Indiana

Taxable refundings caught on in the Midwest as they did elsewhere in the nation, helping the region post a 19% volume gain.

The state will use $300 million of surplus funds to pay for capital projects at university campuses.

The Big Ten school, which has favored shorter maturities, is issuing 40-year bonds in a bid to diversify its debt portfolio and lock in low rates.

Eric Holcomb pushed a similar early payment last year when he announced the use of $150 million of reserves to pay off a pension liability.

The better than expected forecast has added fuel to the debate between Republicans and Democrats over how to use the extra money.

Gary Mayor Karen Freeman-Wilson says the city will have the cash to repay short-term borrowing at the end of 2020.

A successful closing on the unrated deal was needed to make payments on short-term notes due on Dec. 31.

Indianapolis airport is back with a refunding of notes but it is holding plans to refund variable rate debt because it no longer makes economic sense.

A deal this week will refinance Indiana Finance Authority lease appropriation bonds issued in 2008 for a convention center expansion project.

Mayor Karen Freeman-Wilson said the city is forging ahead with the transaction to raise money to help pay its bills.

Saint Mary's College, a sister school to the University of Notre Dame, will sell $27 million of new money bonds and $15 million to refund debt.

IFA is restating its current bond trust indenture as it finalizes a drawdown loan of up to $436 million provided under WIFIA.

The firm hired Damian Maggos in Indianapolis and Matthew Ruess in Crown Point.

Municipal bond issuers in the Midwest recorded a healthy year-over-year volume gain, in contrast to flat nationwide numbers.

The fixed-rate bonds refund more than 50% of the Indianapolis Airport Authority’s floating rate bonds and terminate associated interest rate swaps.

The deal through the Indianapolis Local Public Improvement Bond Bank will refund floating-rate debt issued in 2010 to a fixed rate.

Eric Holcomb said paying cash for projects would save the state $100 million in interest costs.

Goshen Health is structuring roughly $25 million of the bonds with a mandatory tender and $45 million more as fixed-rate bonds.

The deal refunds bonds issued for projects at its Whiting, Indiana, refinery.

The health system is coming to market Tuesday with a $637 million new money and refunding sale.