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Image: Lisa Ventre, University of Cincinnati
UC's already-renovated Morgens Hall (aka Glass House) at the left. At the right is Scioto Hall, which will now be renovated as a twin to Morgens. (They were twin buildings before the Morgens renovation.)
With a $29.5 million bond sale set for next week, University of Cincinnati is poised to become the first public university to tap into the increasingly popular market.
If San Bernardino follows Stockton and Vallejo's example by impairing its bond creditors, it consolidates a pattern in California Chapter 9 cases in which pensions fare better than lease-backed and pension-obligated bondholders.  more »
The Securities and Exchange Commission is seeking public comments on the collection of disclosure information under its Rule 15c2-12, but may get proposed revisions to the rule and criticism that its estimated burdens for compliance are unrealistically low, some sources said.  more »
Ralph Becker, mayor of Salt Lake City, Utah, was elected last Saturday as 2015 president of National League of Cities, at the annual Congress of Cities and Exposition in Austin, Texas.  more »
Less than a month after voters approved a record $748 million of bonds, the Katy Independent School District near Houston will refund $139 million of previously issued debt with a boost in its underlying credit rating.  more »
Bond Buyer Markets Reporter Chip Barnett
Municipal bond traders saw the last of this month’s issuance come to market on Tuesday with the biggest deal of the week pricing – the $265 million Illinois State Toll Highway Authority bonds.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$270,000
Illinois Toll
IL
Revenue bonds
11/25/14
9am ET
$110,970
McHenry County
IL
GOs
11/25/14
9am ET
$74,000
Hudson County
NJ
GOs
11/25/14
11:15am ET
$70,000
Louisville/Jefferson Co.
KY
Revenue bonds
11/24/14
9am ET
$48,625
SD 27J
CO
GOs
11/24/14
9am ET
Index
Current
Previous
High
Low
Rev. Bond
4.58%
4.62%
5.40%
4.19%
20-Bond
3.94%
3.93%
5.03%
3.53%
11-Bond
3.79%
3.78%
4.75%
3.29%
 
Current
Previous
High*
Low*
BB40 Index
124-12
124-08
132-15
107-01
Average Price
107.09
106.97
110.53
84.90
Yield to Par Call
3.88
3.89
6.35
3.50
Yield to Maturity
4.39
4.40
5.34
3.94

(* for calendar year)

Amount
Issuer
St
Description
Sale Date
Sale Time
$74,000
Hidson County
NJ
GOs
11/25/14
11:15am ET
$10,720
Northeastern Ill. U.
IL
Revenue bonds
11/25/14
11am ET
$10,000
Kalamazoo Valley CC
MI
GOs
11/25/14
11:30am ET
$9,655
Iowa City CSD
IA
GOs
11/25/14
11am ET
$9,500
Belen CSD
NM
GOs
11/25/14
12:30pm ET

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The Allen Park, Mich., case marks the first time a city official has been charged on the theory that he "controlled" the persons who committed the primary securities law violations, even though he isn't alleged to have participated or even known of the conduct at issue.

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