Municipal Calendar: Dallas/Fort Worth Airport preps $366 million deal

Week of May 13

DALLAS AND FORT WORTH (TEXAS)/DALLAS/FORT WORTH INTERNATIONAL AIRPORT: $366,545,000 series 2013B joint revenue improvement bonds (A2/A+/A); negotiated; Morgan Stanley & Co. LLC and Cabrera Capital Markets LLC (lead); Loop Capital Markets LLC and Stifel, Nicolaus & Co. LLC (co-managers); bonds due 2026 to 2050; proceeds to finance improvements and additions to the airport; pricing week of May 13.

FORSYTH COUNTY SCHOOL DISTRICT (GEORGIA): $134.38 million series 2013 general obligation refunding bonds (Aa1); negotiated; Citigroup Global Markets Inc. (lead); bonds due 2016 to 2025; proceeds to refund the district's series 2005 G.O. bonds for a debt service savings; pricing week of May 13.

HAYS CONSOLIDATED INDEPENDENT SCHOOL DISTRICT (TEXAS): $53.65 million series 2013 unlimited tax refunding bonds (/AAA/AAA); negotiated; BOSC Inc. (lead); Robert W. Baird & Co., Edward D. Jones & Co. LP and Southwest Securities Inc. (co-managers); bonds due 2016 to 2030; proceeds to refund the district's series 2004, 2005A and 2007 unlimited tax school building bonds; pricing week of May 13.

MASSACHUSETTS HOUSING FINANCE AGENCY: $115 million series 2013B non-AMT housing bonds (Aa3); negotiated; Barclays (lead); proceeds to finance mortgage loans for qualified Massachusetts residents; pricing week of May 13.

VILLAGE OF SCHAUMBURG (ILLINOIS): $174,865,000 series 2013A general obligation refunding bonds (Aaa/AAA/); negotiated; William Blair & Co. (lead); The Northern Trust Co. and Citigroup Global Markets Inc. (co-managers); bonds due 2023 to 2033 with term bonds due 2037 and 2041; proceeds to advance refund the village's series 2004B G.O. bonds; pricing week of May 13.

Week of May 20

May 21

CALIFORNIA DEPARTMENT OF WATER RESOURCES: $118,425,000 series AQ Central Valley Project water system revenue bonds (Aa1/AAA/); competitive; Montague DeRose and Associates LLC (financial adviser); proceeds to construct water system project and retire commercial paper notes; pricing May 21.

METROPOLITAN DISTRICT OF HARTFORD (CONNECTICUT): $187,446,000 series 2013 general obligation bond anticipation notes (Aa1/AA+/); competitive; First Southwest Co. (financial adviser); proceeds to finance water, sewer and public improvement projects, as well as to finance clean water projects; pricing May 21.

• $87,446,000 series 2013A notes due March 25, 2014

• $100 million series 2013B notes due March 25, 2014

Day to Day

TEXAS: $98.7 million series 2013A college student loan refunding bonds (Aaa/AA+/); competitive; First Southwest Co. (financial adviser); bonds due 2014 to 2023; proceeds to refund the state's series 1999 college student loan bonds and its series 2003 variable-rate college student loan and refunding bonds; pricing day-to-day between May 15 and June 15.

On the Horizon

ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS/ESKATON PROPERTIES INC. (CALIFORNIA): $53,085,000 series 2013 revenue refunding bonds (/BBB/); negotiated; Cain Brothers Inc. (lead); bonds due 2013 to 2023 with term bond due in 2035; proceeds to refund the corporation's series 2008B variable-rate revenue refunding bonds.

CHICAGO BOARD OF EDUCATION: $403.98 million series 2013A unlimited tax general obligation refunding bonds; negotiated; J.P. Morgan Securities LLC (lead); Loop Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to refund certain outstanding G.O. bonds.

• $122,605,000 series 2013A-1 G.O. bonds due March 1, 2026

• $124.32 million series 2013A-2 Sifma index bonds due March 1, 2035

• $157,055,000 series 2013A-3 Sifma index bonds due March 1, 2036

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

CLEVELAND COUNTY EDUCATIONAL FACILITIES AUTHORITY (OKLAHOMA): $67,995,000 series 2013 educational facilities lease revenue bonds; negotiated; D.A. Davidson & Co. (lead); bonds due 2014 to 2018; proceeds to construct two new elementary schools and a new junior high school, as well as to make repairs and improvements to existing school facilities.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $117,285,000 series 2013 school districts revenue bond financing program revenue bonds; negotiated; Raymond James/Morgan Keegan and Roosevelt & Cross Inc. (lead); Jefferies & Co., M.R. Beal & Co., Ramirez & Co. Inc. and RBC Capital Markets LLC (co-managers); proceeds to finance school district and school facility improvements, as well as to refinance bond anticipation notes.

• $35.32 million series 2013A bonds (/A+/A+)

• $7,725,000 series 2013B bonds (/AA/A+)

• $27.97 million series 2013C bonds (/AA-/A+)

• $6.33 million series 2013D bonds (Aa3//A+)

• $39.94 million series 2013E bonds (/A+/A+)

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.

JACKSON ENERGY AUTHORITY (TENNESSEE): $58.8 million series 2013 taxable telecommunications system revenue refunding bonds (/AA-/); negotiated; SunTrust Robinson Humphrey (lead); bonds due 2014 to 2026; proceeds to refund the authority's series 2003 taxable telecommunications system revenue bonds.

LOS ANGELES DEPARTMENT OF WATER AND POWER: $480 million series 2013 power system revenue bonds (Aa3/AA-/AA-); negotiated; Goldman, Sachs & Co. (lead for 2013B, sole for 2013C); Barclays, De La Rosa & Co., RBC Capital Markets LLC, BMO Capital Markets, Fidelity Capital Markets Inc., J.P. Morgan Securities LLC, Ramirez & Co. Inc. and The Williams Capital Group LP (co-managers for 2013B); proceeds to finance capital improvements included in the department's integrated resource plan.

• $452,145,000 series 2013B bonds

• $27,855,000 series 2013C bonds

LOUISIANA: $303,125,000 series 2013B Libor index gasoline and fuels tax revenue refunding bonds (Aa2/AA/AA-); negotiated; J.P. Morgan Securities LLC (lead); proceeds to refund the state's series 2009A-1 and series 2010A revenue bonds.

• $200 million series 2013B-1 Libor index bonds due 2043

• $103,125,000 series 2013B-2 Libor index bonds due 2043

LOUISIANA: $162 million series 2013C general obligation refunding bonds (Aa2/AA/AA); negotiated; Goldman, Sachs & Co. and Raymond James/Morgan Keegan (lead); bonds due 2013 to 2026; proceeds to refund the state's series 2006A and 2008A G.O. 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: $61.85 million series 2013B revenue bonds (Aa3/AA-/AA-); negotiated; J.P. Morgan Securities LLC and Goldman, Sachs & Co. (lead); bonds due 2029; proceeds to provide a loan to the health system.

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

OAKLAND UNIVERSITY (MICHIGAN): $58,735,000 series 2013A general revenue bonds; negotiated; BofA Merrill Lynch and Fifth Third Securities Inc. (lead); bonds due 2016 to 2027; proceeds to construct a new parking structure, athletic fields, administrative buildings, a new road and other campus improvements.

PORT OF SEATTLE (WASHINGTON): $87,755,000 series 2013 special facility revenue refunding bonds (A2/A-/); negotiated; Barclays (lead); BofA Merrill Lynch, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Backstrom McCarley Berry & Co. LLC and Drexel Hamilton LLC (co-managers); bonds due 2014 to 2033; proceeds to refund the port's series 2003 SeaTac revenue bonds.

RHODE ISLAND CLEAN WATER FINANCE AGENCY: $51,235,000 series 2013A water pollution control revolving fund revenue bonds (/AAA/AAA); negotiated; Janney Montgomery Scott LLC and BofA Merrill Lynch (lead); Roosevelt & Cross Inc., Morgan Stanley & Co. LLC and Oppenheimer & Co. (co-managers); bonds due 2015 to 2034; proceeds to finance loans to governmental entities for water pollution control projects.

UNIVERSITY OF SOUTHERN MISSISSIPPI/S.M. EDUCATIONAL BUILDING CORP.: $51,895,000 series 2013 revenue bonds (Aa2); negotiated; Morgan Stanley & Co. LLC (lead); Raymond James/Morgan Keegan and Duncan-Williams Inc. (co-managers); bonds due 2014 to 2033 with term bonds due 2038 and 2043; proceeds to finance certain improvements and capital expenditures including the construction and equipment of student residence halls on the main campus in Hattiesburg, Miss., as well as to demolish abandoned facilities and refund all of the university's series 1997A bonds.

VIRGINIA HOUSING DEVELOPMENT AUTHORITY: $310 million series 2012C commonwealth mortgage bonds remarketing (Aaa/VMIG 1/A-1+/); proceeds originally to finance mortgage loans.

• $90 million C-STEM V bonds

• $80 million C-STEM VI bonds

• $70 million C-STEM VII bonds

• $70 million C-STEM VIII bonds

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