Municipal Calendar: Houston to price $1.35 billion of utility system revenue bonds

Week of March 10

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; pricing week of March 10.

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

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

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; pricing week of March 10.

WISCONSIN: $294.82 million series 2014-2 general obligation refunding bonds; negotiated; Morgan Stanley & Co. LLC and Ramirez & Co. Inc. (lead); BNY Mellon Capital Markets, Cabrera Capital Markets LLC, Hilliard Lyons and J.P. Morgan Securities LLC (co-managers); bonds due 2015 to 2034; proceeds to advance and current refund existing state G.O. bonds; pricing week of March 10.

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: $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; pricing March 12.

• $800 million series 2014A tax-exempt bonds

• $30 million series 2014B taxable bonds

FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY (VIRGINIA): $55,955,000 series 2014 Commonwealth of Virginia lease revenue refunding bonds (Aa1/AA+/AA+); competitive; Public Resources Advisory Group (financial adviser); bonds due 2014 to 2022; proceeds to refund, redeem and defease all of the authority's series 2006 lease revenue bonds; pricing March 12.

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; pricing March 12.

• $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

MASSACHUSETTS: $60 million series 2014-1 consolidated loan general obligation bonds; negotiated; Citigroup Global Markets Inc. (lead); bonds due 2016 to 2019 and 2023 to 2024; proceeds to finance various capital projects within the commonwealth.

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

MIAMI-DADE COUNTY (FLORIDA): $158,525,000 series 2014 AMT aviation revenue refunding bonds (A2/A/A); negotiated; Goldman, Sachs & Co. (lead); proceeds to refund existing revenue bonds; pricing March 12.

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; pricing March 12.

• $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

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; pricing March 12.

• $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

SEQUOIA UNION HIGH SCHOOL DISTRICT (CALIFORNIA): $116,975,000 series 2014 general obligation refunding bonds (Aa1/AA/); competitive; Keygent LLC (financial adviser); bonds due 2014 to 2035; proceeds to refund the district's series 2005, 2005B, 2006 and 2008 general obligation bonds; pricing March 12.

March 13

CALIFORNIA: $1.6 billion series 2014 various purpose general obligation bonds (A1/A/A); negotiated; BofA Merrill Lynch and RBC Capital Markets LLC (joint bookrunners); Loop Capital Markets LLC; Academy Securities Inc.; Backstrom McCarley Berry & Co. LLC; Barclays, Blaylock Beal Van LLC; BMO Capital Market GKST Inc.; Cabrera Capital Markets LLC; Citigroup Global Markets Inc.; De La Rosa & Co. Inc.; Fidelity Capital Markets Inc.; Goldman, Sachs & Co.; Great Pacific Securities Inc.; Hutchinson, Shockey, Erley & Co. LLC; J.P. Morgan Securities LLC; Jefferies & Co.; Mischler Financial Group; Mitsubishi UFJ Securities; Morgan Stanley & Co. LLC; O'Connor & Co. Securities Inc.; Prager & Co. LLC; Ramirez & Co. Inc.; Raymond James/Morgan Keegan; Siebert Brandford Shank & Co. LLC; Southwest Securities Inc.; Stifel, Nicolaus & Co. Inc.; Sutter Securities Inc.; U.S. Bancorp Investments Inc.; Wells Fargo Securities LLC; and The Williams Capital Group LP (co-managers); proceeds to fund capital projects, repay commercial paper notes and current and advance refund existing G.O. debt; pricing March 13.

• $900 million series 2014 G.O. bonds

• $700 million series 2014 refunding bonds

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; pricing March 13.

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

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

KERN COMMUNITY COLLEGE DISTRICT (CALIFORNIA): $54 million series 2014B general obligation refunding bonds (/AA+/); negotiated; RBC Capital Markets LLC (lead); proceeds to finance district-wide capital repairs, improvements and safety upgrades, as well as to refund debt; pricing March 13.

• $40 million series 2014B taxable bonds

• $14 million series 2014B tax-exempt bonds

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; pricing March 13.

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

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

Week of March 17

March 18

HOWARD COUNTY (MARYLAND): $142.78 million series 2014 general obligation bonds (Aaa/AAA/AAA); competitive; Public Financial Management Inc. (financial adviser); proceeds to reimburse the county for certain capital projects and refund existing G.O. bonds and notes; pricing March 18.

• $120.42 million series 2014A tax-exempt consolidated public improvement project and refunding bonds due 2015 to 2034

• $1.52 million series 2014B taxable consolidated public improvement bonds due Feb. 15, 2015

• $20.84 million series 2014A metropolitan district project and refunding bonds due 2015 to 2044

NORTH DAVIS SEWER DISTRICT (UTAH): $50 million series 2014 sewer revenue bonds; competitive; George K. Baum & Co. (financial adviser); bonds due 2015 to 2034; proceeds to finance the acquisition, construction and improvement of the sewer system; pricing March 18.

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.

CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/HARTFORD HEALTHCARE: $92,635,000 series 2014E revenue bonds (A2/A/A); negotiated; Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (lead); Morgan Stanley & Co. LLC (co-manager); proceeds to finance capital projects, refinance lines of credit and finance working capital.

HARTFORD HEALTHCARE CORP. (CONNECTICUT): $162,611,000 series 2014D taxable bonds (A2/A/A); negotiated; Citigroup Global Markets Inc. and BofA Merrill Lynch (lead); Wells Fargo Securities LLC (co-manager); bonds due April 1, 2044; proceeds to finance working capital, capital projects, pension costs and routine capital expenditures.

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.

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

ORANGE COUNTY SCHOOL BOARD (FLORIDA): $65.83 million series 2014A certificates of participation (Aa2/AA/); negotiated; J.P. Morgan Securities LLC (lead); BofA Merrill Lynch, Citigroup Global Markets Inc., Jefferies & Co., Loop Capital Markets LLC, Raymond James/Morgan Keegan and Wells Fargo Securities LLC (co-managers); certificates due 2024 to 2029; proceeds to current refund the school board's series 2004A certificates of participation.

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.

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