Municipal Calendar: Raleigh preps $204.16 million bond offering

Week of April 29

ACALANES UNION HIGH SCHOOL DISTRICT (CALIFORNIA): $50 million series 2013 taxable general obligation refunding bonds (Aa1); negotiated; Piper Jaffray & Co. (lead); proceeds to refund all or a portion of the district's series 2005A-B bonds; pricing week of April 29.

CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY/OCCIDENTAL COLLEGE: $55 million series 2013 revenue bonds (Aa3); negotiated; Wells Fargo Securities LLC (lead); proceeds to construct, equip, furnish and acquire educational facilities, as well as to refund a portion of the college's series 2005A bonds; pricing week of April 29.

• $48.24 million series 2013A tax-exempt bonds

• $6.76 million series 2013B taxable bonds

JOHNS HOPKINS HEALTH SYSTEM (MARYLAND): $148.16 million series 2013 taxable bonds (Aa3/AA-/AA-); negotiated; Goldman, Sachs & Co. and J.P. Morgan Securities LLC (lead); bonds due May 15, 2018, and May 15, 2023; proceeds for general corporate purposes, as well as to refund the system's series 2008B revenue bonds; pricing week of April 29.

LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY/EAST BATON ROUGE SEWERAGE COMMISSION: $219.43 million series 2013 subordinate lien revenue bonds (A1/A+/AA-); negotiated; Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (lead); Raymond James/Morgan Keegan, Loop Capital Markets LLC, Siebert Brandford Shank & Co. LLC and Stephens Inc. (co-managers); proceeds to construct, improve and rehabilitate the sewage disposal system for the commission; pricing week of April 29.

• $126.93 million series 2013A revenue bonds due 2035, 2043 and 2048

• $92.5 million series 2013B Libor index bonds due Feb. 1, 2049

MANSFIELD INDEPENDENT SCHOOL DISTRICT (TEXAS): $155,424,998.20 series 2013 unlimited tax refunding bonds (Aa2//AAA); negotiated; Raymond James/Morgan Keegan (lead); BOSC Inc., Frost Bank and Southwest Securities Inc. (co-managers); bonds due 2013 to 2030; proceeds to refund the district's series 2005 and 2006 school building bonds; pricing week of April 29.

• $67.7 million series 2013A bonds due 2013 to 2030

• $87,724,998.20 series 2013B bonds due 2013 to 2015 and 2017 to 2021

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; pricing week of April 29.

• $56,025,000 current interest bonds

• $332,637.05 capital appreciation bonds

MUNICIPAL AUTHORITY OF WESTMORELAND COUNTY (PENNSYLVANIA): $141 million series 2013 municipal service revenue bonds (A1); negotiated; RBC Capital Markets LLC (lead); proceeds to fund the authority's five-year capital improvement plan, including pump station upgrades and repairs, water tank and control valve replacements, water treatment plant modernization and repairs to the distribution system to reduce water loss; pricing week of April 29.

NEBRASKA INVESTMENT FINANCE AUTHORITY: $100 million series 2013 single family housing revenue bonds; negotiated; J.P. Morgan Securities LLC (lead); Ameritas Investment Corp. and D.A. Davidson & Co. (co-managers); proceeds to finance mortgage loans and to refund existing debt; pricing week of April 29.

• $85,525,000 series 2013A non-AMT bonds due 2020 to 2023 with term bonds due 2028, 2031, 2034 and 2043

• $14,475,000 series 2013B AMT bonds due 2013 to 2020

NEW JERSEY TURNPIKE AUTHORITY: $90,105,000 series 2013F fixed-rate turnpike revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); RBC Capital Markets LLC, PNC Capital Markets LLC, Raymond James/Morgan Keegan, Loop Capital Markets LLC and Mesirow Financial Inc. (co-managers); proceeds to refund the authority's series 2003C-1 revenue bonds, series 2005C revenue bonds and 2012D-E revenue bonds; pricing week of April 29.

RALEIGH (NORTH CAROLINA): $204,155,000 series 2013 combined enterprise system revenue and refunding bonds (Aa1/AAA/AAA); negotiated; Citigroup Global Markets Inc. (lead for 2013A); Baird & Co. (lead for 2013B); Baird & Co., Stephens Inc., Wells Fargo Securities LLC and Davenport & Co. LLC (co-managers for 2013A); Stephens Inc. (co-manager for 2013B); proceeds to finance the expansion, improvement and construction of water treatment plants, as well as to refund the city's series 2005 and 2006A revenue bonds; pricing week of April 29.

• $180.66 million series 2013A bonds due 2016 to 2033 with term bonds due in 2038 and 2043

• $23,495,000 series 2013B bonds due 2016 to 2022

Week of May 6

May 7

LOUISIANA: $300 million series 2013 general obligation bonds; competitive; Lamont Financial Services Corp. (financial adviser); proceeds to finance general government, cultural, tourism, recreation, public safety, corrections, transportation and education projects; pricing May 7.

• $130.71 million series 2013A G.O. bonds due 2014 to 2033

• $169.29 million series 2013B taxable G.O. bonds due 2014 to 2026

May 8

MASSACHUSETTS WATER POLLUTION ABATEMENT TRUST: $204,645,000 series 17 state revolving fund bonds (Aaa/AAA/AAA); competitive; Public Financial Management Inc. (financial adviser); proceeds to finance or refinance water abatement and drinking water projects; pricing May 8.

• $187.94 million series 17A bonds due 2014 to 2043

• $16,705,000 series 17B taxable bonds due 2014 to 2017

SEATTLE (WASHINGTON): $145,905,000 series 2013 general obligation bonds; competitive; Seattle-Northwest Securities Inc. (financial adviser); proceeds to construct, renovate, design, improve or replace the city's Alaskan Way Seawall, Rainier Beach Community Center, golf facilities, fire facilities, the North Precinct, financial IT upgrades, data center and police video mobile data terminals, as well as refund existing debt; pricing May 8.

• $40,755,000 series 2013A limited tax G.O. improvement bonds (Aa1/AAA/AA+) due 2014 to 2033

• $55.15 million series 2013B taxable limited tax G.O. improvement and refunding bonds (Aa1/AAA/AA+) due 2014 to 2025

• $50 million series 2013 unlimited tax G.O. improvement bonds (Aaa/AAA/AAA) due 2014 to 2042

May 9

ILLINOIS: $300 million series May of 2013 sales tax revenue Build Illinois Bonds; competitive; Public Financial Management Inc. (financial adviser); proceeds to finance state capital projects; pricing May 9.

On the Horizon

BEACON HEALTH SYSTEM OBLIGATED GROUP (INDIANA): $156,715,000 series 2013 hospital revenue bonds (/AA-/AA-); negotiated; Wells Fargo Securities LLC and J.P. Morgan Securities LLC (lead); proceeds to refund Beacon's series 1998 and 2008B bonds.

• $115,585,000 series 2013A bonds through Indiana Finance Authority

• $41.13 million series 2013C bonds through Hospital Authority of St. Joseph County

CHARLOTTE-MECKLENBURG HOSPITAL AUTHORITY/CAROLINAS HEALTHCARE SYSTEM (NORTH CAROLINA): $126,305,000 series 2013A health care revenue and refunding bonds (Aa3/AA-/); negotiated; Wells Fargo Securities LLC (lead); BofA Merrill Lynch and J.P. Morgan Securities LLC (co-managers); proceeds to construct additional health facilities for Carolinas, as well as to refund the system's series 2009A revenue 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.

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.

HEALTH CARE AUTHORITY FOR BAPTIST HEALTH (ALABAMA): $250 million series 2013A taxable bonds (A3/BBB+/); negotiated; BofA Merrill Lynch (lead); Wells Fargo Securities LLC, Merchant Capital LLC and The Frazier Lanier Co. Inc. (co-managers); proceeds to reimburse the authority for acquiring facilities and to refund and redeem existing debt.

HOUSTON (TEXAS): $190 million series 2013B combined utility system revenue and refunding bonds (Aa2/AA/); negotiated; Loop Capital Markets LLC (lead); Citigroup Global Markets Inc., Mesirow Financial Inc. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to construct, improve and repair the utility system, as well as to refund all or a portion of the city's series B commercial paper.

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 FINANCE AUTHORITY/UNIVERSITY OF CHICAGO: $150 million series 2013A revenue bonds (Aa1/AA/AA+); negotiated; Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC (lead); Cabrera Capital Markets LLC, Loop Capital Markets LLC and The Northern Trust Co. (co-managers); proceeds to construct and renovate educational facilities for the university, as well as to refund the university's series 2001A, 2004A and 2007 revenue bonds.

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.

MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY/JOHNS HOPKINS HEALTH SYSTEM: $150.1 million series 2013 revenue bonds (Aa3/AA-/AA-); negotiated; J.P. Morgan Securities LLC and Goldman, Sachs & Co. (lead); proceeds to provide a loan to the health system.

• $88.25 million series 2013A bonds due 2046

• $61.85 million series 2013B bonds due 2029

MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY/MEDSTAR HEALTH: $147.44 million series 2013B 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 refinance part of a bridge loan utilized to fund capital projects.

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

MISSOURI HIGHER EDUCATION LOAN AUTHORITY: $970.8 million series 2013-1 student loan asset-backed Libor floating-rate notes (/AA+(sf)/AAAsf); negotiated; Morgan Stanley & Co. LLC (lead); notes due June 25, 2032; proceeds to finance student loans to qualified Missouri residents.

ORANGE COUNTY WATER DISTRICT (CALIFORNIA): $53,375,000 series 2013A refunding revenue bonds (Aa1/AAA/AAA); negotiated; Citigroup Global Markets Inc. (lead); proceeds to refund the district's series 2003B certificates.

RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP.: $51.87 million series 2013 higher educational facilities revenue refunding bonds; negotiated; Raymond James/Morgan Keegan (lead); Oppenheimer & Co. and Roosevelt & Cross Inc. (co-managers); proceeds to construct an addition to the university's social science and multicultural center, design and construct 1,000 parking spaces, construct a controlled-access parking lot and to current refund the university's series 1997 bonds.

• $6,065,000 series 2013A educational and general revenue refunding bonds (Aa3/A+/) due 2013 to 2023

• $9,075,000 series 2013B educational and general revenue refunding bonds (A1) due 2013 to 2023

• $24.02 million series 2013C auxiliary enterprise revenue refunding bonds (Aa3/A+/) due 2013 to 2024

• $12.71 million series 2013D auxiliary enterprise revenue refunding bonds (A2) due 2013 to 2023

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.

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.

SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY: $81,675,000 series 2013 transmission project revenue bonds (/AA-/); negotiated; Citigroup Global Markets Inc. and Barclays (lead); proceeds to refund the authority's series 2001A revenue bonds.

• $65.29 million series 2013A bonds due 2017 to 2021

• $16,385,000 series 2013B bonds due 2014 to 2017

STANFORD UNIVERSITY (CALIFORNIA): $150 million series 2013 taxable bonds (Aaa/AAA/AAA); negotiated; Goldman, Sachs & Co. and Barclays (lead); Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Prager & Co. LLC and Wells Fargo Securities LLC (co-managers); proceeds for general corporate purposes including to finance and refinance capital expenditures.

UNIFIED GOVERNMENT OF ATHENS-CLARKE COUNTY (GEORGIA): $52,975,000 series 2013 jail expansion project general obligation sales tax bonds (Aa1/AA/); negotiated; Baird & Co. (lead); bonds due 2013 to 2018; proceeds to construct or renovate jail facilities in Athens, Ga.

UNIVERSITY OF CHICAGO: $200 million series 2013B taxable bonds (Aa1/AA/AA+); negotiated; Wells Fargo Securities LLC and BofA Merrill Lynch (lead); PNC Capital Markets LLC, US Bancorp Investments Inc. and William Blair & Co. (co-managers); proceeds to finance general university capital needs.

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