Municipal Calendar: Los Angeles college plans $307 million deal

Week of May 27

May 29

LOS ANGELES COMMUNITY COLLEGE DISTRICT (CALIFORNIA): $307 million series 2013 general obligation bonds (/AA/); competitive; KNN Public Finance (financial adviser); proceeds to finance classroom, laboratory and equipment improvements, as well as to refund existing bonds; pricing May 29.

• $250 million election of 2008 series F bonds

• $57 million series 2013 G.O. refunding bonds

MARICOPA COUNTY COMMUNITY COLLEGE DISTRICT (ARIZONA): $151.09 million series 2013 general obligation bonds (Aaa/AAA/AAA); competitive; RBC Capital Markets LLC (financial adviser); bonds due 2014 to 2027; proceeds to make improvements to district facilities; pricing May 29.

May 30

GREENE COUNTY (OHIO): $51,015,000 series 2013 taxable sewer system general obligation refunding bonds (Aa2); competitive; Sudsina & Associates (financial adviser); bonds due 2013 to 2025; proceeds to advance refund the county's series 2005 sewer revenue bonds and its series 2010 sewer G.O. bonds; pricing May 30.

Week of June 3

June 3

VENTURA COUNTY (CALIFORNIA): $140 million series 2013-14 tax and revenue anticipation notes (MIG 1/SP-1+/); competitive; Fieldman, Rolapp & Associates Inc. (financial adviser); notes due July 1, 2014; proceeds to finance capital needs for the county ahead of the collection of taxes and revenues; pricing June 3.

June 4

TEXAS A&M UNIVERSITY: $295.01 million series 2013 revenue financing system bonds (/AAA/AA+); competitive; First Southwest Co. (financial adviser); proceeds to current refund the university's series 2002 and 2003A financing system bonds; pricing June 4.

• $39.4 million series 2013A bonds due 2014 to 2022

• $255.61 million series 2013B bonds due 2014 to 2043

On the Horizon

ASCENSION HEALTH ALLIANCE (MISSOURI): $430 million series 2013A taxable bonds (Aa2/AA+/AA+); negotiated; Morgan Stanley & Co. LLC (lead); Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC (co-managers); proceeds for general corporate purposes.

CLARK COUNTY (NEVADA)/MCCARRAN INTERNATIONAL AIRPORT: $300 million series 2013C airport system junior subordinate revenue notes (A2/MIG 1/A/SP-1+/); negotiated; RBC Capital Markets LLC (lead for 2013C-1); BofA Merrill Lynch (lead for 2013C-2); BofA Merrill Lynch, Citigroup Global Markets Inc. and Siebert Brandford Shank & Co. LLC (co-managers for 2013C-1); Citigroup Global Markets Inc., RBC Capital Markets LLC and Siebert Brandford Shank & Co. (co-managers for 2013C-2); proceeds to finance capital improvements to airport.

• $180 million series 2013C-1 AMT notes due July 1, 2015

• $120 million series 2013C-2 non-AMT notes due July 1, 2014

CLAYTON COUNTY WATER AUTHORITY (GEORGIA): $66,685,000 series 2013 water and sewage revenue refunding bonds (Aa2); negotiated; Raymond James/Morgan Keegan (lead); proceeds to refund the authority's series 2003 and 2004 bonds for a $7.1 million net present value savings or 10.6% of refunded principal with no extension of maturities.

• $17,995,000 series 2013A bonds

• $48.69 million series 2013B taxable bonds

CLEVELAND COUNTY EDUCATIONAL FACILITIES AUTHORITY (OKLAHOMA): $67,995,000 series 2013 educational facilities lease revenue bonds; negotiated; D.A. Davidson & Co. (lead); bonds due 2014 to 2018; proceeds to construct two new elementary schools and a new junior high school, as well as to make repairs and improvements to existing school facilities.

DUTCHESS COUNTY LOCAL DEVELOPMENT CORP./VASSAR COLLEGE (NEW YORK): $85.8 million series 2013A revenue bonds (Aa2/AA-/); negotiated; J.P. Morgan Securities LLC and Goldman, Sachs & Co. (lead); proceeds to finance the construction of a new science building at Vassar, as well as other capital improvements.

HOWARD HUGHES MEDICAL INSTITUTE (MARYLAND): $1.65 billion series 2013A taxable fixed-rate bonds (Aaa/AAA/); negotiated; J.P. Morgan Securities LLC, Goldman, Sachs & Co., Morgan Stanley & Co. LLC and BofA Merrill Lynch (lead); bonds due March 1, 2023; proceeds to fund an account established by the institute to create a reserve for its program spending.

INDIANA BOND BANK: $263.96 million series 2013 taxable school severance funding refunding bonds (/AA+/); negotiated; City Securities Corp. and Raymond James/Morgan Keegan (lead for 2013A); City Securities Corp. (lead for 2013B); proceeds to refund debt.

• $247,535,000 series 2013A bonds due 2013 to 2030

• $16,425,000 series 2013B bonds due 2013 to 2025

IRVINE (CALIFORNIA): $84.1 million series 2013 limited obligation improvement bonds; negotiated; Stifel, Nicolaus & Co. and Piper Jaffray & Co. (lead); bonds due 2014 to 2030; proceeds to refund certain outstanding limited obligation bonds.

LOS ANGELES (CALIFORNIA): $284,535,000 series 2013 wastewater system revenue bonds (Aa2/AA+/AA+); negotiated; Siebert Brandford Shank & Co. LLC and J.P. Morgan Securities LLC (lead); BofA Merrill Lynch, Cabrera Capital Markets LLC and Jefferies & Co. (co-managers); proceeds to finance the construction and improvement of the city's wastewater system, as well as to refund outstanding commercial paper.

• $146.61 million series 2013A bonds

• $137,925,000 series 2013B refunding bonds

LOS ANGELES COUNTY (CALIFORNIA): $1 billion series 2013-14 tax and revenue anticipation notes; negotiated; Goldman, Sachs & Co. and BofA Merrill Lynch (lead); Cabrera Capital Markets LLC, KeyBanc Capital Markets LLC, M.R. Beal & Co. and Ramirez & Co. (co-managers); proceeds to finance capital needs for the county ahead of the collection of taxes and revenues.

• Series A notes due Feb. 28, 2014

• Series B notes due June 30, 2014

LOUISIANA STATE BOND COMMISSION/BIONITROGEN LOUISIANA HOLDINGS LLC: $1.25 billion tax-exempt bonds; proceeds to construct five plants in Point Coupee Parish, La., to convert biomass into urea fertilizer.

MASSACHUSETTS: $1,115,260,000 series 2013 general obligation bonds (Aa1/AA+/AA+); negotiated; BofA Merrill Lynch (lead); Barclays, Citigroup Global Markets Inc., Jefferies & Co., J.P. Morgan Securities LLC, RBC Capital Markets LLC, Wells Fargo Securities LLC, Fidelity Capital Markets LLC, Mesirow Financial Inc., Morgan Stanley & Co. LLC, M.R. Beal & Co., Ramirez & Co. Inc., Raymond James/Morgan Keegan, Siebert Brandford Shank & Co. LLC, Stifel, Nicolaus & Co. Inc., TD Securities (USA) LLC and U.S. Bancorp Investments Inc. (co-managers); proceeds to finance capital projects as part of the commonwealth's five-year plan, as well as to refund existing G.O. debt.

• $640.26 million series 2013B G.O. refunding bonds due 2013 and 2016 to 2025

• $375 million consolidated loan of 2013 series C G.O. bonds due 2039 to 2043

• $100 million consolidated loan of 2013 series D green bonds due 2032

MASSACHUSETTS HOUSING FINANCE AGENCY: $115 million series 2013B non-AMT housing bonds (Aa3); negotiated; Barclays (lead); proceeds to finance mortgage loans for qualified Massachusetts residents.

METROPOLITAN TRANSPORTATION AUTHORITY (NEW YORK): $500 million series 2013C transportation revenue bonds; negotiated; J.P. Morgan Securities LLC and Loop Capital Markets LLC (lead); BofA Merrill Lynch, Barclays, Citigroup Global Markets LLC, Goldman, Sachs & Co., Jefferies & Co., Morgan Stanley & Co. LLC, Ramirez & Co., Siebert Brandford Shank & Co. LLC, Wells Fargo Securities LLC, BB&T Capital Markets Inc., CastleOak Securities LP, Duncan-Williams Inc., Edward D. Jones & Co., Fidelity Capital Markets Inc., FirstSouthwest Co., Lebenthan & Co., M.R. Beal & Co., Piper Jaffray & Co., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Rice Financial Products Co., Roosevelt & Cross Inc., Stifel, Nicolaus & Co. and TD Securities (USA) LLC (co-managers); proceeds to finance transit and commuter projects.

METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA: $145.49 million series 2013 water revenue refunding bonds (Aa1/AAA/AA+); negotiated; Goldman, Sachs & Co. (lead for 2013A, 2013C); De La Rosa & Co. Inc., J.P. Morgan Securities LLC, Loop Capital Markets LLC and US Bancorp Inc. (co-managers for 2013A, 2013C); J.P. Morgan Securities LLC and Loop Capital Markets LLC (lead for 2013B); proceeds to refund existing water revenue bonds.

• $90.46 million series 2013A bonds due 2013 and 2018 to 2021

• $18.7 million series 2013B taxable bonds due 2018

• $13,505,000 series 2013C-1 bonds due 2027

• $14.02 million series 2013C-2 bonds due 2025

• $8,805,000 series 2013C-3 bonds due 2023

MONTGOMERY COUNTY HOUSING OPPORTUNITIES COMMISSION (MARYLAND): $59.17 million series 2013 single family mortgage revenue bonds (Aa2); negotiated; BofA Merrill Lynch (lead); J.P. Morgan Securities LLC, M&T Securities Inc., Morgan Stanley & Co. LLC, PNC Capital Markets LLC and RBC Capital Markets LLC (co-managers); proceeds to finance mortgage loans.

• $39.76 million series 2013A non-AMT bonds due 2017 to 2024 with term bond due in 2031

• $16,225,000 series 2013B non-AMT bonds due 2015 to 2017 with term bonds due in 2033, 2038 and 2043

• $3,185,000 series 2013C AMT bonds due 2014

MOON INDUSTRIAL DEVELOPMENT AUTHORITY (PENNSYLVANIA)/BAPTIST HOMES SOCIETY: $143.49 million series 2013 revenue bonds; negotiated; H.J. Sims & Co. (lead); bonds due 2023, 2033 and 2048; proceeds to refund the authority's series 2007 variable-rate Baptist Homes Society revenue bonds.

OREGON HOUSING AND COMMUNITY SERVICES DEPARTMENT: $108,785,000 series 2013 single-family mortgage bonds; 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 make mortgage loans to qualified Oregon residents.

• $13,405,000 series 2013A non-AMT bonds due 2019 to 2023 with term bonds due in 2028, 2038 and 2043

• $15 million series 2013B AMT bonds due 2014 to 2019 with term bond due in 2034

• $78.38 million series 2013C taxable bonds due 2014 to 2024 with term bond due in 2034

REEDY CREEK IMPROVEMENT DISTRICT (FLORIDA): $54,535,000 series 2013-1 utilities revenue refunding bonds (A1/A/A); negotiated; BofA Merrill Lynch (lead); Morgan Stanley & Co. LLC and Loop Capital Markets LLC (co-managers); bonds due 2013 to 2025; proceeds to refund the district's series 2003-1 and series 2005-1 utilities revenue bonds.

ST. LUCIE COUNTY (FLORIDA): $54,055,000 series 2013 sales tax refunding revenue bonds (A2/A/); negotiated; RBC Capital Markets LLC and Citigroup Global Markets Inc. (lead); proceeds to refund the county's series 2003 revenue bonds.

• $44,895,000 series 2013A bonds due 2013 to 2033

• $9.16 million series 2013B bonds due 2013 to 2025

VIRGINIA RESOURCES AUTHORITY: $155.62 million series 2013 clean water state revolving fund revenue refunding bonds (Aaa/AAA/AAA); negotiated; Jefferies & Co. (lead); BofA Merrill Lynch, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and TD Securities (USA) LLC (co-managers); bonds due 2013 and 2018 to 2029; proceeds to refund the authority's series 2007 bonds.

WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/ASCENSION HEALTH ALLIANCE SENIOR CREDIT GROUP: $600 million series 2013 revenue bonds (Aa2/AA+/AA+); negotiated; Morgan Stanley & Co. LLC (lead); Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC (co-managers); proceeds to refinance debt for Marian Health System, Via Christi Health, Ministry Health Care and St. John Health Care and their affiliates.

• $100 million series 2013A bonds

• $500 million series 2013B bonds

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