Refunding bonds

The Illinois Toll Highway Authority’s $698 million refunding eliminates its synthetically fixed debt in favor of fixed-rate paper.

Ann Arbor Public Schools, which recently won $1 billion of new money authorization, will price $55 million of taxable bonds.

The Lansing Board of Water and Light will sell $252 million to refund bonds it issued in 2011.

The city is folding together separate syndicate and advisor teams on $1.2 billion of general obligation and Sales Tax Securitization Corp. refunding deals.

The town of Waterford decided to go ahead with refunding its $15,640,000 in general obligation bonds at its recent Representative Town Meeting.

The Foothill/Eastern Transportation Corridor Agency's $892 million deal is expected to yield $100 million in present value savings.

The hospital system will price up to $1.7 billion of bonds this week, of which up to $1.4 billion would be taxable.

Some market participants worry about the viability of a key muni advocacy talking point if enough midsize issuers begin to embrace the taxable market.

Rating agencies affirmed Chicago's GOratings and the first report also out on the new junior lien Sales Tax Securitization Corp. credit.

The Metropolitan Pier and Exposition Authority, restored to investment grade by S&P Global Ratings last year, plans to sell a total of $923 million.