Rhode Island

The Rhode Island Infrastructure Bank will offer $128 million of state revolving fund revenue bonds, and RIHousing will sell $172 million of homeownership opportunity bonds.

Mayor Jorge Elorza’s $850 million POB proposal sits stalled in the state legislature while state General Treasurer Seth Magaziner called the legislation too risky.

Lawmakers could not enact the bill on the final day of the regular session, when House Republicans threatened a filibuster.

A bill would authorize its capital city to issue up to $850 million in pension obligation bonds if it can get a true interest cost of 3.5% or less.

Rhode Island Health and Educational Building Corp. is marketing the $127 million issuance as social bonds.

In what one critic called a "riverboat gamble," Mayor Jorge Elorza in Rhode Island's capital city seeks $704 million to pump into a severely unfunded system.

The state has allocated $1.3 billion over three years to repair and replace 163 buildings, General Treasurer Seth Magaziner reported.

Municipal triple-A benchmarks held steady as the focus was on the primary in which large new issues repriced to lower yields while secondary trading was light.

Sub-1% 10-year municipals and low ratios may test investor appetite for the asset class but it is hard to ignore the strong fundamentals and substantial fund flows in the backdrop.

Lt. Gov. Dan McKee succeeds her on a day state voters approved seven bond measures totaling $400 million.