News and Information from Bond Buyer

Puerto Rico tax and revenue anticipation notes will carry a 7.75% coupon and mature on June 30, 2015.

Citigroup said in an interview the sell-off in tobacco bonds caused by Bill Gross' departure from PIMCO will be short lived.

Failure by Congress to develop a long-term transportation bill early next year could mean another highway funding crisis in a few months.

Milwaukee' cultural and entertainment venues need at least $445 million over the next two decades for capital improvements and to fund the public’s share of a new Milwaukee Bucks professional basketball arena, according to a task force report.

Standard & Poor's Ratings Services has lowered its rating on the Water Works Board of the city of Brewton, Ala.'s water revenue debt three notches to BBB from A.

Dealers want the de minimis contribution limit increased in the Municipal Securities Rulemaking Board's proposed application of its Rule G-37 on political contributions to municipal advisors, and one lawyer told the board the rule is probably unconstitutional unless it is raised.

Investors are watching how high-grade deals are priced on Wednesday, because they believe it will set the tone for how similarly rated deals, like the $1.1 billion Texas Transportation Commission offering coming Thursday, will be priced.

Moody's Investors Service said it has downgraded to A1 from Aa2 the underlying general obligation rating of Spring Lake Public Schools, Mich.

About 5,072,000 online job postings appeared on leading Internet job boards in September, a decrease of 137,200 from August, the Conference Board reported Wednesday.

Standard & Poor's Ratings Services said it raised its underlying rating (SPUR) and school issuer credit rating (ICR) on Dryden Central School District, N.Y.'s general obligation (GO) bonds to AA-minus from A-plus.

Three municipal securities regulators plan to hold the first Compliance Outreach Program for Municipal Advisors in Chicago on Nov. 3 and are asking folks to register for it.

Standard & Poor's Ratings Services said it has raised its issuer credit rating (ICR) on Piscataway Township Board of Education, N.J.'s outstanding general obligation (GO) debt to AA-minus from A-plus.

Standard & Poor's Ratings Services said it raised its school issuer credit (ICR) rating on Southeast Local School District, Ohio's series 2011 classroom facilities improvement refunding bonds to AA-minus from A-plus.

Wednesday's primary calendar promises high-grade issuance that traders anticipate will impact municipal scales and elongate the yield rally.

The overall economy grew for the sixty-fourth straight time, while the manufacturing sector expanded for the sixteenth consecutive month, the Institute for Supply Management reported Wednesday.

Construction spending declined 0.8% in August, the Commerce Department said Tuesday, and is 5.0% above the August 2013 level.

Private-sector employment rose 213,000 in September on a seasonally adjusted basis, according to the ADP national employment report.