Friday's market column contained several errors. The headline identified Illinois' $1 billion deal as consisting of Build America Bonds when it was actually notes, and the issue is rated SP-1, not SP-1-plus, by Standard & Poor's. In addition, the notes were priced at an aggregate interest rate of 1.86%, with re-offering yields of 1.68% on the notes maturing in April 2010, and 1.73% on the notes maturing in May 2010.
The new-issue calendar is led by Washington with $1.3 billion of GOs selling by competitive bid in three series.
A trio of current and former Alaska lawmakers presented views differing from the governor's on how to solve the state's budget red ink.
Kutak Rock warns tax attorneys about the Internal Revenue Service doing compliance checks as opposed to formal audits on certain multifamily bond issues as tax season is expected to add more stress to an understaffed agency.
The rating agency cited weak operating results and high leverage.
Piper Sandler will price $100 million of electric revenue bonds for Iowa public utility Muscatine Power and Water on Wednesday.
Longer-term bonds could ease financial pressure for Sound Transit's $54 billion long-range plans.
