Primary bond market

S&P Global Ratings has affirmed and placed on CreditWatch with negative implications its 'A' long-term rating on Illinois State University Board of Trustees' series 2016 auxiliary facilities system (AFS) revenue bonds.

S&P Global Ratings has affirmed and placed on CreditWatch with negative implications its 'A' long-term rating on Illinois State University Board of Trustees' series 2016 auxiliary facilities system (AFS) revenue bonds. In addition, we affirmed our 'A' long-term rating and underlying rating (SPUR) on existing bonds and certificates of participation (COPs), issued on behalf of Illinois State University (ISU).

California’s big bond offering came to market on Thursday and was well received by buyers, according to traders. In secondary activity, municipal bonds finished weaker.

California’s big taxable bond offering hit the market on Thursday as municipal bonds weakened in secondary trading.

Municipal bond traders are set to see the biggest deal of the week hit the screens on Thursday – the state of California’s $1 billion-plus taxable bond offering.

Top-quality municipal bonds finished mixed on Wednesday, traders said, as more supply slipped into the market.

Top-quality municipal bonds were mixed at midday, traders said, as more supply slipped into the market. Traders were also watching yields, which have been trending downward.

After a day filled with new deals, the municipal bond market will see another session of supply on Wednesday with big offerings from Pennsylvania and Arizona on tap.

As Central Kitsap School District begins work on two of the four major renovation projects in its 2016 $220 million bond, the district is on schedule and on budget for the work, officials say.

Top-rated municipal bonds finished stronger on Tuesday, as the Dormitory Authority of the State of New York’s $345.9 million of revenue bonds were priced for institutions after a shortened retail order period.

The Wisconsin-based conduit got a BBB rating from Kroll Bond Rating Agency for $165 million of Series 2017 taxable revenue bonds payable solely from New York's Albert Einstein College of Medicine promissory notes and guaranteed by Montefiore Medical Center.

Top-rated municipal bonds were stronger at mid-session, according to traders, as the first of the week’s large deals hit the market.

Municipal market participants are set for action to get started in the primary with several large negotiated and competitive deals on tap, led by issuers in New York, Florida and Virginia.

City councilors took the first step to wrap up projects included in the city's 2012 General Obligation Bond issue.

With Sherman residents soon to vote on a $308 million bond package aimed at overhauling the Sherman Independent School District's facilities, supporters and opponents of the plan are both making their positions known to the community.

The Oxford School District will host a series of community meetings starting Monday to gather input regarding a proposed bond issue.

Columbus Public Library Director Drew Brookhart has a lot to think about over the days, weeks and months ahead.

With the vote on a $74 million bond to benefit Red Oak ISD on the horizon, district officials will hold a second town hall meeting Thursday evening.

Trustees on the Gustine Unified School District governing board clashed with each other and members of the public Wednesday night over criticisms of the board's transparency and district management of the Measure P bond.

When Port City voters approved Wilmington's $38 million parks bond last fall, the 15 projects named were distant prospects. This year, the work begins.