New Orleans Plans Airport Terminal Deal for February
The New Orleans Aviation Board expects to issue up to $659 million in revenue bonds in February to finance a state-of-the-art terminal and related infrastructure.
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Volume will dip considerably low this week as issuers are expected to pare back financings to roughly a third of the early Christmas bonanza they delivered last week. more »
Macomb County, Mich., plans to bring $260 million of bonds to market in March to pay off its retiree health care liability. more »
The Metropolitan Water Reclamation District of Greater Chicago will bring as soon as Monday a $300 million sale that offers a mix of refunding securities and new-money designated as "green bonds" to fund projects including the mammoth deep tunnel project. more »
Pennsylvania's Commonwealth Financing Authority and state budget office have canceled a $197 million sale of CFA revenue bonds scheduled for Dec. 19, saying the CAFR for fiscal 2014 is not yet available. more »
The Federal Energy Regulatory Commission approved Duke Energy's $1.2 billion purchase of the North Carolina Eastern Municipal Power Agency's generating assets. more »
Detroit issued $1.28 billion of new debt that its bond team says required novel financing structures to satisfy both Michigan municipal law and the strict confines of Chapter 9 creditor settlements. more »
The Illinois Finance Authority board signed off Rush University Medical Center $600 million refunding and issues that will help finance Chicago Navy Pier's big overhaul and finance construction of a compressed natural gas station for Pace suburban bus service. more »
Radian Group Inc. is seeking to sell bond insurer Radian Asset and Assured Guaranty or MBIA may turn out to be the buyer. more »
Florida's fiscal health is in better shape than it has been in years thanks to state spending policies, restraint using debt, and rebounding revenues, officials said. more »
The Las Vegas Valley Water District snared Double A ratings ahead of plans to price up to $339 million in a general obligation bond limited tax refunding on Dec. 11. more »
Strong Demand convinced the Los Angeles Community College District's finance team move ahead on plans to price a sizeable $1.4 billion in general obligation bonds this week. more »
The six-month hurricane season ended Sunday and left Florida's two publicly operated insurers in good financial health. more »
Ottawa County, Mich., is bringing $29 million of gilt-edged federally taxable bonds to market on Wednesday to pay off a chunk of its unfunded pension liability, the first of several similar deals that may be on the horizon from local Michigan issuers. more »

As it steps up its efforts to police the municipal securities market, the regulator is turning to potentially career ending sanctions for municipal officials.

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