Indiana

Indiana lawmakers scrambled Monday to stop financial fallout from a controversial bill signed into law by Gov. Mike Pence last week.

Officials building a long-stalled fertilizer plant in Indiana hope that the fifth time is a charm when it comes to having to remarket $1.2 billion of short-term notes before rolling it over into long-term debt.

Gary, Ind., a rare issuer and the state's most distressed city, is coming to market this week with $15.3 million of unrated, casino revenue-backed bonds.

An Australian fund manager’s $5.72 billion bid for the 75-year lease of the Indiana Toll Road bodes well for the P3 sector and suggests rising interest among pensions in investing in American infrastructure.

An Australian company is set to pay $5.7 billion for the 75-year lease of the Indiana Toll Road from the bankrupt company that bought it for $3.8 billion in 2006.

The recent default by an Indiana school district reveals how a state intercept enhancement program does not necessarily reduce the chance of default, Moody's says in a new comment.

Two northwest Indiana counties will nail down the final details of their tax-exempt bond-financed bid for the bankrupt Indiana Toll Road over the next two weeks.

A state bill enabling Indianapolis to borrow $84 million for a new soccer stadium in downtown Indianapolis has sparked a debate that echoes the national debate over sports facility financing.

Doubts as to the quality or effectiveness of Indiana's intercept program are misplaced.

Municipal bond borrowing by Midwestern issuers picked up steam last year, rising by 6.9% to $63.5 billion as issuers loosened the reins a bit on new money borrowing and refundings recorded double-digit gains thanks to favorable interest rates.

The January default by a well-off Indiana school district, though quickly cured, reveals problems with the state funding formula and investors' reliance on state school enhancement programs, market participants say.

Owners of the bankrupt Indiana Toll Road assured a federal bankruptcy judge recently that they expect to find a new owner for the 75-year lease within a few months and that the asset could fetch as much as $5 billion.

Indiana finance chief Kendra York has quit to join an engineering firm that works on public-private partnerships, and Gov. Mike Pence has appointed long-time public finance figure Dan Huge as interim director.

An issuer in Virginia recently disclosed an Internal Revenue Service audit of bonds it issued in 2006, and a borrower in Indiana and an issuer in Pennsylvania disclosed that the IRS has closed audits of their bonds.

Indiana's recent decision to expand its Medicaid program under the new federal health care law is positive for the state's hospitals and could prompt Republican-led states that have opted out to change their minds, according to Fitch Ratings.

Standard & Poor's put a local Indiana school district on negative watch after it missed two payments due in January on bond issues.

Indiana will apply for a $170 million TIFIA loan to help cover payments to the private team on the $2.3 billion Ohio River Bridges project.

An Indiana state representative's bill would only allow issuers to propose borrowing and tax levy questions during general elections in order to boost voter participation.

Indiana Gov. Mike Pence is pushing for a balanced budget amendment to the state constitution to control future spending despite what he called a decade of fiscal disciple.

The University of Notre Dame's sale Tuesday of $400 million of taxable bonds may have won the lowest corporate yield for a 30-year maturity in history, according to the finance team.