Image: Bloomberg News
Detroit emergency manager Kevyn Orr said bankruptcy and mediation have been useful tools for the troubled city as it seeks to restructure.
Detroit emergency manager Kevyn Orr defended the city's bankruptcy and talked about the deal with unlimited-tax general obligation bondholders and the importance of future capital markets access in a wide-ranging exclusive interview with The Bond Buyer.
California is planning to sell $750 million of general obligation bonds next week to fund transportation projects and refund outstanding commercial paper debt.  more »
Financial Guaranty Insurance Company received a $584 million cash payment from Bank of America as they settled a lawsuit over nine mortgage-backed securities insured by FGIC.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$321,050
North Carolina
NC
GOs
04/16/14
11am ET
$200,000
Massachusetts Bay Transp
MA
GOs
04/14/14
9am ET
$197,505
New Jersey Ed Facs
NJ
Revenue bonds
04/16/14
9am ET
$150,000
Washington Suburban
MD
GOs
04/15/14
10:30am ET
$125,000
Florence Co
SC
GOs
04/15/14
11am ET
Index
Current
Previous
High
Low
Rev. Bond
5.18%
5.23%
5.40%
4.19%
20-Bond
4.32%
4.44%
5.03%
3.53%
11-Bond
4.03%
4.14%
4.75%
3.29%
 
Current
Previous
High*
Low*
BB40 Index
119-23
119-20
132-15
107-01
Average Price
104.40
104.25
105.42
84.90
Yield to Par Call
4.35
4.35
6.35
3.57
Yield to Maturity
4.65
4.64
5.34
3.94

(* for calendar year)

Amount
Issuer
St
Description
Sale Date
Sale Time
$21,000
Lake County
IN
GOs
04/17/14
1pm ET
$20,340
Englewood
NJ
BANs
04/17/14
11am ET
$17,065
Savannah
GA
Revs
04/17/14
10am ET
$5,980
Teaneck Twp
NJ
BANs
04/17/14
11am ET
$2,739
Pt Pleasant Beach
NJ
BANs
04/17/14
11am ET

Player Template for http://www.bondbuyer.com
markets
markets
markets

Social

facebook
linkedin

New York's budget leaves it at risk of becoming one of only five states that do not allow the use of design-build procurement to deliver public infrastructure projects.

Upcoming Events

the bond buyer conferences
Already a subscriber? Log in here
Please note you must now log in with your email address and password.