Public finance

Uncertainty related to Detroit's bankruptcy filing resonates among P3 players, according to Allen & Overy's Kent Rowey, who advises on many such deals.

ARKANSAS

GEORGIA

Discount bonds performed worse because of the dreaded de minimis rule, under which buyers pay taxes on the gain at maturity at the ordinary income rate when the discount is large. But there is a silver lining — taking a tax-loss can ease the pain.

A bankruptcy judge's ruling in Detroit that pensions aren't a distinct class from other creditors could bolster movement in that direction in the San Bernardino bankruptcy.

Moody's will extend its stable outlook to the airport sector in 2014 as more passengers will provide more support for new money debt.

INDIANA

ALABAMA

American Airlines emergence from Chapter 11 and merger with US Airways Group Inc. officially took off Monday as trading on the new company began.

John L. "Jack" Kraft, bond counsel attorney for more than 45 years, has played a key role in establishing the bond counsel business in New Jersey, handled some of the state's most significant bond deals, and been at the forefront of defending the tax-exemption for municipal bonds.

The federal judge overseeing Detroit's bankruptcy approved a plan for the city to issue $60 million of bonds to finance repairs to its public lighting system.

ALABAMA

INDIANA

Underwriters should price an estimated $11.33 billion of long-term supply in what is likely the last significant calendar of 2013.

Virginia Gov.-elect Terry McAuliffe is reluctant to go ahead with a $1.4 billion toll road until the project receives final environmental approval from the Corps of Engineers.

ARKANSAS

The Indiana Finance Authority won The Bond Buyer's 12th annual Deal of the Year award for its Ohio River Bridges East End Crossing Project.

The Bond Buyer's weekly yield indexes rose the week ended Dec. 5.

U.S. Bankruptcy Judge Stephen Rhodes has released the written opinion supporting his determination that Detroit is eligible to enter Chapter 9 bankruptcy.

Tax exempt money market funds lured $725.2 million in the week ended Dec. 2, according to The Money Fund Report, a service of iMoneyNet.com.