News and Information from Bond Buyer

ARKANSAS

Jul. 22, 2015 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois A3/A+/A+ 1.53 3.1 4.16 5 Indiana Aaa/AAA/AA+ 0.28 1.36 2.41 3.37 Iowa Aaa/AAA/AAA 0.28 1.37 2.41 3.37 Michigan Aa2/AA/AA 0.34 1.47 2.57 3.55 Minnesota Aa1/AA+/AA+ 0.29 1.33 2.34 3.26 Missouri Aaa/AAA/AAA 0.28 1.31 2.32 3.28 Nebraska NR/AAA/NR 0.28 1.38 2.46 3.45 North Dakota Aa1/AA+/NR 0.31 1.43 2.49 3.45 Ohio Aa1/AA+/AA+ 0.3 1.37 2.47 3.45 South Dakota NR/AA+/AA+ 0.32 1.42 2.49 3.47 Wisconsin Aa2/AA/AA 0.31 1.38 2.46 3.45

7/21/2015 7/14/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 8 $110,465 5 $1,141,875 -1,031,410 Indiana 5 110,860 6 42,275 68,585 Iowa 4 55,295 4 9,935 45,360 Michigan 7 1,078,620 15 228,470 850,150 Minnesota 21 87,525 28 297,591 -210,066 Missouri 5 47,790 6 77,335 -29,545 Nebraska 1 7,500 0 0 7,500 North Dakota 3 42,885 0 0 42,885 Ohio 11 244,000 9 146,690 97,310 South Dakota 0 0 0 0 0 Wisconsin 19 90,670 18 136,435 -45,765

Wednesday, July 22 Issuer St Description Amount

Wednesday, July 22 Issuer St Description Amount

Week Of July 20 Issuer St Description Amount

Government

The Puerto Rico Electric Power Authority board of directors announced Tuesday it named Javier Quintana Mendez the authority’s new executive director.

House Assistant Democratic Leader Jim Clyburn, D-S.C., told congressional staff members Tuesday that everything should be on the table for a comprehensive tax-reform bill, while municipal bond market participants and lawmakers defended the tax exemption for munis.

The University of Texas System saw strong demand for $218 million of Permanent University Fund bonds priced through a nine-member syndicate led by JP Morgan.

The Senate will move forward with a compromise six-year transportation funding bill hammered out over the weekend in negotiations between Senate Majority Leader Sen. Mitch McConnell, R-Ky., and Sen. Barbara Boxer, D-Calif., despite a setback on a procedural vote on Tuesday.

Prices of top-rated municipal bonds closed higher on Tuesday, traders said, with yields on some maturities falling by as much as two basis points. In the primary, the first wave of new issue volume hit the market.

The Detroit City Council Tuesday voted to raise water and sewer rates, reversing an earlier vote that city and state officials had warned could bring additional state oversight down on the city.

The Senate Finance Committee on Tuesday approved a bipartisan, modified, two-year tax extenders bill that includes several provisions relating to bonds and Puerto Rico.

Even as it stepped closer to a Michigan state takeover, Wayne County's county's chief executive said the struggling government would not travel down the same path as its largest city, Detroit.

Moody's Investors Service said it has downgraded the city of Anderson, Ind.'s water enterprise revenue rating to A2 from A1.

The Illinois Finance Authority is rolling out a new financing program to help smaller hospitals purchase equipment and meet federal healthcare record-keeping mandates.

Kentucky Gov. Steve Beshear Tuesday said the thawing economy enabled to state to deposit $82.5 million into the state budget reserve trust fund bringing its balance to $209.4 million.

The Government Finance Officers Association took issue with the Municipal Securities Rulemaking Board’s proposed easing of standards for one public board position, saying the changes could affect the balance of power and lead to candidates who do not represent the best interests of investors.

Puerto Rico’s total employment declined by 0.7% in June from May on a seasonally adjusted basis.