Municipal Calendar: New York City readies for $500 million deal

Week of July 15

BEXAR COUNTY (TEXAS): $350 million series 2013B combination tax and revenue certificates of obligation (Aaa//AAA); negotiated; Loop Capital Markets LLC (lead); proceeds to make capital improvements throughout the county; pricing week of July 15.

CALIFORNIA STATE UNIVERSITY: $243,745,000 series 2013A system-wide revenue bonds (Aa2/AA-/); negotiated; BofA Merrill Lynch (lead); Barclays, Siebert Brandford Shank & Co. LLC, Academy Securities, Alamo Capital, Blaylock Robert Van LLC, De La Rosa & Co., Fidelity Capital Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Prager & Co. LLC, RBC Capital Markets LLC, RH Investment Corp., U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC (co-managers); bonds due 2014 to 2024; proceeds to finance capital improvements at all of the university's campuses, as well as to refund the university's series 1998 auxiliary organization revenue refunding bonds and its series 2005A and 2005C system-wide revenue bonds; pricing week of July 15.

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 July 15.

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 July 15.

GEISINGER HEALTH SYSTEM (PENNSYLVANIA): $284.4 million series 2013 taxable bonds (Aa2/AA/); negotiated; J.P. Morgan Securities LLC and Wells Fargo Securities LLC (lead); BofA Merrill Lynch (co-manager); proceeds for general corporate purposes; pricing week of July 15.

METROPOLITAN SEWER DISTRICT OF GREATER CINCINNATI (OHIO): $430,505,000 series 2013 sewer system improvement and refunding revenue bonds (Aa2/AA+/); negotiated; Citigroup Global Markets Inc. (lead); proceeds to make capital improvements to the system, as well as to refund existing debt; pricing week of July 15.

• $294.51 million series 2013A revenue bonds

• $135,995,000 series 2013B taxable refunding bonds

MIAMI-DADE COUNTY (FLORIDA): $487.45 million series 2013 water and sewer revenue bonds (Aa3/A+/A+); negotiated; Morgan Stanley & Co. LLC (lead); Barclays, Goldman, Sachs & Co., M.R. Beal & Co., Rice Securities LLC, Blaylock Robert Van LLC, Cabrera Capital Markets LLC, Estrada Hinojosa & Co. Inc., Jefferies & Co., Ramirez & Co. Inc., RBC Capital Markets LLC, Siebert Brandford Shank & Co. LLC, Southwest Securities Inc. and Wells Fargo Securities LLC (co-managers); proceeds to construct and acquire improvements to the city's sewer and water system; pricing week of July 15.

• $339,055,000 series 2013A water and sewer system revenue bonds

• $148,395,000 series 2013B refunding bonds

SAN DIEGO UNIFIED SCHOOL DISTRICT (CALIFORNIA): $220 million series 2013-14 tax and revenue anticipation notes; negotiated; Citigroup Global Markets Inc. and Loop Capital Markets LLC (lead); Stifel, Nicolaus & Co. (co-manager); proceeds to fund capital expenditures and other general fund expenses; pricing week of July 15.

• $145 million series 2013-14A-1 notes due Jan. 31, 2014

• $75 million series 2013-14A-2 notes due June 30, 2014

SAN FRANCISCO AIRPORT COMMISSION (CALIFORNIA): $461,115,000 series 2013 airport revenue bonds (A1/A+/A+); negotiated; Citigroup Global Markets Inc. (lead); proceeds to finance the commission's new capital improvement program and related operating expenditure growth; pricing week of July 15.

• $343,845,000 series 2013A AMT bonds

• $80,415,000 series 2013B non-AMT bonds

• $17.87 million series 2013C taxable bonds

• $3.85 million series 2013D AMT bonds

• $15,135,000 series 2013E non-AMT bonds

TEXAS: $90.93 million series 2013 water financial assistance general obligation bonds (Aaa/AA+/AAA); negotiated; BofA Merrill Lynch (lead); Estrada Hinojosa & Co. Inc., Fidelity Capital Markets Inc. and RBC Capital Markets LLC (co-managers); proceeds to provide water improvement loans to local government entities and to refund existing water bonds; pricing week of July 15.

• $57,615,000 series 2013B G.O. bonds due 2014 to 2033 with term bonds due 2038 and 2040

• $33,315,000 series 2013C G.O. refunding bonds due 2014 to 2021

UNIVERSITY OF MASSACHUSETTS BUILDING AUTHORITY: $276 million series 2013 refunding revenue bonds; negotiated; Jefferies & Co. (sole underwriter for 2013-3); Wells Fargo Securities LLC (lead for 2013-4); Ramirez & Co. Inc. (lead for 2013-5); proceeds to refund existing revenue debt; pricing week of July 15.

• $26 million series 2013-3 project and revenue refunding bonds

• $80 million series 2013-4 taxable revenue refunding bonds

• $170 million series 2013-5 taxable refunding revenue bonds

Week of July 22

July 23

HARRIS COUNTY (TEXAS): $295 million series 2013 tax anticipation notes (/SP-1+/F1+); competitive; First Southwest Co. (financial adviser); notes due Feb. 28, 2014; proceeds to finance capital requirements for the county ahead of the collection of certain taxes; pricing July 23.

July 24

CITY OF NEW YORK: $500 million of fiscal series 2014A general obligation bonds; negotiated and competitive; J.P. Morgan Securities Inc. lead for negotiated sale; Public Resources Advisory Group financial advisor for competitive sale; serial maturities from 2015 through 2039; proceeds for capital purposes.

• $375 million of sub-series A-1 tax-exempt bonds through a negotiated offering

• $125 million of sub-series A-2 taxable bonds pricing via a competitive sale on July 24

CONNECTICUT: $200 million series 2013C general obligation bonds (Aa3/AA/AA); competitive; Acacia Financial Group Inc. and A.C. Advisory Inc. (financial advisers); bonds due 2014 to 2033; proceeds to finance statewide capital expenditures; pricing July 24.

MARYLAND: $475 million series 2013 state and local facilities loan of 2013 general obligation bonds (Aaa/AAA/AAA); competitive; Public Financial Management Inc. (financial adviser); proceeds to finance capital facilities, as well as to finance capital grants to local governments for public schools, community colleges and jails; pricing July 24.

• $435 million series 2013A tax-exempt bonds due 2017 to 2028

• $40 million series 2013B taxable bonds due 2017 to 2018

August 6

STATE OF MINNESOTA: $470,205,000 of general obligation state bonds; competitive; Public Resources Advisory Group (financial advisor); proceeds to finance capital projects and state highway construction and to develop the state's agricultural resources by financing Rural Finance Authority programs; pricing on Aug. 6.

• $265,205,000 of series 2013A various purpose bonds due 2014 through 2033

• $200 million of series 2013B trunk highway bonds due 2014 through 2033

• $5 million of series 2013C taxable state bonds due Aug. 1, 2018

On the Horizon

BAY AREA TOLL AUTHORITY (CALIFORNIA): $750 million series 2013S-4 San Francisco Bay Area subordinate toll bridge revenue bonds (A1/A+/); negotiated; BofA Merrill Lynch and Citigroup Global Markets Inc. (lead); Barclays, J.P. Morgan Securities LLC, Stifel, Nicolaus & Co. LLC, De La Rosa & Co. Inc., Fidelity Capital Markets Inc., Goldman, Sachs & Co., Loop Capital Markets LLC, RBC Capital Markets LLC, Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC (co-managers); bonds due 2027 to 2033 with term bonds due in 2038, 2043, 2048 and 2053; proceeds to fund capital projects.

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.

COMMUNITY FACILITIES DISTRICT NO. 2013-1 OF THE SANTA MARGARITA WATER DISTRICT (CALIFORNIA): $60,145,000 series 2013 special tax bonds; negotiated; Stifel, Nicolaus & Co. (lead); bonds due 2014 to 2030 with term bonds due in 2033, 2036 and 2043; proceeds to form the district and construct and acquire capital needs for the district.

COVENANT RETIREMENT COMMUNITIES INC.: $62.79 million series 2013 revenue bonds (/BBB-/BBB+); negotiated; Ziegler Capital Inc. (lead); proceeds to fund the construction of a three-story retirement community in Northbrook, Ill., and the construction of a one-story town center building in San Diego, Calif.

• $24,505,000 series 2013A revenue bonds through Colorado Health Facilities Authority

• $17.55 million series 2013B tax-exempt mandatory paydown securities through Colorado Health Facilities Authority

• $20,735,000 series 2013C revenue bonds through California Statewide Communities Development Authority

DISTRICT OF COLUMBIA WATER AND SEWER AUTHORITY: $300 million series 2013A public utility subordinate lien revenue bonds (Aa3/AA/AA-); negotiated; Barclays and Loop Capital Markets LLC (lead); BofA Merrill Lynch, Goldman, Sachs & Co., Ramirez & Co., Jefferies & Co., Lebenthal & Co. LLC and Raymond James/Morgan Keegan (co-managers); bonds due 2043 and 2048; proceeds to finance capital improvements to the city's water and sewer systems.

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.

HAMILTON COUNTY (OHIO): $260.81 million series 2013 sewer system improvement and refunding bonds (Aa2/AA+/); negotiated; Citigroup Global Markets Inc., RBC Capital Markets LLC and Morgan Stanley & Co. LLC (lead); BofA Merrill Lynch, Fifth Third Securities Inc., Loop Capital Markets LLC and Stifel, Nicolaus & Co. LLC (co-managers); proceeds to make capital improvements to the county's sewer system, as well as to refund existing bonds.

• $180,815,000 series 2013A tax-exempt improvement and refunding bonds due 2014 to 2033 with term bond due 2038

• $79,995,000 series 2013B taxable refunding bonds due 2013 to 2017

KANSAS CITY (MISSOURI): $207.85 million series 2013 general improvement airport revenue bonds (A2/A+/); negotiated; BofA Merrill Lynch and Piper Jaffray & Co. (lead); Backstrom McCarley Berry & Co. LLC and Stern Brothers & Co. (co-managers); proceeds to refund city's series 2001 general improvement revenue bonds.

• $149,055,000 series 2013A AMT refunding bonds due 2013 to 2027

• $58,795,000 series 2013B non-AMT refunding bonds due 2015 to 2019

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

LEE LAKE PUBLIC FINANCING AUTHORITY (CALIFORNIA): $66,235,000 series 2013 revenue bonds (/BBB/); negotiated; Piper Jaffray & Co. (lead); proceeds to refund existing special tax bonds and fund a reserve account.

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.

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

MIAMI-DADE COUNTY HEALTH FACILITIES AUTHORITY/MIAMI CHILDREN'S HOSPITAL (FLORIDA): $103.75 million series 2013 hospital revenue refunding bonds (/A/A); negotiated; J.P. Morgan Securities LLC and Wells Fargo Securities LLC (lead); proceeds to refund the hospital's series 2006A-2, 2006B-1 and 2006B-2 revenue bonds.

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.

MT. SAN ANTONIO COMMUNITY COLLEGE DISTRICT (TEXAS): $120,645,000 series 2013 general obligation refunding bonds (Aa2); negotiated; RBC Capital Markets LLC (lead); proceeds to refund existing G.O. debt.

• $72.15 million series 2013A tax-exempt G.O. bonds

• $48,495,000 series 2013B taxable G.O. bonds

NORTH NATOMAS COMMUNITY FACILITIES DISTRICT NO. 4 (CALIFORNIA): $71 million series 2013E special tax refunding bonds (/BBB+/); negotiated; Stifel, Nicolaus & Co. (lead); proceeds to refund the district's series 1999A, 2001B, 2003C and 2006D special tax bonds.

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.

OHIO: $1,107,865,907.50 series 2013A turnpike revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, BofA Merrill Lynch, Fidelity Capital Markets LLC, The Huntington Investment Co., Jefferies & Co., KeyBanc Capital Markets LLC, Loop Capital Markets LLC, PNC Capital Markets LLC, RBC Capital Markets LLC, Rice Financial Products Co., Stifel, Nicolaus & Co. and Wells Fargo Securities LLC (co-managers); proceeds to finance capital improvements to the turnpike system.

• $73.78 million series 2013A turnpike revenue bonds (Aa3/AA-/AA) due Feb. 15, 2050

• $1,034,085,907.50 series 2013A turnpike junior lien revenue bonds (A1/A+/A+) due 2019 to 2048 with term bond due 2050

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.

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.

PHILADELPHIA (PENNSYLVANIA): $363.77 million series 2013 general obligation bonds (A2/A-/A-); negotiated; Citigroup Global Markets Inc. and Siebert Brandford Shank & Co. LLC (lead); J.P. Morgan Securities LLC, Mesirow Financial Inc., PNC Capital Markets LLC, RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers); proceeds to fund capital improvements and refund the city's series 2003A and 2008B G.O. bonds.

• $197,445,000 series 2013A G.O. bonds due 2014 to 2033

• $166,325,000 series 2013B G.O. refunding bonds due 2014 to 2033 with term bond due in 2038

PRINCETON THEOLOGICAL SEMINARY (NEW JERSEY): $85 million series 2013 taxable bonds (Aa1/AAA/); negotiated; Morgan Stanley & Co. LLC (lead); Wells Fargo Securities LLC (co-manager); proceeds for general corporate purposes of the seminary, as well as to refund the seminary's series 2002G bonds and a line of credit.

PROVIDENCE HEALTH AND SERVICES (CALIFORNIA AND OREGON): $216,825,000 series 2013 revenue bonds (Aa2/AA/AA); negotiated; BofA Merrill Lynch (lead); proceeds to refund existing debt.

• $78.06 million series 2013A revenue bonds through the Oregon Facilities Authority

• $138,765,000 series 2013B revenue bonds through the California Health Facilities Financing Authority

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

SOUTH CAROLINA PUBLIC SERVICE AUTHORITY: $1,748,000,000 of revenue obligation bonds (Aa3/AA-/AA-); negotiated; Goldman, Sachs & Co. (lead for series A and B bonds), Barclays (lead for series C bonds), Morgan Stanley & Co. LLC (lead for series D bonds); BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities Inc. and Wells Fargo Securities LLC (co-managers); proceeds to fund a portion of the authority's ongoing capital improvement program and to refinance a portion of outstanding debt.

• $811 million of series 2013A tax-exempt bonds due 2043, 2048 and 2053

• $399 million of series 2013B tax-exempt refunding bonds due 2037 and 2046

• $212 million of series 2013C taxable bonds due 2042

• $326 million of series 2013D taxable Libor index bonds due 2015 and 2016

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

TYLER INDEPENDENT SCHOOL DISTRICT (TEXAS): $143.27 million series 2013 unlimited tax school building bonds (/AAA/AAA); negotiated; BofA Merrill Lynch, Raymond James/Morgan Keegan, R.W. Baird & Co., Southwest Securities Inc., Wells Fargo Securities LLC and Edward D. Jones & Co. LP (underwriters); bonds due 2014 to 2043; proceeds to construct, acquire, equip and renovate school facilities in the district.

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.

WASHINGTON STATE HOUSING FINANCE COMMISSION: $107,295,000 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.

• $82,495,000 series 2013A revenue and refunding bonds due Jan. 1, 2049

• $4.65 million series 2013B-1 tax-exempt mandatory paydown securities due Jan. 1, 2021

• $4.65 million series 2013B-2 tax-exempt mandatory paydown securities due Jan. 1, 2020

• $15.5 million series 2013B-3 tax-exempt mandatory paydown securities due Jan. 1, 2020

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