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Bond Buyer LogoThe Bond Buyer: The Daily Newspaper of Public Finance

Hospital to Refinance $720M

UPMC Sets First Part of $1.1B Plan

By Michelle Kaske | Feb 9

The 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]

Chris Mier
Chris Mier

Build America Bonds

New BAB Goal: Revenue-Neutrality

More Bang Sought For the Same Buck

By Dan Seymour | Feb 9

In 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 9

DALLAS — Municipal bond volume in the Southwest fell 13.8% in 2009 despite issuers in the region selling nearly $12 billion of Build America Bonds.

Karen Rae
Karen Rae

Federal Railroad Administration Weighing States’ High-Speed Options

By Audrey Dutton | Feb 9

ARLINGTON, 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.

This Week's Top 5 Issues

Amount Issuer St Description Sale
Date
Sale
Time
$540,000
Conn. HEFA
CT
Revenue bonds
02/10/10 9am ET
$534,325
Hawaii
HI
GOs
02/10/10 9am ET
$454,000
Clark Co.
NV
Revenue bonds
02/09/10 9am ET
$400,000
East Bay MUD
CA
Revenue bonds
02/11/10 9am ET
$256,710
Virginia Pub Bldg
VA
Revenue bonds
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
U. of Michigan
MI
Revenue bonds
02/09/10 11:15am ET
$120,000
Anchorage
AK
TANs
02/09/10 11am ET
$36,000
Metropolitan Coumcil
MN
GOs
02/09/10 11am ET
$26,700
Belmont
MA
GOs
02/09/10 11am ET
$25,000
Elmira CSD
NY
BANs
02/09/10 11am ET

2009 in Statistics

Full-year statistical review of new bond issuance rankings nationwide.

Commentary

Muni-Loving Lebenthal Flashes Some Useful Outrage

In the wake of the near-meltdown of the global financial markets, it can be tempting to conclude that the losses faced by municipal issuers and investors in recent years were unavoidable. In a maelstrom, all ships are at risk.

Outlook 2010

What does 2010 hold for the municipal market? The Bond Buyer looks at what's ahead for taxes, securities, the economy, state and localities and infrastructure finance.

Upcoming Events

The Council of Development Finance Agencies Fundamentals of Economic Development Finance Course
February 9 - February 10, 2010
Washington, D.C.

Standard & Poor’s 2010 Housing Conference
February 10 - February 12, 2010
Orlando, Florida

NFMA Advanced Seminar on Tax-Backed Bonds and Federal Intervention
February 11 - February 12, 2010
Palm Beach, Florida

The Council of Development Finance Agencies Intro Bond Finance Course
February 11 - February 12, 2010
Washington, D.C.