Illinois Finance Authority

Better Housing Foundation defaulted on $84 million of bonds and lacks funds to maintain the properties.

The troubles of the Better Housing Foundation bonds had been flagged in earlier rating downgrades and disclosure statements.

Holders of $20 million of bonds received $3 million from the sale of the facility.

The debt service reserves for the Better Housing Foundation deals were drained to make the last bond payment.

Municipals were firm on Thursday as the last of the week’s deals hit the market

The Illinois Finance Authority says one green investor snapped up a piece of deal during retail order period.

Focus remained on the municipal primary as more supply swept into the market on Wednesday.

The Florida Development Finance Corp.’s $1.75 billion bonds for the Virgin Trains USA passenger rail project found $4B of suitors.

Green bonds and sustainable offerings are on tap this week as several sales are set to hit the market. Buyers are expected to snap up the paper that aims to fund clean water, school and housing initiatives.

Municipal bond volume will fall to $5.5 billion in the upcoming week, with green deals from Illinois and Arizona.

The Illinois Finance Authority takes retail orders Tuesday on the $450 million SRF deal before pricing Wednesday.

A Chicago-area ice rink facility built with $20 million of bonds is being sold for $10 million.

Weaker operating results led S&P Global Ratings to lower its outlook for the Evanston, Illinois-based university.

Palos Health signed a letter of intent to explore joining Loyola Health, which is owned by nonprofit healthcare giant Trinity Health.

J.B. Pritzker's challenges as Illinois governor include low bond ratings, structural deficits and underfunded pensions.

Bond buyers gave the $1.65 billion San Francisco airport deal a mixed reception on Thursday as municipal bonds were mostly stronger.

J.B. Pritzker coasted to victory without offering much detail about how he plans to solve the state's fiscal problems.

California competitively sold nearly $900 million of bonds while the Salt Lake City airport deal was priced in the negotiated sector.

Northwestern Memorial Healthcare's long-stalled acquisition of Centegra was finalized last month.

The not-for-profit university closed on a $195 million privately placed refunding that eases debt service demands.