News and Information from Bond Buyer

Cathedral City officials have twice drawn on reserves this year to make bond payments on $12.3 million in community development district bonds issued to pay for instrastructure for the 1,362-unit Verano, a master-planned community in the Coachella Valley city.

Municipal scales tightened on Tuesday into Wednesday morning following two highly successful deals from the state of California and New York City. The strength will help the handful of deals expected to tap the market on Wednesday.

Sales of new single-family homes grew 18.0% to a 504,000 seasonally adjusted annual rate in August, according to data released by the Commerce Department Wednesday.

Sep. 24, 2014 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois A3/A+/A+ 0.73 2.51 3.79 4.66 Indiana Aaa/AAA/AA+ 0.13 1.24 2.36 3.28 Iowa Aaa/AAA/AAA 0.13 1.25 2.36 3.28 Michigan Aa2/AA/AA 0.16 1.32 2.5 3.45 Minnesota Aa1/AA+/AA+ 0.13 1.21 2.29 3.17 Missouri Aaa/AAA/AAA 0.13 1.19 2.27 3.19 Nebraska NR/AAA/AA+ 0.13 1.26 2.44 3.36 North Dakota Aa1/AA+/NR 0.14 1.28 2.42 3.34 Ohio Aa1/AA+/AA+ 0.14 1.25 2.38 3.33 South Dakota NR/AA+/NR 0.14 1.29 2.46 3.39 Wisconsin Aa2/AA/AA 0.15 1.27 2.4 3.36

9/23/2014 9/16/2014 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 8 $51,920 11 $386,910 -$334,990 Indiana 8 171,795 8 253,350 -81,555 Iowa 0 0 3 12,325 -12,325 Michigan 6 87,165 3 100,415 -13,250 Minnesota 20 140,345 18 102,950 37,395 Missouri 4 184,425 5 74,830 109,595 Nebraska 0 0 0 0 0 North Dakota 1 9,995 0 0 9,995 Ohio 9 245,701 2 14,466 231,235 South Dakota 0 0 0 0 0 Wisconsin 10 53,790 19 206,355 -152,565

Wednesday, September 24 Issuer St Description Amount

Wednesday, September 24 Issuer St Description Amount

Week Of September 22 Issuer St Description Amount

Week Of September 22 Issuer St Description Amount

FLORIDA

COLORADO

Government

Illinois-based Presence Health has finalized a deal to sell one of its Chicago hospitals that has strained the system's books with losses.

Gasoline tax revenues are not a reliable long-term source for financing transportation infrastructure, Pew Charitable Trusts said in new report.

The $2 billion Sales Tax Asset Receivables Corporation bonds were massively oversubscribed on Tuesday.

Looser lending standards for Federal Parent Loan for Undergraduate Students (PLUS) loans could boost enrollment and related revenues at many colleges and universities in the 2015-2016 academic year, Fitch Ratings says.

The Securities and Exchange Commission has charged Barclays Capital Inc. with failing to maintain an adequate internal compliance system after it acquired the advisory business of Lehman Brothers in September 2008.

Another bond-rating hammer falls on Pennsylvania as Fitch downgrades the state's GO bonds to AA-minus.

As the issuance of green municipal bonds climbs this week, the bonds performance in the secondary market shows mixed results.