Municipal Bond Index Update
Changes to the list of bonds used to calculate the Municipal Bond Index after the Oct. 31 pricing.
As of Nov. 1, the new coefficient is 1.0652, the new average coupon is 4.37%, the new average par call date is August 10, 2025, and the new average maturity date is September 15, 2044.
Three bonds are added to the index:
North Texas Tollway Authority
System Revenue and Refunding Bonds, Series 2017
4.00s dated 11/1/2017, due 01/01/2043; rst coupon 01/01/2018; term amount: $100,000,000 ; callable 01/01/2028 at par; ratings: A1/A/NR conversion factor: 0.8512; CUSIP: 66285WWC6; quoted dollar price on revision date: 104.155
Health and Educational Facilities Authorities of The State of Missouri Health Facilities Revenue Bonds, Series 2017C
4.00s dated 11/14/2017, due 11/15/2049; rst coupon 05/15/2018; term amount: $73,000,000 ; callable 11/15/2027 at par; ratings: Aa3/AA–/NR conversion factor: 0.8539; CUSIP: 60637AMK5; quoted dollar price on revision date: 102.321
Washington Healthcare Facilities Authority Tax-Exempt Revenue Bonds, Series 2017B
4.00s dated 11/14/2017, due 08/15/2041; rst coupon 02/15/2018; term amount: $100,000,000 ; callable 02/15/2028 at par; ratings: Aa3/AA–/AA– conversion factor: 0.8512; CUSIP: 93978HTS4; quoted dollar price on revision date: 102.450
Three bonds are removed from the index in accordance to the index criteria:
3. Lehigh Co Auth PA water 5.00s due 12/01/2043
8. Chattanooga Hlth Educ & Hsg TN 2.25s due 01/01/2045
35. California Hlth Facs Fin Auth 4.00s due 11/01/2044