Municipal Calendar: Utah prepares $216.98 million bond offering

Week of July 8

July 11

UTAH: $216,975,000 series 2013 general obligation bonds (Aaa/AAA/AAA); competitive; Zions Bank Public Finance (financial adviser); bonds due 2014 to 2028; proceeds to finance highway projects throughout the state; pricing July 11.

On the Horizon

BI-STATE DEVELOPMENT AGENCY OF THE MISSOURI-ILLINOIS METROPOLITAN DISTRICT: $376.03 million series 2013A combined lien mass transit sales tax appropriation refunding bonds (Aa3/AA+/); negotiated; RBC Capital Markets LLC (lead); Jefferies & Co., Morgan Stanley & Co. LLC, Backstrom McCarley Berry & Co. LLC, BofA Merrill Lynch, Edward D. Jones & Co. LP, Loop Capital Markets LLC, M.R. Beal & Co., Piper Jaffray & Co., Raymond James/Morgan Keegan, Stern Brothers & Co., Stifel, Nicolaus & Co., U.S. Bancorp Investments Co. and Wells Fargo Securities LLC (co-managers); bonds due 2014 to 2030 with term bonds due 2033, 2040, 2042, 2045, 2047, 2049 and 2050; proceeds to refund the agency's series 2002A-C, 2007 and 2010A revenue bonds.

CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY/ST. JOSEPH HEALTH SYSTEM: $763.67 million series 2013 revenue bonds (A1/AA-/AA-); negotiated; Morgan Stanley & Co. LLC (sole); proceeds to construct, equip, acquire, renovate and remodel the Hoag Hospital Newport Beach, St. Joseph Hospital, St. Jude Medical Center, St. Mary Medical Center and Santa Rosa Memorial Hospital.

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.

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.

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, fund venture capital commitments and refund existing debt.

DISTRICT OF COLUMBIA: $62.89 million series 2013A KIPP DC issue revenue bonds (/BBB+/); negotiated; Baird & Co. (lead); bonds due 2017 to 2019 with term bonds due in 2023, 2033, 2043 and 2048; proceeds to acquire and develop a charter school at Mount Olivet Road in D.C., as well as to refund the city's series 2008 bonds.

GRAND PARKWAY TRANSPORTATION CORP. (TEXAS): $2,862,500,000 series 2013 Grand Parkway system toll revenue bonds; negotiated; Goldman Sachs & Co. (lead); J.P. Morgan Securities LLC, BofA Merrill Lynch, Barclays, Citigroup Global Markets Inc., Jefferies & Co. Inc., Loop Capital Markets LLC, Morgan Stanley & Co. LLC, M.R. Beal & Co., Piper Jaffray & Co., RBC Capital Markets LLC, Ramirez & Co. Inc., Raymond James/Morgan Keegan, Siebert Brandford Shank & Co. LLC, Southwest Securities Inc., Stifel, Nicolaus & Co. Inc. and Wells Fargo Securities LLC (co-managers); proceeds to acquire, construct and develop the Grand Parkway System, which runs through Harris, Fort Bend, Brazoria, Galveston, Montgomery, Liberty and Chambers counties in Texas.

• $200 million series 2013A first-tier toll revenue bonds

• $1,355,105,000 series 2013B subordinate tier toll equity loan agreement-supported bonds

• $839,205,000 series 2013C subordinate tier toll equity loan agreement-supported bonds

• $107.39 million series 2013D subordinate tier toll equity loan agreement-supported bonds

• $360.8 million series 2013E subordinate tier toll equity loan agreement-supported bonds

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 to construct, improve, equip, renovate and expand an existing community activities center.

INDIANAPOLIS (INDIANA): $51,445,000 series 2013A gas utility distribution system second lien revenue refunding bonds (A2/AA-/); negotiated; J.P. Morgan Securities LLC (lead); City Securities Corp., Morgan Stanley & Co. LLC and PNC Capital Markets LLC (co-managers); proceeds to refund the city's series 2008A gas utility distribution system revenue bonds.

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

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.

MARYLAND HOUSING AND COMMUNITY DEVELOPMENT ADMINISTRATION: $52.51 million series 2013 housing revenue bonds; negotiated; RBC Capital Markets LLC (lead); BofA Merrill Lynch and J.P. Morgan Securities LLC (co-managers); proceeds to finance or refinance housing loans.

• $11,915,000 series 2013B non-AMT bonds due 2015 to 2024 with term bonds due 2015, 2028, 2033, 2038, 2043 and 2055

• $40,595,000 series 2013C AMT bonds due 2014 to 2024 with term bonds due 2028, 2033, 2038 and 2045

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 TRANSPORTATION AUTHORITY (NEW YORK): $350 million series 2013D transportation revenue bonds; negotiated; RBC Capital Markets LLC and M.R. Beal & Co. (lead); BofA Merrill Lynch, Barclays, Citigroup Global Markets Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC, Jefferies & Co., Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC, Wells Fargo Securities LLC, BB&T Capital Markets Inc., CastleOak Securities LP, Duncan-Williams Inc., Edward D. Jones & Co. LP, Fidelity Capital Markets Inc., First Southwest Co., Lebenthal & Co. Inc., Loop Capital Markets LLC, Piper Jaffray & Co., Raymond James/Morgan Keegan, Roosevelt & Cross Inc., Rice Financial Products Co., Stifel, Nicolaus & Co. Inc. and TD Securities (USA) LLC (co-managers); proceeds to refinance commercial paper initially issued to finance commuter and transit projects.

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

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 YORK STATE ENVIRONMENTAL FACILITIES CORP.: $378.38 million series 2013A state clean and drinking water funds revenue bonds; negotiated; Citigroup Global Markets Inc. and M.R. Beal & Co. (lead); BofA Merrill Lynch, Barclays, BNY Capital Markets LLC, Blaylock Robert Van LLC, CastleOak Securities LP, Estrada Hinojosa & Co. Inc., Fidelity Capital Markets LLC, George K. Baum & Co., Goldman Sachs & Co., Guggenheim Securities LLC, Janney Montgomery Scott LLC, J.P. Morgan Securities LLC, Jefferies & Co., KeyBanc Capital Markets LLC, Lebenthal & Co. LLC, Loop Capital Markets LLC, Ramirez & Co. Inc., Mesirow Financial Inc., Morgan Stanley & Co. LLC, RBC Capital Markets LLC, Rice Financial Products Co., Rockfleet, Roosevelt & Cross Inc., Siebert Brandford Shank & Co. LLC, Stifel, Nicolaus & Co. Inc., The Williams Capital Group LP and Wells Fargo Securities LLC (co-managers); bonds due 2014 to 2033; proceeds to refund existing debt issued to finance clean and drinking water projects.

NEW YORK STATE MORTGAGE AGENCY: $125.78 million homeowner mortgage revenue bonds; negotiated; Barclays (lead); Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, BofA Merrill Lynch, CastleOak Securities LP, Loop Capital Markets LLC, M&T Securities Inc., Ramirez & Co. Inc. and Roosevelt & Cross Inc. (co-managers); proceeds to finance mortgage loans and program costs.

• $79,285,000 series 178 non-AMT bonds due 2028, 2033, 2038 and 2043

• $13.09 million series 179 non-AMT bonds due 2015 to 2017

• $33,405,000 series 180 AMT bonds due 2015 to 2023

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 and to construct, equip, renovate and improve school facilities within the district.

OHIO WATER DEVELOPMENT AUTHORITY: $111.88 million series 2013A fresh water development revenue bonds (Aaa/AAA/); negotiated; Ramirez & Co. Inc. (lead); Jefferies & Co. Inc., Cabrera Capital Markets LLC, Drexel Hamilton LLC, M.R. Beal & Co. and Ross, Sinclaire & Associates (co-managers); bonds due 2013 to 2023; proceeds to refund the authority's series 1995, 1998, 2001A-B, 2002, 2004, 2005, 2009A-B and 2010A-B fresh water revenue bonds.

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.

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

SOCORRO INDEPENDENT SCHOOL DISTRICT (TEXAS): $232,809,967 series 2013 school and refunding bonds; negotiated; Wells Fargo Securities LLC and Southwest Securities Inc. (lead for 2013A); BOSC Inc., Loop Capital Markets LLC and Piper Jaffray & Co. (co-managers for 2013A); Raymond James/Morgan Keegan and Ramirez & Co. Inc. (lead for 2013B); Rockfleet Financial Services Inc., Siebert Brandford Shank & Co. LLC and Loop Capital Markets LLC (co-managers for 2013B); RBC Capital Markets LLC and Citigroup Global Markets Inc. (lead for 2013); Cabrera Capital Markets LLC, Samco Capital Markets Inc. and Southwest Securities Inc. (co-managers for 2013); proceeds to construct, equip and furnish schools within the district, as well as to refund the district's series 2005 and 2005A school building bonds.

• $68,705,000 series 2013A unlimited tax refunding bonds due 2013 to 2032

• $64,104,967 series 2013B unlimited tax refunding bonds due 2013 to 2028

• $100 million series 2013 unlimited tax school building bonds due 2023 to 2038

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

TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP./METHODIST HOSPITALS OF DALLAS (TEXAS): $187,365,000 series 2013 hospital revenue bonds (Aa3/AA-/); negotiated; BofA Merrill Lynch (lead); J.P. Morgan Securities LLC, Wells Fargo Securities LLC, Estrada Hinojosa & Co. Inc., BOSC Inc. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to construct a new six-floor trauma/critical care tower at the Methodist Dallas, as well as new operating rooms and other hospital facilities.

TEXAS WATER DEVELOPMENT BOARD: $68.21 million series 2013A state revolving fund revenue refunding bonds (Aaa/AAA/AAA); negotiated; Piper Jaffray & Co. (lead); Mesirow Financial Inc., Raymond James/Morgan Keegan and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2014 to 2017; proceeds to refund the board's series 1998A and 1999B revenue bonds.

TOBACCO SETTLEMENT FINANCING CORP. (LOUISIANA): $638.03 million series 2013A tobacco settlement asset-backed refunding bonds; negotiated; Citigroup Global Markets Inc. and Jefferies & Co. (lead); BofA Merrill Lynch, Loop Capital Markets LLC, Raymond James/Morgan Keegan, Siebert Brandford Shank & Co. LLC, Southwest Securities Inc., Stephens Inc. and Williams Capital Group LP (co-managers); bonds due 2016 to 2033 with term bond due in 2035; proceeds to refund all outstanding series 2001B asset-backed tobacco settlement bonds.

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.

VERMONT MUNICIPAL BOND BANK: $71.91 million series 2013 bonds (Aa2/AA+/); negotiated; Citigroup Global Markets Inc. (lead); proceeds to refund existing bond bank debt.

• $53,055,000 series 2013-1 bonds due 2014 to 2033 with term bonds due in 2038 and 2043

• $18,855,000 series 2013-2 refunding bonds due 2014 to 2025

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

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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