Public finance

ARKANSASBrookland School District No. 14 of Craighead CountyAug 17, 2011 . . . . . . $1,335,000

ALABAMATroy Industrial Development BoardAug 16, 2011 . . . . . . $4,005,000

ALASKAFairbanks North Star BoroughAug 16, 2011 . . . . . . $5,565,000

ALABAMALawrence County Board of EducationAug 12, 2011 . . . . . . $4,475,000

COLORADOHuerfano School District No. 1Aug 15, 2011 . . . . . . $4,140,000

ILLINOISOrland Park VillageAug 15, 2011 . . . . . . $10,000,000

CHICAGO — St. Petersburg, Fla.-based Raymond James & Associates is hoping to carve out a bigger chunk of senior-manager business in the Midwest with two new public finance hires in Chicago, one to bolster the firm's local government team here and the other to focus on large governmental issuers.

Kroll Bond Ratings got one step closer to rating muni credits last week by announcing its first big public finance hire. The next step is to release a comprehensive default study to show the market it can be a serious rival to the three dominant rating agencies.

IOWALisbonAug 8, 2011 . . . . . . $735,000

CALIFORNIALos Angeles Department of Water and PowerAug 11, 2011 . . . . . . $307,140,000

The municipal market can expect to see a surge of municipal issuance this week, with $5.28 billion coming to market, up from last week’s revised $2.55 billion.

CONNECTICUTPlymouth (Town)Aug 11, 2011 . . . . . . $5,285,000

ALABAMAGlencoe Town Water Works and Sewer BoardAug 11, 2011 . . . . . . $900,000

The Bond Buyer's weekly indexes indicate that tax-exempts outperformed the Treasury market this week — a trend that almost never happens when the two markets are rallying.

ARKANSASCentral Arkansas WaterAug 10, 2011 . . . . . . $14,185,000

CALIFORNIACalifornia Pollution Control Financing AuthorityAug 10, 2011 . . . . . . $20,100,000

Higher borrowing costs for state and local governments as a result of the sovereign downgrade? Hardly. Or at least: not yet.

Table as of: 08/09/2011 12:15 PM Invisible Supply Issuer and purpose Amount* Approval

ARKANSASFarmington School District No. 6 of Washington CountyAug 9, 2011 . . . . . . $1,710,000

ILLINOISRock Island (City)Aug 8, 2011 . . . . . . $2,065,000