Municipal Calendar: California organizes $2.4 billion bond offering

Week of March 11

DAYTON CITY SCHOOL DISTRICT (OHIO): $98.35 million series 2013 general obligation refunding bonds (Aa2//AA); negotiated; PNC Capital Markets LLC (lead); KeyBanc Capital Markets Inc. (co-manager); proceeds to refund the district's series 2003B and 2003D school construction and improvement bonds; pricing week of March 11.

• $94,505,000 series 2013A unlimited tax G.O. refunding bonds due 2013 to 2022

• $3,845,000 series 2013B limited tax G.O. refunding bonds due 2013 to 2023

DURHAM CAPITAL FINANCING CORP. (NORTH CAROLINA): $108.4 million series 2013 limited obligation bonds (Aa1/AA+/); negotiated; Wells Fargo Securities LLC (lead); Stephens Inc. and Rice Financial Products Co. (co-managers); bonds due 2014 to 2033 with term bonds due 2038 and 2043; proceeds to construct a county courthouse, renovate a county storage facility and renovate the county's judicial building; pricing week of March 11.

LOUISIANA: $84,035,000 series 2013A state highway improvement revenue bonds (Aa3/AA-/AA-); negotiated; Citigroup Global Markets Inc. (lead); Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan and Stephens Inc. (co-managers); bonds due 2014 to 2033; proceeds to fund state highway improvements; pricing week of March 11.

MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY/MEDSTAR HEALTH: $127,195,000 series 2013A revenue bonds (A2/A-/A); negotiated; Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (lead); BofA Merrill Lynch, Loop Capital Markets LLC, RBC Capital Markets LLC, US Bancorp Investments Inc. and Wells Fargo Securities LLC (co-managers); proceeds to finance capital projects and refund authority's series 1998A-B revenue bonds; pricing week of March 11.

NEW HAMPSHIRE HOUSING FINANCE AUTHORITY: $121 million series 2013A taxable single-family mortgage acquisition revenue refunding bonds (Aa3); negotiated; George K. Baum & Co. (lead); BofA Merrill Lynch, RBC Capital Markets LLC and Morgan Stanley & Co. LLC (co-managers); bonds due 2013 to 2023 with term bonds due 2027, 2030 and 2034; proceeds to refund existing mortgage acquisition bonds issued between 1996 and 2003; pricing week of March 11.

NEW YORK STATE URBAN DEVELOPMENT CORP.: $827.55 million series 2013 general purpose state income tax revenue bonds; negotiated; Wells Fargo Securities LLC and RBC Capital Markets LLC (lead); Ramirez & Co. Inc., Rice Financial Products Co., BofA Merrill Lynch, Barclays, Citigroup Global Markets Inc., Goldman, Sachs & Co., Jefferies, M.R. Beal & Co., Loop Capital Markets LLC, BNY Mellon Capital Markets LLC, Blaylock Robert Van LLC, CastleOak Securities LP, Fidelity Capital Markets Inc., Janney Montgomery Scott LLC, KeyBanc Capital Markets Inc., Lebenthal & Co., M&T Securities Inc., Mesirow Financial Inc., Oppenheimer & Co., Piper Jaffray & Co., Prager, Sealy & Co. LLC, Raymond James/Morgan Keegan, Roosevelt & Cross Inc., Southwest Securities Inc., Sterne, Agee & Leach Inc., Stifel, Nicolaus & Co. Inc., TD Securities (USA) LLC, The Williams Capital Group LP and US Bancorp Investments Inc. (co-managers); proceeds to finance economic development projects; pricing week of March 11.

• $556,695,000 series 2013A-1 bonds due 2019 to 2043

• $68,975,000 series 2013A-2 bonds due 2014 to 2026

• $201.88 million series 2013B taxable bonds due 2014 to 2019

OHIO HOUSING FINANCE AGENCY: $215.61 million series 2013 single-family mortgage revenue bonds (Aaa); negotiated; George K. Baum & Co. (lead); proceeds to finance mortgage loans; pricing week of March 11.

• $149.5 million series 2013-1 taxable bonds

• $66.11 million series 2013-2 taxable bonds

SHELBY COUNTY HEALTH, EDUCATIONAL AND HOUSING AUTHORITY (TENNESSEE): $65.66 million of series 2013 revenue refunding bonds; negotiated; RBC Capital Markets LLC (lead); Raymond James/Morgan Keegan and Duncan-Williams Inc. (co-managers); proceeds to current refund the authority's series 2007A variable-rate demand bonds; pricing week of March 11.

• $58,535,000 series 2013A bonds

• $7,125,000 series 2013B bonds

TULSA METROPOLITAN UTILITY AUTHORITY (OKLAHOMA): $61.28 million series 2013 utility revenue refunding bonds (Aa1/AA/); competitive; bonds due 2013 to 2025; proceeds to refund existing utility revenue bonds; pricing week of March 11.

UNIVERSITY OF VIRGINIA: $170 million series 2013A general revenue pledge refunding bonds (Aaa/AAA/AAA); negotiated; J.P. Morgan Securities LLC (lead); Morgan Stanley & Co. LLC and Wells Fargo Securities LLC (co-managers); proceeds to refund university's series 2003B and 2005 general revenue pledge bonds; pricing week of March 11.

WYOMING COMMUNITY DEVELOPMENT AUTHORITY: $88.4 million series 2013 housing revenue bonds (Aa1/AA+/); negotiated; BofA Merrill Lynch (lead); Citigroup Global Markets Inc., George K. Baum & Co. and Kaiser & Co. (co-managers); proceeds to refund the authority's series 1996, 2002 and 2003 housing revenue bonds; pricing week of March 11.

• $24,705,000 series 2013-1 AMT bonds due 2013 to 2023

• $45,695,000 series 2013-2 non-AMT bonds due 2013 to 2024 with term bonds due 2027 and 2033

• $18 million series 2013-3 non-AMT bonds due 2034 and 2038

March 14

ALASKA: $149,645,000 series 2013C general obligation bond anticipation notes (MIG 1/SP-1+/F1+); competitive; Acacia Financial Group Inc. (financial adviser); notes due March 25, 2014; proceeds to finance the construction of transportation projects in the state; pricing March 14.

CALIFORNIA: $2.4 billion series 2013 general obligation bonds (A1/A/A-); negotiated; J.P. Morgan Securities LLC and Goldman, Sachs & Co. (lead); Jefferies & Co., Academy Securities Inc., Barclays, Blaylock Robert Van LLC, BMO Capital Markets LLC, BofA Merrill Lynch, Cabrera Capital Markets LLC, Citigroup Global Markets Inc., City National Securities Inc., De La Rosa & Co., Drexel Hamilton LLC, Edward D. Jones & Co. LP, Fidelity Capital Markets Inc., Great Pacific Securities Inc., Hutchinson Shockey Erley & Co. Inc., Loop Capital Markets LLC, Mesirow Financial Inc., Morgan Stanley & Co. LLC, Piper Jaffray & Co., Prager & Co. LLC, Ramirez & Co. Inc., RBC Capital Markets LLC, Siebert Brandford Shank & Co. LLC, SL Hare Capital Inc., Southwest Securities Inc., Stone & Youngberg, US Bancorp Investments Inc., Wedbush Morgan Securities Inc., Wells Fargo Securities LLC and William Blair & Co. (co-managers); proceeds to fund capital projects; pricing March 14.

• $1.09 billion series 2013A various purpose G.O. bonds

• $1 billion series 2013B various purpose G.O. refunding bonds

• $310 million series 2013C taxable various purpose G.O. bonds

FORT WAYNE (INDIANA): $82.55 million series 2013 sewage works revenue bonds; competitive; H.J. Umbaugh & Associates (financial adviser); proceeds to upgrade water treatment facilities and refund existing debt; pricing March 14.

• $75,215,000 series 2013 revenue bonds due 2013 to 2033

• $7,335,000 series 2013 revenue refunding bonds due 2013 to 2018

PORTLAND COMMUNITY COLLEGE DISTRICT (OREGON): $177.56 million series 2013 general obligation bonds (Aa1/AA/); competitive; Western Financial Group LLC (financial adviser); bonds due 2013 to 2033; proceeds to refund district's series 2002A G.O. bonds; pricing March 14.

On the Horizon

CEDAR HILL INDEPENDENT SCHOOL DISTRICT (TEXAS): $61,399,333.10 series 2013 unlimited tax school building and refunding bonds; negotiated; Raymond James/Morgan Keegan (lead); Duncan-Williams Inc. and Southwest Securities Inc. (co-managers); proceeds to construct, equip, acquire and furnish school buildings within the district, as well as to refund a portion of the district's series 2004 and 2005 revenue bonds.

• $34.34 million series 2013 unlimited tax school building bonds due 2014 to 2025 and 2027 to 2043

• $27,059,333.10 series 2013 unlimited tax refunding bonds due 2023 to 2034 and 2016 to 2022

CHIPPEWA VALLEY SCHOOL (MICHIGAN): $137,375,000 series 2013 general obligation refunding bonds; negotiated; Fifth Third Securities Inc. (lead); J.P. Morgan Securities LLC, Stifel, Nicolaus & Co. and Comerica Securities Inc. (co-managers); bonds due 2016 to 2034; proceeds to refund the school system's series 2003 and 2005 G.O. bonds.

CLARK COUNTY (NEVADA): $80 million series 2013A jet aviation fuel tax refunding revenue bonds (A2/A/); negotiated; Citigroup Global Markets Inc. (lead); BofA Merrill Lynch, RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2019 to 2030; proceeds to refund the county's series 2003C jet aviation fuel tax refunding revenue bonds.

COOK COUNTY (ILLINOIS): $90 million county road and highway improvement sales tax revenue bonds (//AAA); negotiated; Wells Fargo Securities LLC (lead); proceeds to finance road, bridge and highway infrastructure projects as part of the county's 2012 -2014 highway transportation plan.

DOUGLAS COUNTY SCHOOL DISTRICT (GEORGIA): $116.91 million series 2013 general obligation refunding bonds (Aa2/AA+/); negotiated; Raymond James/Morgan Keegan (lead); bonds due 2018 to 2027; proceeds to refund existing G.O. debt.

EASTERN MUNICIPAL WATER DISTRICT (CALIFORNIA): $54,575,000 series 2013A refunding water and sewer revenue bonds (Aa2/VMIG 1/A-1+/AA+/F1+); negotiated; Goldman, Sachs & Co. (lead); bonds due July 1, 2035; proceeds to purchase upon mandatory tender the district's series 2008B variable-rate certificates of participation.

FAIRFAX COUNTY (VIRGINIA): $101,455,000 series 2013B public improvement bonds (Aaa/AAA/AAA); negotiated; Morgan Stanley & Co. LLC (lead); bonds due 2014 to 2024; proceeds to finance school, transportation, public safety, parks and recreation and other improvement, as well as to refund the county's series 2004A-B, 2005A, 2007A and 2008A public improvement bonds.

HAMPTON ROADS SANITATION DISTRICT (VIRGINIA): $215.22 million series 2013 wastewater revenue and refunding bonds (Aa2/AAA/AA+); negotiated; Raymond James/Morgan Keegan (lead); bonds due 2013 and 2019 to 2033 with term bond due in 2038; proceeds to finance capital wastewater projects and refund existing revenue bonds.

HOUSTON INDEPENDENT SCHOOL DISTRICT (TEXAS): $150 million series 2013B limited tax variable-rate schoolhouse bonds (Aaa/AAA/); negotiated; Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC (lead); Estrada Hinojosa & Co. Inc. and Loop Capital Markets LLC (co-managers); bonds due 2035 to 2037; proceeds to construct, equip and acquire school buildings within the district.

HOWARD HUGHES MEDICAL INSTITUTE (MARYLAND): $1.65 billion series 2013A taxable fixed-rate bonds (Aaa/AAA/); negotiated; J.P. Morgan Securities LLC, Goldman, Sachs & Co., Morgan Stanley & Co. LLC and BofA Merrill Lynch (lead); bonds due March 1, 2023; proceeds to fund an account established by the institute to create a reserve for its program spending.

ILLINOIS: $500 million series of February 2013 general obligation bonds; competitive; Public Resources Advisory Group (financial adviser); bonds due 2014 to 2038; proceeds to finance school and transportation projects, as well as other state capital projects.

MAINE STATE HOUSING AUTHORITY: $105.37 million series 2013 mortgage purchase bonds; negotiated; Citigroup Global Markets Inc. and BofA Merrill Lynch (lead); J.P. Morgan Securities LLC, Raymond James/Morgan Keegan, Morgan Stanley & Co. LLC and RBC Capital Markets LLC (co-managers); proceeds to refund series 2003C-F and 2004A mortgage bonds.

• $95.37 million series 2013C taxable mortgage purchase bonds due 2014 to 2023 with term bonds due 2027 and 2030

• $10 million series 2013D mortgage bonds due 2028 and 2033

METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA: $145.49 million series 2013 water revenue refunding bonds (Aa1/AAA/AA+); negotiated; Goldman, Sachs & Co. (lead for 2013A, 2013C); De La Rosa & Co. Inc., J.P. Morgan Securities LLC, Loop Capital Markets LLC and US Bancorp Inc. (co-managers for 2013A, 2013C); J.P. Morgan Securities LLC and Loop Capital Markets LLC (lead for 2013B); proceeds to refund existing water revenue bonds.

• $90.46 million series 2013A bonds due 2013 and 2018 to 2021

• $18.7 million series 2013B taxable bonds due 2018

• $13,505,000 series 2013C-1 bonds due 2027

• $14.02 million series 2013C-2 bonds due 2025

• $8,805,000 series 2013C-3 bonds due 2023

MIAMI-DADE COUNTY EXPRESSWAY AUTHORITY (FLORIDA): $270.6 million series 2013A toll system refunding revenue bonds (A3/A-/A-); negotiated; BofA Merrill Lynch (lead); Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan, Sterne, Agee & Leach Inc., Rice Financial Products Co. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds will be used to current refund the authority's series 2001A and 2002 revenue bonds and advance refund its series 2004B revenue bonds.

NEW YORK CITY HEALTH AND HOSPITALS CORP.: $110.33 million series 2013A health system bonds (Aa3/A+/A+); negotiated; Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (lead); Fidelity Capital Markets LLC, Goldman, Sachs & Co., Janney Montgomery Scott LLC, Lebenthal & Co., Loop Capital Markets LLC, M.R. Beal & Co., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Rice Financial Products Co., Roosevelt & Cross Inc., Siebert Brandford Shank & Co. LLC, TD Securities (USA) LLC and Wells Fargo Securities LLC (co-managers); proceeds to refund the corporation's series 2003A and 2008A revenue bonds.

NORTHWEST INDEPENDENT SCHOOL DISTRICT (TEXAS): $54,474,961.90 series 2013 unlimited tax taxable refunding bonds; negotiated; RBC Capital Markets LLC (lead); Raymond James/Morgan Keegan and Southwest Securities Inc. (co-managers); proceeds to refund a portion of the district's series 2005 bonds.

• $274,961.90 capital appreciation bonds due 2013 and 2017 to 2018

• $54.2 million current interest bonds due 2014 to 2016 and 2019 to 2032

PLANO (TEXAS): $63.01 million series 2013 general obligation refunding and improvement bonds (/AAA/AAA); negotiated; Baird & Co. (lead); Hutchinson Shockey Erley & Co. and RBC Capital Markets LLC (co-managers); bonds due 2013 to 2033; proceeds to refund the city's series 2005 G.O. and improvement bonds, series 2006 G.O. bonds and series 2006 combination tax and revenue certificates of obligation.

RHODE ISLAND STUDENT LOAN AUTHORITY: $67,525,000 series 2013A student loan program revenue bonds (/A+/A); negotiated; BofA Merrill Lynch (lead); Janney Montgomery Scott LLC (co-manager); bonds due 2013 to 2028; proceeds to make student loans.

SACRAMENTO (CALIFORNIA): $219,945,000 series 2013 water revenue bonds (/AA-/AA-); negotiated; Goldman, Sachs & Co. (lead); De La Rosa & Co. Inc., Morgan Stanley & Co. LLC, Siebert Brandford Shank & Co. LLC and Stone & Youngberg (co-managers); bonds due 2014 to 2033 with term bonds due 2038 and 2042; proceeds to finance the rehabilitation of water treatment plants, the retrofitting of water meters, the replacement of pipelines and the rehabilitation of groundwater wells.

UNION COUNTY (NORTH CAROLINA): $139,995,000 series 2013 general obligation refunding bonds (Aa1/AA/AA+); negotiated; Baird & Co. (lead); George K. Baum & Co., US Bancorp Inc. and Wells Fargo Securities LLC (co-managers); proceeds to refund the county's series 2004A-B and 2007A-C variable-rate G.O. bonds and 2007D and 2009A-B G.O. public school refunding bonds.

• $62.62 million series 2013A bonds due 2014 to 2029

• $77,375,000 series 2013B bonds due 2014 to 2031

VIRGINIA HOUSING DEVELOPMENT AUTHORITY: $400,547,219 series 2013 taxable homeownership mortgage bonds (Aa1/AA+/); negotiated; Raymond James/Morgan Keegan and Wells Fargo Securities LLC (lead); bonds due Aug. 25, 2042; proceeds to finance mortgage loans to qualified Virginia residents.

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