Southeast

Moody's says the South Carolina Public Service Authority’s delay on rates is a credit negative.

Ipreo estimates total bond volume for next week at $4 billion, down from a revised total of $5.9 billion this week, according to data from Thomson Reuters. Next week’s calculations do not include note sales.

The State Bond Commission Thursday gave authority to start seeking loans on the second phase of a massive LSU project that includes a mixed-use development on Nicholson Drive and tearing down 52-year-old Kirby Smith Hall dormitory.

Muni traders on Friday are looking ahead to next week’s lighter new issue slate, which will be dominated by a note deal, rather than a bond sale.

The $358 million deal saw net present value savings of 9.46%, among the highest the state has seen.

Musser will concentrate on public finance, governmental law, procurement and construction.

As he started to present his ideas about the new capital plan for Phenix City Schools, superintendent Randy Wilkes cautioned the school board.

Municipal bonds ended mixed on Wednesday, according to traders, as the gilt-edged state of Maryland came to market with competitive sales won by Bank of America Merrill Lynch and Citigroup.

The investor-owned utility said South Carolina officials will review the canceled project.

Municipal bonds were weaker at midday, according to traders, as the gilt-edged state of Maryland came to market with two competitive sales won by BAML and Citi.