Municipal Calendar: Carnegie Institution plans $50 million taxable offering

Week of May 5

CARNEGIE INSTITUTION OF WASHINGTON: $50 million series 2014 taxable bonds (Aa1/AA+/); negotiated; Barclays (lead); bonds due July 1, 2054; proceeds for general capital needs and corporate purposes; pricing week of May 5.

POLLUTION CONTROL FINANCING AUTHORITY OF GLOUCESTER COUNTY (NEW JERSEY): $66,795,000 series 2014 pollution control revenue refunding bonds; negotiated; Morgan Stanley & Co. LLC (lead); proceeds to refund authority's series 1992 revenue bonds; pricing week of May 5.

• $63.81 million series 2014A AMT revenue refunding bonds

• $2,985,000 series 2014B taxable pollution revenue bonds due Dec. 1, 2019

Week of May 12

May 13

OHIO DEPARTMENT OF ADMINISTRATIVE SERVICES: $64.75 million series 2014A refunding certificates of participation (Aa2/AA/); competitive; COPs due 2015 to 2018; proceeds to refund existing COPs; pricing May 13.

May 14

UNIVERSITY OF CINCINNATI (OHIO): $92.15 million series 2014B general receipts bonds (Aa3/AA-/); competitive; Public Financial Management Inc. (financial adviser); proceeds to finance the installation of a new student information system, complete a roof replacement, make improvements to the university's teaching college and refund its series 2004A and 2006A general receipts bonds; pricing May 14.

On the Horizon

CAMINO REAL REGIONAL MOBILITY AUTHORITY (TEXAS): $66.1 million series 2014 senior lien vehicle registration fee revenue bonds (/AA-/); negotiated; BofA Merrill Lynch (lead); Estrada Hinojosa & Co. Inc., Ramirez & Co. Inc. and Raymond James/Morgan Keegan (co-managers); proceeds to finance long-term transportation project.

DALLAS AND FORT WORTH (TEXAS)/DALLAS/FORT WORTH INTERNATIONAL AIRPORT: $192.16 million series 2014B AMT joint revenue improvement bonds (/A+/A); negotiated; Raymond James/Morgan Keegan and Cabrera Capital Markets LLC (lead); Loop Capital Markets LLC and Morgan Stanley & Co. LLC (co-managers); bonds due 2021 to 2034 with term bonds due 2039 and 2045; proceeds to finance improvements and expansions to the airport.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $198,495,000 series 2014 school districts revenue bond financing program revenue bonds; negotiated; RBC Capital Markets LLC and Jefferies & Co. (lead); Blaylock Robert Van LLC, Fidelity Capital Markets Inc., KeyBanc Capital Markets Inc., Mesirow Financial Inc., Morgan Stanley & Co. LLC, Oppenheimer & Co. Inc., Ramirez & Co. Inc., Raymond James/Morgan Keegan and Roosevelt & Cross Inc.; proceeds to finance capital improvements and equipment for school districts within the state.

• $153,655,000 series 2014A bonds (/A+/A+)

• $6.68 million series 2014B bonds (Aa3//A+)

• $28,995,000 series 2014C bonds (/AA/A+)

• $9,165,000 series 2014D bonds (Aa2//A+)

MASSACHUSETTS EDUCATIONAL FINANCING AUTHORITY: $184.8 million series 2014 AMT education loan revenue bonds (/AA(sf)/); negotiated; Morgan Stanley & Co. LLC (lead); BofA Merrill Lynch and J.P. Morgan Securities LLC (co-managers); proceeds to finance education loans.

MISSOURI HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/LUTHERAN SENIOR SERVICES: $82.4 million series 2014A senior living facilities revenue bonds (//BBB+); negotiated; Ziegler Inc. (lead); bonds due 2015 to 2026; proceeds to make a loan to Lutheran Senior Services for the construction and equipment of new senior living facilities, as well as to refund the authority's series 2004 and 2008 revenue bonds.

MISSOURI HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/SSM HEALTH CARE: $300 million series 2014 health facilities variable-rate revenue bonds (/A+/A-1/AA-/F1+); negotiated; Citigroup Global Markets Inc. (for 2014B-E bonds), Goldman, Sachs & Co. (for 2014B-C bonds), Wells Fargo Securities LLC (for 2014F-G bonds) and Barclays (for 201G bonds); proceeds to finance capital improvements and restructure existing debt for the health care system.

• $50 million series 2014B bonds due June 1, 2041

• $50 million series 2014C bonds due June 1, 2041

• $50 million series 2014D bonds due June 1, 2044

• $50 million series 2014E bonds due June 1, 2044

• $50 million series 2014F bonds due June 1, 2044

• $50 million series 2014G bonds due June 1, 2044

NASSAU COUNTY LOCAL ECONOMIC ASSISTANCE CORP. (NEW YORK)/CATHOLIC HEALTH SERVICES OF LONG ISLAND: $79.23 million series 2014 revenue bonds (//BBB+); negotiated; Morgan Stanley & Co. LLC and Goldman, Sachs & Co. (lead); proceeds to refund the corporation's series 2004 revenue bonds for St. Francis Hospital.

NEW JERSEY TURNPIKE AUTHORITY: $1 billion series 2014A turnpike revenue bonds (A3/A+/A); negotiated; Goldman, Sachs & Co. (lead); BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Fidelity Capital Markets LLC, Stifel, Nicolaus & Co. Inc., U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC (co-managers); bonds due 2027 to 2035; proceeds to make capital improvements to the turnpike system as part of the authority's 10-year program.

NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY: $200 million series 2014D adjustable-rate future tax secured tax-exempt subordinate bonds (Aa1/VMIG 1/AAA/A-1/AAA/F1); negotiated; BMO Capital Markets LLC (lead for 2014D-3) and PNC Capital Markets LLC (lead for 2014D-4); proceeds to finance general city capital expenditures.

• $100 million series 2014D-3 bonds due Feb. 1, 2044

• $100 million series 2014D-4 bonds due Feb. 1, 2044

OREGON HOUSING AND COMMUNITY SERVICES DEPARTMENT: $87.83 million series 2014 single-family mortgage program mortgage revenue bonds (Aa2); negotiated; J.P. Morgan Securities LLC and BofA Merrill Lynch (lead); Fidelity Capital Markets LLC, Morgan Stanley & Co. LLC, Piper Jaffray & Co. and Wells Fargo Securities LLC (co-managers); proceeds to purchase mortgage loans.

• $57.71 million series 2014A non-AMT bonds due 2019 to 2025 with term bonds due in 2029, 2033 and 2044

• $30.12 million series 2014B AMT bonds due 2015 to 2019 with term bond due in 2044

POLLUTION CONTROL FINANCING AUTHORITY OF SALEM COUNTY (NEW JERSEY): $118,865,000 series 2014 pollution control revenue refunding bonds; negotiated; Morgan Stanley & Co. LLC (lead); proceeds to refund the authority's series 1991 New Jersey Economic Development Authority revenue bonds.

• $113.64 million series 2014A AMT revenue refunding bonds

• $5,225,000 series 2014B taxable pollution control revenue bonds due Dec. 1, 2019

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 MISSOURI: $289,135,000 series 2014A system facilities revenue bonds (Aa1/AA+/); negotiated; Morgan Stanley & Co. LLC and BofA Merrill Lynch (lead); Backstrom McCarley Berry & Co. LLC, D.A. Davidson & Co. LLC and Wells Fargo Securities LLC (co-managers); bonds due 2037; proceeds to refund the university's series 2007A bonds and repay commercial paper notes.

WHITE SETTLEMENT INDEPENDENT SCHOOL DISTRICT (TEXAS): $50,317,169.65 series 2014 unlimited tax refunding bonds; negotiated; BOSC Inc. (lead); Baird & Co. and Raymond James/Morgan Keegan (co-managers); bonds due 2015 to 2045; proceeds to refund debt.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.