Municipal Calendar: California Public Works preps $400 million deal

Week of April 22

CABARRUS COUNTY (NORTH CAROLINA): $60,235,000 series 2013 general obligation refunding bonds (Aa1/AA+/AA+); negotiated; Piper Jaffray & Co. (lead); Southwest Securities Inc. (co-manager); bonds due 2014 and 2016 to 2027; proceeds to refund the county's series 2005 and 2006 general obligation bonds; pricing week of April 22.

CALIFORNIA PUBLIC WORKS BOARD: $400 million series 2013 lease revenue bonds (A2/A-/BBB+); negotiated; Wells Fargo Securities LLC (lead); proceeds to finance improvements to courthouse facilities and refund existing debt; pricing week of April 22.

• $60 million series 2013D Yuba City Courthouse lease revenue bonds

• $340 million series 2013E Coalinga State Hospital lease revenue refunding bonds

COMMUNITY COLLEGE DISTRICT NO. 502 (ILLINOIS): $84 million series 2013A general obligation community college bonds; negotiated; William Blair & Co. and BofA Merrill Lynch (lead); proceeds to construct new community college buildings and renovate and repair existing facilities; pricing week of April 22.

DENVER CITY SCHOOL DISTRICT NO. 1 (COLORADO): $58.2 million series 2013C certificates of participation (Aa3//AA) negotiated Piper Jaffray & Co. (lead) proceeds to construct two new schools and improve streets and athletic fields pricing week of April 22.

EL PASO COUNTY HOSPITAL DISTRICT (TEXAS): $256 million series 2013 certificates of obligation and general obligation refunding bonds (//AA); negotiated; BofA Merrill Lynch (lead); proceeds to fund the acquisition, construction and equipment of three outpatient medical clinics, a satellite emergency center, renovations to some existing facilities and to refund the district's series 2005 bonds; pricing week of April 22.

• $140 million series 2013 combination tax and revenue certificates of obligation

• $116 million series 2013 G.O. refunding bonds

HOUSTON (TEXAS): $332.5 million series 2013 public improvement bonds (/AA/AA); negotiated; Rice Financial Products Co. (lead); Barclays, Wells Fargo Securities LLC and Backstrom McCarley Berry & Co. LLC (co-managers); proceeds to refund existing debt and to demolish dangerous structures in the city; pricing week of April 22.

• $250 million series 2013A public improvement refunding bonds

• $75 million series 2013B public improvement refunding bonds

• $7.5 million series 2013A demolition program certificates of obligation

ISSAQUAH SCHOOL DISTRICT (WASHINGTON): $76.17 million series 2013 unlimited tax general obligation bonds (Aa1); negotiated; Seattle-Northwest Securities Inc. (lead); proceeds to finance capital improvement projects and to advance refund the district's series 2004A-B G.O. bonds; pricing week of April 22.

JACKSONVILLE ELECTRIC AUTHORITY (FLORIDA): $96,895,000 series 2013 electric system revenue bonds; negotiated; Wells Fargo Securities LLC (lead); BofA Merrill Lynch, Barclays, BMO Capital Markets LLC, Citigroup Global Markets Inc., Goldman, Sachs & Co., Jefferies & Co., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Piper Jaffray & Co., Raymond James/Morgan Keegan and RBC Capital Markets LLC (co-managers); proceeds to provide a portion of the funds needed to redeem on April 1, 2014, the authority's series 2008C and 2009A-C revenue bonds; pricing week of April 22.

• $8,295,000 series three 2013B revenue bonds due 2021 to 2033 with term bond due in 2038

• $88.6 million series 2013C revenue bonds due 2015 to 2033 with term bond due in 2038

KING COUNTY PUBLIC HOSPITAL DISTRICT NO. 2 (WASHINGTON): $62,305,000 series 2013 unlimited tax general obligation refunding bonds (Aa2); negotiated; Piper Jaffray & Co. (lead); bonds due 2013 to 2023; proceeds to refund the district's series 2004 unlimited tax G.O. bonds; pricing week of April 22.

LOS ANGELES DEPARTMENT OF WATER AND POWER (CALIFORNIA): $162,545,000 series 2013A water system revenue bonds (Aa2/AA/AA); negotiated; Barclays and Siebert Brandford Shank & Co. LLC (lead); Fidelity Capital Markets Inc. and The Williams Capital LP (co-managers); bonds due 2016 to 2034; proceeds to refund the department's series 2003B, 2004C and 2006A water system revenue bonds; pricing week of April 22.

LUBBOCK (TEXAS): $170.99 million series 2013 general obligation refunding bonds; negotiated; First Southwest Co. (lead); Citigroup Global Markets Inc. and Raymond James/Morgan Keegan (co-managers); proceeds to finance purchase of firefighting equipment, street improvements and to refund city's series 2002A, 2004, 2005 and 2006 revenue and G.O. bonds; pricing week of April 22.

• $81,845,000 series 2013 G.O. refunding and improvement bonds due 2013 to 2033

• $41,075,000 series 2013 taxable G.O. refunding bonds due 2013 to 2024

• $48.07 million series 2013 tax and waterworks system surplus revenue certificates of obligation due 2014 to 2033

MASSACHUSETTS DEVELOPMENT FINANCE AGENCY/LOWELL GENERAL HOSPITAL: $65 million series 2013G revenue bonds (/BBB+/BBB+); negotiated; Ziegler Capital Inc. (lead); proceeds to redeem refunded bonds; pricing week of April 22.

MASSACHUSETTS DEVELOPMENT FINANCE AGENCY/OLIN COLLEGE: $59,835,000 series 2013E revenue bonds (A2/A+/); negotiated; Barclays and Wells Fargo Securities LLC (lead); proceeds to current refund existing debt on July 1, 2013; pricing week of April 22.

MICHIGAN STATE UNIVERSITY: $175,715,000 series 2013A general revenue bonds (Aa1/AA/); negotiated; BofA Merrill Lynch and J.P. Morgan Securities LLC (lead); bonds due 2014 to 2033 with term bonds due in 2038 and 2041; proceeds to construct new research facilities, a bioengineering facility, a theater and residence halls; pricing week of April 22.

MUSKINGHUM/GENESIS HEALTHCARE SYSTEM (OHIO): $294.94 million series 2013 hospital facilities revenue bonds (Ba1/BB+/); negotiated; Barclays (lead); PNC Capital Markets LLC and Huntington Investment Co. (co-managers); bonds due 2018, 2023, 2033, 2043 and 2048; proceeds to finance the acquisition, construction, renovation, equipping and installation of health-care facilities and to refund and retire some outstanding taxable debt; pricing week of April 22.

PALM BEACH COUNTY HEALTH FACILITIES AUTHORITY/JUPITER MEDICAL CENTER (FLORIDA): $52 million series 2013A hospital revenue bonds; negotiated; RBC Capital Markets LLC (lead); proceeds to construct, equip, acquire, renovate and furnish the DeGeorge Pavilion project at the medical center, which includes the addition of 44 new acute care beds in a new three-story patient tower; pricing week of April 22.

PORTLAND (OREGON): $242.02 million series 2013A second lien water system revenue and refunding bonds (Aa1); negotiated; Citigroup Global Markets Inc. and BofA Merrill Lynch (lead); bonds due 2013 to 2037; proceeds to finance capital improvements to the city's water system, as well as to refund the city's series 2004A and 2006A water system revenue bonds; pricing week of April 22.

RICHLAND COUNTY SCHOOL DISTRICT (SOUTH CAROLINA): $55.14 million series 2013B general obligation bonds; competitive; Davenport & Co. LLC (financial adviser); bonds due 2014 to 2033; proceeds to construct, equip, acquire and improve school buildings within the district; pricing week of April 22.

ST. PAUL PORT AUTHORITY (MINNESOTA): $117.26 million series 2013 lease revenue refunding bonds; negotiated; RBC Capital Markets LLC (lead); proceeds to refund the authority's series 2002-9, 2002-10 and 2003-11 lease revenue bonds; pricing week of April 22.

• $53,195,000 series 2013-2 bonds due 2013 to 2025

• $64,065,000 series 2013-3 bonds due 2013 to 2025

TRAVIS COUNTY (TEXAS): $65 million series 2013 bonds and certificates (Aaa/AAA/); competitive; D. Ladd Pattillo & Associates Inc. (financial adviser); proceeds to construct and equip county law enforcement facilities, purchase computer and telecommunications equipment, construct and improve county roads and improve county parks; pricing week of April 22.

• $21,025,000 series 2013 limited tax certificates of obligation due 2014 to 2018

• $10,755,000 series 2013 limited tax permanent improvement bonds due 2014 to 2033

• $33.22 million series 2013 unlimited tax road bonds due 2014 to 2033

VIRGINIA HOUSING DEVELOPMENT AUTHORITY: $101,353,821 series 2013B taxable commonwealth mortgage bonds (Aaa/AAA/); negotiated; BofA Merrill Lynch (lead); BB&T Capital Markets and Morgan Stanley & Co. LLC (co-managers); bonds due April 25, 2042; proceeds to make individual mortgage loans to qualified Virginians; pricing week of April 22.

April 24

SAN ANTONIO (TEXAS): $74.3 million series 2013 municipal drainage utility system revenue bonds (Aa2//AA); negotiated; Stifel, Nicolaus & Co. (lead); proceeds to refund the city's series 2003 and 2005 bonds for savings; pricing April 24.

April 25

CHARLESTON COUNTY SCHOOL DISTRICT (SOUTH CAROLINA): $61,385,000 series 2013 general obligation bond anticipation notes (MIG 1/SP-1+/); competitive; Public Financial Management Inc. (financial adviser); proceeds to pay a portion of the price payable by the school district to the Charleston Educational Excellence Financing Corp. under the school facilities purchase and occupancy agreement and to make certain improvements to certain school facilities in the district, as well as to refund the district's series 2012B BANs; pricing April 25.

• $36,385,000 series 2013A notes due Nov. 15, 2013

• $25 million series 2013B notes due May 8, 2014

DENTON (TEXAS): $63.52 million series 2013 certificates of obligation (/AA/AA+); competitive; First Southwest Co. (financial adviser); certificates due 2014 to 2033; proceeds to acquire vehicles and equipment for the city's solid waste disposal system, acquire and construct extensions, renovations and improvements to the solid waste system, renovate existing municipal buildings, acquire and replace heating, venting and air conditioning facilities, construct and improve streets and traffic signals, improve the city's waterworks and sewer system, construct improvements to the city's electric light and power system and pay all or a portion of the city's contractual obligations for professional services; pricing April 25.

UNIVERSITY OF MAINE SYSTEM: $65.36 million series 2013 refunding revenue bonds (/AA-/); competitive; Public Financial Management Inc. (financial adviser); bonds due 2014 to 2035; proceeds to refund the university's series 2000A, 2003, 2004 and 2005 revenue bonds; pricing April 25.

VIRGINIA PUBLIC SCHOOL AUTHORITY: $148.39 million series 2013A school financing bonds (Aa1/AA+/AA+); competitive; BB&T Capital Markets (financial adviser); bonds due 2014 to 2033; proceeds to purchase series 2013A local school bonds; pricing April 25.

Week of April 29

April 30

NAPA VALLEY UNIFIED SCHOOL DISTRICT (CALIFORNIA): $51,405,000 series 2013 general obligation refunding bonds (Aa2/AA-/); competitive; Keygent Advisors LLC (financial adviser); bonds due 2013 to 2030; proceeds to refund district's series 2005 G.O. bonds; pricing April 30.

May 1

NEW JERSEY: $350 million series 2013 various purpose general obligation bonds; competitive; bonds due 2014 to 2033; proceeds to finance various capital projects within the state; pricing May 1.

On the Horizon

AKRON, BATH AND COPLEY JOINT TOWNSHIP HOSPITAL DISTRICT/CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON (OHIO): $93 million series 2013 hospital improvement revenue bonds (A1//A+); negotiated; Goldman, Sachs & Co. (lead); proceeds to construct, equip, acquire and furnish a new critical care tower at the medical center.

CALIFORNIA HOUSING FINANCE AGENCY: $133.92 million series 2013 residential mortgage revenue refunding bonds (Aaa); negotiated; BofA Merrill Lynch (lead); proceeds to refund existing bonds issued to fund mortgage loans.

• $100.35 million series 2013A taxable bonds

• $33.57 million series 2013B taxable bonds

CLAYTON COUNTY WATER AUTHORITY (GEORGIA): $66,685,000 series 2013 water and sewage revenue refunding bonds (Aa2); negotiated; Raymond James/Morgan Keegan (lead); proceeds to refund the authority's series 2003 and 2004 bonds for a $7.1 million net present value savings or 10.6% of refunded principal with no extension of maturities.

• $17,995,000 series 2013A bonds

• $48.69 million series 2013B taxable 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.

DISTRICT OF COLUMBIA/NATIONAL PUBLIC RADIO: $85.99 million series 2013 refunding revenue bonds (Aa3/AA-/); negotiated; Morgan Stanley & Co. LLC (lead); Loop Capital Markets LLC and J.P. Morgan Securities LLC (co-managers); proceeds to refund NPR's series 2010 revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/STATE UNIVERSITY OF NEW YORK: $271 million dormitory facilities revenue bonds; term to not exceed 21 years; proceeds to refund authority's series 2003A-B lease revenue bonds.

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.

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.

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.

IOWA FINANCE AUTHORITY/IOWA FERTILIZER CO.: $1,194,000,000 series 2013 Midwestern disaster area revenue bonds; negotiated; Citigroup Global Markets Inc. and BofA Merrill Lynch (lead); bonds due 2019, 2022 and 2025; proceeds to construct a nitrogen-based fertilizer and industrial production facility in southeastern Iowa, near the Illinois border.

LANCASTER EDUCATIONAL ASSISTANCE PROGRAM INC. (SOUTH CAROLINA)/LANCASTER COUNTY SCHOOL DISTRICT: $60,825,000 series 2013 installment purchase revenue refunding bonds (A1/A/); negotiated; BofA Merrill Lynch and Piper Jaffray & Co. (lead); Raymond James/Morgan Keegan (co-manager); proceeds to refund existing installment purchase revenue bonds for a debt service savings.

• $23,825,000 series 2013A taxable bonds due 2013 to 2020

• $37 million series 2103B tax-exempt bonds due 2021 to 2028

LOUISIANA STATE BOND COMMISSION/BIONITROGEN LOUISIANA HOLDINGS LLC: $1.25 billion tax-exempt bonds; proceeds to construct five plants in Point Coupee Parish, La., to convert biomass into urea fertilizer.

MAINE HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY: $64,885,000 series 2013A revenue bonds (A1//AA); negotiated; Morgan Stanley & Co. LLC and BofA Merrill Lynch (lead); Raymond James/Morgan Keegan and Wells Fargo Securities LLC (co-managers); proceeds to refund existing debt.

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

MIDLOTHIAN INDEPENDENT SCHOOL DISTRICT (TEXAS): $56,357,637.05 series 2013A tax-exempt refunding bonds; negotiated; First Southwest Co. (lead); Raymond James/Morgan Keegan and Wells Fargo Securities LLC (co-managers); proceeds to refund the district's series 2005 and 2006 unlimited tax school building bonds.

• $56,025,000 current interest bonds

• $332,637.05 capital appreciation bonds

SONOMA COUNTY JUNIOR COLLEGE DISTRICT (CALIFORNIA): $121.99 million series 2013 general obligation bonds (Aa2); negotiated; Piper Jaffray & Co. (lead); proceeds to advance refund portions of the district's election of 2002 series C general obligation bonds.

UNIVERSITY OF ARKANSAS: $115.59 million series 2013 various facilities revenue refunding bonds (Aa2); negotiated; Stephens Inc. (lead); bonds due 2013 to 2032 with term bond due in 2034; proceeds to refund the university's series 2004A-B various facilities construction revenue bonds.

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