The Bond Buyer back issues from March 2000:
A Titanic Tender Offer - The L.A. DWP Joins Debt-Buyback Trend.(Statistical Data Included)
Mar 01, 2000; ... LOS ANGELES - The Los Angeles Department of Water and Power plans to price up to $700 million of variable-rate debt today to fund what participants call one of the largest tender offers in municipal finance history, a move that links the department to a growing trend within the ...
Bond-Processing Meeting Held As NASD's TRACE Draws Fire.
Mar 01, 2000; ... WASHINGTON - The Municipal Securities Rulemaking Board is meeting with regulatory and industry officials today to discuss how to develop a bond-processing system for the fixed-income market that will allow trades to be settled within one day, promote greater price transparency, ...
New Issues Still Stuck in 'Dry Season' - Players: interest Rates Are the Culprit.(Statistical Data Included)
Mar 01, 2000; ... Sluggish borrowing continued in the municipal market during February, though the slowdown was less severe than in the first month of 2000. February's volume declined 31.3% from the same month in 1999, following a January that was off 47.3% over last year. Rising ...
The Digest.(Statistical Data Included)
Mar 01, 2000 ... Municipal dollar bonds gained 1/8 to 1/4 of a point in spots yesterday and underwriters lowered select yields on new issues, while traders said bids were strong for specialty items, including noncallable and discount bonds, giving market tone an added luster. Complete market coverage by ...
Tuesday's Market: Long Munis End Up 1/8 to 1/4; Buyers Pay Up for Specialty Items.(Statistical Data Included)
Mar 01, 2000; ... Municipal dollar bonds gained 1/8, to 1/4 of a point in spots yesterday, and underwriters lowered select yields on new issues, while traders said bids were strong for specialty items, including noncallable and discount bonds, giving market tone an added luster. Municipals have ...
News In Brief.
Mar 01, 2000 ... Consumer Confidence Down to 141.8 in Feb. NEW YORK -- The Conference Board's consumer confidence index slipped to 141.8 in February after posting a record high of 144.7 in January, the board reported yesterday. The index came in slightly lower than expectations -- a ...
Minnesota's Flush Coffers Inspire Debate Among Politicians.
Mar 01, 2000; ... CHICAGO - Minnesota finance officials tacked on an additional $229 million Tuesday to the $1.6 billion surplus announced late last year, escalating a clash between Republicans, Democrats, and Gov. Jesse Ventura over the windfall's fate. The annual February budget ...
Plant Issue Continues Tampa Water's Quest for Public-Private Partnership.(Statistical Data Included)
Mar 01, 2000; ... TAMPA - Tampa Bay Water's innovative public-private partnership to build and operate one of the world's largest desalination plants is expected to involve about $100 million of tax-exempt bonds which will come to market later this year. Panelists speaking at The Bond ...
Consultants Are Here to Stay, But Beware of Appearances.
Mar 01, 2000; ... TAMPA - The role consultants play in the municipal marketplace and the degree to which their influence is disclosed to potential investors provided fodder for a group of panelists at The Bond Buyer's Florida Public Finance Conference. It was clear from the discussion ...
Orlando Road Deal Provides Model For Speeding Infrastructure Projects.(Statistical Data Included)
Mar 01, 2000; ... TAMPA - Public-private partnerships can be paired with more traditional municipal finance tools such as special assessment districts to accelerate construction of needed public infrastructure, panelists at The Bond Buyer Florida Public Finance Conference said here yesterday. ...
Florida's High-Wage Job Growth Will Get Even Better, Expert Says.
Mar 01, 2000; ... TAMPA - Florida's large tourism industry has given the state a reputation as a haven for low-paying jobs, but employment on the higher end of the wage scale is actually growing faster and is likely to get a boost from a nationwide rebound in the manufacturing sector this year, ...
Capital Watch.(Statistical Data Included)
Mar 01, 2000 ... AIRPORTS Projects Face a Mass Grounding Hundreds of airport projects worth over $1.2 billion are currently on hold and risk being cancelled due to the five-month lapse in federal funding for the Airport Improvement Program, a report prepared by two ...
High-Yield Focus: Some Players Pine for the Safety of Still-Hypothetical Tax-Exempt CBOs.(Statistical Data Included)
Mar 01, 2000; ... Burdened by the ownership of rapidly cheapening high-yield bonds, investors are looking more than ever for ways to sell their riskiest paper at investment-grade prices, and are increasingly exploring the possibility of collateralized bond obligations or other similar structures. ...
Fund Flows: Losses Ebb a Bit But Stay Negative; No Inflows in Sight.(Statistical Data Included)
Mar 01, 2000; ... Municipal bond funds, hit once again by outflows, lost $4 billion in January, according to data from the Investment Company Institute. Coming off one of the worst years for municipals in recent history, many players had expected outflows to ease up after tax-loss selling ended ...
Deal in Focus: S.D. Issue Gets Last-Minute Tweak to Allay Investor Concerns.(Statistical Data Included)
Mar 01, 2000; ... CHICAGO - Investor concerns over the application of the Securities and Exchange Commission's Rule 2a-7 caused a Minneapolis bank to change its bankruptcy provisions for a South Dakota hospital deal that priced this week. The last-min ute change -- which removed ...
Midwest Bond-Watch.(Statistical Data Included)
Mar 01, 2000 ... ILLINOIS RFP for CHA The Chicago Housing Authority this week formally released a request for proposals for financial advisers to devise a borrowing plan for financing the agency's $1.5 billion "transformation" project. The agency is considering selling as ...
LARGEST ISSUES: February 2000.(Statistical Data Included)
Mar 01, 2000 ... Sale AmountIssuerDate $500.0California, GOs (cpt)Feb 23 496.3Massachusetts, GOsFeb 17 400.0Broward County, Fla., solid wasteFeb 29 344.6Metropolitan Transportation Authority, N.Y.Feb 10 336.9...
NEW-ISSUE VOLUME NOTES.(Statistical Data Included)(Illustration)
Mar 01, 2000 ... The new-issue volume tables are based on information compiled by The Bond Buyer from Thomson Financial Securities Data's data base on Tuesday, Feb. 29, 2000. All figures are preliminary and subject to revision. Private placements and municipal forward sales are included in the volume ...
LONG-TERM BONDS: February.(Illustration)(Statistical Data Included)
Mar 01, 2000 ... 20001999 VolumeNo. ofVolumeNo. ofPct. ($000s)Issues($000s)IssuesChg TOTAL$11,633,800 508 $16,928,900 1,106 -31.3% Development190,600 20 544,300 62-65.0 Education2,782,400 186...
LONG-TERM BONDS: January-February.(Statistical Data Included)
Mar 01, 2000 ... 20001999 VolumeNo. ofVolumeNo. ofPct. ($000s)Issues($000s)IssuesChg TOTAL$21,176,900 1,034 $35,021,500 2,081 -39.5% January9,543,100 526 18,092,600 975-47.3 February11,633,800 508 ...
BOND SALES BY STATE: January-February.(Statistical Data Included)
Mar 01, 2000 ... 20001999 StateRankVolumeRankVolumePct Chg Alabama 30$164,50022$439,100-62.5% Alaska49 9,80033 268,200-96.3 Arizona3799,70013599,700 -83.4 Arkansas 36110,70036208,000-46.8 California3 1,782,0001 ...
Market Indicators.(Statistical Data Included)
Mar 01, 2000 ... Dollar amounts are in millions Day's20002000 DailyYesterdayChangeHigh DateLow Date Municipal Bond Index 92-24+3/3292-24 (2/29)91-04 (1/20) 40 Average Dollar Price94.43+0.10 94.43(2/29)91.93 (1/20) Average Yield to Par Call ...
Municipal Market Data General Obligation Yields.(Statistical Data Included)(Illustration)
Mar 01, 2000 ... AaaAaa (pure)(ins)AaABaa 20014.134.204.18 4.28 4.58 20054.945.065.045.215.45 20105.23 5.355.33 5.505.85 20155.585.705.685.846.20 2020 5.80 5.945.906.076.34 20255.87...
U.S. Securities Prices.(Statistical Data Included)(Illustration)
Mar 01, 2000 ... Prices as of 3:45 p.m. EDT. Source: GovPX Inc.'s Prophesy Treasury Pricing Treasury Bills Yesterday'sPrev. Day'sYesterday'sTotal (in percent of discount) Bid/OfferBid/OfferBid YieldVolume 3M -- 6/1/20005.615/610 5.655/6505.7751,067 6M -- ...
Short-Term Tax-Exempt Yields.(Statistical Data Included)(Illustration)
Mar 01, 2000 ... Feb 29, 2000Feb 28, 2000Mar 2, 1999 Selected MIG-1/SP-1+ Notes California Rans 4s (June 00)3.503.552.82 Los Angeles Co Trans 4s (June 00)3.503.552.82 Texas Trans 4 1/2s (Aug 00)3.953.98 2.93 Municipal Market Data Commercial Paper (30-Day)3.85...
Futures Markets.(Statistical Data Included)(Illustration)
Mar 01, 2000 ... Tuesday, February 29, 2000 Municipal Bond Index Del. MonthHigh Low SettleChange Mar 0093-1493-0593-09+9 Jun 00 92-20 92-1192-15+7 Estimated number of contracts traded: 4,200 Number of contracts traded on 2/28: 3,658 Open interest on 2/26: 21,630 down 222 ...
Reoffering Yields.(Statistical Data Included)(Illustration)
Mar 01, 2000 ... NRO - Not Reoffered; S.B. - Sealed Bid; SNA - Sold, Not Available Offer AmountDate ($Mil) NEW OFFERINGS 1 Year 5 10 15 20 25 30 2/29 44.4Fort Worth, Tex. (Aa2/AA) NRO5.005.405.80 ... ... .... RECENT OFFERINGS Aaa -- AAA 2/1030.0Irving, Tex. ...
New-Issue Balances.(Statistical Data Included)(Illustration)
Mar 01, 2000 ... (,000 Omitted)*Since initial reoffering Revised upward since last report AmountDateNEW OFFERINGSSoldBalance $44,4002/29Fort Worth, Tex.$35,390$9,010 34,5002/29Holden, Mass.20,50014,000 ...
Municipal Bond Index.(Statistical Data Included)(Illustration)
Mar 01, 2000 ... 3 pmNoon3 pmNoonWeek YesterdayYesterdayPrev. DayPrev. DayAgo The Bond Buyer Municipal Bond Index92-24 92-24 92-21 92-21 92-17 Tuesday, February 29, 2000MaturityPar CallDollar Conversion Converted Date...
Municipal Bond Prices.(Statistical Data Included)(Illustration)
Mar 01, 2000 ... These 40 bonds are priced and evaluated daily at about 3 p.m. by 5 municipal bond dealer-to-dealer brokers: Butler, Larsen, Pierce & Co.Chapdelaine & Co. Hartfield, Titus & Donnelly, LLC J.J. Kenny Drake Inc. Municipal Partners Inc. All figures are rounded to the nearest eighth when ...
Merrill Lynch Corporate Bond Indexes.(Statistical Data Included)(Illustration)
Mar 01, 2000 ... Performance Comparisons for February 28 2000 Aaa-Baa Rated Corporates Index Avg.Pct. ofTotal Return % CloseYield MarketPrior Wk. Y-T-D ML Corporate Master1003.317.84 100.00-0.070.53 Intermediate (1-10 years)729.627.73 85.330.310.36 ...
Recent Tables.
Mar 01, 2000 ... Weekly Best and Worst Mutual Fund PerformersMonday Bond Buyer Indexes Friday Bond Call CalendarWednesday Bond Elections Wednesday Credit CalendarFriday General Obligation Bond Prices Monday Legislative Status ReportMonday Merrill Lynch Corporate Bond IndexesTuesday ...
Municipal Bond Index Update.(Statistical Data Included)(Illustration)
Mar 01, 2000 ... The list of bonds priced for the Municipal Bond Index was revised after the February 29 pricing. The new coefficient is 0.9608. It was derived by dividing today's index (92.752431) by the average converted price of the new set of 40 bonds (96.538238). The new average coupon is 5.78%, the ...
Amtrak Aims First Tax-Exempt Deal at Infrastructure Needs.(Brief Article)
Mar 01, 2000; ... The National Railroad Passenger Corp. -- better known as Amtrak -- is putting together what is believed to be its first ever tax-exempt bond sale, and if all goes according to plan, officials with the commuter railroad say it won't be the last. Amtrak plans to sell about $155 ...
Competitive Note Offerings.(Brief Article)(Statistical Data Included)(Illustration)
Mar 01, 2000 ... ISSUER ST DESCRIPTION AMOUNT ($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING INSURER MDY'S S&P FITCH BANK-QUAL. LATEST DETAILS Wednesday, March 1 Middlebury CT GO Bond Antic (Tax) 580 12 pm E IBIC ...
Competitive Bond Offerings.(Brief Article)(Statistical Data Included)(Illustration)
Mar 01, 2000 ... *Tentative amount; raf=rating applied for; NR=Not Rated ---- ISSUER ST DESCRIPTION AMOUNT ($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING INSURER MDY'S S&P FITCH BANK-QUAL. LATEST DETAILS Wednesday, March 1 + ...
Results of Competitive Sales.(Statistical Data Included)(Illustration)
Mar 01, 2000; ... ARKANSAS Nettleton Special School District Feb 29, 2000 $1,900,000 Construction Bonds (bank qualified). Dated Mar 1, 2000. Due Jun 1, 2002 to 2016. Callable Dec 1, 2004 at par. Winning bid: First Tennessee ...
Results of Negotiated Sales.(Brief Article)(Illustration)(Statistical Data Included)
Mar 01, 2000; ... MISSOURI Missouri Health & Educational Facilities Authority Feb 28, 2000 $67,000,000 Educational Facilities Revenue Bonds (The Washington University), Series 2000A (book entry). Dated Mar 1, 2000. Due Mar 1, 2030. First ...
Bond Calls & Redemptions.(Statistical Data Included)(Illustration)
Mar 01, 2000 ... PA=Paying Agent; RE=Registrar; TR=Trustee ISSUE AMOUNT DATED DATE DUE DATE CALL DATE CALLER STATUS NORTH CAROLINA North Carolina Housing Finance Agency, single family revenue bonds, 1985 Series WW n/a n/a n/a Mar 1, 00 First Union TR ...
Sealed Bids Invited.(Brief Article)(Illustration)(Statistical Data Included)
Mar 01, 2000; ... CONNECTICUT Town of South Windsor $3,000,000 (Exact) Sealed bids 12 pm EST Mar 16. General Obligation Bond Anticpation Notes (bank qualified) (book entry). Dated Mar 22, 2000. Due Mar 21, 2001. L.O.: Robinson ...
Negotiated Bond Offerings.(Brief Article)
Mar 01, 2000 ... Tentative dates for negotiated sales of $5 million or more. raf=rating applied for; NR=Not Rated ---- ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER INSURER MDY'S S&P FITCH FIRST APPEARED Week Of February 28 California Rural CA Rev...
Municipal Bond Elections.(Illustration)(Statistical Data Included)
Mar 01, 2000; ... Saturday, March 04, 2000 *$18,025 Clare SD, MI *$3,135 Clare SD, MI *$19,230 Fennville Public SD, MI *$4,510 Fennville Public SD, MI Monday, March 06, 2000 *$1,430 White Pine SD, MI Tuesday, March ...
On the Road to E-Commerce: Not-For-Profit Hospitals Play Catch-Up With the Private Sector By Marni Halasa and Ola Fadahunsi.
Mar 02, 2000 ... Like every other traditional industry taking on sleek young Web-based competitors, the health-care business has been racing to develop strategies for successful entry into the e-commerce game. Industry insiders call the burgeoning industry e-health, and according to the online ...
A Long-Term Gamble Medstar Bets on Growth in Washington-Baltimore Corridor By Don Yacoe.(Illustration)(Statistical Data Included)
Mar 02, 2000 ... At a time when many large healthcare systems are scaling back on expansion plans, Medstar Health is forging ahead. On the heels of the marriage of Medlantic Healthcare and Helix Health that formed Medstar in mid-1998, the Columbia, Md.-based provider is now in the final stages of ...
Cashing in on Real Estate: Using Leasing to Improve the Bottom Line By Monica Showalter.
Mar 02, 2000 ... For not-for-profit hospitals, capital is like life support. But as hospital stays grow shorter, drawing less revenue, and as information-technology costs mount and legislation brings new infrastructure requirements, these health-care organizations are finding their access to capital is ...
Financing Technology Initiatives: Finding New Ways to Fund IT Budgets With Cash By Marni Halasa.(hospital financing of information technology)
Mar 02, 2000; ... "Show me the money." The mantra of football star Rod Tidwell in the movie Jerry Maguire is becoming the mindset of many financial executives being bombarded with proposals for expensive information technology. "CEOs and hospital boards are saying, 'Before we allocate additional ...
Technology Funding at Kaiser Permanente An Interview with CIO Tim Sullivan.(Brief Article)(Interview)
Mar 02, 2000 ... What portion of your operating budget do you allot to information systems? We plan on allocating 5% of our total operating budget to information systems. It's remaining flat from 1999 to year 2000. But, obviously, because Y2K money doesn't have to be spent anymore in 2000, ...
IDS IT Operations Spending.(Brief Article)
Mar 02, 2000 ... Revenue 1999 1998 Sample Category (% of total spending) (% of total spending) Size < $500 M 3.60% 2.60% 42 $500 M - $999 M 3.34% 3.50% ...
An Encouraging Sign Medicare Givebacks May Indicate a Charge in Climate By Jennifer Karchmer.(Brief Article)
Mar 02, 2000 ... One small step in Medicare reimbursement reform could mean a much larger step for the industry. That motto has been swirling around the non-profit health-care community ever since the federal government approved a budget late last year that included Medicare givebacks to systems ...
HIGHLIGHTS OF MEDICARE GIVEBACKS UNDER THE BALANCED BUDGET REFINEMENT ACT.(Brief Article)(Statistical Data Included)
Mar 02, 2000 ... Medicare HMOs get substantial relief: $4 billion Rollback of cuts in Medicare payments for outpatient services: $3.6 billion Changes in formula used to update physician payments: $3 billion Payments for skilled nursing patients requiring the most care ...
25 Top Hospital Mergers Announced in 1999 Ranked according to bed size of target hospitals.(Brief Article)(Illustration)(Statistical Data Included)
Mar 02, 2000 ... Target Target's Acquirer's Rank Target Home State Beds Acquirer Home State Date Completed? 1 Franciscan Health Partnership NY 2,690 Bon Secours Health System MD May 3 No 2 Holy Cross Health System ...
Medstar Health Inc. - Key Financial Statistics.(Brief Article)(Illustration)(Statistical Data Included)
Mar 02, 2000 ... (In millions) 1999 1998 1997 Net Patient Revenues: 1,448 1,398 1,292 Net Operating Revenue 1,529 1.470 1,354 Operating Income -118.2 -21.2M 50.2 Operating Margin (Fitch)* -9.8% -2.0% 0.9% Net ...
TWO CASE STUDIES.(use of synthetic operating leases by hospitals)(Brief Article)
Mar 02, 2000 ... CENTRAL WASHINGTON HOSPITAL USES A SYNTHETIC OPERATING LEASE Central Washington Hospital in Wenatchee, Wash., used a synthetic operating lease to buy a new medical office building and at the same time sell an old one. "We wanted to build a modern office ...
MARYLAND'S UNIQUE RATE-SETTING ENVIRONMENT.(hospital rates)(Brief Article)
Mar 02, 2000 ... As recently as 1980, 30 states set their own rates for hospital services. Since then the climate has changed dramatically. After New York State's lawmakers ended its rate system on Jan. 1, 1997, Maryland remained the only state to set prices for health care services. The system is ...
IRS Wants Bond Lawyers' Input On Outlining Appeal Options.(Brief Article)
Mar 02, 2000 ... WASHINGTON - The Internal Revenue Service is working with bond lawyers to draft form letters that would inform issuers of their appeal options when the agency has determined their bonds are taxable. The IRS is reaching out to the American Bar Association and the ...
GOP Kills Bond PlanFor Schools: Package Included More QZAB Uses.(Qualified Zone Academy Bonds )(Brief Article)
Mar 02, 2000 ... WASHINGTON - Attempts to create new taxable tax-credit bonds continue to be shot down by Republicans, as the Senate yesterday rejected a proposal that would have allowed states and localities to sell $24.8 billion in such debt for school construction. The Senate ...
The Digest.
Mar 02, 2000 ... Prices of long-dated municipal bonds were only 1/8 of a point higher yesterday, but traders reported a healthy bid for bonds throughout the yield curve. Meanwhile, Lee County, Fla., dominated new-issue action with a $327 million airport bond offering. Complete market coverage by Sean ...
A First for Multifamilies: Colorado Agency Unveils New Housing Structure.(Colorado Housing and Finance Authority new multi-lien bond structure)(Brief Article)
Mar 02, 2000; ... DALLAS - The Colorado Housing and Finance Authority today expects to roll out its new multi-lien bond structure when it prices the first $12 million installment of a $90 million issue to be sold in coming weeks. The Denver-based authority, which transplanted to its ...
Wednesday's Market: Municipal Prices See Modest Gains; Florida County Deal Leads Primary.(Brief Article)
Mar 02, 2000 ... Prices of long-dated municipal bonds were only 1/8 of a point higher yesterday, but traders reported a healthy bid for bonds throughout the yield curve. Meanwhile, Lee County, Fla., dominated new-issue action with a $327 million airport bond offering. Market participants ...
News in Brief.(bond news)(Brief Article)
Mar 02, 2000; ... Allen Co., Ind., OKs Tax to Back Bonds CHICAGO -- The Allen County, Ind., council yesterday voted unanimously to use food and beverage tax revenue to back a $19 million to $28 million bond issue to expand the Allen County War Memorial Coliseum. Indiana Gov. Frank ...
A Correction.(to article in Feb. 9, 2000, issue)(Brief Article)(Correction Notice)
Mar 02, 2000 ... An article in the Feb. 9 Investors & Investing section on Merrill Lynch & Co.'s unlimited advantage program misstated the annual fees charged to clients. Fees are a maximum of 1% of a customer's ...
Iowa Lawmakers Consider Bill for School Bond-Enhancement Plan.(Brief Article)
Mar 02, 2000; ... CHICAGO - Bonds issued by Iowa schools -- especially ones in rural areas that fall short of a single-A credit ranking -- would receive a boost under a proposal state lawmakers are now considering to establish a school credit-enhancement program that would send state aid directly ...
D.C. Council Members Seek CFO's Ouster After More Audit Delays.(District of Columbia's city council tries to oust district chief financial officer Valerie Holt)(Brief Article)
Mar 02, 2000; ... WASHINGTON - Citing repeated audit delays, a majority of the members of the District of Columbia's city council are pressuring the financial control board to dump district chief financial officer Valerie Holt. Holt told the District Council Friday that the ...
Little Rock Schools Await Court Ruling on Bond Election.(Brief Article)
Mar 02, 2000; ... DALLAS - The Little Rock School District has asked a federal judge to let it hold a special millage election that would back a $190 million bond issue to help resolve a pending school desegregation lawsuit. The district last month asked U.S. District Court Judge Susan ...
Reassessment Plan Only First Step for Nassau, Experts Say.(Nassau County, N.Y)(Brief Article)
Mar 02, 2000; ... Nassau County, N.Y.'s announcement Wednesday that it plans to develop a new method of measuring property taxes -- after years of denying that its tax-assessment system was creating financial problems and other difficulties -- has drawn a mildly positive response from municipal market ...