Municipal Calendar: Rutgers University organizes $877 million deal

Week of June 10

FAIRFIELD COUNTY (OHIO)/FAIRFIELD MEDICAL CENTER: $95,115,000 series 2013 hospital facilities revenue refunding and improvement bonds (Baa2); negotiated; PNC Capital Markets LLC (lead); bonds due 2014 to 2023 with term bonds due in 2028, 2033 and 2043; proceeds to finance the construction, improvement, renovation and equipment of hospital facilities for Fairfield Medical, as well as to refund the medical centers series 2003 and 2010 revenue bonds; pricing week of June 10.

GUADALUPE-BLANCO RIVER AUTHORITY (TEXAS): $63,155,000 series 2013 contract revenue refunding bonds (Aa1/AA+/); negotiated; Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. (lead); BOSC Inc., Piper Jaffray & Co. and Cabrera Capital Markets LLC (co-managers); proceeds to refund authority's series 2003 Western Canyon Regional Water Supply revenue bonds; pricing week of June 10.

• $56,835,000 series 2013A bonds due 2014 to 2033

• $6.32 million series 2013B taxable bonds due 2014 to 2033

HEMPSTEAD LOCAL DEVELOPMENT CORP./HOFSTRA UNIVERSITY (NEW YORK): $70 million series 2013 revenue bonds (A3/A/); negotiated; Barclays and BofA Merrill Lynch (lead); proceeds to construct a building connected to the university's School of Medicine, to renovate existing facilities and to refund the university's series 2003 civic facility revenue bonds; pricing week of June 10.

ILLINOIS: $600,015,000 series of June 2013 junior obligation sales tax Build Illinois Bonds (/AAA/AA+); negotiated; Barclays (lead); Guggenheim Securities LLC, The Northern Trust Co., City Securities Corp., Estrada Hinojosa & Co. Inc., Podesta & Co. and Stern Brothers & Co. (co-managers); bonds due 2014 to 2026; proceeds to refund existing Build Illinois Bonds; pricing week of June 10.

KENTUCKY HOUSING CORP.: $100,685,000 series 2013 housing revenue bonds; negotiated; Citigroup Global Markets Inc. and BofA Merrill Lynch (lead); J.J.B. Hilliard, W.L. Lyons LLC, PNC Capital Markets LLC, Raymond James/Morgan Keegan, Stifel, Nicolaus & Co. Inc., Edward D. Jones & Co. LP, First Kentucky Securities Corp., Sterne, Agee & Leach Inc. and Ross, Sinclaire & Associates LLC (co-managers); proceeds to finance housing for low- to moderate-income families residing in the state; pricing week of June 10.

• $36.47 million series 2013C taxable bonds due 2014 to 2023

• $48,925,000 series 2013D non-AMT bonds due 2023, 2028 and 2033

• $7.59 million series 2013E non-AMT bonds due 2016 to 2023

• $2.2 million series 2013F AMT bonds due 2014 to 2016

• $5.5 million series 2013G non-AMT bonds due 2023, 2028, 2033, 2038 and 2043

LIVONIA PUBLIC SCHOOLS SCHOOL DISTRICT (MICHIGAN): $181,295,000 series 2013 school building and site bonds and refunding bonds (A1/A/); negotiated; J.P. Morgan Securities LLC (lead); Stifel, Nicolaus & Co. and Fifth Third Securities Inc. (co-managers); proceeds to purchase sites for the construction of school facilities, as well as to advance refund the district's series 2004A refunding bonds; pricing week of June 10.

• $107.95 million series 2013I school building and site general obligation bonds due 2014 to 2033 with term bonds due 2036, 2038 and 2043

• $73,345,000 series 2013 taxable G.O. refunding bonds due 2014 to 2025

MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY/JOHNS HOPKINS UNIVERSITY: $94,695,000 series 2013B revenue bonds (Aa2/AA/AA+); negotiated; Goldman, Sachs & Co. and Morgan Stanley & Co. LLC (lead); J.P. Morgan Securities LLC and Ramirez & Co. (co-managers); bonds due 2020 to 2023 with term bond due in 2041; proceeds to finance a loan to the university, as well as to refund the university's series 2001B and 2004A revenue bonds; pricing week of June 10.

MASSACHUSETTS SCHOOL BUILDING AUTHORITY: $500 million series 2013A senior dedicated sales tax bonds (Aa2/AA+/AA+); negotiated; BofA Merrill Lynch and Ramirez & Co. Inc. (lead); Barclays, Citigroup Global Markets Inc., Jefferies & Co., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan, RBC Capital Markets LLC, U.S. Bancorp Investments Inc., Wells Fargo Securities LLC, BMO Capital Markets LLC, BNY Mellon Capital Markets, CastleOak Securities LP, Corby Capital Markets Inc., Fidelity Capital Markets LLC, Janney Montgomery Scott LLC, Lebenthal & Co. LLC, Mesirow Financial Inc., Piper Jaffray & Co. and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2016 to 2035; proceeds to fund grants to cities, towns and local school districts for school construction and other renovation projects; pricing week of June 10.

METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY (TENNESSEE): $53,095,000 series 2013A electric system revenue refunding bonds (//AA+); negotiated; Raymond James/Morgan Keegan (lead); Barclays, Duncan-Williams Inc., Jefferies & Co., Loop Capital Markets LLC and Stephens Inc. (co-managers); bonds due 2025 to 2029; proceeds to refund the government's series 2004A and 2008B electric system revenue bonds; pricing week of June 10.

NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY: $800 million series 2013I future tax secured bonds; negotiated; Loop Capital Markets LLC (lead); BofA Merrill Lynch, J.P. Morgan Securities LLC, Barclays, Morgan Stanley & Co. LLC, Goldman, Sachs & Co., Wells Fargo Securities LLC, 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, Stifel, Nicolaus & Co. Inc., Jefferies & Co., Ramirez & Co. Inc., Rice Financial Products Co., Southwest Securities Inc., BNY Capital Markets LLC, Sterne, Agee & Leach Inc., Estrada Hinojosa & Co. Inc., U.S. Bancorp Investment Co., Prager & Co. LLC and The Williams Capital Group LP (co-managers); bonds due 2015 to 2039; proceeds to finance general city capital expenditures; pricing week of June 10.

NORTHAMPTON GENERAL PURPOSE AUTHORITY/ST. LUKE'S HOSPITAL (PENNSYLVANIA): $65 million series 2013 hospital revenue bonds (A3/BBB+/); negotiated; BofA Merrill Lynch (lead); proceeds to finance a 200-bed expansion to the hospital's Anderson, Pa., campus, as well as to make other renovations to St. Luke's facilities; pricing week of June 10.

• $32.5 million series 2013A bonds

• $32.5 million series 2013B variable-rate bonds

PUBLIC UTILITY DISTRICT NO. 1 OF LEWIS COUNTY (WASHINGTON): $82.86 million series 2013 Cowlitz Falls Hydroelectric project revenue refunding bonds; negotiated; Citigroup Global Markets Inc. (lead); BofA Merrill Lynch, Goldman, Sachs & Co. and J.P. Morgan Securities LLC (co-managers); bonds due 2014 to 2032; proceeds to refund the district's series 2003 revenue bonds; pricing week of June 10.

ROWAN UNIVERSITY (NEW JERSEY): $57.19 million series 2013 lease revenue bonds; (A2); negotiated; Raymond James/Morgan Keegan (lead); proceeds to finance capital improvements to the university's school of osteopathic medicine; pricing week of June 10.

RUTGERS UNIVERSITY (NEW JERSEY): $877,005,000 series 2013 general obligation bonds (Aa3/AA-/AA-); negotiated; Morgan Stanley & Co. LLC (lead); BofA Merrill Lynch and Wells Fargo Securities LLC (co-managers); proceeds to refund some of the university's certificates of participation, lease revenue bonds, revenue refunding bonds, general obligation bonds and commercial paper; pricing week of June 10.

• $339,315,000 series 2013J tax-exempt G.O. refunding bonds due 2014 to 2033 with term bond due 2036

• $137.97 million series 2013K taxable G.O. refunding bonds due 2014 to 2028

• $399.72 million series 2013L tax-exempt G.O. bonds due 2033

SANTA CRUZ (CALIFORNIA): $50 million series 2013-14 tax and revenue anticipation notes (MIG 1); negotiated; Citigroup Global Markets Inc. (lead); proceeds to finance capital needs for the city ahead of the collection of certain taxes and revenues; pricing week of June 10.

SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY: $70,591,522 series 2013D homeownership mortgage bonds (Aa1/AAA/); negotiated; BofA Merrill Lynch (lead); bonds due July 1, 2043; proceeds to finance mortgage loans for qualified South Dakota residents; pricing week of June 10.

SOUTH TEXAS HIGHER EDUCATION AUTHORITY: $104.3 million series 2013-1 taxable Libor floating-rate student loan-backed bonds; negotiated; BofA Merrill Lynch (lead); bonds due Dec. 3, 2029; proceeds to make student loans, refinance the authority's 1997 bonds and refinance a line of credit; pricing week of June 10.

TERREBONNE LEVEE AND CONSERVATION DISTRICT (LOUISIANA): $89,865,000 series 2013 public improvement sales tax bonds (/A+/A); negotiated; Raymond James/Morgan Keegan (lead); bonds due 2014 to 2038; proceeds to provide hurricane risk reduction projects for Terrebonne Parish, including Morganza to the Gulf of Mexico or other flood protection improvements approved by the Louisiana Coastal Protection and Restoration Authority; pricing week of June 10.

WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/ASCENSION HEALTH ALLIANCE SENIOR CREDIT GROUP: $600 million series 2013 revenue bonds (Aa2/AA+/AA+); negotiated; Morgan Stanley & Co. LLC (lead); Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC (co-managers); proceeds to refinance debt for Marian Health System, Via Christi Health, Ministry Health Care and St. John Health Care and their affiliates; pricing week of June 10.

• $100 million series 2013A bonds

• $500 million series 2013B bonds

June 11

ALABAMA PUBLIC SCHOOL AND COLLEGE AUTHORITY: $175 million series 2013 capital improvement pool bonds (Aa1/AA/AA+); competitive; Public Financial Management Inc. (financial adviser); proceeds to renovate existing school facilities and construct new facilities; pricing June 11.

• $119,085,000 series 2013A bonds due 2014 to 2033

• $55,915,000 series 2013B bonds due 2014 to 2033

OWENSBORO ELECTRIC LIGHT AND POWER SYSTEM (KENTUCKY): $87.9 million series 2013 revenue bonds (A3); negotiated; BofA Merrill Lynch (lead); proceeds to finance improvements to the power system; pricing June 11.

• $10,875,000 series 2013A taxable bonds

• $77,025,000 series 2013B tax-exempt bonds

PALM COAST (FLORIDA): $84,235,000 series 2013 utility system improvement and refunding bonds (/A+/A+); competitive; First Southwest Co. (financial adviser); proceeds to finance improvements to the city's wastewater utility system, as well as to refund its series 2003 utility system revenue bonds; pricing June 11.

June 12

HOUSTON (TEXAS): $180 million series 2013 tax and revenue anticipation notes (/SP-1+/F1+); competitive; First Southwest Co. and TKG & Associates LLC (financial advisers); notes due June 30, 2014; proceeds to finance capital needs for the city ahead of the collection of certain taxes and revenues; pricing June 12.

SAN FRANCISCO (CALIFORNIA): $232,605,000 series 2013 general obligation bonds (Aa1/AA/AA); competitive; First Southwest Co. (financial adviser); proceeds to finance the improvement of parks and recreational facilities, earthquake and safety measures and sidewalks and streets; pricing June 12.

• $71.99 million series 2013A clean and safe neighborhood parks bonds due 2014 to 2033

• $31,025,000 series 2013B earthquake and emergency response bonds due 2014 to 2033

• $125.59 million series 2013C road repaving and street safety bonds due 2014 to 2033

SEATTLE (WASHINGTON): $179,325,000 series 2013 municipal light and power improvement and refunding revenue bonds (Aa2/AA/); competitive; Seattle-Northwest Securities Corp. (financial adviser); bonds due 2014 to 2043; proceeds to finance capital improvements to the city's light system, as well as to refund existing municipal light and power revenue bonds; pricing June 12.

Week of June 17

June 18

NEW MEXICO: $220 million series 2013A severance tax bonds (Aa1/AA/); competitive; Fiscal Strategies Group Inc. and Public Resources Advisory Group (financial advisers); bonds due 2014 to 2023; proceeds to finance capital improvements within the state; pricing June 18.

On the Horizon

ARKANSAS DEVELOPMENT FINANCE AUTHORITY: $58,620,389 series 2013A single-family mortgage revenue bonds (/AA+/); negotiated; Stephens Inc. (lead); Crews & Associates Inc., Edward D. Jones & Co. LP and Raymond James/Morgan Keegan (co-managers); bonds due July 1, 2043; proceeds to purchase $64.61 million of series 2013A collateral.

ASCENSION HEALTH ALLIANCE (MISSOURI): $430 million series 2013A taxable bonds (Aa2/AA+/AA+); negotiated; Morgan Stanley & Co. LLC (lead); Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC (co-managers); proceeds for general corporate purposes.

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.

HOUSTON HIGHER EDUCATION FINANCE CORP./RICE UNIVERSITY (TEXAS): $247.18 million series 2013 higher education revenue refunding bonds (Aaa/AAA/); negotiated; J.P. Morgan Securities LLC (lead for 2013A); Morgan Stanley & Co. LLC (lead for 2013B); proceeds to refund the corporation's series 2006A-B revenue bonds issued for the university.

• $147.18 million series 2013A Sifma index floating-rate bonds due Nov. 15, 2029

• $100 million series 2013B Sifma index floating-rate bonds due May 15, 2048

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.

IRVINE (CALIFORNIA): $84.1 million series 2013 limited obligation improvement bonds; negotiated; Stifel, Nicolaus & Co. and Piper Jaffray & Co. (lead); bonds due 2014 to 2030; proceeds to refund certain outstanding limited obligation 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.

MASSACHUSETTS DEVELOPMENT FINANCE AGENCY/NORTH HILL COMMUNITIES: $91.23 million series 2013 revenue bonds; negotiated; Ziegler Capital Inc. and M&T Securities Inc. (lead); proceeds to reimburse the authority for the construction of a senior living facility in Needham, Mass.

• $47,625,000 series 2013A bonds

• $6.64 million series 2013B-1 mandatory paydown securities

• $17,625,000 series 2013B-2 mandatory paydown securities

• $12,235,000 series 2013B-3 mandatory paydown securities

• $7,105,000 series 2013B-4 mandatory paydown securities

MASSACHUSETTS EDUCATIONAL FINANCING AUTHORITY: $304.72 million series 2013K education loan revenue bonds (/AA(sf)/); negotiated; Morgan Stanley & Co. LLC (lead); BofA Merrill Lynch and J.P. Morgan Securities LLC (co-managers); proceeds to refund the authority's series 2002, 2003, 2004, 2006 and 2007 revenue bonds.

MASSACHUSETTS HOUSING FINANCE AGENCY: $115 million series 2013B non-AMT housing bonds (Aa3); negotiated; Barclays (lead); proceeds to finance mortgage loans for qualified Massachusetts residents.

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

MISSISSIPPI DEVELOPMENT BANK: $90 million series 2013 water and sewer system revenue bond project special obligation bonds (A1/AA-/); negotiated; Rice Financial Products Co. and Morgan Stanley & Co. LLC (lead); proceeds to finance water and sewer improvements for Jackson.

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 HANOVER COUNTY (NORTH CAROLINA)/NEW HANOVER REGIONAL MEDICAL CENTER: $55.23 million series 2013 hospital revenue refunding bonds (A1/A+/); negotiated; RBC Capital Markets LLC and BofA Merrill Lynch (lead); bonds due 2013 to 2026; proceeds to refund the medical center's series 2005 revenue bonds and terminate related swap agreements.

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.

REEDY CREEK IMPROVEMENT DISTRICT (FLORIDA): $54,535,000 series 2013-1 utilities revenue refunding bonds (A1/A/A); negotiated; BofA Merrill Lynch (lead); Morgan Stanley & Co. LLC and Loop Capital Markets LLC (co-managers); bonds due 2013 to 2025; proceeds to refund the district's series 2003-1 and series 2005-1 utilities revenue bonds.

RICE UNIVERSITY (TEXAS): $115 million series 2013 taxable higher education revenue refunding bonds (/AAA/); negotiated; J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (lead); Ramirez & Co. Inc. and Siebert Brandford Shank & Co. LLC (co-managers); bonds due May 15, 2063; proceeds to refund the university's series 2008A revenue bonds sold through the Houston Higher Education Finance Corp., as well as to refund a portion of the university's commercial paper.

UNIVERSITY OF PITTSBURGH: $120 million Pitt-asset notes - tax-exempt higher education registered series 2013 (MIG 1/SP-1+/); negotiated; Barclays (lead); proceeds to finance capital projects for the university, as well as to refund the PANTHERS of 2012.

VANCOUVER (WASHINGTON)/DOWNTOWN REDEVELOPMENT AUTHORITY: $55.58 million series 2013 conference center project revenue refunding bonds; negotiated; Piper Jaffray & Co. (lead); proceeds to advance refund the city's series 2003A revenue bonds.

• $38,165,000 series 2013 conference center project revenue refunding bonds (Aa3/AA/) due 2016 to 2028 with term bonds due 2033, 2038 and 2043

• $17,415,000 series 2013 sales and lodging tax revenue refunding bonds (A3/BBB+/) due 2016 to 2028 with term bonds due 2028 and 2034

VERMONT STUDENT ASSISTANCE CORP.: $378.4 million series 2013-1 student loan asset-backed taxable Libor floating-rate notes; negotiated; Morgan Stanley & Co. LLC (sole bookrunner and joint lead manager); RBC Capital Markets LLC (joint lead manager); proceeds to acquire a pool of student loans.

• $371.4 million series 2013-1A notes (/AA+(sf)/AAAsf) due April 30, 2035

• $7 million series 2013-1B notes (//Asf) due Dec. 28, 2040

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

WESTERN RIVERSIDE WATER AND WASTEWATER FINANCING AUTHORITY (CALIFORNIA): $51.71 million series 2013A local agency revenue refunding bonds (/BBB+/); negotiated; Stifel, Nicolaus & Co. Inc. and Piper Jaffray & Co. (lead); proceeds to purchase local obligations and refund existing debt.

• $49.59 million series 2013A-1 bonds due 2014 to 2035

• $2.12 million series 2013A-2 bonds due Sept. 1, 2037

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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