Tennessee

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.

Tennessee plans to price $416.3 million of top-rated general obligation bonds Tuesday, to get the deal done before the upcoming Fed meeting.

Tennessee Gov. Bill Haslam wants local officials to join his call for more state funding for transportation infrastructure.

The Tennessee Valley Authority said it priced $1 billion of 50-year global power bonds on Sept. 21 at an all-time low interest rate of 4.25%.

Issuers in the Southeast sold $41.56 billion of bonds in the first half of 2015, an 85% increase in year-over-year volume fueled by refundings and a slight uptick in new-money sales.