Capital markets

The state of Tennessee and its school bond authority will be issue $350 million of highly rated new money bonds this month and next.

It's Moody's first upgrade of the state since 1997.

County supervisors gave the treasurer and tax collector 180 days to come back with recommendations for a public finance diversity and inclusion initiative.

The commonwealth intends to refund $630 million in taxable and tax-exempt bonds next week, and issue $600 million tax-exempt new-money on Sept. 5.

The bonds sold for Paradise, the town nearly leveled by a 2018 fire, remain at speculative grade.

Issuers in the nine-state Far West region sold $34.6 billion of municipal bonds in 2019's first six months.

The Lone Star State sold $8 billion of notes to buyers with an endless appetite for short-term muni paper.

Market participants are questioning IFS' future and how a rogue trader engaged in unsupervised trades.

Two Virgin Trains USA deals from Florida helped push the region's volume up 9.8% over last year, making it one of only two regions to sell more bonds.

An airport official says the third upgrade in a year will mean savings for upcoming refunding and new money bond plans.

Municipal bond issuers in the Midwest recorded a healthy year-over-year volume gain, in contrast to flat nationwide numbers.

Moody's upgraded the Lincoln-Way district, saying it has effected a fiscal turnaround after the management woes and investigations that sent it to junk in 2016.

Texas issues are headlining this week's slate of supply.

An increased reliance on endowment spending put the highly selective liberal arts college at risk of a credit downgrade.

Refundings rebounded in the first half of 2019, but total bond volume across the Southwest fell to a six-year low.

Public facilities and electric power were the sectors with the biggest declines.

Fitch Ratings upgraded California general obligation bonds to AA from AA-minus, the state's first upgrade in three years.

Municipal bond issuers in the Northeast sold $44.9 billion of municipal bonds in the first half of 2019, down 7% compared to the first half of 2018.

The $450 million in bond-financed improvements are part of negotiations to extend the contract of the NFL's New Orleans Saints.

The deal will end the family owned Baum's 91-year run in the municipal bond business.