Illinois Finance Authority

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.