Municipal Calendar: Louisiana prepares $162 million bond deal

Week of May 20

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; pricing week of May 20.

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 20.

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; pricing week of May 20.

OHIO UNIVERSITY: $140 million series 2013 general receipts bonds (Aa3/A+/); negotiated; Barclays and Goldman, Sachs & Co. (lead); The Huntington Investment Co., PNC Capital Markets LLC and Rice Financial Products Co. (co-managers); proceeds to refinance construction projects and refund the university's series 2001 bonds; pricing week of May 20.

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; pricing week of May 20.

SAN BERNARDINO UNIFIED SCHOOL DISTRICT (CALIFORNIA): $130.7 million series 2013 general obligation bonds (A2); negotiated; Piper Jaffray & Co. (lead); proceeds to acquire, repair and construct district facilities and defease a portion of the district's outstanding qualified school construction bonds COPs as well as to refund the district's election of 2004A-B and 2004 G.O. refunding bonds; pricing week of May 20.

• $43 million series 2013A G.O. bonds

• $87.7 million series 2013B G.O. refunding bonds

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; pricing week of May 20.

Week of May 27

May 29

LOS ANGELES COMMUNITY COLLEGE DISTRICT (CALIFORNIA): $307 million series 2013 general obligation bonds (/AA/); competitive; KNN Public Finance (financial adviser); proceeds to finance classroom, laboratory and equipment improvements, as well as to refund existing bonds; pricing May 29.

• $250 million election of 2008 series F bonds

• $57 million series 2013 G.O. refunding bonds

MARICOPA COUNTY COMMUNITY COLLEGE DISTRICT (ARIZONA): $151.09 million series 2013 general obligation bonds (Aaa/AAA/AAA); competitive; RBC Capital Markets LLC (financial adviser); bonds due 2014 to 2027; proceeds to make improvements to district facilities; pricing May 29.

Week of June 3

June 3

VENTURA COUNTY (CALIFORNIA): $140 million series 2013-14 tax and revenue anticipation notes (MIG 1/SP-1+/); competitive; Fieldman, Rolapp & Associates Inc. (financial adviser); notes due July 1, 2014; proceeds to finance capital needs for the county ahead of the collection of taxes and revenues; pricing June 3.

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

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.

DUTCHESS COUNTY LOCAL DEVELOPMENT CORP./VASSAR COLLEGE (NEW YORK): $85.8 million series 2013A revenue bonds (Aa2/AA-/); negotiated; J.P. Morgan Securities LLC and Goldman, Sachs & Co. (lead); proceeds to finance the construction of a new science building at Vassar, as well as other capital improvements.

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.

IRVINE (CALIFORNIA): $84.1 million series 2013 limited obligation improvement bonds; negotiated; Stifel, Nicolaus & Co. and Piper Jaffray & Co. (lead); bonds due 2014 to 2030; proceeds to refund certain outstanding limited obligation bonds.

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 COUNTY (CALIFORNIA): $1 billion series 2013-14 tax and revenue anticipation notes; negotiated; Goldman, Sachs & Co. and BofA Merrill Lynch (lead); Cabrera Capital Markets LLC, KeyBanc Capital Markets LLC, M.R. Beal & Co. and Ramirez & Co. (co-managers); proceeds to finance capital needs for the county ahead of the collection of taxes and revenues.

• Series A notes due Feb. 28, 2014

• Series B notes due June 30, 2014

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.

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

MONTGOMERY COUNTY HOUSING OPPORTUNITIES COMMISSION (MARYLAND): $59.17 million series 2013 single family mortgage revenue bonds (Aa2); negotiated; BofA Merrill Lynch (lead); J.P. Morgan Securities LLC, M&T Securities Inc., Morgan Stanley & Co. LLC, PNC Capital Markets LLC and RBC Capital Markets LLC (co-managers); proceeds to finance mortgage loans.

• $39.76 million series 2013A non-AMT bonds due 2017 to 2024 with term bond due in 2031

• $16,225,000 series 2013B non-AMT bonds due 2015 to 2017 with term bonds due in 2033, 2038 and 2043

• $3,185,000 series 2013C AMT bonds due 2014

MOON INDUSTRIAL DEVELOPMENT AUTHORITY (PENNSYLVANIA)/BAPTIST HOMES SOCIETY: $143.49 million series 2013 revenue bonds; negotiated; H.J. Sims & Co. (lead); bonds due 2023, 2033 and 2048; proceeds to refund the authority's series 2007 variable-rate Baptist Homes Society revenue bonds.

OREGON HOUSING AND COMMUNITY SERVICES DEPARTMENT: $108,785,000 series 2013 single-family mortgage bonds; negotiated; J.P. Morgan Securities LLC and BofA Merrill Lynch (lead); Fidelity Capital Markets LLC, Morgan Stanley & Co. LLC, Piper Jaffray & Co. and Wells Fargo Securities LLC (co-managers); proceeds to make mortgage loans to qualified Oregon residents.

• $13,405,000 series 2013A non-AMT bonds due 2019 to 2023 with term bonds due in 2028, 2038 and 2043

• $15 million series 2013B AMT bonds due 2014 to 2019 with term bond due in 2034

• $78.38 million series 2013C taxable bonds due 2014 to 2024 with term bond due in 2034

VIRGINIA RESOURCES AUTHORITY: $155.62 million series 2013 clean water state revolving fund revenue refunding bonds (Aaa/AAA/AAA); negotiated; Jefferies & Co. (lead); BofA Merrill Lynch, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and TD Securities (USA) LLC (co-managers); bonds due 2013 and 2018 to 2029; proceeds to refund the authority's series 2007 bonds.

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