News and Information from Bond Buyer

New Jersey voters will decide the fate of a plan to expand New Jersey casino gambling beyond Atlantic City on Nov. 8.

Prices of top shelf municipal bonds were steady at midday, traders said as they look ahead to the upcoming week’s new issue calendar.

Citi climbed past Bank of America Merrill Lynch to become the No. 1 book runner in the first quarter, building market share even as the par amount of municipal deals underwritten by the top 10 fell from a year earlier.

PREPA’s Revitalization Corp. submitted proposed securitization charge-setting mechanisms to the Puerto Rico Energy Commission.

Municipal bond traders were winding up their week on Friday, after seeing a hefty new issue calendar come to market.

While backing a “gradual path of policy normalization,” Federal Reserve Bank of Kansas City President and Chief Executive Officer Esther L. George, warned of costs if increases are delayed too long.

Apr. 8, 2016 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aa1/AA+/AAA 0.68 1.23 1.93 2.91 California Aa3/AA+/A+ 0.59 1.1 1.82 2.75 Hawaii Aa2/AA/AA 0.61 1.12 1.82 2.81 Idaho Aa1/AA+/AA+ 0.56 1.09 1.81 2.8 Montana Aa1/AA/AA+ 0.56 1.1 1.82 2.82 Nevada Aa2/AA/AA+ 0.6 1.13 1.84 2.85 Oregon Aa1/AA+/AA+ 0.58 1.07 1.72 2.69 Washington Aa1/AA+/AA+ 0.6 1.11 1.85 2.83 Wyoming NR/AAA/NR 0.56 1.07 1.73 2.71

4/7/2016 3/31/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 1 $70,410 0 $0 $70,410 California 20 2,031,250 20 1,184,390 846,860 Hawaii 0 0 3 325,550 -325,550 Idaho 1 15,000 0 0 15,000 Montana 0 0 0 0 0 Nevada 3 138,300 1 85,000 53,300 Oregon 1 34,125 0 0 34,125 Washington 2 45,010 1 7,250 37,760 Wyoming 0 0 0 0 0

Tuesday, April 12 Issuer St Description Amount

Friday, April 8 Issuer St Description Amount

Week Of April 11 Issuer St Description Amount

Friday, April 8 Issuer St Description Amount

ARKANSAS

ALABAMA

The House Natural Resources Committee is expected to release a revised version of its Puerto Rico bill on Monday, including a modification designed to avoid a constitutional challenge if the legislation is enacted, sources said.

Government

Ohio is highlighting the strong, multi-layered backing of its highway bonds as it prepares to sell $231 million to pay for highway capital improvements.

Increased federal funding is needed to help state and local governments improve water and wastewater systems Senate committee members agreed during a hearing on Thursday.

In the week ended April 7, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell five basis points to 3.98% from 4.03% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Cook County board President Toni Preckwinkle will introduce plans next week for a privately financed $600 million redevelopment of the county’s long-closed historic hospital along with a new $118 million bond-funded addition to its current hospital campus.