Municipal Calendar: Metropolitan Transportation preps offering

Week of May 27

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; pricing week of May 27.

IOWA FINANCE AUTHORITY: $111 million series 2013 state revolving fund revenue bonds (Aaa//AAA); negotiated; Piper Jaffray & Co. (lead); proceeds to fund new loans to local government borrowers for clean and drinking water system improvements and to reimburse the program equity fund for prior loan disbursements; pricing week of May 27.

MONROE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (NEW YORK): $101 million series 2013 school facility revenue bonds (Aa3/AA-/AA-); negotiated; Citigroup Global Markets Inc. (lead); M.R. Beal & Co., Lebenthal & Co. LLC and Ramirez & Co. Inc. (co-managers); proceeds to finance property acquisition for the Rochester City School District; pricing week of May 27.

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; pricing week of May 27.

• $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

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; pricing week of May 27.

• $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

RICHARDSON INDEPENDENT SCHOOL DISTRICT (TEXAS): $73.96 million series 2013 unlimited tax school building and refunding bonds; negotiated; RBC Capital Markets LLC (lead); Raymond James/Morgan Keegan and BOSC Inc. (co-managers); bonds due 2013 to 2038; proceeds to construct, improve, renovate and design school facilities in the district, as well as to refund its series 2005 unlimited tax school building bonds; pricing week of May 27.

SOLANO COUNTY COMMUNITY COLLEGE DISTRICT (CALIFORNIA): $178.92 million series 2013 general obligation bonds (Aa3); negotiated; Citigroup Global Markets Inc. (lead); proceeds to finance the construction and modernization of district facilities, as well as to refund existing debt; pricing week of May 27.

• $16,085,000 series 2013A tax-exempt G.O. refunding bonds

• $42,835,000 series 2013B taxable G.O. refunding bonds

• $100 million election of 2012 series 2013A tax-exempt G.O. bonds

• $20 million election of 2012 series 2013B taxable G.O. bonds

May 29

COLUMBUS (OHIO): $368.7 million series 2013 various purpose unlimited tax general obligation refunding bonds (Aaa/AAA/AAA); negotiated; BofA Merrill Lynch (lead); proceeds to refund the city's series 2009C, 2010C, 2010-2C and 2010-3A various purpose unlimited tax Build America Bonds, its series 2009E various purpose unlimited tax recovery zone economic development bonds and its series 2009D, 2010D and 2010-3B various purpose limited tax Build America Bonds; pricing May 29.

• $326.8 million series 2013-1 bonds

• $41.9 million series 2013-2 taxable bonds

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

LOUDOUN COUNTY (VIRGINIA): $174.5 million series 2013 general obligation public improvement and refunding bonds (Aaa//AAA); negotiated; BofA Merrill Lynch (lead); proceeds to finance general government and school projects, as well as refund G.O. bonds for debt service savings; pricing May 29.

• $106.4 million series 2013A G.O. public improvement and refunding bonds

• $68.1 million series 2013B taxable 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.

METROPOLITAN TRANSPORTATION AUTHORITY (NEW YORK): $500 million series 2013C transportation revenue bonds; negotiated; J.P. Morgan Securities LLC and Loop Capital Markets LLC (lead); BofA Merrill Lynch, Barclays, Citigroup Global Markets LLC, Goldman, Sachs & Co., Jefferies & Co., Morgan Stanley & Co. LLC, Ramirez & Co., Siebert Brandford Shank & Co. LLC, Wells Fargo Securities LLC, BB&T Capital Markets Inc., CastleOak Securities LP, Duncan-Williams Inc., Edward D. Jones & Co., Fidelity Capital Markets Inc., FirstSouthwest Co., Lebenthan & Co., M.R. Beal & Co., Piper Jaffray & Co., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Rice Financial Products Co., Roosevelt & Cross Inc., Stifel, Nicolaus & Co. and TD Securities (USA) LLC (co-managers); proceeds to finance transit and commuter projects; pricing May 29.

May 30

CLARK COUNTY (NEVADA)/MCCARRAN INTERNATIONAL AIRPORT: $300 million series 2013C airport system junior subordinate revenue notes (A2/MIG 1/A/SP-1+/); negotiated; RBC Capital Markets LLC (lead for 2013C-1); BofA Merrill Lynch (lead for 2013C-2); BofA Merrill Lynch, Citigroup Global Markets Inc. and Siebert Brandford Shank & Co. LLC (co-managers for 2013C-1); Citigroup Global Markets Inc., RBC Capital Markets LLC and Siebert Brandford Shank & Co. (co-managers for 2013C-2); proceeds to finance capital improvements to airport; pricing May 30.

• $180 million series 2013C-1 AMT notes due July 1, 2015

• $120 million series 2013C-2 non-AMT notes due July 1, 2014

GREENE COUNTY (OHIO): $51,015,000 series 2013 taxable sewer system general obligation refunding bonds (Aa2); competitive; Sudsina & Associates (financial adviser); bonds due 2013 to 2025; proceeds to advance refund the county's series 2005 sewer revenue bonds and its series 2010 sewer G.O. bonds; pricing May 30.

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; pricing May 30.

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.

June 4

TEXAS A&M UNIVERSITY: $295.01 million series 2013 revenue financing system bonds (/AAA/AA+); competitive; First Southwest Co. (financial adviser); proceeds to current refund the university's series 2002 and 2003A financing system bonds; pricing June 4.

• $39.4 million series 2013A bonds due 2014 to 2022

• $255.61 million series 2013B bonds due 2014 to 2043

On the Horizon

ASCENSION HEALTH ALLIANCE (MISSOURI): $430 million series 2013A taxable bonds (Aa2/AA+/AA+); negotiated; Morgan Stanley & Co. LLC (lead); Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC (co-managers); proceeds for general corporate purposes.

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.

COLLIN COUNTY (TEXAS): $56,264,982 series 2013 unlimited tax road and refunding bonds (Aaa/AAA/); negotiated; Citigroup Global Markets Inc. and Estrada Hinojosa & Co. Inc. (lead); proceeds to construct, maintain and operate macadamized, graveled or paved roads and turnpikes in the county, as well as to refund existing debt.

• $40.07 million series 2013A road and refunding bonds due 2014 to 2033

• $16,194,982 series 2013B refunding bonds due 2014 to 2025

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.

INDIANA BOND BANK: $263.96 million series 2013 taxable school severance funding refunding bonds (/AA+/); negotiated; City Securities Corp. and Raymond James/Morgan Keegan (lead for 2013A); City Securities Corp. (lead for 2013B); proceeds to refund debt.

• $247,535,000 series 2013A bonds due 2013 to 2030

• $16,425,000 series 2013B bonds due 2013 to 2025

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.

LINCOLN (NEBRASKA)/LINCOLN ELECTRIC SYSTEM: $71,115,000 series 2013 revenue and refunding bonds (/AA/AA); negotiated; BofA Merrill Lynch (lead); Ameritas Investment Corp. and Wells Fargo Securities LLC (co-managers); proceeds to refund electric system's series 2005 bonds and commercial paper.

LOS ANGELES (CALIFORNIA): $284,535,000 series 2013 wastewater system revenue bonds (Aa2/AA+/AA+); negotiated; Siebert Brandford Shank & Co. LLC and J.P. Morgan Securities LLC (lead); BofA Merrill Lynch, Cabrera Capital Markets LLC and Jefferies & Co. (co-managers); proceeds to finance the construction and improvement of the city's wastewater system, as well as to refund outstanding commercial paper.

• $146.61 million series 2013A bonds

• $137,925,000 series 2013B refunding 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.

MASSACHUSETTS: $1,115,260,000 series 2013 general obligation bonds (Aa1/AA+/AA+); negotiated; BofA Merrill Lynch (lead); Barclays, Citigroup Global Markets Inc., Jefferies & Co., J.P. Morgan Securities LLC, RBC Capital Markets LLC, Wells Fargo Securities LLC, Fidelity Capital Markets LLC, Mesirow Financial Inc., Morgan Stanley & Co. LLC, M.R. Beal & Co., Ramirez & Co. Inc., Raymond James/Morgan Keegan, Siebert Brandford Shank & Co. LLC, Stifel, Nicolaus & Co. Inc., TD Securities (USA) LLC and U.S. Bancorp Investments Inc. (co-managers); proceeds to finance capital projects as part of the commonwealth's five-year plan, as well as to refund existing G.O. debt.

• $640.26 million series 2013B G.O. refunding bonds due 2013 and 2016 to 2025

• $375 million consolidated loan of 2013 series C G.O. bonds due 2039 to 2043

• $100 million consolidated loan of 2013 series D green bonds due 2032

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.

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

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.

REEDY CREEK IMPROVEMENT DISTRICT (FLORIDA): $54,535,000 series 2013-1 utilities revenue refunding bonds (A1/A/A); negotiated; BofA Merrill Lynch (lead); Morgan Stanley & Co. LLC and Loop Capital Markets LLC (co-managers); bonds due 2013 to 2025; proceeds to refund the district's series 2003-1 and series 2005-1 utilities revenue bonds.

ST. LUCIE COUNTY (FLORIDA): $54,055,000 series 2013 sales tax refunding revenue bonds (A2/A/); negotiated; RBC Capital Markets LLC and Citigroup Global Markets Inc. (lead); proceeds to refund the county's series 2003 revenue bonds.

• $44,895,000 series 2013A bonds due 2013 to 2033

• $9.16 million series 2013B bonds due 2013 to 2025

WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/ASCENSION HEALTH ALLIANCE SENIOR CREDIT GROUP: $600 million series 2013 revenue bonds (Aa2/AA+/AA+); negotiated; Morgan Stanley & Co. LLC (lead); Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC (co-managers); proceeds to refinance debt for Marian Health System, Via Christi Health, Ministry Health Care and St. John Health Care and their affiliates.

• $100 million series 2013A bonds

• $500 million series 2013B bonds

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.