Indiana

Voters in Indiana and Michigan headed to the polls Tuesday will decide the fate of more than $1 billion in school district borrowing requests.

Carmel, Ind., is prepping a $224 million sale that would mark the first issue of bonds by the city’s recently established bond bank.

The Indiana Finance Authority’s $250 million 2014 private activity bond issue for the I-69 Section 5 project received a one-notch Fitch Ratings downgrade to BBB-minus.

Indiana Governor Mike Pence signed into law $1 billion in new road and bridge funding for the next two years.

The Indiana Finance Authority plans to issue more than $100 million of state revolving fund bonds that will sell with a green bond designation.

Indiana lawmakers compromised on a $1 billion, two-year road building program that delays decision on long-term transportation funding.

The Northern Indiana Commuter Transportation District is issuing $89.1 million in tax exempt limited obligation revenue bonds to fund the installation of the federally mandated positive train control to its existing rail infrastructure.

As two new bankers take their seat on Fifth Third Securities’ public finance team, the firm says it’s on the lookout to add to its ranks.

The Midwest lagged the national uptick in issuance last year as the conservative region did take advantage of low interest rates to refund debt but held tight the purse strings on new money borrowing.

Long-range road funding bill approved by Indiana House calls for highway planners to study the feasibility of tolling Interstate Highways.