Municipal Calendar: Tri-County Metropolitan to sell $255.91 million

Week of February 25

CEDAR HILL INDEPENDENT SCHOOL DISTRICT (TEXAS): $61,399,333.10 series 2013 unlimited tax school building and refunding bonds; negotiated; Raymond James/Morgan Keegan (lead); Duncan-Williams Inc. and Southwest Securities Inc. (co-managers); proceeds to construct, equip, acquire and furnish school buildings within the district, as well as to refund a portion of the district's series 2004 and 2005 revenue bonds; pricing week of Feb. 25.

• $34.34 million series 2013 unlimited tax school building bonds due 2014 to 2025 and 2027 to 2043

• $27,059,333.10 series 2013 unlimited tax refunding bonds due 2023 to 2034 and 2016 to 2022

HIDALGO COUNTY DRAINAGE DISTRICT NO. 1 (TEXAS): $84 million series 2013 unlimited tax improvement bonds (Aa2/AA-/); competitive; First Southwest Co. (financial adviser); bonds due 2014 to 2033; proceeds to construct drainage improvements and acquire rights of way; pricing week of Feb. 25.

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; pricing week of Feb. 25.

• $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

TRI-COUNTY METROPOLITAN TRANSPORTATION DISTRICT OF OREGON: $255.91 million series 2013 payroll tax and grant receipt revenue bonds (Aa3/A+/); negotiated; Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC (lead); bonds due 2015 to 2018; proceeds to construct a pedestrian and bicycle bridge between the cities of Portland and Milwaukie; pricing week of Feb. 25.

TRUST FOR CULTURAL RESOURCES OF THE CITY OF NEW YORK/WILDLIFE CONSERVATION SOCIETY: $88,595,000 series 2013A revenue bonds (Aa3/AA-/); negotiated; Goldman, Sachs & Co. (lead); bonds due 2022 to 2033; proceeds to construct, equip, furnish and acquire Wildlife Conservation Society facilities at the Bronx Zoo and at the New York Aquarium; pricing week of Feb. 25.

Week of March 4

March 5

ANCHORAGE (ALASKA): $107 million series 2013 general obligation tax anticipation notes (/SP-1+/); competitive; First Southwest Co. (financial adviser); notes due Sept. 17, 2013; proceeds to finance cash requirements ahead of the collection of certain taxes; pricing March 5.

CENTRAL WASHINGTON UNIVERSITY (WASHINGTON): $53.69 million series 2013 system revenue refunding bonds (A1); competitive; SDM Advisors Inc. (financial adviser); bonds due 2014 to 2034; proceeds to advance refund the university's series 2004 revenue bonds for a debt service savings; pricing March 5.

LOWER COLORADO RIVER AUTHORITY (TEXAS): $307.97 million series 2013 transmission contract refunding revenue bonds (A2/A/A+); competitive; OBP Muni LLC (financial adviser); bonds due 2014 to 2043; proceeds to refund the $320 million of transmission contract revenue notes; pricing March 5.

UNIVERSITY OF ALABAMA: $133.79 million series 2013 general revenue bonds (Aa2/AA-/); competitive; Protective Securities (financial adviser); proceeds to finance improvements to the university's Birmingham campus and to refund existing debt; pricing March 5.

• $17,675,000 series 2013A-1 bonds due 2014 to 2020

• $69.84 million series 2013A-2 bonds due 2021 to 2043

• $43.22 million series 2013B bonds due 2014 to 2029

• $3,055,000 series 2013C bonds due 2014 to 2019

March 6

MARYLAND: $692.58 million series 2013 general obligation bonds (Aaa/AAA/AAA); competitive; Public Financial Management Inc. (financial adviser); proceeds to finance the acquisition and construction of state facilities, make capital grants to local governments for public schools, community colleges and jail and correctional facilities and make matching fund loans and grants to local governments, nonprofit institutions and other entities for hospitals, cultural projects and other projects, as well as to refund existing G.O. debt; pricing March 6.

• $500 million series 2013 first series A tax-exempt G.O. bonds due 2016 to 2028

• $192.58 million series 2013 first series B tax-exempt G.O. refunding bonds due 2017 to 2020

On the Horizon

COOK COUNTY (ILLINOIS): $90 million county road and highway improvement sales tax revenue bonds (//AAA); negotiated; Wells Fargo Securities LLC (lead); proceeds to finance road, bridge and highway infrastructure projects as part of the county's 2012 -2014 highway transportation plan.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/PACE UNIVERSITY: $116.86 million series 2013 revenue bonds (/BBB-/); negotiated; BofA Merrill Lynch (lead for 2013A, sole for 2013B); Barclays and Ramirez & Co. Inc. (co-managers for 2013A bonds); proceeds to construct, acquire, equip, furnish and renovate campus facilities on Broadway, William Street and Fifth Avenue in New York City, and properties in Pleasantville, N.Y., as well as to refund existing revenue bonds.

• $97,245,000 series 2013A bonds

• $19,615,000 series 2013B bonds

DOUGLAS COUNTY SCHOOL DISTRICT (GEORGIA): $116.91 million series 2013 general obligation refunding bonds (Aa2/AA+/); negotiated; Raymond James/Morgan Keegan (lead); bonds due 2018 to 2027; proceeds to refund existing G.O. debt.

ECTOR INDEPENDENT SCHOOL DISTRICT (TEXAS): $117.94 million series 2013 unlimited tax school building bonds; negotiated; Southwest Securities Inc. (lead); Estrada Hinojosa & Co. and First Southwest Co. (co-managers); bonds due 2014 to 2038; proceeds to construct, equip and furnish high school buildings, construct and equip elementary school buildings and acquire school buses for the district.

FAIRFAX COUNTY (VIRGINIA): $101,455,000 series 2013B public improvement bonds (Aaa/AAA/AAA); negotiated; Morgan Stanley & Co. LLC (lead); bonds due 2014 to 2024; proceeds to finance school, transportation, public safety, parks and recreation and other improvement, as well as to refund the county's series 2004A-B, 2005A, 2007A and 2008A public improvement bonds.

FULTON COUNTY (GEORGIA): $219.8 million series 2013 water and sewerage revenue refunding bonds (Aa3/AA-/AA-); negotiated; J.P. Morgan Securities LLC and Citigroup Global Markets Inc. (lead); BofA Merrill Lynch, Terminus Securities and Raymond James/Morgan Keegan (co-managers); bonds due 2025 to 2035; proceeds to refund the county's series 2004 water and sewerage revenue bonds.

HAMPTON ROADS SANITATION DISTRICT (VIRGINIA): $215.22 million series 2013 wastewater revenue and refunding bonds (Aa2/AAA/AA+); negotiated; Raymond James/Morgan Keegan (lead); bonds due 2013 and 2019 to 2033 with term bond due in 2038; proceeds to finance capital wastewater projects and refund existing revenue bonds.

HOUSTON INDEPENDENT SCHOOL DISTRICT (TEXAS): $150 million series 2013B limited tax variable-rate schoolhouse bonds (Aaa/AAA/); negotiated; Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC (lead); Estrada Hinojosa & Co. Inc. and Loop Capital Markets LLC (co-managers); bonds due 2035 to 2037; proceeds to construct, equip and acquire school buildings within the district.

ILLINOIS: $500 million series of February 2013 general obligation bonds; competitive; Public Resources Advisory Group (financial adviser); bonds due 2014 to 2038; proceeds to finance school and transportation projects, as well as other state capital projects.

LOUISIANA: $249,205,000 series 2013A state highway improvement revenue bonds (Aa3/AA-/AA-); negotiated; Citigroup Global Markets Inc. (lead); Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan and Stephens Inc. (co-managers); bonds due 2014 to 2033; proceeds to fund state highway improvements.

MAIMONIDES MEDICAL CENTER (NEW YORK): $100,535,000 series 2013 Government National Mortgage Association taxable revenue bonds (Aaa/AA+/); negotiated; BofA Merrill Lynch (lead); bonds due March 20, 2032; proceeds to acquire certain GNMA securities.

MARTIN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (FLORIDA)/INDIANTOWN COGENERATION, L.P.: $127.79 million series 2013 industrial development refunding revenue bonds; negotiated; Morgan Stanley & Co. LLC (lead); proceeds to refund Indiantown's series 1994A-B industrial development revenue bonds.

MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY/UNIVERSITY OF MARYLAND MEDICAL SYSTEM: $356,705,000 series 2013 revenue bonds (A2/A-/A); negotiated; J.P. Morgan Securities LLC (lead); BofA Merrill Lynch, Wells Fargo Securities LLC, Loop Capital Markets LLC, M&T Securities Inc. and US Bancorp Inc. (co-managers); proceeds to refinance authority's acquisition of most of the assets of St. Joseph Medical Center in Towson and to refund the authority's series 2004B revenue bonds.

• $241,755,000 series 2013A tax-exempt bonds

• $114.95 million series 2013B taxable bonds

NEVADA: $200,195,000 series 2013 general obligation bonds; negotiated; Morgan Stanley & Co. LLC (lead); KeyBanc Capital Markets Inc. and Piper Jaffray & Co. (co-managers); proceeds to refund the state's series 2004A-B capital improvement and cultural affairs bonds, series 2005A capital improvement, parks and cultural affairs bonds, series 2005C-D open space, parks and cultural affairs bonds, 2005J capital improvement, parks and cultural affairs bonds, series 2005K natural resources bonds, series 2006A-B natural resources bonds, series 2006E capital improvement bonds, series 2007A natural resources and series 2007B capital improvement and cultural affairs bonds.

• $98,815,000 series 2013D-1 capital improvement and cultural affairs G.O. refunding bonds due 2016 and 2019 to 2025

• $64,975,000 series 2013E taxable capital improvement and cultural affairs G.O. refunding bonds due 2014 to 2019

• $12.11 million series 2013F-1 natural resources G.O. refunding bonds due 2018 to 2028

• $3.59 million series 2013G open space, parks and cultural resources G.O. refunding bonds due 2016 to 2021

• $20,705,000 series 2013H-1 open space, parks and cultural resources G.O. refunding bonds due 2017 to 2026

PLANO (TEXAS): $63.01 million series 2013 general obligation refunding and improvement bonds (/AAA/AAA); negotiated; Baird & Co. (lead); Hutchinson Shockey Erley & Co. and RBC Capital Markets LLC (co-managers); bonds due 2013 to 2033; proceeds to refund the city's series 2005 G.O. and improvement bonds, series 2006 G.O. bonds and series 2006 combination tax and revenue certificates of obligation.

SHANDS TEACHING HOSPITAL AND CLINICS (FLORIDA): $125 million series 2013A Shands Health Care System taxable revenue notes (/A/); negotiated; BofA Merrill Lynch (lead); proceeds to acquire and construct facilities for the health care system.

UNION COUNTY (NORTH CAROLINA): $139,995,000 series 2013 general obligation refunding bonds (Aa1/AA/AA+); negotiated; Baird & Co. (lead); George K. Baum & Co., US Bancorp Inc. and Wells Fargo Securities LLC (co-managers); proceeds to refund the county's series 2004A-B and 2007A-C variable-rate G.O. bonds and 2007D and 2009A-B G.O. public school refunding bonds.

• $62.62 million series 2013A bonds due 2014 to 2029

• $77,375,000 series 2013B bonds due 2014 to 2031

VIRGINIA HOUSING DEVELOPMENT AUTHORITY: $400,547,219 series 2013 taxable homeownership mortgage bonds (Aa1/AA+/); negotiated; Raymond James/Morgan Keegan and Wells Fargo Securities LLC (lead); bonds due Aug. 25, 2042; proceeds to finance mortgage loans to qualified Virginia residents.

© 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.