Missouri

Missouri-based BJC Health System sold $200 million of debt to finance various projects including an expansion of its cancer center in St. Louis County in partnership with Washington University School of Medicine.

Kansas City, Mo. will borrow $124 million next week to raise financing needed for its long planned $114 million downtown street car project and restructure debt to give it budgetary breathing room to strengthen its pension funds.

Missouri House members proposed an alternative bonding proposal to one announced by Gov. Jay Nixon to finance a new state psychiatric facility.

The Kansas City, Mo. City council has approved a measure that requires any plan that calls for the demolition and reconstruction of terminals at city-owned airports to go to voters.

A.T. Still University of Health Sciences in Missouri received a first time rating of A3 from Moody's Investors Service.

The public district managing the $380 million renovation of the St. Louis Gateway Arch grounds is selling $56 million of sales tax appropriation bonds for the makeover project.

The Missouri Highways and Transportation Commission has adopted a 20-year construction program to meet a federal planning mandate but warned it can't really afford the plan amid dwindling funding.

Missouri Gov. Jay Nixon proposed a fiscal 2015 budget that would increase education spending $500 million and authorize $200 million in appropriation supported bond borrowing for a mental health facility.

The Missouri Supreme Court upheld a lower court decision dismissing the city of Moberly and its industrial development authority as defendants in a bondholder lawsuit targeting the underwriter of $39 million of city bonds issued for a failed artificial sweetener plant.

Bondholders who took ownership of the St. Louis convention center hotel complex four years ago hope to close next month on the sale of the complex's two hotels in separate transactions totaling about $29 million.

St. Louis-based Stern Brothers & Co. is bulking up its staff with additional bankers and sales professionals.

The Metropolitan St. Louis Sewer District will price $150 million of revenue bonds Thursday in its second draw on a $945 million borrowing authorized by voters last year.

Friendship Village of Sunset Hills, Missouri will sell $58 million of bonds this week to fund a major expansion of its retirement village outside of St. Louis.

The Missouri Association for Social Welfare last week filed a lawsuit contesting the summary language of a proposed ballot measure seeking approval for a one cent sale tax increase to fund transportation-related projects.

The Missouri Secretary of State Securities Division filed a civil enforcement action against Morgan Keegan accusing the firm of securities fraud in its role as underwriter of $39 million of defaulted bonds issued by Moberly, Mo.

Missouri local governments' penchant for negotiated sales over competitive bidding resulted in an estimated $43 million in higher costs over a four-year period, state auditor Tom Schweich concluded.

Jackson County, Missouri voters overwhelmingly rejected a sales tax hike aimed at raising $800 million over the next two decades to fund the establishment of a new research institute.

A majority of St. Louis convention center hotel bondholders who took ownership after a bond default agreed to a deal to sell the larger of the complex's two hotels.

St. Louis-based broker-dealer L.J. Hart & Co. was censured and paid a $200,000 fine to settle FINRA charges that it improperly gave more than $183,000 in sports tickets to issuer clients

After his veto of a tax relief package was sustained, Missouri Gov. Jay Nixon released $215 million of $400 million in budgeted funds he had previously withheld.