Markets

The V.I. Water and Power Authority will attempt to issue $85 million in bonds in coming months to help finance the ongoing transition from fuel oil to LPG, WAPA officials said Friday.

Pawtucket Red Sox Chairman Larry Lucchino and Pawtucket Mayor Donald Grebien say they've built the framework of an agreement for financing an $83-million baseball stadium at the Apex department store site -- the details of which they're giving to Gov. Gina Raimondo and General Assembly leadership Tuesday.

The city of North Augusta completed its Installment Purchase Revenue Bond transaction for Project Jackson on Tuesday, according to a news release from City Administrator Todd Glover.

The merger of two Twin Cities area not-for-profit hospital systems is expected to close June 1.

Municipal bonds were substantially stronger along with Treasuries as stock swooned on growing political unrest in Washington, D.C. Meanwhile, the District of Columbia hit the primary market with over $500 million of general obligation bonds.

S&P Global Ratings has revised the outlook on Nassau County, N.Y.'s general obligation (GO) debt to stable from negative.

The municipal bond market is set to see more volume come their way on Wednesday, led by a large sale from the District of Columbia.

The Hudson Yards Infrastructure Corp. will offer $2.19 billion of second indenture revenue bonds for sale the week of May 22.

S&P Global Ratings says stock market gains will boost California revenues in fiscal 2018.

Municipal bonds ended stronger on Tuesday as Morgan Stanley priced the Los Angeles Unified School District’s $1.08 billion of general obligation refunding bonds.