Tennessee

Southeast issuers sold $37.63 billion of municipal bonds in the first half of 2016, a decline of 10.9% from the same period last year, even as new money deals increased.

The receiver for bond-financed apartments owned by Global Ministries Foundation in Tennessee has disclosed in court filings that the Securities and Exchange Commission is conducting an investigation.

Municipal bonds issued for Tennessee-based Global Ministries Foundation housing projects were placed on S&P Global Ratings' CreditWatch and could face rating downgrades because of uncertainty related to a federal investigation.

Vanderbilt University in Nashville, Tenn.’s bond outlook is positive and could lead to a rating upgrade because of its financial separation from Vanderbilt Medical Center, S&P Global Ratings said.

Tennessee's general obligation bonds got a boost to AAA Thursday by S&P Global Ratings, which cited the state’s sound operations and improving economy.

Veteran banker Gavin Murrey will work alongside Rob Baird, who is the current head of Public Finance/Debt Investment Banking at Raymond James.

In the Southeast, pent-up need for capital and low interest rates translated into a five-year high for bond issuance in 2015.

Tennessee Gov. Bill Haslam will not propose an increase in the state’s gasoline and diesel taxes during the 2016 legislative session.

Tennessee said a recent general obligation offering was oversubscribed more than five times helping to generate some of the lowest interest rates in its history.

Tennessee’s cash-funded transportation system fails to keep pace with billions in backlogged needs, and residents must decide how to tackle the problem, Gov. Bill Haslam said Monday.