Ohio

The Cuyahoga County Council signed off on a resolution paving the way for a $140 million bond issue to help cover $280 million of upgrades to the Quicken Loans Arena.

Columbus, Ohio-headquartered Huntington Capital Markets has hired public finance veteran Richard Hatton to head its public finance operation in Cincinnati.

Cleveland-based MetroHealth wants to persuade Cuyahoga County to allow it to substitute a liquidity agreement for a debt service reserve fund on forthcoming bond deals.

Despite pressure to slow down the approval process, the Cuyahoga City Council plans to vote March 28 on a $140 million debt issue to finance renovations to the Quicken Loans Arena.

Ohio-based ProMedica Health System’s shaky fiscal 2016 results drove a one-notch downgrade by Moody’s Investors Service.

TriHealth, one of the largest not-for-profit hospital systems in the Cincinnati area, is making its debut in the bond market Tuesday with its first public offering in a $300 million sale.

Ohio’s Water Development Authority will sell $400 million of high-grade paper to fund a loan program on Tuesday.

The popularity of the National Basketball Association’s champion Cleveland Cavaliers may not extend to Cuyahoga County’s proposal to sell $140 million of bonds to update the team’s 22-year-old arena.

Cuyahoga County, Ohio-based MetroHealth System was placed on Credit Watch with negative implications by S&P Global Ratings.

Issuers in the Midwest sold $87.2 billion of municipal bonds in 2016, a 23.4% year-over-year increase that was the biggest of any region.