Public finance

The Indiana Financing Authority is the biggest entry on 2025's largest negotiated calendar with $1.5 billion of Indiana University Health system revenue bonds.

The $44 million of unrated bonds, placed only with qualified investors, feature 9.5% coupons.

Main Street Natural Gas, a blended component unit of Georgia Gas, issues most of the authority's debt.

A new law lifts the revenue bond cap for the Grand River Dam Authority to $3.6 billion from $1.41 billion

UMB hired 13 people from Wilmington Trust, and opened an Orange County office, to expand in municipal and corporate trustee, escrow and paying-agent services.

With higher yields and ratios, many participants say investors should be taking advantage of current levels.

Chicago goes to market next week with $517.95 million of taxable and tax-exempt general obligation bonds following a downward outlook revision from Fitch.

The cut to the American Dream mall's assessed value is a warning sign to bondholders whose debt payments are tied to how much the property is worth.

This is the first time the Georgia Housing and Finance Authority is bringing a PAC tranche in several years.

When Chicago barred media from its investor conference, it told journalists the policy aligned with peer municipalities' practices. The facts are less clear.