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Published on 1/9/2014 in the Prospect News Municipals Daily.

Municipal Calendar: New York City Transitional to price $825 million of bonds

Week of January 6

NORTHEASTERN UNIVERSITY (MASSACHUSETTS): $100 million series 2014B taxable bonds (A2); negotiated; Barclays and Morgan Stanley & Co. LLC (lead); proceeds to construct, design and equip a new interdisciplinary science and engineering building, as well as to renovate existing administrative and office space; pricing week of Jan. 6.

Week of January 13

January 14

NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY: $92.23 million series 2014 higher education equipment leasing fund program revenue bonds; competitive; ; proceeds to finance the acquisition and installation of higher education equipment at public colleges and universities; pricing Jan. 14.

• $84.89 million series 2014A bonds

• $7.34 million series 2014B bonds

January 16

GREENWICH (CONNECTICUT): $130 million series 2014 general obligation bonds and G.O. bond anticipation notes; competitive; Independent Bond & Investment Consultants Inc. (financial adviser); proceeds to finance capital improvements approved by the town; pricing Jan. 16.

• $45 million series 2014 general obligation bonds due 2015 to 2034

• $85 million series 2014 general obligation bond anticipation notes due Jan. 22, 2015

NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY: $825 million series 2014B future tax secured subordinate bonds; negotiated and competitive; J.P. Morgan Securities LLC (lead for 2014B-1); BofA Merrill Lynch, Morgan Stanley & Co. LLC, Barclays, Loop Capital Markets LLC, Goldman, Sachs & Co. and Wells Fargo Securities LLC (co-senior manager for 2014B-1); Citigroup Global Markets Inc., M.R. Beal & Co. Inc., Raymond James/Morgan Keegan, Roosevelt & Cross Inc., Fidelity Capital Markets Inc., 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 Mellon Capital Markets LLC, Sterne, Agee & Leach Inc., Estrada Hinojosa & Co. Inc., U.S. Bancorp Investments Inc., Prager & Co. LLC and The Williams Capital Group LP (co-managers for 2014B-1); Public Resources Advisory Group and Public Financial Management Inc. (financial advisers for 2014B-2); proceeds to finance general capital expenditures for the city; pricing Jan. 16.

• $775 million series 2014B-1 tax-exempt bonds due 2015 to 2033

• $50 million series 2014B-2 taxable bonds due 2018 to 2022

SAN FRANCISCO CITY AND COUNTY (CALIFORNIA): $209,955,000 Proposition A 2008, series 2014A general obligation bonds (Aa1/AA+/AA); competitive; Montague De Rose & Associates LLC and Backstrom McCarley Berry & Co. LLC (financial advisers); bonds due 2014 to 2033; proceeds to provide funds to finance the building, rebuilding and improving of earthquake safety for the San Francisco General Hospital and Trauma Center; pricing Jan. 16.

On the Horizon

ALASKA HOUSING FINANCE CORP.: $96,005,000 series 2014A state capital project bonds II; negotiated; J.P. Morgan Stanley & Co. LLC (lead); BofA Merrill Lynch, KeyBanc Capital Markets Inc. and Raymond James/Morgan Keegan (co-managers); bonds due 2016 to 2033; proceeds to refund existing corporation obligations.

CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY/HENRY MAYO NEWHALL MEMORIAL HOSPITAL: $70 million series 2014 insured revenue bonds (/AA-/); negotiated; Ziegler Capital Inc. (lead); proceeds to renovate, remodel and expand certain facilities for the hospital, as well as to refund existing debt.

COOK COUNTY (ILLINOIS): $130 million series 2014A general obligation refunding bonds (A1/AA/AA-); negotiated; Loop Capital Markets LLC and BMO Capital Markets LLC (lead); Barclays, George K. Baum & Co., PNC Capital Markets LLC, Robert W. Baird & Co. and Wells Fargo Securities LLC (co-managers); proceeds to refund by either redemption or purchase existing G.O. debt issued by the county.

DEARBORN SCHOOL DISTRICT (MICHIGAN): $71.74 million series 2014 school building and site bonds; negotiated; Stifel, Nicolaus & Co. (lead); Comerica Securities Inc. and Fifth Third Securities Inc. (co-managers); proceeds to construct, equip, furnish and renovate school buildings within the district, as well as to purchase sites for new construction.

• $69.45 million series 2014A Michigan school bond qualification and loan program bonds due 2016 to 2030 with term bonds due 2032 and 2034

• $2.29 million series 2014B G.O. bonds due 2016 to 2023

EL PASO (TEXAS): $69.89 million series 2014 water and sewer revenue refunding bonds (/AA+/AA+); negotiated; Raymond James/Morgan Keegan and Morgan Stanley & Co. LLC (lead); bonds due 2015 to 2034; proceeds to refund a portion of the city's outstanding water and sewer revenue bonds and commercial paper notes.

FORT WORTH INDEPENDENT SCHOOL DISTRICT (TEXAS): $122,995,000 series 2014 unlimited tax school building bonds (Aa1/AA/); negotiated; J.P. Morgan Securities LLC and Raymond James/Morgan Keegan (lead); Estrada Hinojosa & Co. Inc. and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2014 to 2016 and 2021 to 2039; proceeds to make technology and other capital improvements districtwide, including the renovation, improvement and equipment of school building, as well as the purchase of new school buses.

IDAHO HOUSING AND FINANCE ASSOCIATION: $76.93 million series 2014A federal highway trust grant and revenue anticipation notes (Aa3//A+); negotiated; Citigroup Global Markets Inc. (lead); Goldman, Sachs & Co., Barclays and BofA Merrill Lynch (co-senior managers); D.A. Davidson & Co. Inc., Edward D. Jones & Co. LP, KeyBanc Capital Markets Inc., Morgan Stanley & Co. LLC, Piper Jaffray & Co., Siebert Brandford Shank & Co. LLC, Wells Fargo Securities LLC, Wedbush Morgan Securities Inc. and Zions Bank (co-managers); notes due 2014 to 2026 with term bond due 2031; proceeds to pay costs associated with certain transportation projects in the state.

ILLINOIS FINANCE AUTHORITY/MEMORIAL HEALTH SYSTEM: $60 million series 2014A revenue bonds (A1/A+/); negotiated; Piper Jaffray & Co. (lead); proceeds to construct and equip a new patient tower, construct and equip a learning center, construct and equip an expansion to operating room facilities, renovate and improve the main lobby and waiting area and improve other facilities for Memorial Health.

LIVONIA PUBLIC SCHOOLS SCHOOL DISTRICT (MICHIGAN): $66 million series 2014 unlimited tax general obligation refunding bonds; negotiated; J.P. Morgan Securities LLC (lead); Stifel, Nicolaus & Co. Inc. and Fifth Third Securities Inc. (co-managers); bonds due 2015 to 2025; proceeds to refund the district's series 2004A-B unlimited tax G.O. bonds.

MINNESOTA: $467,935,000 series 2014 state general fund appropriation bonds; negotiated; RBC Capital Markets LLC (lead); J.P. Morgan Securities LLC, Wells Fargo Securities LLC, Citigroup Global Markets Inc., Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Cronin and Piper Jaffray & Co. (co-managers); proceeds to finance the replacement of the Hubert H. Humphrey Metrodome football stadium in Minneapolis.

• $397.68 million series 2014A tax-exempt bonds due 2015 to 2033 with term bonds due 2038 and 2043

• $70,255,000 series 2014B taxable bonds due 2015 to 2029 with term bonds due 2034 and 2043

PHILADELPHIA (PENNSYLVANIA): $63.95 million series 2014A water and wastewater revenue refunding bonds (A1/A/A+); negotiated; Ramirez & Co. Inc. and RBC Capital Markets LLC (lead); BofA Merrill Lynch, Wells Fargo Securities LLC and PNC Capital Markets LLC (co-managers); bonds due 2016 to 2024; proceeds to refund the city's series 2005A water and wastewater revenue bonds.

SAGINAW COUNTY (MICHIGAN): $51,985,000 series 2013 general obligation limited tax pension obligation bonds (Aa3); negotiated; Fifth Third Securities Inc. and Stifel, Nicolaus & Co. Inc.; bonds due 2014 to 2028; proceeds to fund unfunded pensions for county employees.

SOUTH ORANGE COUNTY PUBLIC FINANCING AUTHORITY (CALIFORNIA): $65,875,000 series 2014A senior lien special tax revenue refunding bonds (/BBB+/); negotiated; Piper Jaffray & Co. (lead); proceeds to purchase local obligations for the purchase of refunding existing debt to reduce special taxes.

VILLAGE COMMUNITY DEVELOPMENT DISTRICT NO. 10 (FLORIDA): $69.43 million series 2014 special assessment revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); bonds due 2024, 2031 and 2044; proceeds to construct, equip and renovate phase II of the Villages adult retirement community in Sumter County, Fla., including the construction of roads and multimodal trails.


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