10/10 | 11:30am ET |
Weekly Indexes
| Current | Previous | High (2009) | Low (2009) | |
| Rev. Bond | 4.96% | 4.99% | 5.90% | 4.69% |
|---|---|---|---|---|
| 20-Bond | 4.36% | 4.39% | 5.16% | 3.94% |
| 11-Bond | 4.08% | 4.10% | 4.94% | 3.69% |
| 1-Yr. Note | 0.44% | 0.49% | 1.09% | 0.43% (all time) |
Today's Top Competitive Issues
| Amount | Issuer | St | Description | Sale Date |
Sale Time |
|---|---|---|---|---|---|
| $190,530 | MI | 02/09/10 | 11:15am ET | ||
| $120,000 | AK | 02/09/10 | 11am ET | ||
| $36,000 | MN | 02/09/10 | 11am ET | ||
| $26,700 | MA | 02/09/10 | 11am ET | ||
| $25,000 | NY | 02/09/10 | 11am ET |
