Quantcast
The city of Las Cruces
A more than $700 million dollar deal that RBC Capital Markets executed in New Mexico earlier this month is has raised the eyebrows of some market participants, who think the firm's municipal advisory relationships with several New Mexico cities created a conflict of interest when it underwrote the deal for a power authority run by those municipalities.
The trustee on $8.5 million of revenue bonds issued to finance a wastewater treatment facility to support a now bankrupt meat processing company in a Chicago suburb has struck a deal to sell the bond-financed assets at a steep discount to the company that's taken over the bankrupt firm.  more »
The Internal Revenue Service is auditing bonds issued in 2011 for a charter school operator in Chicago that settled securities fraud charges with the Securities and Exchange Commission in June.  more »
A seven-member panel studying high-speed rail service in north Texas plans to seek federal funding to begin development of a line between Austin and Fort Worth.  more »
Nearly 20 years after the airport opened, Denver International Airport is restructuring variable-rate debt as part of a deal that adds a decade to the lease of its major carrier United Airlines by reducing carrier operating costs.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$350,000
Houston ISD
TX
GOs
09/03/14
9am ET
$345,200
Los Angeles Harbor
CA
Revenue bonds
09/04/14
9am ET
$117,000
San Mateo CCD
CA
GOs
09/04/14
9am ET
$110,000
La Porte ISD
TX
GOs
09/03/14
9am ET
$99,560
MTA
NY
Revenue bonds
09/04/14
11am ET
Index
Current
Previous
High
Low
Rev. Bond
4.80%
4.85%
5.40%
4.19%
20-Bond
4.17%
4.21%
5.03%
3.53%
11-Bond
3.90%
3.94%
4.75%
3.29%
 
Current
Previous
High*
Low*
BB40 Index
124-11
124-07
132-15
107-01
Average Price
107.89
107.80
107.21
84.90
Yield to Par Call
3.85
3.86
6.35
3.57
Yield to Maturity
4.40
4.41
5.34
3.94

(* for calendar year)

Amount
Issuer
St
Description
Sale Date
Sale Time
$27,000
Alma SD 30
AR
GOs
09/02/14
11am ET
$10,000
Boulder
CO
GOs
09/02/14
12pm ET
$7,525
Central Islip UFSD
NY
GOs
09/02/14
11am ET
$5,000
Granite Falls
MN
GOs
09/02/14
11am ET
$4,314
Haddonfield
NJ
BANs
09/02/14
2pm ET

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

Issuance of municipal MSA tobacco bonds by states was the subject of a highly critical article published by ProPublica. The article attempts to make a case that states erred in deciding to issue tobacco bonds. The article was widely circulated across social media. As we frequently observe, the national media focus on the muni market is appreciated, but the facts got muddied in the pursuit of a good story.

Upcoming Events

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