Municipal Calendar: Illinois Toll Highway plans $425 million offering

Week of July 8

ILLINIOS STATE TOLL HIGHWAY AUTHORITY: $425 million series 2013B toll highway senior revenue refunding bonds (Aa3/AA-/AA-); negotiated; Goldman Sachs & Co. and Jefferies & Co. (lead); BofA Merrill Lynch, Siebert Brandford Shank & Co. LLC, Duncan-Williams Inc., Janney Montgomery Scott LLC, George K. Baum & Co. Inc., Baird & Co. and The Williams Capital Group LP (co-managers); bonds due 2016 to 2024; proceeds to refund the authority's series 2005 and 2006 revenue bonds; pricing week of July 8.

Week of July 15

July 16

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $672,335,000 series 2013 state personal income tax revenue bonds (//AA); competitive; proceeds to finance or reimburse all or a portion of the costs of capital projects for the State University of New York for educational facilities, SUNY Upstate Community College facilities and City University of New York for senior college and community college facilities, as well as to finance certain required state matching contribution to the water pollution control revolving fund; pricing July 16.

• $627,705,000 series 2013A tax-exempt bonds

• $44.63 million series 2013B taxable bonds

EAST BAY REGIONAL PARK DISTRICT (CALIFORNIA): $80 million election of 2008 series 2013A general obligation bonds (Aaa/AAA/); competitive; KNN Public Finance (financial adviser); proceeds to design, repair and improve the district's park system; pricing July 16.

MIAMI-DADE COUNTY SCHOOL DISTRICT (FLORIDA): $250 million series 2013 tax anticipation notes (MIG 1); competitive; Public Financial Management Inc. (financial adviser); notes due March 4, 2014; proceeds to finance capital needs ahead of the collection of certain taxes; pricing July 16.

July 18

UNIVERSITY OF ALABAMA: $98,585,000 series 2013 general revenue bonds (Aa2/AA-/); competitive; Protective Services (financial adviser); proceeds to finance the construction of a new residence hall at the university's Birmingham campus; pricing July 18.

• $19,445,000 series 2013D-1 bonds due 2014 to 2023

• $79.14 million series 2013D-2 bonds due 2024 to 2043

Week of July 22

July 23

HARRIS COUNTY (TEXAS): $295 million series 2013 tax anticipation notes (/SP-1+/F1+); competitive; First Southwest Co. (financial adviser); notes due Feb. 28, 2014; proceeds to finance capital requirements for the county ahead of the collection of certain taxes; pricing July 23.

July 24

CONNECTICUT: $200 million series 2013C general obligation bonds (Aa3/AA/AA); competitive; Acacia Financial Group Inc. and A.C. Advisory Inc. (financial advisers); bonds due 2014 to 2033; proceeds to finance statewide capital expenditures; pricing July 24.

On the Horizon

CALIFORNIA STATE UNIVERSITY: $243,745,000 series 2013A system-wide revenue bonds (Aa2/AA-/); negotiated; BofA Merrill Lynch (lead); Barclays, Siebert Brandford Shank & Co. LLC, Academy Securities, Alamo Capital, Blaylock Robert Van LLC, De La Rosa & Co., Fidelity Capital Markets Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Prager & Co. LLC, RBC Capital Markets LLC, RH Investment Corp., U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC (co-managers); bonds due 2014 to 2024; proceeds to finance capital improvements at all of the university's campuses as well as to refund the university's series 1998 auxiliary organization revenue refunding bonds and its series 2005A and 2005C system-wide revenue bonds.

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 and fund venture capital commitments, as well as to refund existing debt.

COMMUNITY FACILITIES DISTRICT NO. 2013-1 OF THE SANTA MARGARITA WATER DISTRICT (CALIFORNIA): $60,145,000 series 2013 special tax bonds; negotiated; Stifel, Nicolaus & Co. (lead); bonds due 2014 to 2030 with term bonds due in 2033, 2036 and 2043; proceeds to form the district and construct and acquire capital needs for the district.

COVENANT RETIREMENT COMMUNITIES INC.: $62.79 million series 2013 revenue bonds (/BBB-/BBB+); negotiated; Ziegler Capital Inc. (lead); proceeds to fund the construction of a three-story retirement community in Northbrook, Ill., and the construction of a one-story town center building in San Diego, Calif.

• $24,505,000 series 2013A revenue bonds through Colorado Health Facilities Authority

• $17.55 million series 2013B tax-exempt mandatory paydown securities through Colorado Health Facilities Authority

• $20,735,000 series 2013C revenue bonds through California Statewide Communities Development Authority

DISTRICT OF COLUMBIA WATER AND SEWER AUTHORITY: $300 million series 2013A public utility subordinate lien revenue bonds (Aa3/AA/AA-); negotiated; Barclays and Loop Capital Markets LLC (lead); BofA Merrill Lynch, Goldman Sachs & Co., Ramirez & Co., Jefferies & Co., Lebenthal & Co. LLC and Raymond James/Morgan Keegan (co-managers); bonds due 2043 and 2048; proceeds to finance capital improvements to the city's water and sewer systems.

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

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

LEE COUNTY (FLORIDA): $94,085,000 series 2013 water and sewer revenue bonds (Aa3/AA+/AA); negotiated; Citigroup Global Markets Inc. (lead); Morgan Stanley & Co. LLC and Raymond James/Morgan Keegan (co-managers); proceeds to finance capital improvements to the county's water and sewer systems as well as to refund the county's series 2003A revenue bonds.

• $53,925,000 series 2013A bonds due 2014 to 2033 with term bonds due 2038 and 2043

• $40.16 million series 2013B bonds due 2014 to 2027

LEE LAKE PUBLIC FINANCING AUTHORITY (CALIFORNIA): $66,235,000 series 2013 revenue bonds (/BBB/); negotiated; Piper Jaffray & Co. (lead); proceeds to refund existing special tax bonds and fund a reserve account.

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/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 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

MIAMI-DADE COUNTY (FLORIDA): $487.45 million series 2013 water and sewer revenue bonds (Aa3/A+/A+); negotiated; Morgan Stanley & Co. LLC (lead); Barclays, Goldman Sachs & Co., M.R. Beal & Co., Rice Securities LLC, Blaylock Robert Van LLC, Cabrera Capital Markets LLC, Estrada Hinojosa & Co. Inc., Jefferies & Co., Ramirez & Co. Inc., RBC Capital Markets LLC, Siebert Brandford Shank & Co. LLC, Southwest Securities Inc. and Wells Fargo Securities LLC (co-managers); proceeds to construct and acquire improvements to the city's sewer and water system.

• $339,055,000 series 2013A water and sewer system revenue bonds

• $148,395,000 series 2013B refunding bonds

MIAMI-DADE COUNTY HEALTH FACILITIES AUTHORITY/MIAMI CHILDREN'S HOSPITAL (FLORIDA): $103.75 million series 2013 hospital revenue refunding bonds (/A/A); negotiated; J.P. Morgan Securities LLC and Wells Fargo Securities LLC (lead); proceeds to refund the hospital's series 2006A-2, 2006B-1 and 2006B-2 revenue bonds.

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.

MT. SAN ANTONIO COMMUNITY COLLEGE DISTRICT (TEXAS): $120,645,000 series 2013 general obligation refunding bonds (Aa2); negotiated; RBC Capital Markets LLC (lead); proceeds to refund existing G.O. debt.

• $72.15 million series 2013A tax-exempt G.O. bonds

• $48,495,000 series 2013B taxable G.O. bonds

NORTH NATOMAS COMMUNITY FACILITIES DISTRICT NO. 4 (CALIFORNIA): $71 million series 2013E special tax refunding bonds (/BBB+/); negotiated; Stifel, Nicolaus & Co. (lead); proceeds to refund the district's series 1999A, 2001B, 2003C and 2006D special tax bonds.

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

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.

PHILADELPHIA (PENNSYLVANIA): $363.77 million series 2013 general obligation bonds (A2/A-/A-); negotiated; Citigroup Global Markets Inc. and Siebert Brandford Shank & Co. LLC (lead); J.P. Morgan Securities LLC, Mesirow Financial Inc., PNC Capital Markets LLC, RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers); proceeds to fund capital improvements and refund the city's series 2003A and 2008B G.O. bonds.

• $197,445,000 series 2013A G.O. bonds due 2014 to 2033

• $166,325,000 series 2013B G.O. refunding bonds due 2014 to 2033 with term bond due in 2038

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

SAN DIEGO UNIFIED SCHOOL DISTRICT (CALIFORNIA): $220 million series 2013-14 tax and revenue anticipation notes; negotiated; Citigroup Global Markets Inc. and Loop Capital Markets LLC (lead); Stifel, Nicolaus & Co. (co-manager); proceeds to fund capital expenditures and other general fund expenses.

• $145 million series 2013-14A-1 notes due Jan. 31, 2014

• $75 million series 2013-14A-2 notes due June 30, 2014

SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY/PALMETTO HEALTH: $274.02 million series 2013 hospital refunding and improvement revenue bonds (Baa1/BBB+/BBB+); negotiated; BofA Merrill Lynch (lead); proceeds to finance capital improvements for Palmetto Health and to refund the authority's series 2010A-C revenue bonds.

• $128.03 million series 2013A bonds

• $45.99 million series 2013B bonds

• $50 million series 2013C-1 bonds

• $50 million series 2013C-2 bonds

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

TEXAS: $90.93 million series 2013 water financial assistance general obligation bonds (Aaa/AA+/AAA); negotiated; BofA Merrill Lynch (lead); Estrada Hinojosa & Co. Inc., Fidelity Capital Markets Inc. and RBC Capital Markets LLC (co-managers); proceeds to provide water improvement loans to local government entities and to refund existing water bonds.

• $57,615,000 series 2013B G.O. bonds due 2014 to 2033 with term bonds due 2038 and 2040

• $33,315,000 series 2013C G.O. refunding bonds due 2014 to 2021

TYLER INDEPENDENT SCHOOL DISTRICT (TEXAS): $143.27 million series 2013 unlimited tax school building bonds (/AAA/AAA); negotiated; BofA Merrill Lynch, Raymond James/Morgan Keegan, R.W. Baird & Co., Southwest Securities Inc., Wells Fargo Securities LLC and Edward D. Jones & Co. LP (underwriters); bonds due 2014 to 2043; proceeds to construct, acquire, equip and renovate school facilities in the district.

UNIVERSITY OF CONNECTICUT: $225 million series 2013 general obligation bonds (Aa3/AA/AA-); negotiated; Piper Jaffray & Co. (lead); Jefferies & Co., J.P. Morgan Securities LLC, Wells Fargo Securities LLC, BofA Merrill Lynch, Barclays, CastleOak Securities LP, Edward D. Jones & Co. LP, Janney Montgomery Scott LLC, KeyBanc Capital Markets LLC, Loop Capital Markets LLC, M.R. Beal & Co., Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Raymond James/Morgan Keegan, Rice Financial Products Co., Siebert Brandford Shank & Co. LLC, Stifel, Nicolaus & Co., U.S. Bancorp Investments Inc. and William Blair & Co. (co-managers); proceeds to finance capital improvements to the university, as well as to refund the university's series 2004A, 2005A and 2006A G.O. bonds.

• $189 million series 2013A G.O. bonds due 2014 to 2033

• $36 million series 2013A G.O. refunding bonds due 2014 to 2025

UNIVERSITY OF MASSACHUSETTS BUILDING AUTHORITY: $276 million series 2013 refunding revenue bonds; negotiated; Jefferies & Co. (sole underwriter for 2013-3); Wells Fargo Securities LLC (lead for 2013-4); Ramirez & Co. Inc. (lead for 2013-5); proceeds to refund existing revenue debt.

• $26 million series 2013-3 project and revenue refunding bonds

• $80 million series 2013-4 taxable revenue refunding bonds

• $170 million series 2013-5 taxable refunding revenue 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.

WASHINGTON STATE HOUSING FINANCE COMMISSION: $107,295,000 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.

• $82,495,000 series 2013A revenue and refunding bonds due Jan. 1, 2049

• $4.65 million series 2013B-1 tax-exempt mandatory paydown securities due Jan. 1, 2021

• $4.65 million series 2013B-2 tax-exempt mandatory paydown securities due Jan. 1, 2020

• $15.5 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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