News and Information from Bond Buyer

Week Of August 15 Issuer St Description Amount

IOWA

Day Indicator Last Report Forecast Monday Empire State Manufacturing July: 0.55 Aug.: 2.50 Monday NAHB Housing Index July: 59 Aug.: 60 Tuesday CPI June: +0.2% July: unch Tuesday CPI Core June: +0.2% July: +0.2% Tuesday Housing Starts June: 1.189M July: 1.180M Tuesday Building Permits June: 1.153M July: 1.160M Tuesday Industrial Production June: +0.6% July: +0.3% Tuesday Capacity Utilization June: 75.4 July: 75.6 Thursday Initial Jobless Claims 8/6: 266,000 8/13: 265,000 Thursday Continuing Claims 7/30: 2.155M 8/6: 2.131M Thursday Philly Fed Manufacturing July: -2.9 Aug.: 2.0 Thursday Leading Indicators June: +0.3% July: +0.3%

ALABAMA

Government

The U.S. Virgin Islands government plans to reduce the size of its capital spending budget by 30% to 40%, and with it the size of a planned bond issue.

While at first glance the upcoming calendar doesn’t look to be very large, but it does however offer a little something for everybody and the largest deal of the week includes something that everyone has been looking for: yield.

Puerto Rico's Office of the Comptroller is conducting 24 investigations into government corruption on the island, the office reported.

The receiver for bond-financed apartments owned by Global Ministries Foundation in Tennessee has disclosed in court filings that the Securities and Exchange Commission is conducting an investigation.

Illinois' fiscal reckoning arrived after years of disguising its structural budget woes in large part by shortchanging its pension system, says a new piece from the Chicago Federal Reserve.

One former Kildare Capital employee has been banned from the market and another was hit with a $25,000 fine and 12-month ban after FINRA found that they artificially inflated interdealer prices for municipal securities through 25 round-trip transactions.

Fitch Ratings upgraded California's issuer default rating to AA-minus from A-plus ahead of a $2.7 billion general obligation bond sale.

The city of Wayne, Michigan lost its investment grade rating amid struggles to erase red ink and faces further credit erosion as it veers toward state oversight.

Illinois officials are asking road builders for input on a P3 project to add toll lanes to an existing interstate highway.

Hillary and Bill Clinton released their 2015 tax return on Friday showing they paid an effective federal income tax rate of 34.2% on $10.59 million of adjusted grow income.

Brooklyn Nets owner Mikhail Prokhorov intends to refinance debt for the Barclays Center arena through a $482 million offering by the Brooklyn Area Local Development Corp.

Top-rated municipal bonds were stronger at mid-session, according to traders, with yields on most maturities falling by as much as four basis points. Treasuries also strengthened after the release of weaker-than-expected economic data.

William Caudill and Karen Hawkins have become the chair and chair-elect of the American Bar Association’s Section of Taxation.

U.S. municipal pensions, weakened by decades of underfunding, now face a demographic double-whammy:people are living longer and baby boomers are reaching retirement age.

The Rhode Island Infrastructure Bank is providing $17.2 million in financing to six communities, Gov. Gina Raimondo and General Treasurer Seth Magaziner announced.