Municipal Calendar: Minnesota organizes $470.2 million bond deal

Week of August 5

MINNESOTA: $470,205,000 of general obligation state bonds; competitive; Public Resources Advisory Group (financial adviser); proceeds to finance capital projects and state highway construction and to develop the state's agricultural resources by financing Rural Finance Authority programs; pricing Aug. 6.

• $265,205,000 of series 2013A various purpose bonds due 2014 to 2033

• $200 million of series 2013B trunk highway bonds due 2014 to 2033

• $5 million of series 2013C taxable state bonds due Aug. 1, 2018

On the Horizon

ATLANTA DEVELOPMENT AUTHORITY/GEORGIA TECH: $116,095,000 series 2013 TUFF-GATV revenue bonds (A2/A/); negotiated; BofA Merrill Lynch and SunTrust Robinson Humphrey (lead); proceeds to refund the authority's series 2002A-B and 2005A-B revenue bonds.

• $45,645,000 series 2013A-1 revenue bonds due 2020 to 2033 with term bonds due 2038 and 2043

• $5.62 million series 2013A-2 taxable revenue bonds due 2014 to 2020

• $5.35 million series 2013B-1 revenue bonds due 2025 to 2028

• $56,415,000 series 2013B-2 taxable revenue bonds due 2014 to 2033 with term bonds due 2028, 2033 and 2043

• $3,065,000 series 2013C revenue bonds due 2014 to 2027

BEXAR COUNTY (TEXAS): $350 million series 2013B combination tax and revenue certificates of obligation (Aaa//AAA); negotiated; Loop Capital Markets LLC (lead); proceeds to make capital improvements throughout the county.

CHICAGO O'HARE INTERNATIONAL AIRPORT: $247.27 million series 2013 customer facility charge senior lien revenue bonds (Baa1/BBB/); negotiated; BofA Merrill Lynch (lead); Estrada Hinojosa & Co. Inc., Raymond James/Morgan Keegan, Academy Securities Inc., North South Capital LLC, Backstrom McCarley Berry & Co. LLC, US Bancorp Investments Inc., BMO Capital Markets LLC and The Williams Capital Group LP (co-managers); bonds due 2018 to 2033 with term bonds due in 2038 and 2043; proceeds to finance capital projects as well as the construction and extension of the airport's transit project.

CHULA VISTA MUNICIPAL FINANCING AUTHORITY (CALIFORNIA): $76.62 million series 2013 special tax revenue refunding bonds (/BBB+/); negotiated; De La Rosa & Co. and Stifel, Nicolaus & Co. (lead); proceeds to refund existing special tax bonds.

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.

COLORADO HEALTH FACILITIES AUTHORITY/CHILDREN'S HOSPITAL COLORADO: $75 million series 2013A hospital revenue bonds (A1/A+/); negotiated; J.P. Morgan Securities LLC (lead); proceeds to construct a 10-story addition to the hospital's Anschutz campus and a satellite inpatient and outpatient facility in Highland Ranch.

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.

DISTRICT OF COLUMBIA/NATIONAL LAW ENFORCEMENT MUSEUM: $99.43 million series 2013 revenue bonds; negotiated; H.J. Sims & Co. (lead); proceeds to reimburse the city for the costs associated with constructing, equipping and furnishing the National Law Enforcement Museum at 444 E Street in Washington, D.C.

• $77.98 million series 2013A bonds due 2023, 2033 and 2048

• $21.45 million series 2013B bonds due 2048

GEISINGER HEALTH SYSTEM (PENNSYLVANIA): $284.4 million series 2013 taxable bonds (Aa2/AA/); negotiated; J.P. Morgan Securities LLC and Wells Fargo Securities LLC (lead); BofA Merrill Lynch (co-manager); proceeds for general corporate purposes.

GENESEE COUNTY (MICHIGAN): $54.18 million series 2013 water supply system revenue bonds (A2/A+/); negotiated; J.P. Morgan Securities LLC (lead); Wells Fargo Securities LLC and Stifel, Nicolaus & Co. (co-managers); proceeds to acquire a piece of property adjacent to Lake Huron in Sanilac County, as well as to construct a raw water intake facility and refund the county's series 2003 and 2003B G.O. 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.

ILLINOIS FINANCE AUTHORITY/ADVOCATE HEALTH CARE: $95,685,000 series 2013A revenue bonds (Aa2/AA/AA); negotiated; J.P. Morgan Securities LLC (lead); Loop Capital Markets LLC and Cabrera Capital Markets LLC (co-managers); proceeds to finance the construction of Advocate Health facilities.

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 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 SEWER DISTRICT OF GREATER CINCINNATI (OHIO): $430,505,000 series 2013 sewer system improvement and refunding revenue bonds (Aa2/AA+/); negotiated; Citigroup Global Markets Inc. (lead); proceeds to make capital improvements to the system, as well as to refund existing debt.

• $294.51 million series 2013A revenue bonds

• $135,995,000 series 2013B taxable refunding bonds

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.

NEBRASKA INVESTMENT FINANCE AUTHORITY: $100 million series 2013 single-family housing revenue bonds; negotiated; J.P. Morgan Securities LLC (lead); Ameritas Investment Corp. and D.A. Davidson & Co. (co-managers); proceeds to acquire, purchase or finance mortgage loans.

• $75 million series 2013C non-AMT bonds due 2023 to 2024 with term bonds due 2028, 2035 and 2043

• $25 million series 2013D AMT bonds due 2014 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, as well as construct, equip, renovate and improve school facilities within the district.

OHIO: $1,107,865,907.50 series 2013A turnpike revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, BofA Merrill Lynch, Fidelity Capital Markets LLC, The Huntington Investment Co., Jefferies & Co., KeyBanc Capital Markets LLC, Loop Capital Markets LLC, PNC Capital Markets LLC, RBC Capital Markets LLC, Rice Financial Products Co., Stifel, Nicolaus & Co. and Wells Fargo Securities LLC (co-managers); proceeds to finance capital improvements to the turnpike system.

• $73.78 million series 2013A turnpike revenue bonds (Aa3/AA-/AA) due Feb. 15, 2050

• $1,034,085,907.50 series 2013A turnpike junior lien revenue bonds (A1/A+/A+) due 2019 to 2048 with term bond due 2050

ORANGE COUNTY SCHOOL BOARD (FLORIDA): $85.16 million 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.

PRINCETON THEOLOGICAL SEMINARY (NEW JERSEY): $85 million series 2013 taxable bonds (Aa1/AAA/); negotiated; Morgan Stanley & Co. LLC (lead); Wells Fargo Securities LLC (co-manager); proceeds for general corporate purposes of the seminary, as well as to refund the seminary's series 2002G bonds and a line of credit.

PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY (GEORGIA)/EMORY UNIVERSITY: $206.93 million series 2013A revenue bonds (Aa2/AA/AA+); negotiated; Barclays (lead); BofA Merrill Lynch, Goldman, Sachs & Co. and Wells Fargo Securities LLC (co-managers); bonds due 2014 to 2022 with term bond due in 2043; proceeds to refund the university's series 2002A and 2005A revenue bonds and its series 2010 commercial paper notes.

PROVIDENCE HEALTH AND SERVICES (CALIFORNIA AND OREGON): $216,825,000 series 2013 revenue bonds (Aa2/AA/AA); negotiated; BofA Merrill Lynch (lead); proceeds to refund existing debt.

• $78.06 million series 2013A revenue bonds through the Oregon Facilities Authority

• $138,765,000 series 2013B revenue bonds through the California Health Facilities Financing Authority

PUERTO RICO ELECTRIC POWER AUTHORITY: $600 million series 2013A power revenue bonds; negotiated; Morgan Stanley & Co. LLC and Wells Fargo Securities LLC (lead); Citigroup Global Markets Inc., J.P. Morgan Securities LLC, BofA Merrill Lynch, Barclays, FirstBank PR Securities, Goldman, Sachs & Co., Jefferies & Co., Mesirow Financial Inc., Oriental Financial Services, Popular Securities, Ramirez & Co. Inc., RBC Capital Markets LLC, Santander Securities, Scotia MSD and UBS FS Puerto Rico (co-managers); proceeds to finance various projects under the authority's capital improvement program.

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.

SAN FRANCISCO AIRPORT COMMISSION (CALIFORNIA): $461,115,000 series 2013 airport revenue bonds (A1/A+/A+); negotiated; Citigroup Global Markets Inc. (lead); proceeds to finance the commission's new capital improvement program and related operating expenditure growth.

• $343,845,000 series 2013A AMT bonds

• $80,415,000 series 2013B non-AMT bonds

• $17.87 million series 2013C taxable bonds

• $3.85 million series 2013D AMT bonds

• $15,135,000 series 2013E non-AMT bonds

SOUTH CAROLINA PUBLIC SERVICE AUTHORITY: $1,748,000,000 of revenue obligation bonds (Aa3/AA-/AA-); negotiated; Goldman, Sachs & Co. (lead for series A and B bonds), Barclays (lead for series C bonds), Morgan Stanley & Co. LLC (lead for series D bonds); BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities Inc. and Wells Fargo Securities LLC (co-managers); proceeds to fund a portion of the authority's ongoing capital improvement program and to refinance a portion of outstanding debt.

• $811 million of series 2013A tax-exempt bonds due 2043, 2048 and 2053

• $399 million of series 2013B tax-exempt refunding bonds due 2037 and 2046

• $212 million of series 2013C taxable bonds due 2042

• $326 million of series 2013D taxable Libor index bonds due 2015 and 2016

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

TUFTS MEDICAL CENTER (MASSACHUSETTS): $100 million series 2013 taxable bonds (/BBB/BBB); negotiated; Barclays and J.P. Morgan Securities LLC (lead); bonds due Jan. 1, 2044; proceeds for general corporate purposes.

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 CALIFORNIA MEDICAL CENTER: $665 million series 2013 pooled revenue bonds (Aa2/AA-/AA); negotiated; Barclays and Citigroup Global Markets Inc. (lead); Backstrom McCarley Berry & Co. LLC, Fidelity Capital Markets LLC, Jefferies & Co., Loop Capital Markets LLC, M.R. Beal & Co., Prager & Co. LLC, Raymond James/Morgan Keegan, SL Hare Capital Inc., US Bancorp Investments Inc., Wells Fargo Securities LLC and The Williams Capital Group LP (co-managers); proceeds to finance the east campus tower projects in La Jolla, Calif., as well as to refund the medical center's 2004A revenue bonds.

• $635 million series 2013J bonds

• $30 million series 2013K weekly bonds

UNIVERSITY OF MASSACHUSETTS BUILDING AUTHORITY: $250 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.

• $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.

UNIVERSITY OF UTAH: up to $100 million series 2013B taxable commercial paper general revenue refunding notes (P1/A-1+/); competitive; proceeds to refund existing commercial paper.

VIRGINIA PUBLIC SCHOOL AUTHORITY/PRINCE WILLIAM COUNTY: $62.43 million series 2013 special obligation school facility bonds (Aaa/AAA/AAA); competitive; Public Financial Management Inc. (financial adviser); bonds due 2014 to 2033; proceeds to finance school capital expenditures in Prince William County.

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

WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/AURORA HEALTH CARE INC.: $115.32 million series 2013A revenue bonds (A3//A); negotiated; BofA Merrill Lynch and BMO Capital Markets LLC (lead); proceeds to construct, equip, acquire and renovate existing Aurora Health facilities, as well as to current refund the authority's series 2003 revenue bonds.

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