News and Information from Bond Buyer

Friday, June 12 Issuer St Description Amount

Jun. 12, 2015 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aaa/AAA/AAA 0.29 1.58 2.43 3.41 California Aa3/A/A 0.32 1.63 2.67 3.67 Hawaii Aa2/AA/AA 0.33 1.67 2.58 3.58 Idaho Aa1/AA+/AA+ 0.29 1.64 2.56 3.55 Montana Aa1/AA/AA+ 0.29 1.63 2.57 3.57 Nevada Aa2/AA/AA+ 0.35 1.72 2.62 3.64 Oregon Aa1/AA+/AA+ 0.29 1.59 2.48 3.48 Washington Aa1/AA+/AA+ 0.32 1.68 2.63 3.64 Wyoming NR/AAA/NR 0.29 1.62 2.48 3.46

CALIFORNIA

ALABAMA

6/11/2015 6/4/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 $0 0 $0 $0 California 18 445,265 28 688,585 -243,320 Hawaii 0 0 0 0 0 Idaho 1 41,075 0 0 41,075 Montana 0 0 1 8,085 -8,085 Nevada 0 0 0 0 0 Oregon 2 25,705 0 0 25,705 Washington 5 86,840 6 101,925 -15,085 Wyoming 0 0 0 0 0

Government

Chicago officials will seek up to $1.1 billion of general obligation borrowing authority from the City Council to refinance short term paper into a longer term, fixed-rate debt.

For the week ended June 11, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, increased five basis points to 4.47% from 4.42% from the previous week.

For the sixth week in a row, municipal bond funds reported outflows, bringing to nine out of 24 weeks this year the funds have suffered cash withdrawals.

A federal judge ordered former Rhode Island House Speaker Gordon Fox to three years for stealing $108,000 of campaign donations, accepting a $52,000 bribe and filing false tax returns

Wayne County, Mich. introduced discussion of how its debt might fare in a bankruptcy as it prepared to come to market with $187 million of notes.

Georgia secured financing rates as low as 1.21% on a multi-faceted competitive GO bond offering Tuesday.

San Diego plans citywide special election on Dec. 15 to seek approval for a new stadium for the National Football League’s San Diego Chargers, who have threatened to build a stadium with the Oakland Raiders in Carson, a city south of Los Angeles .

Moody’s Investors Service downgraded Poway Unified School District general obligation bonds to Aa3.

Standard & Poor’s revised its outlook to stable from negative and affirmed its BB long-term rating on North Las Vegas, Nev.’s limited-tax general obligation debt.

If state lawmakers and Gov. Bruce Rauner can’t resolve their differences over a fiscal 2016 budget, the Illinois Hospitals Association is urging them to adopt a temporary spending plan.

Prices of top-shelf municipal bonds finished stronger on Thursday, according to traders, as yields fell by as much as four basis points. In the primary, the Dormitory Authority of the State of New York sold more than $1 billion of bonds in the competitive sector.

The Municipal Securities Rulemaking Board is proposing to ease the standard of independence for one of its public board member positions.

The New Jersey School Bond Reserve Act enhancement program was downgraded two notches by Moody's Investors Service, affecting $6.75 billion in debt.

Moody's Investors Service said it has downgraded to A1 from Aa3 Port St. Lucie, Fla.'s $113.5 million general obligation bonds.