Municipals tracked a narrow price range yesterday with little to drive price action except numerous customer lists, while underwriters priced $104 million Alaska Housing Finance Corp. bonds in light primary activity. Complete market coverage by Sean Monsarrat appears on page 2
News
A SPOKESWOMAN FOR Franklin Advisors Inc. yesterday confirmed that the senior vice president and managing director of the municipal bond department, Tom Kenny, has resigned from the firm. Page 2
The Regions
THE LOS ANGELES DEPARTMENT OF AIRPORTS is scheduled to sell $500 million of commercial paper in February to finance general airport improvements that will benefit, yet stand apart from, a proposed $12 billion expansion plan currently under review. Page 3
Washington
THE CLINTON ADMINISTRATION next year may push to expand the struggling state infrastructure bank program, Secretary of Transportation Rodney Slater said late Monday. Page 4
Investors & Investing
POTENTIAL FINANCIAL STRAIN may hurt the corporate credit ratings of the major tobacco companies, so investors should look closely at the structure when assessing bonds backed by the national tobacco settlement, according to a report by Legg Mason Wood Walker Inc. Page 6
Midwest
STARTING DEC. 6, INDIANA SCHOOL DISTRICTS will celebrate their annual winter borrowing festival -- issuing up to $500 million of temporary loan warrants in order to pay their bills until property tax revenues flow into their coffers next June. But this year's ritual will be slightly different. Page 28
Listings
New-Issue Calendar Page 8
Notices of Sales Pages 13-15
Bond Redemptions Pages 23-27
Executive Placement Pages 16-17
Requests for Proposals Page 12
Market Statistics Pages 31-35
Editor's Note
The Bond Buyer will not be published Thursday and Friday in observance of the Thanksgiving holiday.
