Municipal Calendar: New Jersey Turnpike Authority preps $1 billion offering

Week of May 12

DENTON INDEPENDENT SCHOOL DISTRICT (TEXAS): $76,675,000 series 2014A unlimited tax school building bonds; negotiated; J.P. Morgan Securities LLC (lead); Raymond James/Morgan Keegan and Southwest Securities Inc. (co-managers); bonds due 2015 to 2038; proceeds to construct, equip, improve and repair school buildings within the district; pricing week of May 12.

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; pricing week of May 12.

• $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+)

FORT BEND INDEPENDENT SCHOOL DISTRICT (TEXAS): $68.5 million series 2014 unlimited tax refunding bonds; negotiated; Baird & Co. (lead); Citigroup Global Markets Inc., Loop Capital Markets LLC and Raymond James/Morgan Keegan (co-managers); bonds due 2015 to 2017 and 2024 to 2030; proceeds to refund the district's series 2004 school building bonds and its series 2004A school building and refunding bonds; pricing week of May 12.

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; pricing week of May 12.

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; pricing week of May 12.

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; pricing week of May 12.

May 13

JACKSONVILLE ELECTRIC AUTHORITY (FLORIDA): $146,375,000 issue three, series seven St. Johns River Power Park System revenue bonds (Aa2/AA-/AA); negotiated; BofA Merrill Lynch and Citigroup Global Markets Inc. (lead); Barclays; BMO Capital Markets LLC; Goldman, Sachs & Co.; Jefferies & Co.; J.P. Morgan Securities LLC; Loop Capital Markets LLC; Morgan Stanley & Co. LLC; Piper Jaffray & Co.; Raymond James/Morgan Keegan; RBC Capital Markets LLC; U.S. Bancorp Investments Inc.; and Wells Fargo Securities LLC (co-managers); proceeds to refund the authority's issue three, series two St. Johns River Power Park System revenue bonds; pricing 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.

UNIVERSITY OF MASSACHUSETTS BUILDING AUTHORITY: $157,955,000 series 2014-4 taxable refunding revenue bonds (Aa2/AA-/AA); negotiated; Ramirez & Co. Inc. and Wells Fargo Securities LLC (lead); BofA Merrill Lynch, Barclays, Cabrera Capital Markets LLC, Citigroup Global Markets Inc., Drexel Hamilton LLC, Fidelity Capital Markets Inc., J.P. Morgan Securities LLC, Janney Montgomery Scott LLC, Jefferies & Co., Lebenthal & Co. LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Piper Jaffray & Co., Raymond James/Morgan Keegan and Roosevelt & Cross Inc. (co-managers); proceeds to refund the authority's series 2005-2 senior refunding revenue bonds; pricing May 13.

May 14

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; pricing May 14.

NORTH THURSTON PUBLIC SCHOOLS (WASHINGTON): $90,035,000 series 2014 unlimited tax general obligation bonds (Aa2/AA-/); competitive; D.A. Davidson & Co. (financial adviser); bonds due 2015 to 2033; proceeds to construct, renovate, equip and improve district facilities; pricing May 14.

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; pricing May 14.

• $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

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.

Week of May 19

May 20

NEW MEXICO: $199,165,000 series 2014A severance tax bonds; competitive; Fiscal Strategies Group Inc. (financial adviser); bonds due 2015 to 2024; proceeds to finance capital improvements approved by the state legislature; pricing May 20.

May 21

FULTON COUNTY (GEORGIA): $200 million series 2014 general fund tax anticipation notes (/SP-1+/F1+); competitive; Public Financial Management Inc. (financial adviser); notes due Dec. 31, 2014; proceeds to finance the county's capital expenditures for the 2014 calendar year; pricing May 21.

On the Horizon

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.

ILLINOIS FINANCE AUTHORITY/CENTEGRA HEALTH SYSTEM; $134,715,000 series 2014A revenue bonds (/BBB/BBB); negotiated; J.P. Morgan Securities LLC (underwriter); proceeds to reimburse the corporation for the construction and equipment of a new hospital in Huntley, Ill.

MASSACHUSETTS: $60 million series 2014 consolidated loan general obligation MassDirect notes (Aa1/AA+/AA+); negotiated; Citigroup Global Markets Inc. (lead); proceeds to finance capital expenditures for the commonwealth.

• $30 million series 2014-5 notes due June 1, 2017, June 1, 2019 and June 1, 2024

• $30 million series 2014-6 notes due June 1, 2016, June 1, 2018 and June 1, 2023

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

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

NORTH DAKOTA HOUSING FINANCE AGENCY: $77,055,000 series 2014 housing finance program home mortgage bonds; negotiated; RBC Capital Markets LLC and Morgan Stanley & Co. LLC (lead); Raymond James/Morgan Keegan and Isaak Bond Investments Inc. (co-managers); proceeds to purchase mortgage loans.

• $50 million series 2014A non-AMT bonds due 2015 to 2024 with term bonds due in 2027 and 2034

• $27,055,000 series 2014B AMT bonds due July 1, 2044

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.

• $63.81 million series 2014A AMT revenue refunding bonds

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

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 MASSACHUSETTS BUILDING AUTHORITY: $63,865,000 series 2014-3 tax-exempt senior refunding revenue bonds (Aa2/AA-/AA); negotiated; Wells Fargo Securities LLC, Ramirez & Co. Inc. and Jefferies & Co. (lead); BofA Merrill Lynch, Barclays, Cabrera Capital Markets LLC, Citigroup Global Markets Inc., Drexel Hamilton LLC, Fidelity Capital Markets Inc., J.P. Morgan Securities LLC, Janney Montgomery Scott LLC, Lebenthal & Co. Inc., Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan, Roosevelt & Cross Inc. and Piper Jaffray & Co. (co-managers); proceeds to refund the authority's series 2005D revenue bonds issued through the Massachusetts Health and Educational Facilities Authority.

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