Indiana

Beacon Health expects strong investor response when it comes to market Wednesday with $157 million of AA-minus rated hospital bonds that marks the first borrowing for the newly created credit.

Indiana Gov. Mike Pence must decide on whether to green light to a $1.2 billion bond-financed fertilizer plant amid allegations that the Pakistan-based owner had ties to explosives used against U.S. troops in Afghanistan.

The General Assembly last week approved a bill that would allow the Indiana Motor Speedway to issue up to $100 million of bonds backed by a new state credit.

Indiana lawmakers were poised Friday to approve a two-year, $30 billion budget that provides $1.1 billion in tax relief over the next four years through a series of tax cuts that includes a 5% drop in the income tax.

Indianapolis Museum of Art comes to market this week with $37 million of refunding bonds that are part of the museum's overhaul of its debt management policy.

Indiana is on track to enjoy a "stable but slow" recovery, with revenues seeing a steady uptick through 2015, state fiscal officials said in a revenue forecast report released Tuesday.

Indianapolis Controller Jeff Spaulding is leaving the city for a new position at the Friedman Foundation for Education Choice.

Indianapolis comes to market Tuesday with $42 million of lease revenue bonds that mark the final piece of a financing for a massive new $734 million public safety net hospital located in downtown Indianapolis.

The city of Fort Wayne, Ind. said it would be able to reduce future sewer rate increases as a result of saving $3 million in a late-2012 refunding of $29 million of sewer debt.

Indiana lawmakers and Gov. Mike Pence will begin negotiations on a final $30 billion, two-year budget this week with the deadline of hammering out a final spending plan by the end of the month.

Indiana last week reached financial close on a $700 million tax-exempt bond financing that finances the state's half of the $2.6 billion bi-state bridge project with Kentucky.

A trio of Midwestern governors have proposed dramatic income-tax cuts — which could impact demand for their state bonds — but are meeting opposition from GOP-led state legislatures.

Indiana University Health, one of the state's largest health care providers, announced this week it is taking "a step back" on a planned new patient tower that carried a price tag as high as $500 million.

S&P and Fitch Ratings this week held conference calls to detail the criteria driving their BBB ratings on Tuesday's sale of $641M of private activity bonds that will finance what is one of the only publicly rated public-private partnerships that features an availability-payment structure.

A new casino that opened Monday in Cincinnati, Ohio is expected to pressure nearby riverboat casinos in southeast Indiana, Moody's Investors Service said.

Indiana embarks on its first public-private partnership that is structured with availability payments next week as it borrows $641 million of private activity bonds for its half of the $2.6 billion, bi-state Ohio River Bridges project.

Citizens Energy Group, which bought Indianapolis' water and sewer system in 2011, is asking the state regulatory commission for rate increases to finance $560 million in capital improvements.

Peabody Energy Corp., which led efforts to develop the mostly bond-financed, joint power agency-owned Prairie State Energy Campus, has received a subpoena from the Securities and Exchange Commission on the coal-fired plant's development.

Indiana lawmakers this week began debate on a new two-year budget that's cushioned with a $2 billion surplus, strong revenues, and low debt.

The Indiana Motor Speedway would be able to issue up to $100 million of bonds backed by a new pledge of state taxes under a bill set to be debated Thursday.