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This article presents information related to paper stocks in the U.S. which have been on fire of late, partly because of an industry upturn stemming from a lift in overseas demand, including a pickup in Asia. There are also expectations of more takeovers. One stock on a tear is Champion International, a producer of paper and wood products, which leaped from 48 on October 5, 1999 to 59 on November 10, 1999. Finland's big paper-and-forest-products company, Big Board-listed UPM-Kymmene, may make a bid for Champion.

The article reports on the paper released by the National Federation of Municipal Analysts (NFMA) on best practices in bank loan disclosure in the U.S. Topics covered include the municipal debt market, the opaque segment's increased attention from regulators, and direct purchases of bonds by banks. Also mentioned is the importance of analysts' access to bank loan information.

Reports on the Alaska Housing Finance Corp.'s sale of the first chunk of its domestic commercial paper program in March 1999. Security of the commercial paper by the corporation's own liquidity rather than a third-party facility; Flexibility of the paper which allows its deals to be structured as either taxable, tax-exempt, or subject to the alternative minimum tax.

The article discusses proposals by the authors of a paper from Brookings Institution's Hamilton Project to address the need for investments in infrastructure in the U.S. Topics discussed include the proposed revival of the Build America Bond (BAP) program, structural inefficiencies of traditional tax-exempt bonds, and the call for the efficient use of the Army Corps of Engineers. Also mentioned are the proposals to reform the Harbor Maintenance Trust Fund and the federal gas tax.

Reports on the seizure of $135 million worth of stolen British government bonds. Information that the bonds were found by U. S. Customs agents during a routine search of goods bound for South America on September 6, 1990; Report that the notes recovered at the Miami airport are part of a haul of 292 notes with a face value of $900 million stolen at knifepoint from London couriers in May; Report that there have been 14 arrests made in connection with the heist.

This section offers news briefs on U.S. finance as of September 1949, which includes the 9.4 million U.S. dollars earned by Consolidated Edison Co. Inc. of New York in the June quarter, the refinancing of 52 million U.S. dollars worth of bonds issued by Illinois Central that is to mature in six years and the 3.3 million U.S. dollars net loss seen by Textron Inc. for the first half of 1949.

Reports that Minnesota-based solid waste company Liberty Paper Inc. has reached a settlement with the U.S. Internal Revenue Service's (IRS) appeals office with regard to private-activity bonds. Impact of outcome on the treatment of pending audits by the IRS; Views expressed by IRS national director for tax-exempt bonds Mark Scott on the significance of settlement; Details of Liberty Paper's case.

The article discusses the $1.25 billion 30 year deal launched by Depfa ACS Bank and placing 88% of the paper with U.S. investors. It is said that the covered bond issuance shows the fast development of U.S. demand for covered bonds. Comments from Tim Skeet, head of covered bond origination at Merrill Lynch, on the covered bond are included.

Reports that Dallas Area Rapid Transit will sell 500 million dollars of commercial paper in Dallas, Texas. Long-range capital finance plan; Revenue bonds approved by the voters that will be sold.

Reports on the cancellation of bond issuances in the U.S. as of May 3, 2002. Cause of the cancellation; Companies that cancelled their bond issuances; Impact of the losses incurred by telecommunication companies on the number of bond deals to be done.

The article discusses the response of financial markets to the conclusion of the U.S. quantitative easing (QE) in June 2013. It describes the initial response of traders, sovereign, supranational and agency (SSA) bond issuers and commercial paper dealers to the introduction of QE. It also acknowledges the lack of protests to said QE conclusion despite previous controversies associated with its launch.

The article focuses on the recovery in the credit fault swap markets in the U.S. and in Europe in January 2006. The recovery was influenced by strong purchase of cash bonds. It is believed that the iTraxx Europe and the Crossover Indexes are only back to where they were before the Christmas slowdown and sell-off. Despite the recovery of most sectors, it is expected that the European paper products industry will struggle in the first half of the year.

Stanford University will become California's first private institution of higher education to sell tax-exempt commercial paper revenue notes after a 150 million dollar negotiated deal on March 25, 2003. Once the conduit issuer, the California Educational Facilities Authority of Higher Education of California, completes the transaction, the university's total outstanding debt will amount to 1.4 billion dollar. Stanford's director of finance and bondholder relations, said the university had wanted to launch a tax-exempt commercial paper program for two years.

Reports on the plan of Wisconsin to sell a second general obligation bond issue. Similarity of the extendible notes to traditional commercial paper; Structure of the bond sale.

The article presents updates on bonds issued in sterling. The amount of the deal issued by Centrica PLC was £300 million. The deal issued by Reed Elsevier Investments PLC is brought to diversify away from its usual market in the U.S. and to pay back some outstanding short term sterling commercial paper.

The article reports on the prediction of Moody's that sales of new non-financial high grade corporate bonds in U.S. dollars will go down by 12 percent to 500 billion U.S. dollars in 2010. According to moody's economist Ben Garber, the decline would be triggered by higher borrowing costs and excess cash on corporate balance sheets. It is also expected that the commercial paper market will remain weak.

Presents updates on corporate bonds as of November 12, 2004. Decision of Ford Motor Credit Co. concerning the terms on its bond issue; Impact of several challenges in the U.S. automobile sector on the corporate bond market in Europe; Information on a subordinated debt to be issued by automobile financing company Volkswagen Bank.

The article reports on the 350 million dollar in commercial paper being requested for issuance by the Honolulu City Council of Hawaii for the city's elevated rail transit system that is being opposed by council members. Topics discussed are the updated financing plan presented by the Honolulu Authority for Rapid Transit (HART), the proposed federal urbanized Area Formula Program funds and a potential memorandum of understanding on general obligation bonds and commercial paper issuance for HART.

Reports that the National Association of Bond Lawyers unveiled a position paper discouraging the introduction of laws with retroactive effective dates that can curb bond transactions in the United States. Concerns over bills that will retroactively affect debt issued after the date of the proposal's introduction; Impact of retroactive bills on the value of debt and disclosure procedures for bond attorneys.

Illinois bonds are gaining ground in the secondary, supported by scant supply and recent fiscal developments viewed positively by investors and analysts. [ABSTRACT FROM AUTHOR]

The article reports on the plan of the University of Texas System (UTS) to bring its triple-A credit to two bond deals worth a combined 609 million dollars. Information is provided on the areas where proceeds of the sale will be spent, channels used by UTS for issuing debt, total outstanding UTS Permanent University Fund (PUF) bonds and commercial paper notes as of August 31, 2015, PUF net asset value in the quarter ended February 29, 2016, and annual UTS spending on investment in research.

Reports on an increase of bonds of Ford Motor Credit (FMC) due to lower bond issuance including asset-backed securities in the U.S. as of July 23, 2004. Comments from Joe McCusker, fixed income auto analyst at FTN Financial in New York, on bond issuance of FMC; Background on the October 2008 bond issues of FMC; Plans of FMC concerning its commercial papers.

Reports on the bonds issued by Brascan and Potash in the U.S. dollar bond market. Value of the bonds; Accounts attracted by the bonds; Additional incentives offered by the companies to accounts.

The article reports on the search for a new paper in the U.S. in spring 2012 that will replace the one whose maturity will be in June and July. Municipal bond experts say that the spring this year will have no difference from past years with regards to the heavy demand for new paper. Guy Davidson of Alliance Bernstein says that it is going to be another big reinvestment season.

Reports that Houston, Texas plans to sell $258.59 million of public improvement bonds on November 20, 2002 in a negotiated deal in an effort to defease part of the city's outstanding commercial paper and to refund most of its debt from several annexed municipal utility districts. Co-financial advisers of the city; Co-bond counsel for the deal; Districts annexed by the city.

The municipal bond market is prepping for around $5 billion of new issuance in the upcoming holiday-shortened week. [ABSTRACT FROM AUTHOR]

Reports that Miami Dade Expressway Authority will begin evaluating bids for the commercial paper program to be used in the sale of long-term bonds. Purpose for the agency's hiring of new underwriters; Worth of the total commercial papers; Estimated amount of taxable revenue bonds to be refunded.

Focuses on the launch of a longstanding commercial paper program to provide short-term financing for projects at O'Hare International Airport in Chicago, Illinois. Delay of state tax payments; Approval of the finance committee on the sale of general obligation bonds; Review of revenue projections.

The article offers information on an announcement made by Puerto Rico Electric Power Authority (PREPA) as of August 2014 regarding an agreement between its troubled electric power authority and creditors. Topics discussed include pricing for PREPA's debt, bonds maturing between 2026 and 2044, and effects of tension between Ukraine and Russia on treasury notes of the U.S.

The article focuses on Federal agency debt issues. What is rarely explained to the retail customer is that the sales compensation earned by the broker on federal agency securities is considerably greater than on Treasurys. The agency paper, although rated triple-A, is a smidgen riskier than U.S. Treasury paper. There are three drawbacks to the agency issues. One is that unlike Treasurys, they are often subject to state income tax. Depending on the circumstances, that can easily erase the entire yield advantage over Treasurys. Secondly, liquidity isn't as good among the thousands of smaller agency offerings as it is on Treasurys. Thirdly, while only a small fraction of Treasury bonds are callable before maturity, a great many agency bonds are callable.

The article reports on the increase in the trading of Puerto Rico bond in the secondary market in the U.S. The increased trading is driven by the enactment of a fiscal 2007 budget by the commonwealth. Analysts claim that the Puerto Rico market is stable with a spread of 10 to 15 basis points on insured bonds from commonwealth issuers. Compared to bonds issued by states, the Puerto Rico bond trades higher.

Reports on the closure and oversubscription of a three-year financial transaction issued by the European Investment Bank, in spite of a rate cut by the U.S. Federal Reserve Board in April 2001. Impact of the interest rate cut on demand for EIB bond issue; Percentage of bond issues bought by Asian investors; Skepticism of some bankers on the bond issue.

Focuses on the plan of the state of California to competitively price the general obligation bonds. Maturity of Series A notes; Percentage yield of Series B notes; Use of institutional pricing.

Reports on dealers' suggestion that clients buy long in health care, transportation and housing as market volatility continues to roil bonds and stocks in the United States. Attraction of ten-year paper to investors looking for the best buy compared with Treasuries; Retail investors' awaiting of comeback of 5% coupons; Bonds in demand.

Announces the plan of Harris County in Texas to sell general obligation bonds within November 2003. Types of bonds include in the deal; View of Edwin Harrison, director of finance for the county, on the proposed deal; Projects that would benefit from the sale of bonds.

Discusses the water and wastewater system revenue refunding bonds to be sold by the state of Austin in the first week of February 2003. Purpose behind the sale of bonds; Insurers of the deal; Program that provides interim finance for the state's capital needs.

Reports on the growth of investors demand for bond offering in the market as of April 17, 2003. Reason for the strong demand for bond offering; Lack of offering in the U.S. bond market; Highlights on major deals in the global bond market.

Reports on the proposal of the New York City to sell multi-million dollar long-term revenue bonds and commercial paper to help finance the redevelopment of a largely industrial neighborhood on Manhattan's far West Side. Selection of senior managers for the program; Establishment of the Hudson Yards Infrastructure Corp.; Statement of Mark Page, director of the city's Office of Management and Budget.

Reports that collapsing spreads and tough laws regarding bond issuance in Colorado have left investors guarding their purchased bonds with zeal. Issuance of the Denver International Airport bonds by the city and county of Denver; Performance of the Philadelphia, Pennsylvania-based Delaware-Voyageur Group of Funds; Affinity of funds for seasoned papers.

Reports that the U.S. Federal Reserve Board proposed in October 2004 that it halt the processing of bearer or paper bonds and coupons for depository institutions by the end of 2005, claiming the service will no longer be cost effective and will cause the board to violate a federal law.