Municipal Calendar: Illinois organizes $1 billion general obligation bond deal

Week of February 3

ILLINOIS: $1 billion series of February 2014 general obligation bonds; negotiated; Citigroup Global Markets Inc. (lead); Baird & Co., George K. Baum & Co. and Fifth Third Securities Inc. (co-senior managers); CastleOak Securities LP, Drexel Hamilton LLC, Estrada Hinojosa & Co. Inc., Sterne, Agee & Leach Inc. and The Williams Capital Group LP (co-managers); bonds due 2015 to 2034 with term bond due in 2039; proceeds to finance capital development, transportation, school and job development projects within the state; pricing week of Feb. 3.

February 4

CLEVELAND HEIGHTS CITY SCHOOL DISTRICT (OHIO): $134.8 million series 2014 general obligation bonds (Aa2/AA/); negotiated; Stifel, Nicolaus & Co. Inc. (lead); proceeds to finance capital improvements to school facilities and to construct new school buildings; pricing Feb. 4.

SAN DIEGO COUNTY REGIONAL AIRPORT AUTHORITY (CALIFORNIA): $315,365,000 series 2014 senior special facilities revenue bonds (A3/A-/); negotiated; Siebert Brandford Shank & Co. LLC and J.P. Morgan Securities LLC (lead); Cabrera Capital Markets LLC, Citigroup Global Markets Inc., Jefferies & Co. and Loop Capital Markets LLC (co-managers); proceeds to finance the construction of a centralized rental car facility at San Diego International Airport; pricing Feb. 4.

• $30.62 million series 2014A non-AMT tax-exempt bonds

• $284,745,000 series 2014B taxable bonds

TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP./COOK CHILDREN'S MEDICAL CENTER (TEXAS): $175 million series 2014 hospital revenue bonds (Aa2/AA/); negotiated; J.P. Morgan Securities LLC and Goldman, Sachs & Co. (lead); Raymond James/Morgan Keegan (co-manager); bonds due 2014 to 2034 with term bonds due 2039 and 2044; proceeds to finance the construction of a south tower to include a new emergency room, surgical suites, patient rooms, and other facilities; pricing Feb. 4.

February 5

ABILENE INDEPENDENT SCHOOL DISTRICT (TEXAS): $87.68 million series 2014 unlimited tax school building bonds (Aa2/AA/); negotiated; Southwest Securities Inc. (lead); bonds due 2016 to 2036; proceeds to construct, equip, acquire and renovate school buildings in the district; pricing Feb. 5.

COMMONWEALTH TRANSPORTATION BOARD (VIRGINIA): $201.08 million series 2014 transportation revenue refunding bonds; competitive; Public Resources Advisory Group (financial adviser); proceeds to refund the board's series 2004A-B transportation revenue refunding bonds; pricing Feb. 5.

• $55.48 million series 2014A Northern Virginia Transportation District Program bonds due 2015 to 2022

• $145.6 million series 2014B U.S. Route 58 Corridor Development Program bonds due 2015 to 2022

UNIVERSITY OF ILLINOIS: $180,485,000 series 2014 auxiliary facilities system revenue bonds (Aa3/AA-/); negotiated; Wells Fargo Securities LLC (lead); Cabrera Capital Markets LLC and Loop Capital Markets LLC (co-managers); proceeds to finance improvements and expansions at the State Farm Center arena, as well as a new residence hall at the university's Urbana campus.

• $162.67 million series 2014A bonds due 2023 to 2034 with term bonds due 2039 and 2044

• $17,815,000 series 2014B taxable bonds due 2014 to 2023

UNIVERSITY OF MASSACHUSETTS BUILDING AUTHORITY: $306,625,000 series 2014 project revenue bonds (Aa2/AA-/AA); negotiated; Barclays and Citigroup Global Markets Inc. (lead); BofA Merrill Lynch, Cabrera Capital Markets LLC, Jefferies & Co., Fidelity Capital Markets LLC, Janney Montgomery Scott LLC, Morgan Stanley & Co. LLC, Lebenthal & Co. LLC, Loop Capital Markets LLC, Roosevelt & Cross Inc., Ramirez & Co. Inc., Raymond James/Morgan Keegan, Drexel Hamilton LLC, J.P. Morgan Securities LLC, Piper Jaffray & Co. and Wells Fargo Securities LLC (co-managers); proceeds to finance the construction, improvement, acquisition and equipment of university facilities throughout the system; pricing Feb. 5.

• $301.61 million series 2014-1 tax-exempt bonds

• $5,015,000 series 2014-2 taxable bonds

February 6

CHEROKEE COUNTY SCHOOL SYSTEM (GEORGIA): $71.09 million series 2014 general obligation bonds (Aa1/AA+/); negotiated; Citigroup Global Markets Inc. (lead); proceeds to acquire, construct and improve school facilities, as well as to acquire upgraded technology for the system; pricing Feb. 6.

UNIFIED GOVERNMENT OF WYANDOTTE/KANSAS CITY (KANSAS): $73.28 million series 2014 municipal temporary notes; competitive; Springsted Inc. (financial adviser); notes due March 1, 2015; proceeds to finance capital projects for the government; pricing Feb. 6.

• $62,765,000 series 2014-I notes

• $5,585,000 series 2014-II notes

• $4.93 million series 2014-III notes

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.

ALASKA MUNICIPAL BOND BANK: $62.41 million series 2014 general obligation bonds (Aa2//AA+); negotiated; RBC Capital Markets LLC (lead for 2014A-1); J.P. Morgan Securities LLC (lead for 2014B-1); proceeds to make loans to governmental units.

• $48.32 million series 2014A-1 tax-exempt bonds due 2015 to 2039

• $14.09 million series 2014B-1 taxable bonds due 2015 to 2022

CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY/CALIFORNIA BAPTIST UNIVERSITY: $61,015,000 series 2014 revenue bonds; negotiated; D.A. Davidson & Co. (lead); proceeds to acquire an apartment complex for student housing and to lease student housing for the School of Nursing.

• $54,925,000 series 2014A bonds due 2023, 2033 and 2043

• $6.09 million series 2014B bonds due 2019

GRANBURY INDEPENDENT SCHOOL DISTRICT (TEXAS): $80,025,000 series 2014 unlimited tax school building bonds; negotiated; Southwest Securities Inc. (lead); First Southwest Co., Raymond James/Morgan Keegan, Wells Fargo Securities LLC and Edward D. Jones & Co. LP (co-managers); bonds due 2015 to 2039; proceeds to construct, equip and acquire school buildings in the district.

GRAND PARKWAY TRANSPORTATION CORPORATION (TEXAS): $733.13 million series 2014A subordinate tier toll revenue refunding bond anticipation notes (/SP-1+/); negotiated; Goldman, Sachs & Co. (lead); BofA Merrill Lynch, J.P. Morgan Securities LLC, Ramirez & Co. Inc., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC (co-managers); notes due Dec. 15, 2016; proceeds to refund a portion of the corporation's series 2013C bonds.

MARYLAND DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT: $91,465,000 series 2014 residential revenue bonds (//AA); negotiated; J.P. Morgan Securities LLC (lead); BofA Merrill Lynch, RBC Capital Markets LLC, Loop Capital Markets LLC, M&T Securities Inc. and Morgan Stanley & Co. LLC (co-managers); proceeds to finance loans to qualified statewide recipients.

• $54,765,000 series 2014A non-AMT bonds due 2016 to 2024 with term bonds due in 2029 and 2032

• $36.7 million series 2014B AMT bonds due 2014 to 2016 with term bond due in 2044

REGIONAL TRANSPORTATION AUTHORITY (ILLINOIS): $105,565,000 series 2014A general obligation bonds (Aa3/AA/AA); competitive; Backstrom McCarley Berry & Co. LLC (financial adviser); bonds due 2015 to 2044; proceeds to finance the construction, acquisition, renovation and improvement of certain public transportation facilities as part of the authority's capital program; pricing day-to-day.

WASHINGTON STATE UNIVERSITY: $55,775,000 series 2014 general revenue bonds (Aa2/AA/); negotiated; Goldman, Sachs & Co. (lead); Baird & Co., Barclays and J.P. Morgan Securities LLC (co-managers); bonds due 2015 to 2039; proceeds to construct dining and housing facilities for the university, as well as to construct a new technology laboratory.

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