News and Information from Bond Buyer

Week Of December 7 Issuer St Description Amount

ARIZONA

ARKANSAS

The Republican chairs of three Senate committees that have jurisdiction over Puerto Rico and bankruptcy introduced a bill on Wednesday night that would establish an authority that could issue bonds and provide up $3 billion in resources to help Puerto Rico stabilize its budget and debt.

Government

Virginia Gov. Terry McAuliffe said he will include $2.43 billion of bonds in his budget proposal for fiscal 2017 to finance capital projects.

A Southwestern Illinois flood prevention agency wrapped up borrowing this week to support its efforts to bring the American Bottom levee system up to snuff to offer 500-year flood protection.

SwedishAmerican Hospital in Rockford, Ill. won an upgrade from Standard & Poor's and also received a positive outlook thanks to its nearly year-old affiliation with a stronger system.

Indiana will spend $70 million to expand lanes on a well-traveled stretch of Interstate 65 under a plan announced by Gov. Mike Pence.

Municipal bonds finished slightly stronger on Wednesday, as more new issues came to market, led by competitive sales from South Carolina’s Clemson University.

Virginia Transportation Secretary Aubrey Layne opts for P3 financing of a $2.1 billion system of tolled express lanes.

Alaska has signed and made public agreements with two major gas companies that will allow a major pipeline project to move forward even if the private firms decide to drop out of it.

Florida legislators will consider another record state budget, $1 billion in proposed tax cuts, and a new tribal gambling compact as they gear up for an early session starting Jan. 12.

Bond Dealers of America is recommending the Treasury Department and Internal Revenue Service rework their issue price rules to state that if 25% of bonds are sold after a competitive underwriting at the initial offering price then that would establish the issue price for each maturity.

In a report, Moody’s Investors Service said it has completed a review that resulted in upgrades for almost all of the $4.7 billion of California tax allocation bonds it rates.

The Treasury Department auctioned $21 billion of 9-year 11-month notes with a 2 1/4% coupon at a 2.233% high yield, a price of 100.148778.

Municipal bonds were unchanged at mid-session, traders said, as they watched more new issues come to market, led by a sale from South Carolina's Clemson University.

Philadelphia International Airport COO Chellie Cameron has been tapped by Mayor-elect Jim Kenney to be the airport’s new CEO.

Puerto Rico Gov. Alejandro García Padilla signed a bill to create a fiscal supervisory board Tuesday.

Moody's Investors Service upgraded three of Jefferson County, Ala.’s credits three notches to investment grade citing improved financials and the expanding local economy.