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Published on 2/7/2014 in the Prospect News Municipals Daily.

Municipal Calendar: Louisiana organizes $496.44 million bond offering

Week of February 10

February 11

LOUISIANA: $496.44 million series 2014 general obligation bonds; competitive; Lamont Financial Services Corp. (financial adviser); proceeds to finance a variety of capital outlay projects; pricing Feb. 11.

• $347,165,000 series 2014A G.O. bonds due 2017 to 2034

• $149,275,000 series 2014B taxable G.O. bonds due 2015 to 2020

NEVADA SYSTEM OF HIGHER EDUCATION: $50.93 million series 2014A universities revenue bonds; competitive; JNA Consulting Group LLC (financial adviser); bonds due 2015 to 2043; proceeds to acquire and construct capital facilities at the University of Nevada in Reno and Las Vegas; pricing Feb. 11.

February 12

IDAHO BOND BANK AUTHORITY: $51.6 million series 2014A revenue bonds (Aa1); competitive; Western Financial Group LLC (financial adviser); bonds due 2014 to 2038; proceeds to finance construction improvements to projects; pricing Feb. 12.

On the Horizon

ALACHUA COUNTY HEALTH FACILITIES AUTHORITY/EAST RIDGE RETIREMENT VILLAGE INC. (FLORIDA): $71,515,000 series 2014 health facilities revenue bonds (//BB); negotiated; Ziegler Capital Inc. (lead); proceeds to finance capital improvements at East Ridge Retirement Village's East Ridge at Cutler Bay facility in Cutler Bay, Fla., including 90 new assisted living units, 31 new memory support units and 74 new skilled nursing beds to replace existing facilities.

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.

BUNCOMBE COUNTY (NORTH CAROLINA): $184.48 million series 2014 limited obligation bonds; negotiated; Baird & Co. and SunTrust Robinson Humphrey (lead); proceeds to refinance the county's obligations as part of a 2006 contract and purchase bonds.

• $155,755,000 series 2014A bonds (Aa2/AA+/) due 2015 to 2037

• $28,725,000 series 2014B taxable bonds (Aa3/AA+/) due 2015 to 2034

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

METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA: $107.96 million series 2014 water revenue refunding bonds (Aa1/AAA/AA+); negotiated; Goldman, Sachs & Co. (lead for 2014A); J.P. Morgan Securities LLC (sole for 2014B); De La Rosa & Co., J.P. Morgan Securities LLC, Loop Capital Markets LLC and U.S. Bancorp Investments Inc. (co-managers for 2014A); proceeds to refund existing water revenue bonds.

• $96.27 million series 2014A bonds due 2018 to 2021

• $11.69 million series 2014B taxable bonds due July 1, 2018

MINNESOTA HOUSING FINANCE AGENCY: $50 million series 2014A non-AMT residential housing finance bonds; negotiated; RBC Capital Markets LLC (lead); Piper Jaffray & Co., Wells Fargo Securities LLC and Fidelity Capital Markets LLC (co-managers); bonds due 2015 to 2024 with term bonds due 2026 and 2038; proceeds to acquire residential mortgage loans.

MYRTLE BEACH (SOUTH CAROLINA): $61,805,000 series 2014 hospitality fee pledge limited obligation bonds (A1/AA-/); negotiated; Wells Fargo Securities LLC (lead); proceeds to construct a 100,000 square-foot convention center and hotel, as well as to redeem existing debt.

• $17,375,000 series 2014A taxable bonds due 2015 to 2024 with a term bond due in 2039

• $44.43 million series 2014B bonds due 2015 to 2034 with a term bond due in 2036

NEW YORK STATE MORTGAGE AGENCY: $179.08 million homeowner mortgage revenue bonds; negotiated; Morgan Stanley & Co. LLC (lead); BofA Merrill Lynch, J.P. Morgan Securities LLC, Academy Securities, Barclays, CastleOak Securities LP, George K. Baum & Co., Loop Capital Markets LLC, M&T Securities Inc., Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC (co-managers); proceeds to finance single-family mortgage loans and refund existing debt.

• $38,255,000 series 181 non-AMT bonds due 2039 and 2044

• $25,385,000 series 182 non-AMT bonds due 2014 to 2017 with term bond due in 2034

• $59,945,000 series 183 AMT bonds due 2014 to 2024 with term bonds due 2029 and 2031

• $55,495,000 series 184 taxable bonds due 2014 to 2024

PUBLIC FINANCE AUTHORITY/USA PLACE PARKING FACILITIES LLC (ARIZONA): $103.5 million series 2014 taxable parking revenue bonds; negotiated; KeyBanc Capital Markets LLC (lead); bonds due Feb. 1, 2021; proceeds to construct, equip, acquire and renovate a multilevel parking facility for the USA Place multi-use center anchored by a hotel and conference center in Tempe.

UNIVERSITY OF MICHIGAN: $90,855,000 series 2014 general revenue bonds (Aaa/AAA/); negotiated; Barclays (lead); proceeds to finance the renovation of a library, the improvement of the South Quadrangle and the construction of a parking structure, as well as other capital improvements to the university's Ann Arbor campus.

• $81,635,000 series 2014A tax-exempt bonds

• $9.22 million series 2014B taxable bonds


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