Municipal Calendar: St. Joseph Health arranges $763.67 million deal

Week of June 17

CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY/ST. JOSEPH HEALTH SYSTEM: $763.67 million series 2013 revenue bonds (A1/AA-/AA-); negotiated; Morgan Stanley & Co. LLC (sole); proceeds to construct, equip, acquire, renovate and remodel the Hoag Hospital Newport Beach, St. Joseph Hospital, St. Jude Medical Center, St. Mary Medical Center and Santa Rosa Memorial Hospital; pricing week of June 17.

CITY OF HOPE (CALIFORNIA): $250 million series 2013 taxable direct obligation notes (A1/A+/AA-); negotiated; J.P. Morgan Securities LLC (lead); Barclays and Wells Fargo Securities LLC (co-managers); proceeds to construct a new inpatient/outpatient facility and to make other repairs and improvements to City of Hope facilities; pricing week of June 17.

KERN COMMUNITY COLLEGE DISTRICT (CALIFORNIA): $98,985,000 series 2013 general obligation bonds (Aa2); negotiated; Piper Jaffray & Co. (lead); proceeds to finance capital projects for the district, as well as to refund existing G.O. debt; pricing week of June 17.

• $54,805,000 series 2013C G.O. bonds

• $10,375,000 series 2013 G.O. refunding bonds

• $33,805,000 series 2013 taxable G.O. refunding bonds

METROPOLITAN TRANSPORTATION AUTHORITY (NEW YORK): $350 million series 2013D transportation revenue bonds; negotiated; RBC Capital Markets LLC and M.R. Beal & Co. (lead); BofA Merrill Lynch, Barclays, Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Jefferies & Co., Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC, Wells Fargo Securities LLC, BB&T Capital Markets Inc., CastleOak Securities LP, Duncan-Williams Inc., Edward D. Jones & Co. LP, Fidelity Capital Markets Inc., First Southwest Co., Lebenthal & Co. Inc., Loop Capital Markets LLC, Piper Jaffray & Co., Raymond James/Morgan Keegan, Roosevelt & Cross Inc., Rice Financial Products Co., Stifel, Nicolaus & Co. Inc. and TD Securities (USA) LLC (co-managers); proceeds to refinance commercial paper initially issued to finance commuter and transit projects; pricing week of June 17.

MILWAUKEE COUNTY (WISCONSIN): $101.21 million series 2013B taxable general obligation pension refunding bonds (Aa2/AA/AA+); negotiated; RBC Capital Markets LLC and Barclays (lead); bonds due 2014 to 2023; proceeds to refund outstanding pension obligation bonds; pricing week of June 17.

SOCORRO INDEPENDENT SCHOOL DISTRICT (TEXAS): $232,809,967 series 2013 school and refunding bonds; negotiated; Wells Fargo Securities LLC and Southwest Securities Inc. (lead for 2013A); BOSC Inc., Loop Capital Markets LLC and Piper Jaffray & Co. (co-managers for 2013A); Raymond James/Morgan Keegan and Ramirez & Co. Inc. (lead for 2013B); Rockfleet Financial Services Inc., Siebert Brandford Shank & Co. LLC and Loop Capital Markets LLC (co-managers for 2013B); RBC Capital Markets LLC and Citigroup Global Markets Inc. (lead for 2013); Cabrera Capital Markets LLC, Samco Capital Markets Inc. and Southwest Securities Inc. (co-managers for 2013); proceeds to construct, equip and furnish schools within the district, as well as to refund the district's series 2005 and 2005A school building bonds; pricing week of June 17.

• $68,705,000 series 2013A unlimited tax refunding bonds due 2013 to 2032

• $64,104,967 series 2013B unlimited tax refunding bonds due 2013 to 2028

• $100 million series 2013 unlimited tax school building bonds due 2023 to 2038

TANGIPAHOA PARISH HOSPITAL SERVICE DISTRICT NO. 1/NORTH OAKS HEALTH SYSTEM (LOUISIANA): $66,245,000 series 2013 hospital revenue bonds (/BBB/); negotiated; Raymond James/Morgan Keegan (lead); proceeds to finance hospital improvements for North Oaks, as well as the refund the district's series 2003A revenue bonds; pricing week of June 17.

• $55,445,000 series 2013A refunding bonds due 2014 to 2028

• $10.8 million series 2013B revenue bonds due 2031 and 2034

Week of June 24

June 25

SALT LAKE COUNTY (UTAH): $67 million series 2013 tax and revenue anticipation notes (MIG 1); competitive; Zions Bank Public Finance (financial adviser); notes due Dec. 27, 2013; proceeds to finance cash flow needs for the county; pricing June 25.

On the Horizon

BI-STATE DEVELOPMENT AGENCY OF THE MISSOURI-ILLINOIS METROPOLITAN DISTRICT: $376.03 million series 2013A combined lien mass transit sales tax appropriation refunding bonds (Aa3/AA+/); negotiated; RBC Capital Markets LLC (lead); Jefferies & Co., Morgan Stanley & Co. LLC, Backstrom McCarley Berry & Co. LLC, BofA Merrill Lynch, Edward D. Jones & Co. LP, Loop Capital Markets LLC, M.R. Beal & Co., Piper Jaffray & Co., Raymond James/Morgan Keegan, Stern Brothers & Co., Stifel, Nicolaus & Co., U.S. Bancorp Investments Co. and Wells Fargo Securities LLC (co-managers); bonds due 2014 to 2030 with term bonds due 2033, 2040, 2042, 2045, 2047, 2049 and 2050; proceeds to refund the agency's series 2002A-C, 2007 and 2010A revenue 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.

COLUMBUS-FRANKLIN COUNTY FINANCE AUTHORITY (OHIO): $128,085,000 series 2013A taxable research and development revenue bonds (/AA-/); negotiated; Ross, Sinclaire & Associates LLC and KeyBanc Capital Markets LLC (lead); bonds due 2014 to 2026; proceeds to refinance existing loans and fund venture capital commitments, as well as to refund existing debt.

CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/YALE UNIVERSITY: $100 million series 2013A revenue bonds (Aaa/AAA/); negotiated; J.P. Morgan Securities LLC and Barclays (lead); bonds due July 1, 2042; proceeds to refund the university's series X-1 bonds issued in 2003.

CONTRA COSTA WATER DISTRICT (CALIFORNIA): $90 million series 2013R water revenue refunding bonds (/AA+/AA+); negotiated; Morgan Stanley & Co. LLC (lead); Goldman, Sachs & Co. and Raymond James/Morgan Keegan (co-managers); bonds due 2015 to 2033 with term bond due in 2043; proceeds to refund all or a portion of the district's series M water revenue bonds.

DISTRICT OF COLUMBIA: $62.89 million series 2013A KIPP DC issue revenue bonds (/BBB+/); negotiated; Baird & Co. (lead); bonds due 2017 to 2019 with term bonds due in 2023, 2033, 2043 and 2048; proceeds to acquire and develop a charter school at Mount Olivet Road in D.C., as well as to refund the city's series 2008 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.

ILLINOIS: $1.3 billion series of June 2013 general obligation bonds (//A-); negotiated; Wells Fargo Securities LLC, Siebert Brandford Shank & Co. LLC and Stifel, Nicolaus & Co. Inc. (lead); Cabrera Capital Markets LLC, George K. Baum & Co. LLC, Lebenthal & Co. LLC, M.R. Beal & Co. Inc., Oppenheimer & Co., Piper Jaffray & Co., PNC Capital Markets LLC, William Blair & Co., Janney Montgomery Scott LLC and North South Capital (co-managers); bonds due 2014 to 2038; proceeds to finance capital development, school construction and transportation projects.

ILLINOIS FINANCE AUTHORITY/REHABILITATION INSTITUTE OF CHICAGO: $125 million series 2013A revenue bonds (//A-); negotiated; Goldman, Sachs & Co. and J.P. Morgan Securities LLC (lead); Loop Capital Markets LLC (co-manager); bonds due 2033, 2043 and 2048; proceeds to prepay the institute's series 2009A-C revenue bonds and to retire commercial paper notes.

LITTLE ROCK (ARKANSAS): $58.36 million series 2013 limited obligation capital improvement general obligation bonds (Aa2/AA/); negotiated; Stephens Inc. (lead); Crews & Associates Inc., Loop Capital Markets LLC and Raymond James/Morgan Keegan (co-managers); bonds due 2014 to 2028 with term bonds due in 2030 and 2033; proceeds to finance capital improvements within the city.

LOS ANGELES (CALIFORNIA): $1,324,500,000 series 2013 tax and revenue anticipation notes (MIG 1/SP-1+/F1+); negotiated; De La Rosa & Co. Inc. and Goldman, Sachs & Co. (lead); Ramirez & Co. Inc. (co-manager); proceeds for cash flow management and to prepay pension obligations for the city during the 2013-14 fiscal year.

• Series A notes due Feb. 27, 2014

• Series B notes due May 1, 2014

• Series C notes due June 26, 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 DEVELOPMENT FINANCE AGENCY/DANA-FARBER CANCER INSTITUTE: $50,985,000 series 2013M revenue bonds (A1/A/); negotiated; Goldman, Sachs & Co. (lead); bonds due Dec. 1, 2028; proceeds to renovate the institute's 154,000 square-foot research center and for general corporate purposes.

MASSACHUSETTS DEVELOPMENT FINANCE AGENCY/NORTH HILL COMMUNITIES: $91.23 million series 2013 revenue bonds; negotiated; Ziegler Capital Inc. and M&T Securities Inc. (lead); proceeds to reimburse the authority for the construction of a senior living facility in Needham, Mass.

• $47,625,000 series 2013A bonds

• $6.64 million series 2013B-1 mandatory paydown securities

• $17,625,000 series 2013B-2 mandatory paydown securities

• $12,235,000 series 2013B-3 mandatory paydown securities

• $7,105,000 series 2013B-4 mandatory paydown securities

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

MISSISSIPPI DEVELOPMENT BANK: $90 million series 2013 water and sewer system revenue bond project special obligation bonds (A1/AA-/); negotiated; Rice Financial Products Co. and Morgan Stanley & Co. LLC (lead); proceeds to finance water and sewer improvements for Jackson.

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.

NASSAU COUNTY (NEW YORK): $210 million series 2013 revenue anticipation notes (/SP-1+/F1); negotiated; J.P. Morgan Securities LLC and Ramirez & Co. Inc. (lead); proceeds to finance capital needs for the county.

• $155 million series 2013A notes due March 31, 2014

• $55 million series 2013B notes due April 30, 2014

ORANGE COUNTY SCHOOL BOARD (FLORIDA): $85.16 million of series 2013A certificates of participation (Aa2//AA); negotiated; J.P. Morgan Securities LLC (lead); BofA Merrill Lynch, Citigroup Global Markets Inc., Jefferies & Co., Loop Capital Markets LLC, Raymond James/Morgan Keegan and Wells Fargo Securities LLC (co-managers); certificates due 2015 to 2029; proceeds to refund the board's series 2004A COPs.

RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP./ROGER WILLIAMS UNIVERSITY: $54.79 million series 2013 higher education facility revenue refunding bonds; negotiated; BofA Merrill Lynch (lead); Janney Montgomery Scott LLC, RBC Capital Markets LLC and US Bancorp Investment Co. (co-managers); bonds due 2014 to 2038; proceeds to refund the university's series 2003 and 2008B revenue bonds.

RIVERSIDE (CALIFORNIA): $94,135,000 series 2013 electric revenue bonds (/AA-/AA-); negotiated; De La Rosa & Co. (lead); proceeds to prepay obligations related to the acquisition of the Clearwater Cogeneration Power Plan, as well as to refund existing variable-rate debt.

• $93.55 million series 2013A refunding electric revenue bonds

• $585,000 series 2013B taxable electric revenue bonds

RIVERSIDE COUNTY TRANSPORTATION COMMISSION (CALIFORNIA): $633,874,865 series 2013 revenue bonds; negotiated; Goldman, Sachs & Co. and BofA Merrill Lynch (lead for limited tax sales tax bonds); Barclays, J.P. Morgan Securities LLC and De La Rosa & Co. (co-managers for limited tax sales tax bonds); BofA Merrill Lynch and Goldman, Sachs & Co. (lead for toll revenue senior lien bonds); J.P. Morgan Securities LLC (co-manager for toll revenue senior lien bonds); proceeds to construct and improve State Road 91, as well as to retire commercial paper notes.

• $425.08 million series 2013A limited tax sales tax revenue bonds (Aa2/AA+/AA)

• $142.4 million series 2013A toll revenue senior lien bonds (/BBB-/BBB-)

• $66,394,865 series 2013B toll revenue senior lien bonds (/BBB-/BBB-)

SAN ANTONIO (TEXAS): $350 million series 2013 electric and gas systems revenue bonds (Aa2/AA-/AA+); negotiated; Citigroup Global Markets Inc. and RBC Capital Markets LLC (lead); Barclays, Ramirez & Co. Inc., M.E. Allison & Co. Inc. and Rice Financial Products Co. (co-managers); proceeds to construct, acquire, rehabilitate and improve the city's electric and gas systems.

SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY: $70,591,522 series 2013D homeownership mortgage bonds (Aa1/AAA/); negotiated; BofA Merrill Lynch (lead); bonds due July 1, 2043; proceeds to finance mortgage loans for qualified South Dakota residents.

STATE BUILDING AUTHORITY (MICHIGAN): $540,695,000 series 2013 revenue and revenue refunding bonds (Aa3/A+/AA-); negotiated; Citigroup Global Markets Inc. and Goldman, Sachs & Co. (lead); BofA Merrill Lynch, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Barclays, Siebert Brandford Shank & Co. LLC, Wells Fargo Securities LLC, Jefferies & Co., Loop Capital Markets LLC and Drexel Hamilton LLC (co-managers); proceeds to refund certain commercial paper notes and existing bonds.

• $505,985,000 series 2013-I-A facilities program revenue and revenue refunding bonds due 2014 to 2033 with term bonds due 2043 and 2047

• $34.71 million series 2013-I-B facilities program taxable revenue refunding bonds due 2013 to 2015

TOBACCO SETTLEMENT FINANCING CORP. (LOUISIANA): $638.03 million series 2013A tobacco settlement asset-backed refunding bonds; negotiated; Citigroup Global Markets Inc. and Jefferies & Co. (lead); BofA Merrill Lynch, Loop Capital Markets LLC, Raymond James/Morgan Keegan, Siebert Brandford Shank & Co. LLC, Southwest Securities Inc., Stephens Inc. and The Williams Capital Group LP (co-managers); bonds due 2016 to 2033 with term bond due in 2035; proceeds to refund all outstanding series 2001B asset-backed tobacco settlement bonds.

UNIVERSITY OF UTAH: $320 million series 2013A general revenue and refunding bonds (Aa1/AA/); negotiated; Goldman, Sachs & Co. and Barclays (lead); BofA Merrill Lynch and J.P. Morgan Securities LLC (co-managers); proceeds to construct and acquire university capital projects, as well as to refund existing debt.

VANCOUVER (WASHINGTON)/DOWNTOWN REDEVELOPMENT AUTHORITY: $55.58 million series 2013 conference center project revenue refunding bonds; negotiated; Piper Jaffray & Co. (lead); proceeds to advance refund the city's series 2003A revenue bonds.

• $38,165,000 series 2013 conference center project revenue refunding bonds (Aa3/AA/) due 2016 to 2028 with term bonds due 2033, 2038 and 2043

• $17,415,000 series 2013 sales and lodging tax revenue refunding bonds (A3/BBB+/) due 2016 to 2028 with term bonds due 2028 and 2034

WASHINGTON STATE HOUSING FINANCE COMMISSION: $107,835,000 series 2013 nonprofit housing revenue bonds; negotiated; Ziegler Capital Inc. (lead); proceeds to construct residential housing units at Rockwood South Hill in Seattle, as well as to refund variable-rate debt.

• $83,985,000 series 2013A revenue and refunding bonds due Jan. 1, 2048

• $4.5 million series 2013B-1 tax-exempt mandatory paydown securities due Jan. 1, 2021

• $4.5 million series 2013B-2 tax-exempt mandatory paydown securities due Jan. 1, 2020

• $14.85 million series 2013B-3 tax-exempt mandatory paydown securities due Jan. 1, 2020

WICHITA (KANSAS)/PRESBYTERIAN MANORS INC.: $83,915,000 series 2013 health care facilities revenue bonds; negotiated; Ziegler Capital Markets Inc. (lead); proceeds to construct, equip, remodel and improve certain assisted living facilities operated by the corporation, as well as to refund the city's series 2004 revenue bonds issued for the corporation.

• $76.79 million series 2013-IV-A bonds

• $7,125,000 series 2013-VI-B bonds

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