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Published on 1/16/2014 in the Prospect News Municipals Daily.

Municipal Calendar: Minnesota to price $467.94 million of appropriation bonds

Week of January 13

JACKSONVILLE ELECTRIC AUTHORITY (FLORIDA): $272,185,000 series 2014A electric system revenue bonds; negotiated; RBC Capital Markets LLC and Wells Fargo Securities LLC (lead); BofA Merrill Lynch, Barclays, BMO Capital Markets LLC, Citigroup Global Markets Inc., Goldman, Sachs & Co., Jefferies & Co., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Piper Jaffray & Co., Raymond James/Morgan Keegan and U.S. Bancorp Investments Inc. (co-managers); proceeds to refund the authority's series 2008E and 2009A electric system revenue bonds; pricing week of Jan. 13.

• $48.89 million series 2014A series three bonds (Aa2/AA-/AA)

• $223,295,000 series 2014A subordinate bonds (Aa3/A+/AA)

LA PAZ INDUSTRIAL DEVELOPMENT AUTHORITY (ARIZONA): $285 million series 2013 taxable senior lien project revenue bonds (/BBB/); negotiated; Raymond James/Morgan Keegan (lead); proceeds to refinance debt incurred by the authority for the construction, acquisition, equipment and improvement of six correctional facilities in Texas and Louisiana; pricing week of Jan. 13.

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; pricing week of Jan. 13.

• $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

Week of January 20

January 22

NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY: $92.23 million series 2014 higher education equipment leasing fund program revenue bonds; competitive; proceeds to finance the installation of equipment at higher education facilities within the state; pricing Jan. 22.

• $84.89 million series 2014A bonds

• $7.34 million series 2014B bonds

UNIVERSITY SYSTEM OF MARYLAND: $147.89 million series 2014 auxiliary facility and tuition revenue refunding bonds (Aa1/AA+/AA+); competitive; Public Financial Management Inc. (financial adviser); proceeds to finance capital projects for the university and to refund it series 2003A revenue bonds; pricing Jan. 22.

• $139.9 million series 2014A revenue bonds due 2014 to 2033

• $7.99 million series 2014B refunding bonds due 2014 to 2016

WASHINGTON STATE: $717.1 million series 2014 general obligation bonds (Aa1/AA+/AA+); competitive; Montague De Rose and Associates and Piper Jaffray & Co. (financial advisers); proceeds to finance state capital projects and state highway projects; pricing Jan. 22.

• $355,075,000 series 2014D various purpose G.O. bonds due 2022 to 2039

• $273,915,000 series 2014E motor vehicle fuel tax G.O. bonds due 2015 to 2039

• $88.11 million series 2014T-2 taxable G.O. bonds due 2015 to 2022

January 23

FAIRFAX COUNTY (VIRGINIA): $316,815,000 series 2014A public improvement and refunding bonds (Aaa/AAA/AAA); competitive; Public Financial Management Inc. (financial adviser); bonds due 2014 to 2033; proceeds to finance school, transportation, public facilities, parks and recreation and public library improvements, as well as to refund the county's series 2004A-B and 2005A revenue bonds; pricing Jan. 23.

Week of January 27

January 30

TULSA (OKLAHOMA): $50 million series 2014 general obligation bonds (Aa1/AA/); competitive; bonds due 2016 to 2034; proceeds to finance the construction of streets and bridges in the city; pricing Jan. 30.

On the Horizon

ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS/SHARP HEALTHCARE (CALIFORNIA): $167.9 million series 2014A revenue bonds (A1/AA-/); negotiated; Goldman, Sachs & Co. and Citigroup Global Markets Inc. (lead); proceeds to finance or refinance the construction, acquisition, renovation, improvement and equipment of Sharp HealthCare facilities as well as to refund its series 2003C revenue bonds.

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 INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK: $97,095,000 series 2014A infrastructure state revolving fund revenue bonds (Aa1/AAA/AAA); negotiated; Piper Jaffray & Co. and Jefferies & Co. (lead); Backstrom McCarley Berry & Co., Citigroup Global Markets Inc., BofA Merrill Lynch, O'Connor & Co. Securities, Raymond James/Morgan Keegan, SL Hare Capital Inc., Stifel, Nicolaus & Co. Inc. and Wulff, Hansen & Co. (co-managers); bonds due 2014 to 2034; proceeds to repay the bank for loans made under an infrastructure loan program.

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.

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.

INDIANA BOND BANK: $85 million series 2014A advance funding program notes (/SP-1/); negotiated; J.P. Morgan Securities LLC (lead); notes due Jan. 6, 2015; proceeds to make a deposit to a warrant purchase fund.

MASSACHUSETTS DEVELOPMENT FINANCE AGENCY/PARTNERS HEALTHCARE SYSTEM: $424,565,000 series 2014M revenue bonds (Aa2/AA/AA); negotiated; J.P. Morgan Securities LLC (for 2014M-3, 2014M-4); BofA Merrill Lynch, Barclays, TD Securities Inc. and Wells Fargo Securities LLC (for 2014M-4); U.S. Bancorp Investments Inc. (for 2014M-1 and 2014M-4); BNY Mellon Capital Markets LLC (for 2014M-2 and 2014M-4); proceeds to construct a new building at Brigham Women's Hospital in Boston, replace the Spaulding Rehabilitation Hospital in Charlestown, acquire and install a new revenue management and clinical application system, construct a new power plant for North Shore Medical Center in Salem and make other improvements to the system's facilities.

• $50 million series 2014M-1 bonds due July 1, 2048

• $50 million series 2014M-2 bonds due July 1, 2048

• $74,565,000 series 2014M-3 bonds due July 1, 2038

• $250 million series 2014M-4 bonds due 2018 to 2034 with term bonds due 2039 and 2044

NEW YORK STATE THRUWAY AUTHORITY: $360.61 million series J general revenue bonds; negotiated; Barclays and Siebert Brandford Shank & Co. LLC (lead); Goldman, Sachs & Co. Inc., Jefferies & Co., J.P. Morgan Securities LLC, BMO Capital Markets LLC, Fidelity Capital Markets Inc., M.R. Beal & Co., Roosevelt & Cross Inc., Southwest Securities Inc. and Stifle, Nicolaus & Co. Inc.; bonds due 2015 to 2044; proceeds to fund a portion of the authority's multiyear capital program.

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.

YUMA INDUSTRIAL DEVELOPMENT AUTHORITY/YUMA REGIONAL MEDICAL CENTER (ARIZONA): $74.82 million series 2014A hospital revenue bonds (/A-/); negotiated; BofA Merrill Lynch (sole); proceeds to construct a new emergency department, make improvements to other departments, expand the women's and children's department, make central plant upgrades and construct a parking structure at the medical center.


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