Municipal Calendar: Tobacco Settlement preps $638 million offering

Week of June 24

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 24.

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; pricing week of June 24.

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; pricing week of June 24.

NORTHSIDE INDEPENDENT SCHOOL DISTRICT (TEXAS): $70 million series 2013 school building bonds (Aaa//AAA); negotiated; Raymond James/Morgan Keegan (lead); Robert W. Baird & Co. and Southwest Securities Inc. (co-managers); bonds due 2014 and 2034 to 2043; proceeds to acquire land, as well as construct, equip, renovate and improve school facilities within the district; pricing week of June 24.

PENNSYLVANIA HOUSING FINANCE AGENCY: $129.07 million series 2013-116 AMT single-family mortgage revenue bonds; negotiated; RBC Capital Markets LLC and BofA Merrill Lynch (lead); Barclays, George K. Baum & Co., Drexel Hamilton LLC, Janney Montgomery Scott LLC, J.P. Morgan Securities LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, PNC Capital Markets LLC, Quoin Capital LLC and Wells Fargo Securities LLC (co-managers); bonds due 2013 to 2024 with term bonds due in 2028, 2033, 2038, 2040 and 2043; proceeds to finance single-family mortgage loans to qualified Pennsylvania residents; pricing week of June 24.

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; pricing week of June 24.

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; pricing week of June 24.

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; pricing week of June 24.

June 27

GRAPEVINE (TEXAS): $62.77 million series 2013 general obligation bonds (Aa2/AA/); competitive; Public Resources Advisory Group LLC (financial adviser); bonds due 2014 to 2033; proceeds to construct and equip a new public safety building and acquire land, as well as the construct, improve, equip , renovate and expand an existing community activities center; pricing June 27.

Week of July 8

July 11

UTAH: $216,975,000 series 2013 general obligation bonds (Aaa/AAA/AAA); competitive; Zions Bank Public Finance (financial adviser); bonds due 2014 to 2028; proceeds to finance highway projects throughout the state; pricing July 11.

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.

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.

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.

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.

INDIANAPOLIS (INDIANA): $51,445,000 series 2013A gas utility distribution system second lien revenue refunding bonds (A2/AA-/); negotiated; J.P. Morgan Securities LLC (lead); City Securities Corp., Morgan Stanley & Co. LLC and PNC Capital Markets LLC (co-managers); proceeds to refund the city's series 2008A gas utility distribution system revenue bonds.

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.

• $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

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 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.

METROPOLITAN WASHINGTON AIRPORTS AUTHORITY: $242.74 million series 2013 airport system revenue bonds; negotiated; Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC (lead); BofA Merrill Lynch, Barclays, Citigroup Global Markets Inc., Davenport & Co. LLC, Loop Capital Markets LLC, Raymond James/Morgan Keegan and U.S. Bancorp Investments Inc. (co-managers); proceeds to finance airport capital improvements, as well as to refund existing debt.

• $204.7 million series 2013A AMT airport system revenue and refunding bonds due 2018 to 2033 with term bonds due 2038 and 2043

• $27.35 million series 2013B taxable airport system revenue refunding bonds due 2016 to 2023

• $10.69 million series 2013C non-AMT airport system revenue refunding bonds due 2020 to 2022

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.

NEW YORK STATE ENVIRONMENTAL FACILITIES CORP.: $378.38 million series 2013A state clean and drinking water funds revenue bonds; negotiated; Citigroup Global Markets Inc. and M.R. Beal & Co. (lead); BofA Merrill Lynch, Barclays, BNY Capital Markets LLC, Blaylock Robert Van LLC, CastleOak Securities LP, Estrada Hinojosa & Co. Inc., Fidelity Capital Markets LLC, George K. Baum & Co., Goldman, Sachs & Co., Guggenheim Securities LLC, Janney Montgomery Scott LLC, J.P. Morgan Securities LLC, Jefferies & Co., KeyBanc Capital Markets LLC, Lebenthal & Co. LLC, Loop Capital Markets LLC, Ramirez & Co. Inc., Mesirow Financial Inc., Morgan Stanley & Co. LLC, RBC Capital Markets LLC, Rice Financial Products Co., Rockfleet, Roosevelt & Cross Inc., Siebert Brandford Shank & Co. LLC, Stifel, Nicolaus & Co. Inc., The Williams Capital Group LP and Wells Fargo Securities LLC (co-managers); bonds due 2014 to 2033; proceeds to refund existing debt issued to finance clean and drinking water projects.

OHIO WATER DEVELOPMENT AUTHORITY: $111.88 million series 2013A fresh water development revenue bonds (Aaa/AAA/); negotiated; Ramirez & Co. Inc. (lead); Jefferies & Co. Inc., Cabrera Capital Markets LLC, Drexel Hamilton LLC, M.R. Beal & Co. and Ross, Sinclaire & Associates (co-managers); bonds due 2013 to 2023; proceeds to refund the authority's series 1995, 1998, 2001A-B, 2002, 2004, 2005, 2009A-B and 2010A-B fresh water revenue bonds.

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.

POSEY COUNTY (INDIANA)/MIDWEST FERTILIZER CORP.: $1,259,000,000 series 2013A economic development revenue bonds (/A-1+/); negotiated; Guggenheim Securities LLC and Citigroup Global Markets Inc. (lead); bonds due July 1, 2046; proceeds to finance the construction, acquisition, equipment and improvement of a nitrogen fertilizer plant in Posey County.

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

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.

• $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.

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

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

TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP./METHODIST HOSPITALS OF DALLAS (TEXAS): $187,365,000 series 2013 hospital revenue bonds (Aa3/AA-/); negotiated; BofA Merrill Lynch (lead); J.P. Morgan Securities LLC, Wells Fargo Securities LLC, Estrada Hinojosa & Co. Inc., BOSC Inc. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to construct a new six-floor trauma/critical care tower at the Methodist Dallas, as well as new operating rooms and other hospital facilities.

TEXAS WATER DEVELOPMENT BOARD: $68.21 million series 2013A state revolving fund revenue refunding bonds (Aaa/AAA/AAA); negotiated; Piper Jaffray & Co. (lead); Mesirow Financial Inc., Raymond James/Morgan Keegan and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2014 to 2017; proceeds to refund the board's series 1998A and 1999B revenue bonds.

VERMONT MUNICIPAL BOND BANK: $71.91 million series 2013 bonds (Aa2/AA+/); negotiated; Citigroup Global Markets Inc. (lead); proceeds to refund existing bond bank debt.

• $53,055,000 series 2013-1 bonds due 2014 to 2033 with term bonds due in 2038 and 2043

• $18,855,000 series 2013-2 refunding bonds due 2014 to 2025

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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