The city of Jeffersonville, Ind. last week approved a third and final resolution to issue up to $50 million of bonds for wastewater projects, according to local reports.
Roughly $34 million of the debt would be used to construct a combined sewer overflow interceptor to meet Environmental Protection Agency requirements. Most of the remainder would be used to raise funds for a new pump station and a wastewater treatment plant.
A combination of a "stronger-than-expected economy, higher Treasury rates, robust supply, and rich valuations resulting in choppy markets" have made the trading environment in H124 "quite difficult," according to Barclays.
Two rating agencies upgraded Los Angeles Unified School District's bond ahead of multi-billion dollar refunding.
The Basel III Endgame proposal to restructure capital holding levels comes under fire.
Friday price talk for the unrated tax-exempt paper was between 11% and 15%.
The board approved that step at its second quarter board meeting held this week.
The Inflation Reduction Act, affordable housing and clean energy were among the topics discussed at Baker Tilly's DevelUP conference in Chicago this week.
