Municipal Calendar: Maryland Health preps $356 million bond deal

Week of March 4

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; pricing week of March 4.

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

• $114.95 million series 2013B taxable bonds

MASSACHUSETTS HOUSING FINANCE AGENCY: $150 million single-family housing revenue bonds; negotiated; Morgan Stanley & Co. LLC, BofA Merrill Lynch and Barclays (lead); Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Loop Capital Markets LLC, CastleOak Securities LP, Corby Capital Markets Inc., Eastern Bank Capital Markets, Fidelity Capital Markets Inc., George K. Baum & Co., Janney Montgomery Scott LLC, M.R. Beal & Co., Piper Jaffray & Co., Ramirez & Co. Inc., Raymond James/Morgan Keegan, Rice Financial Products Co., Siebert Brandford Shank & Co. LLC, Wells Fargo Securities LLC and The Williams Capital Group LP (co-managers); proceeds to refund existing single-family housing bonds; pricing week of March 4.

• $59.74 million series 163 AMT bonds due 2013 to 2023 with term bonds due 2028 and 2033

• $3,375,000 series 164 non-AMT bonds due 2013 to 2017

• $61.6 million series 165 non-AMT bonds due 2014 to 2023 with term bonds due 2028, 2033, 2038, 2041 and 2043

• $25,285,000 series 166 taxable bonds due 2013 to 2026

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; pricing week of March 4.

• $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

NORTHWEST INDEPENDENT SCHOOL DISTRICT (TEXAS): $54,474,961.90 series 2013 unlimited tax taxable refunding bonds; negotiated; RBC Capital Markets LLC (lead); Raymond James/Morgan Keegan and Southwest Securities Inc. (co-managers); proceeds to refund a portion of the district's series 2005 bonds; pricing week of March 4.

• $274,961.90 capital appreciation bonds due 2013 and 2017 to 2018

• $54.2 million current interest bonds due 2014 to 2016 and 2019 to 2032

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 week of March 4.

• $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

UNIVERSITY OF MASSACHUSETTS BUILDING AUTHORITY: $270.13 million series 2013 project revenue bonds; negotiated; J.P. Morgan Securities LLC and Raymond James/Morgan Keegan (lead); BofA Merrill Lynch, Barclays, Cabrera Capital Markets LLC, Citigroup Global Markets Inc., Corby Capital Markets Inc., Drexel Hamilton LLC, Fidelity Capital Markets LLC, Janney Montgomery Scott LLC, Jefferies & Co., Lebenthal & Co., Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Piper Jaffray & Co., Ramirez & Co. Inc., Roosevelt & Cross Inc. and Wells Fargo Securities LLC (co-managers); proceeds to construct an electric substation, expand the Isenberg School of Management, improve the Fine Arts Center and make other campus improvements to University of Massachusetts facilities; pricing week of March 4.

• $198,385,000 series 2013-1 project revenue bonds due 2014 to 2023 with term bonds due 2038 and 2043

• $71,745,000 series 2013-2 taxable project revenue bonds due 2014 to 2023 with term bonds due 2038 and 2043

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; pricing week of March 4.

Week of March 11

March 12

EAST BRUNSWICK (NEW JERSEY): $50,784,000 series 2013 general obligation bonds and bond anticipation notes (Aa1); competitive; Holman Frenia Allison PC (financial adviser); proceeds to finance repairs and infrastructure improvements to damage sustained from Hurricane Sandy in late October 2012; pricing March 12.

• $42,632,000 series 2013 G.O. bonds due 2014 to 2033

• $8,152,000 series 2013 bond anticipation notes due March 21, 2014

PORT OF SEATTLE (WASHINGTON): $103.52 million series 2013 limited tax general obligation refunding bonds (Aa1/AAA/AAA); competitive; Seattle-Northwest Securities Corp. (financial adviser); proceeds to refund the port's series 2004 and 2011 limited tax G.O. refunding bonds; pricing March 12.

• $28,085,000 series 2013A non-AMT bonds due 2021 to 2023

• $75,435,000 series 2013B taxable bonds due 2013 to 2021 and 2025

TULSA METROPOLITAN UTILITY AUTHORITY (OKLAHOMA): $61.28 million series 2013 utility revenue refunding bonds (Aa1/AA/); competitive; bonds due 2013 to 2025; proceeds to refund existing utility revenue bonds; pricing March 12.

March 14

ALASKA: $149,645,000 series 2013C general obligation bond anticipation notes (MIG 1/SP-1+/F1+); competitive; Acacia Financial Group Inc. (financial adviser); notes due March 25, 2014; proceeds to finance the construction of transportation projects in the state; pricing March 14.

CALIFORNIA: $2.4 billion series 2013 general obligation bonds (A1/A/A-); negotiated; J.P. Morgan Securities LLC and Goldman, Sachs & Co. (lead); Jefferies & Co., Academy Securities Inc., Barclays, Blaylock Robert Van LLC, BMO Capital Markets LLC, BofA Merrill Lynch, Cabrera Capital Markets LLC, Citigroup Global Markets Inc., City National Securities Inc., De La Rosa & Co., Drexel Hamilton LLC, Edward D. Jones & Co. LP, Fidelity Capital Markets Inc., Great Pacific Securities Inc., Hutchinson Shockey Erley & Co. Inc., Loop Capital Markets LLC, Mesirow Financial Inc., Morgan Stanley & Co. LLC, Piper Jaffray & Co., Prager & Co. LLC, Ramirez & Co. Inc., RBC Capital Markets LLC, Siebert Brandford Shank & Co. LLC, SL Hare Capital Inc., Southwest Securities Inc., Stone & Youngberg, US Bancorp Investments Inc., Wedbush Morgan Securities Inc., Wells Fargo Securities LLC and William Blair & Co. (co-managers); proceeds to fund capital projects; pricing March 14.

• $1.09 billion series 2013A various purpose G.O. bonds

• $1 billion series 2013B various purpose G.O. refunding bonds

• $310 million series 2013C taxable various purpose G.O. bonds

PORTLAND COMMUNITY COLLEGE DISTRICT (OREGON): $177.56 million series 2013 general obligation bonds (Aa1/AA/); competitive; Western Financial Group LLC (financial adviser); bonds due 2013 to 2033; proceeds to refund district's series 2002A G.O. bonds; pricing March 14.

On the Horizon

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.

• $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

CHIPPEWA VALLEY SCHOOL (MICHIGAN): $137,375,000 series 2013 general obligation refunding bonds; negotiated; Fifth Third Securities Inc. (lead); J.P. Morgan Securities LLC, Stifel, Nicolaus & Co. and Comerica Securities Inc. (co-managers); bonds due 2016 to 2034; proceeds to refund the school system's series 2003 and 2005 G.O. bonds.

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.

DAYTON CITY SCHOOL DISTRICT (OHIO): $98.35 million series 2013 general obligation refunding bonds (Aa2//AA); negotiated; PNC Capital Markets LLC (lead); KeyBanc Capital Markets Inc. (co-manager); proceeds to refund the district's series 2003B and 2003D school construction and improvement bonds.

• $94,505,000 series 2013A unlimited tax G.O. refunding bonds due 2013 to 2022

• $3,845,000 series 2013B limited tax G.O. refunding bonds due 2013 to 2023

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.

DURHAM CAPITAL FINANCING CORP. (NORTH CAROLINA): $108.4 million series 2013 limited obligation bonds (Aa1/AA+/); negotiated; Wells Fargo Securities LLC (lead); Stephens Inc. and Rice Financial Products Co. (co-managers); bonds due 2014 to 2033 with term bonds due 2038 and 2043; proceeds to construct a county courthouse, renovate a county storage facility and renovate the county's judicial building.

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.

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.

INDIANA FINANCE AUTHORITY: $641,375,000 series 2013 private activity; negotiated; BofA Merrill Lynch (lead); J.P. Morgan Securities LLC, Goldman, Sachs & Co. and RBC Capital Markets LLC (co-managers); proceeds to finance the East End Crossing Project, a cross-river transportation project intended to serve the needs of the Louisville, Ky./Southern Indiana region.

• $445,385,000 series 2013A bonds

• $195.99 million series 2013B bonds

LOUISIANA: $84,035,000 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.

MAINE STATE HOUSING AUTHORITY: $105.37 million series 2013 mortgage purchase bonds; negotiated; Citigroup Global Markets Inc. and BofA Merrill Lynch (lead); J.P. Morgan Securities LLC, Raymond James/Morgan Keegan, Morgan Stanley & Co. LLC and RBC Capital Markets LLC (co-managers); proceeds to refund series 2003C-F and 2004A mortgage bonds.

• $95.37 million series 2013C taxable mortgage purchase bonds due 2014 to 2023 with term bonds due 2027 and 2030

• $10 million series 2013D mortgage bonds due 2028 and 2033

MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY/MEDSTAR HEALTH: $127,195,000 series 2013A revenue bonds (A2/A-/A); negotiated; Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (lead); BofA Merrill Lynch, Loop Capital Markets LLC, RBC Capital Markets LLC, US Bancorp Investments Inc. and Wells Fargo Securities LLC (co-managers); proceeds to finance capital projects and refund authority's series 1998A-B revenue bonds.

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

NARRAGANSETT BAY COMMISSION (RHODE ISLAND): $64,965,000 series 2013A wastewater system revenue bonds (/AA-/); negotiated; US Bancorp Investment Inc. and Morgan Stanley & Co. LLC (lead); Janney Montgomery Scott LLC and TD Securities (USA) Inc. (co-managers); bonds due 2022 to 2043; proceeds to refund bond anticipation notes, which were issued to finance improvements to the commission's wastewater treatment facilities.

NEW HAMPSHIRE HOUSING FINANCE AUTHORITY: $121 million series 2013A taxable single-family mortgage acquisition revenue refunding bonds (Aa3); negotiated; George K. Baum & Co. (lead); BofA Merrill Lynch, RBC Capital Markets LLC and Morgan Stanley & Co. LLC (co-managers); bonds due 2013 to 2023 with term bonds due 2027, 2030 and 2034; proceeds to refund existing mortgage acquisition bonds issued between 1996 and 2003.

NEW YORK CITY HEALTH AND HOSPITALS CORP.: $110.33 million series 2013A health system bonds (Aa3/A+/A+); negotiated; Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (lead); Fidelity Capital Markets LLC, Goldman, Sachs & Co., Janney Montgomery Scott LLC, Lebenthal & Co., Loop Capital Markets LLC, M.R. Beal & Co., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Rice Financial Products Co., Roosevelt & Cross Inc., Siebert Brandford Shank & Co. LLC, TD Securities (USA) LLC and Wells Fargo Securities LLC (co-managers); proceeds to refund the corporation's series 2003A and 2008A revenue bonds.

NEW YORK STATE URBAN DEVELOPMENT CORP.: $827.55 million series 2013 general purpose state income tax revenue bonds; negotiated; Wells Fargo Securities LLC and RBC Capital Markets LLC (lead); Ramirez & Co. Inc., Rice Financial Products Co., BofA Merrill Lynch, Barclays, Citigroup Global Markets Inc., Goldman, Sachs & Co., Jefferies, M.R. Beal & Co., Loop Capital Markets LLC, BNY Mellon Capital Markets LLC, Blaylock Robert Van LLC, CastleOak Securities LP, Fidelity Capital Markets Inc., Janney Montgomery Scott LLC, KeyBanc Capital Markets Inc., Lebenthal & Co., M&T Securities Inc., Mesirow Financial Inc., Oppenheimer & Co., Piper Jaffray & Co., Prager, Sealy & Co. LLC, Raymond James/Morgan Keegan, Roosevelt & Cross Inc., Southwest Securities Inc., Sterne, Agee & Leach Inc., Stifel, Nicolaus & Co. Inc., TD Securities (USA) LLC, The Williams Capital Group LP and US Bancorp Investments Inc. (co-managers); proceeds to finance economic development projects.

• $556,695,000 series 2013A-1 bonds due 2019 to 2043

• $68,975,000 series 2013A-2 bonds due 2014 to 2026

• $201.88 million series 2013B taxable bonds due 2014 to 2019

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.

RHODE ISLAND STUDENT LOAN AUTHORITY: $67,525,000 series 2013A student loan program revenue bonds (/A+/A); negotiated; BofA Merrill Lynch (lead); Janney Montgomery Scott LLC (co-manager); bonds due 2013 to 2028; proceeds to make student loans.

SHELBY COUNTY HEALTH, EDUCATIONAL AND HOUSING AUTHORITY (TENNESSEE): $65.66 million of series 2013 revenue refunding bonds; negotiated; RBC Capital Markets LLC (lead); Raymond James/Morgan Keegan and Duncan-Williams Inc. (co-managers); proceeds to current refund the authority's series 2007A variable-rate demand bonds.

• $58,535,000 series 2013A bonds

• $7,125,000 series 2013B bonds

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

WYOMING COMMUNITY DEVELOPMENT AUTHORITY: $88.4 million series 2013 housing revenue bonds (Aa1/AA+/); negotiated; BofA Merrill Lynch (lead); Citigroup Global Markets Inc., George K. Baum & Co. and Kaiser & Co. (co-managers); proceeds to refund the authority's series 1996, 2002 and 2003 housing revenue bonds.

• $24,705,000 series 2013-1 AMT bonds due 2013 to 2023

• $45,695,000 series 2013-2 non-AMT bonds due 2013 to 2024 with term bonds due 2027 and 2033

• $18 million series 2013-3 non-AMT bonds due 2034 and 2038

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