Municipal Calendar: Illinois organizes $402 million Build Illinois Bonds deal

Week of March 10

March 11

ILLINOIS: $402 million series of March 2014 taxable Build Illinois Bonds; competitive; Columbia Capital Management LLC (financial adviser); bonds due 2015 to 2038; proceeds to finance statewide capital requirements; pricing March 11.

OHIO: $300 million series 2014A higher education general obligation bonds (Aa1/AA+/AA+); competitive; Public Financial Management Inc. (financial adviser); bonds due 2015 to 2034; proceeds to finance capital improvements for state-supported and state-assisted higher education facilities; pricing March 11.

March 12

ALASKA: $170 million series 2014 general obligation bond anticipation notes (MIG 1/SP-1+/F1+); competitive; Acacia Financial Group Inc. (financial adviser); notes due March 23, 2015; proceeds to finance the design and construction of state highway projects; pricing March 12.

BOSTON (MASSACHUSETTS): $156,865,000 series 2014A general obligation bonds; competitive; Public Financial Management Inc. (financial adviser); bonds due 2015 to 2034; proceeds to finance capital projects within the city; pricing March 12.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $850 million series 2014 state personal income tax revenue bonds (/AAA/AA); negotiated; Citigroup Global Markets Inc. (lead); proceeds to refund higher-interest bonds and replace them with lower-cost debt; pricing March 12.

• $800 million series 2014A tax-exempt fixed-rate refunding bonds

• $50 million series 2014B taxable fixed-rate bonds

METROPOLITAN DISTRICT OF HARTFORD COUNTY (CONNECTICUT): $278,221,000 series 2014 general obligation bond anticipation notes; competitive; First Southwest Co. (financial adviser); proceeds to finance sewer, water and various capital improvements within the district; pricing March 12.

• $52,762,000 series 2014A notes due Aug. 17, 2014

• $100 million series 2014B notes due Dec. 5, 2014

• $90,459,000 series 2014C notes due March 23, 2015

• $35 million series 2014D notes due March 23, 2015

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.

CHICAGO (ILLINOIS): $405 million series 2014 general obligation bonds (/A+/A-); negotiated; Wells Fargo Securities LLC (lead); BMO Capital Markets LLC, Cabrera Capital Markets LLC, William Blair & Co., Blaylock Beal Van LLC, Estrada Hinojosa & Co. Inc., George K. Baum & Co., Mischler Financial Group Inc., North South Capital LLC and The Williams Capital Group LP (co-managers); proceeds to finance road resurfacing and improvements, the installation of guardrails, the replacement of curbs and gutters, the improvement of park facilities and other citywide improvements.

• Series 2014A G.O. project and refunding bonds

• Series 2014B taxable G.O. and refunding bonds

CLARK COUNTY (NEVADA): $100 million series 2014A index fuel tax and subordinate motor vehicle fuel tax highway revenue bonds (A1/A+/); negotiated; RBC Capital Markets LLC and BofA Merrill Lynch (lead); proceeds to provide funds to the Regional Transportation Commission of Southern Nevada to finance the costs of constructing certain major streets and highways in the county.

CONNECTICUT: $400 million series 2014 general obligation bonds (Aa3/AA/AA); negotiated; BofA Merrill Lynch (lead); Citigroup Global Markets Inc., Janney Montgomery Scott LLC, TD Securities (USA) LLC, The Williams Capital Group LP, Baird & Co., Barclays, Edward D. Jones & Co. LP, Jefferies & Co., J.P. Morgan Securities LLC, KeyBanc Capital Markets LLC, Lebenthal & Co. LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Prager & Co. LLC, Piper Jaffray & Co. LLC, Rice Financial Products Co., Roosevelt & Cross Inc., Sterne, Agee & Leach Inc., Stifel, Nicolaus & Co. Inc. and William Blair & Co. (co-managers); proceeds to finance capital projects within the state.

• $340 million series 2014A G.O. bonds due 2015 to 2034

• $60 million series 2014B G.O. Sifma index bonds due 2018 to 2023

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $830 million series 2014 general purpose state personal income tax bonds; negotiated; Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Rice Financial Products Co. (lead); Blaylock Robert Van LLC; BofA Merrill Lynch; Fidelity Capital Markets; Goldman, Sachs & Co.; Jefferies & Co.; J.P. Morgan Securities LLC; Lebenthal & Co. LLC; Loop Capital Markets LLC; M&T Securities Inc.; Mesirow Financial Inc.; Oppenheimer & Co.; TD Securities (USA) LLC; RBC Capital Markets LLC; Roosevelt & Cross Inc.; U.S. Bancorp Investments Inc.; and Wells Fargo Securities LLC (co-managers); proceeds to refund existing debt.

• $800 million series 2014A tax-exempt bonds

• $30 million series 2014B taxable bonds

HOLLAND (MICHIGAN): $160 million series 2014A electric utility system revenue bonds (Aa3/AA/); negotiated; Jefferies & Co. (lead); BofA Merrill Lynch, Comerica Securities Inc., Edward D. Jones & Co. LP, Fifth Third Securities Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities LLC (co-managers); proceeds to acquire, construct, equip, improve and install a gas-fired combined cycle power plant and associated facilities.

HOUSTON (TEXAS): $1.35 billion series 2014 combined utility system revenue refunding bonds (/AA/AA); negotiated; J.P. Morgan Securities LLC (lead for 2014B); Citigroup Global Markets Inc.; Raymond James/Morgan Keegan; Barclays; Ramirez & Co. Inc.; and Wells Fargo Securities LLC (co-managers for 2014B); Siebert Brandford Shank & Co. LLC (lead for 2014C); Goldman, Sachs & Co.; Piper Jaffray & Co.; Raymond James; Hutchinson Shockey Erley & Co.; Jefferies & Co.; and RBC Capital Markets LLC (co-managers for 2014C); proceeds to refund a portion of the city's series 2004A bonds.

• $650 million series 2014B taxable first-lien bonds due May 15, 2015

• $700 million series 2014C tax-exempt first-lien bonds due May 15, 2015

INLAND VALLEY DEVELOPMENT SUCCESSOR AGENCY (CALIFORNIA): $270 million series 2014 tax allocation refunding bonds (/A-/); negotiated; Barclays (lead); proceeds to repay outstanding loans and refund the agency's series 2011B-C bonds.

• Series 2014A tax-exempt bonds

• Series 2014B taxable bonds

KANSAS CITY (MISSOURI): $113,535,000 series 2014 special obligation bonds (A1/AA-/); negotiated; Oppenheimer & Co. (lead); George K. Baum & Co.; Stifel, Nicolaus & Co. Inc.; and Valdes & Moreno Inc. (co-managers); proceeds to finance a downtown streetcar project, a downtown redevelopment project, capital improvements within the city and to advance refund existing special obligation bonds.

• $65.91 million series 2014A Downtown Streetcar bonds due 2014 to 2037

• $14,755,000 series 2014B Kansas City projects bonds due 2015 to 2028

• $32.87 million series 2014C Kansas City Downtown Redevelopment project bonds due 2031 to 2039

NEW YORK STATE MORTGAGE AGENCY: $123.84 million homeowner mortgage revenue bonds; negotiated; BofA Merrill Lynch (lead); J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Academy Securities Inc., 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 purchase recently originated mortgage loans, purchase new mortgage loans and finance second-lien Down Payment Assistance Mortgage Loans.

• $12 million series 185 non-AMT bonds due Oct. 1, 2029

• $71.64 million series 186 AMT bonds due 2019 to 2025 with term bond due in 2029

• $40.2 million series 187 taxable bonds due 2014 to 2018

NORTH SLOPE BOROUGH (ALASKA): $61.34 million series 2014 Service Area 10 water and wastewater facilities revenue bonds; negotiated; KeyBanc Capital Markets LLC (lead); bonds due 2016 to 2029; proceeds to finance the construction, equipment, renovation and improvement of water and wastewater facilities in Service Area 10, as well as to fund maintenance and operations.

PALM BEACH COUNTY HEALTH FACILITIES AUTHORITY/SINAI RESIDENCES OF BOCA RATON (FLORIDA): $189,885,000 series 2014 revenue bonds; negotiated; H.J. Sims & Co. (lead); proceeds to fund a loan to Sinai Residences of Boca Raton for capital improvements to the corporation's facilities, as well as to refund existing notes.

• $120,885,000 series 2014A bonds due 2024, 2034 and 2049

• $14 million series 2014B entrance fee principal redemption bonds due 2023

• $55 million series 2014C entrance fee principal redemption bonds due 2021

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.

RED RIVER HEALTH FACILITIES DEVELOPMENT CORP./MRC THE CROSSINGS (TEXAS): $74.86 million series 2014 retirement facility revenue bonds; negotiated; Ziegler Capital Inc. (lead); proceeds to acquire property and construct 116 independent living apartments for the MRC The Crossings retirement community in League City, Texas.

• $61.86 million series 2014A fixed-rate bonds

• $7.85 million series 2014B-1 tax-exempt mandatory paydown securities

• $4.5 million series 2014B-2 tax-exempt mandatory paydown securities

• $650,000 series 2014C taxable mandatory paydown securities

SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY: $319.3 million series 2014 Apex Power Project revenue bonds (/AA-/AA-); negotiated; Goldman, Sachs & Co. and Ramirez & Co. Inc. (lead); Barclays, BofA Merrill Lynch and RBC Capital Markets LLC (co-managers); proceeds to finance the acquisition of the Apex Power project, as well as to make improvements and repairs to the project.

• $152.52 million series 2014A tax-exempt bonds due 2030 to 2038

• $166.78 million series 2014B taxable bonds due 2015 to 2030

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