TIF expert is adviser to many municipalities
Loren Matthes helped broker first tax-increment financing deal in the state
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Carmel councilors want final say on city’s debt
Carmel City Councilor Eric Seidensticker on Thursday morning proposed an ordinance that would require the council to sign off on any additional debt. The ordinance is backed by at least five of the seven councilors.
Bond banks in Indiana, other states boost sales
State municipal-bond banks in Indiana, Vermont, Maine and New Hampshire plan to issue about $190 million in debt this week, as smaller communities seek to take advantage of 10-year interest rates near a six-week low.
CIB approves refinancing Conseco, dome bonds
The move is expected to save $8 million to $9 million over the life of the bonds.
IU Health readies bond sale
The Indianapolis-based hospital system plans to sell $228.2 million in bonds this week to refinance existing debt and pay to finish construction of its Saxony hospital in Fishers, set to open late this year.
Investor rates bond for Palladium among nation’s best
Municipal bond manager Josh Gonze of Thornburg Investment Management in Santa Fe, N.M., picked the $80 million bond on Carmel's Palladium concert hall as one of the six best in the nation.
City sells North of South bonds, locks in 5.2-percent rate
The city of Indianapolis went to the bond market last month to sell $97 million in debt for the $155 million North of South hotel and retail project near the Eli Lilly and Co. campus.
SKARBECK: Fed’s monetary policies drag down bond returns
Inflation is a sinister sort of tax that confiscates wealth. Bonds will lose value in an inflationary environment as interest rates rise.
Lawmakers eye bonds for debt relief
State lawmakers are exploring the idea of paying back more than $2 billion in federal debt for unemployment insurance by issuing tax-exempt bonds.
Bond wariness might make it tough for cities to borrow
Interest rates on municipal bonds have ticked up in the last two months to pre-recession levels as investors have pulled their money from bond funds in droves. That pattern has begun, gradually, to reverse, but the higher rates could add to the cost of issuing debt for pending city projects.
Fitch gives ‘A’ rating to Indiana Historical Society
A strong balance sheet, experienced management, and conservative debt and investment policies contributed to the strong rating.
Bond swaps cost city units $93M in penalties
Wall Street bankers for decades sold municipalities like Indianapolis on debt instruments called swaps as a safe way to reduce
borrowing costs and hedge against rising interest rates. In reality, the swaps were complicated bets that relied
on misguided assumptions, and taxpayers paid.
Clarian hospital system regains its appetite to build
Clarian is planning to spend $1.7 billion in the next five years on capital projects, half of that going to its downtown Indianapolis
campuses.
Wishard construction project enjoying cheap debt
The Health & Hospital Corp. of Marion County got good news in its first round of borrowing to finance a new Wishard
hospital: The cost is less than expected.
Indianapolis Airport Authority credit rating holds steady even as revenue falls
Indianapolis has fared better than some airports in terms of declining revenue, with passengers down
about 10 percent for much of the year and revenue off 16 percent at one point.
Fitch strips Indianapolis of prized AAA bond rating
Fitch and other rating agencies are concerned that the phase-in of property tax caps will further strain the city’s finances.
Auction-rate securities suit names Stifel’s Cohen, others
Among defendants named in a Missouri lawsuit against investment firm Stifel Nicolaus and Co. is Stifel Managing Director Jeffrey
Cohen, who is based in the company’s Indianapolis
office.
Investment losses leave Conseco searching for $400M in horrible environment to raise capital
Without fresh capital â?? or loosened debt obligations â?? Carmel-based Conseco could find itself in bankruptcy or looking
for a buyer or both.
Credit crunch creates bond crisis for CIB
The Capital Improvement Board’s $43 million in debts must be settled soon, or the entity may not be able to survive.
Weird yields for Treasuries evidence of investor angst
A large number of investors are so fearful these days that they have flocked to the safest securities, pushing down interest
rates to virtually nothing.