Refunding bonds

Luzerne County’s debt refinancing package turned out much better than planned.

The bonds will refund debt the city sold in 2012 and 2013.

The record $2.5 billion of refunding bonds from North Texas Tollway Authority attracted $19 billion of orders.

The city is looking for banks to lead a tender offer and refunding of bonds issued as part of its bankruptcy exit.

The toll revenue bond deal will put the authority's debt under one indenture.

The state will restructure an escrow account created to advance refund bonds that were found not to be callable.

The development sector grew by 36% and public facilities climbed by 11%, making them the sectors that grew by the largest percentage in the first half of the year. The sectors with the biggest declines were electric power at 55% and utilities at 23%.

The municipal market got off to a fast start in terms of issuance this year, picking up in January right where it left off from 2016’s record-setting totals. However, the pace of issuance has since slowed, leaving 2017 first-half volume lagging last year's levels.

Chicago Mayor Rahm Emanuel told investors the city will soon launch the new debt issuance vehicle.

Grand Haven city officials have signed a bond sale agreement that is expected to save city residents money on interest payments related to the repayment of the 2008 voter-approved infrastructure bond.

Oregonians can expect construction and some $40 million in savings after bond issuances.

Tallahassee, Fla., plans to price $150.3 million of energy system refunding bonds.

June, July, and August are projected to set a new record for redemption season, generating more than $100 billion of proceeds from called and maturing bonds.

Atlanta closed Thursday on its $226.2 million water and wastewater refunding.

Atlanta’s $226.2 million water and wastewater refunding deal received $634.7 million in orders.

NEWBERRY COUNTY, S.C. -- During a specially called meeting on Wednesday, Newberry County Council approved a resolution and had first reading of an ordinance that will allow Newberry County Memorial Hospital to refinance some of its existing debt.