Indiana

Indiana’s Citizens Energy Group heads into the market with a $49 million refunding of natural gas utility bonds bolstered by an upgrade from S&P Global Ratings.

The Indianapolis City-County Council approved a $1.1 billion budget for fiscal 2017 that includes a $200 million infrastructure plan that would be partially funded by future bonding.

A Michigan-based senior housing developer and operator is borrowing $69.3 million of unrated tax exempt and taxable bonds to finance projects in Waterville, Ohio, and Chesterton, Ind.

Fort Wayne, Indiana based Parkview Health System’s improved operating performance earned it a one notch upgrade into the double-A category.

The already junk-rated bonds of a P3 highway project in Indiana received a downgrade from another rating agency as payment disputes among contractors reached a new level.

St. Louis-based Stifel Financial Corp. reached into Indiana for its latest acquisition, City Financial Corp. in a deal that bolsters Stifel’s already strong public finance foothold in the Midwest and further cements its evolution into a national player in public finance.

Indiana will receive an upfront payment of $50 million under terms of a proposed deal to lease the state’s communications infrastructure, including its existing cell towers, to a Canton, Ohio –based private operator.

Indiana State University heads into the market Wednesday with an $82 million issue, a portion of which will fund renovations to its health and human service building.

The utility serving Indianapolis and Marion County is headed into the market with $234 million of wastewater revenue bonds -- including debt it will designate as green bonds.

The issuers of the Midwest sold $41 billion of municipal bonds in the first half of 2016, spurred by increased new money issuance, according to Thomson Reuters data.