E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 3/14/2013 in the Prospect News Municipals Daily.

Municipal Calendar: New Mexico to sell $140.17 million of bonds

Week of March 11

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; pricing week of March 11.

• $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

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; pricing week of March 11.

• $58,535,000 series 2013A bonds

• $7,125,000 series 2013B bonds

Week of March 18

March 19

HOWARD COUNTY (MARYLAND): $138 million series 2013A general obligation bonds (Aaa/AAA/AAA); competitive; Public Financial Management Inc. (financial adviser); proceeds to pay or reimburse the county for certain capital projects and refund existing G.O. bonds and notes; pricing March 19.

• $99,045,000 series 2013A consolidated public improvement project and refunding bonds due 2014 to 2033

• $38,955,000 series 2013A metropolitan district project and refunding bonds due 2014 to 2038

NEW MEXICO: $140,165,000 series 2013 capital projects general obligation bonds (Aaa/AA+/); competitive; Fiscal Strategies Group Inc. and Public Resources Advisory Group (financial advisers); bonds due 2014 to 2023; proceeds to construct, acquire or improve senior citizen centers and facilities, library acquisitions and higher education and special schools improvements and acquisitions; pricing March 19.

OKLAHOMA CITY (OKLAHOMA): $90 million series 2013 general obligation bonds (Aaa/AAA/); competitive; Public Financial Management Inc. (financial adviser) bonds due 2015 to 2033 proceeds to finance public improvement projects pricing March 19.

March 20

MASSACHUSETTS: $525 million series 2013 general obligation bonds; competitive; Public Resources Advisory Group (financial adviser); proceeds to finance capital projects for the commonwealth; pricing March 20.

• $450 million series 2013A consolidated loan G.O. bonds due 2017 to 2020 and 2032 to 2043

• $75 million series 2013B taxable consolidated loan G.O. bonds due 2014 to 2018

NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY: $1 billion series 2013 future tax secured subordinated bonds; negotiated; BofA Merrill Lynch, J.P. Morgan Securities LLC, Wells Fargo Securities LLC, Barclays and Morgan Stanley & Co. LLC (lead); Loop Capital Markets LLC, Goldman, Sachs & Co., Citigroup Global Markets Inc., M.R. Beal & Co., Raymond James/Morgan Keegan, Roosevelt & Cross Inc., Fidelity Capital Markets LLC, Oppenheimer & Co. Inc., RBC Capital Markets LLC, Siebert Brandford Shank & Co. LLC, Jefferies & Co., Ramirez & Co. Inc., Rice Financial Products Co., Southwest Securities, BNY Capital Markets LLC, Sterne, Agee & Leach Inc., Estrada Hinojosa & Co. Inc., US Bancorp Investments Inc., Prager & Co. LLC and The Williams Capital Group LP (co-managers); proceeds to finance general city capital expenditures, including the rehabilitation or repair of public schools and land acquisition; pricing March 20.

• $650 million series 2013F-1 tax-exempt bonds due 2015 to 2039

• $100 million series 2013F-2 taxable qualified school construction bonds due Feb. 1, 2038

• $229 million series 2013G tax-exempt bonds due 2013 to 2031

• $21 million series 2013H taxable bonds due 2013 to 2022

Week of April 1

April 2

ILLINOIS: $800 million series of April 2013 general obligation bonds; competitive; Public Resources Advisory Group (financial adviser); proceeds to finance capital projects within the state; pricing April 2.

• $450 million series of April 2013A bonds due 2014 to 2038

• $350 million series of April 2013B bonds due 2014 to 2038

On the Horizon

ALASKA STUDENT LOAN CORP.: $144.73 million series 2013A taxable education loan-backed notes due Aug. 25, 2031 (/AAAsf/AA+(sf)); negotiated; RBC Capital Markets LLC (lead); proceeds to finance student loans.

BIRMINGHAM (ALABAMA): $72.8 million series 2013A general obligation convertible capital appreciation bonds (Aa2/AA/AA); negotiated; Loop Capital Markets LLC and Goldman, Sachs & Co. (lead); Securities Capital Corp., Kipling Jones & Co., Gardnyr Michael Capital Inc., Terminus Securities and Merchant Capital LLC (co-managers); bonds due 2017 to 2043; proceeds to construct, establish, equip, improve, furnish and design solid waste facilities, parks, zoos, sports complexes, botanical gardens, public boulevards and other public places.

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.

CLARK COUNTY (NEVADA): $80 million series 2013A jet aviation fuel tax refunding revenue bonds (A2/A/); negotiated; Citigroup Global Markets Inc. (lead); BofA Merrill Lynch, RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2019 to 2030; proceeds to refund the county's series 2003C jet aviation fuel tax refunding revenue 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.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/STATE UNIVERSITY OF NEW YORK: $271 million dormitory facilities revenue bonds; term to not exceed 21 years; proceeds to refund authority's series 2003A-B lease revenue 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.

EASTERN MUNICIPAL WATER DISTRICT (CALIFORNIA): $54,575,000 series 2013A refunding water and sewer revenue bonds (Aa2/VMIG 1/A-1+/AA+/F1+); negotiated; Goldman, Sachs & Co. (lead); bonds due July 1, 2035; proceeds to purchase upon mandatory tender the district's series 2008B variable-rate certificates of participation.

ERIE COUNTY FISCAL STABILITY AUTHORITY (NEW YORK): $57,705,000 series 2013 sales tax and state aid secured bonds (Aa1//AA+); negotiated; Roosevelt & Cross Inc. and Ramirez & Co. Inc. (lead); proceeds to finance approved county capital outlays and to refund the authority's 2003B, 2004A, 2004C and 2005A bonds.

• $25,355,000 series 2013A bonds due 2015 to 2024

• $32.35 million series 2013B bonds due 2013 to 2024

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.

HARTFORD (CONNECTICUT): $112.81 million series 2013 general obligation bonds and G.O. bond anticipation notes; negotiated; Wells Fargo Securities LLC (lead); Piper Jaffray & Co., Siebert Brandford Shank & Co. LLC and William Blair & Co. (co-managers); proceeds to finance various public improvement projects and school construction projects.

• $48.16 million series 2013B G.O. bonds

• $64.65 million series 2013 G.O. BANs due April 10, 2014

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.

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.

KING COUNTY (WASHINGTON): $128,845,000 series 2013A sewer revenue refunding bonds (Aa2/AA+/); negotiated; Citigroup Global Markets Inc. (lead); J.P. Morgan Securities LLC, BofA Merrill Lynch and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2014 to 2035; proceeds to refund the county's series 2003A sewer revenue refunding bonds, series 2005 limited tax G.O. bonds and series 2006 sewer revenue and refunding 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

MIAMI-DADE COUNTY EXPRESSWAY AUTHORITY (FLORIDA): $270.6 million series 2013A toll system refunding revenue bonds (A3/A-/A-); negotiated; BofA Merrill Lynch (lead); Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan, Sterne, Agee & Leach Inc., Rice Financial Products Co. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds will be used to current refund the authority's series 2001A and 2002 revenue bonds and advance refund its series 2004B revenue bonds.

MIAMI-DADE COUNTY SCHOOL BOARD (FLORIDA): $77.15 million series 2013 certificates of participation (A1/A/); negotiated; Morgan Stanley & Co. LLC (lead); Barclays, Loop Capital Markets LLC, Ramirez & Co. Inc. and Wells Fargo Securities LLC (co-managers); proceeds to refund existing COPs.

• $68,955,000 series 2013A COPs due 2031 to 2032

• $8,195,000 series 2013B COPs due 2029 to 2030

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.

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.

• $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

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.

SACRAMENTO (CALIFORNIA): $219,945,000 series 2013 water revenue bonds (/AA-/AA-); negotiated; Goldman, Sachs & Co. (lead); De La Rosa & Co. Inc., Morgan Stanley & Co. LLC, Siebert Brandford Shank & Co. LLC and Stone & Youngberg (co-managers); bonds due 2014 to 2033 with term bonds due 2038 and 2042; proceeds to finance the rehabilitation of water treatment plants, the retrofitting of water meters, the replacement of pipelines and the rehabilitation of groundwater wells.

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

UNIVERSITY OF DELAWARE: $204,025,000 series 2013 revenue bonds (Aa1/AA+/); negotiated; Morgan Stanley & Co. LLC (lead); proceeds to construct, acquire, equip and rehabilitate university facilities, as well as to refund the university's series 2004B, 2005, 2009B and 2010A-B revenue bonds.

• $122,995,000 series 2013A bonds

• $29.76 million series 2013B taxable bonds

• $51.27 million series 2013C variable-rate bonds

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.