Midwest

Mercy Hospital plans to sell facilities and other assets to the University of Iowa, which approved $20 million for the acquisition.

Fitch joined S&P Global Ratings in assigning a gilt-edged rating to the city, ahead of a planned general obligation deal later this month.

Norfolk Southern would buy a 338-mile city-owned railway for $1.6 billion, which Cincinnati would use to create a permanent infrastructure fund.

J.P. Morgan held a one-day retail order for $1.65 billion of revenue bonds from the Dormitory Authority of the State of New York, while Minnesota sold $1.02 billion of GOs in the competitive market in five deals.

Major bondholder Preston Hollow and the trustee for $86 million of debt sold for Mercy Iowa City in 2011 and 2018 pointed to default events.

July's total volume was $25.939 billion in 542 issues, down from $28.258 billion in 619 issues a year earlier, the smallest percentage drop in monthly issuance year-over-year in 2023, according to Refinitiv data.

For the coming week, investors will be greeted with a larger new-issue calendar led by large New York and Texas ISD issuers, along with gilt-edged Minnesota selling competitively.

Her prolific coverage and willingness to share knowledge with local reporters brought transparency and accountability to Midwest public finance.

In addition to her professionalism there was a more important aspect that defined Yvette. She was simply a nice person. Always upbeat, helpful and kind.

The measure comes after months of dire warnings over the city's looming insolvency.