Municipal Calendar: University of Texas to price $270 million of bonds

Week of March 31

UNIVERSITY OF TEXAS SYSTEM: $270 million series 2014A revenue financing system bonds (Aaa/AAA/AAA); negotiated; Wells Fargo Securities LLC and Piper Jaffray & Co. (lead); Citigroup Global Markets Inc., Estrada Hinojosa & Co. Inc., Fidelity Capital Markets LLC, FirstSouthwest Co., Frost Bank, Ramirez & Co. Inc. and RBC Capital Markets LLC (co-managers); proceeds to finance capital projects for the university as well as to refinance commercial paper notes; pricing week of March 31.

Week of April 7

April 8

VIRGINIA BEACH (VIRGINIA): $89,545,000 series 2014A general obligation improvement bonds (Aaa/AAA/AAA); competitive; Public Resources Advisory Group (financial adviser); bonds due 2015 to 2034; proceeds to finance city and public school improvements; pricing April 8.

April 10

ILLINOIS: $250 million series of April 2014 general obligation bonds; competitive; Public Resources Advisory Group (financial adviser); bonds due 2015 to 2039; proceeds to finance transportation capital projects; pricing April 10.

On the Horizon

ENERGY NORTHWEST (WASHINGTON): $646.5 million series 2014 electric revenue and refunding bonds (Aa1/AA-/AA); negotiated; J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Goldman, Sachs & Co. and BofA Merrill Lynch (underwriters); proceeds to finance capital improvements to the Columbia Generating Station and to refund the corporation's series 2004A, 2004C, 2007A, 2008A, 2009A-B and 2011A revenue bonds.

• $529.8 million series 2014A Columbia Generating Station electric revenue and refunding bonds due 2016 to 2034 with term bond due in 2040

• $26,015,000 series 2014A project 3 electric revenue refunding bonds due 2015

• $90,685,000 series 2014B Columbia Generating Station taxable revenue and refunding bonds due 2015 to 2018 and 2030 to 2032 with term bond due in 2040

INDIANA FINANCE AUTHORITY: $89,715,000 series 2014 state revolving fund program bonds; negotiated; Goldman, Sachs & Co. (lead); BofA Merrill Lynch, Jefferies & Co., PNC Capital Markets LLC and Ramirez & Co. Inc. (co-managers); proceeds to finance loans to eligible local government entities for capital projects and to refund existing debt.

• $18,155,000 series 2014A bonds due Feb. 1, 2015

• $71.56 million series 2014B refunding bonds due 2015 to 2022

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

MASSACHUSETTS HOUSING FINANCE AGENCY: $67,941,172 series 2014A taxable rental development pass-through revenue bonds (Aaa/AA+/); negotiated; Barclays (lead); bonds due Jan. 15, 2046; proceeds to acquire U.S. Treasury obligations.

MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY: $83.93 million series 2014A non-AMT rental housing revenue bonds; negotiated; BofA Merrill Lynch and J.P. Morgan Securities LLC (lead); Barclays and Morgan Stanley & Co. LLC (co-managers); bonds due 2015 to 2024 with term bonds due in 2029, 2034, 2039, 2044 and 2050; proceeds to finance recently originated mortgage loans to construct and rehabilitate rental housing developments.

MICHIGAN STRATEGIC FUND/FACILITY FOR RARE ISOTOPE BEAMS PROJECT AT THE UNIVERSITY OF MICHIGAN: $83,885,000 series 2014 limited obligation revenue bonds (Aa3); negotiated; Citigroup Global Markets Inc. (lead); BMO Capital Markets LLC and PNC Capital Markets LLC (co-managers); bonds due 2015 to 2032; proceeds to fund the community share of the project, which is a national nuclear science facility to be constructed on the University of Michigan campus.

ONONDAGA CIVIC DEVELOPMENT CORP./ST. JOSEPH HOSPITAL HEALTH CENTER (NEW YORK): $69.67 million series 2014A tax-exempt revenue bonds (Ba2/BB/); negotiated; Jefferies & Co. and M&T Securities Inc. (lead); proceeds to finance the construction of a co-generation plant on the hospital's campus, as well as to install other technology and other improvements.

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.

SAN JUAN UNIFIED SCHOOL DISTRICT (CALIFORNIA): $55 million election of 2002 series 2014 general obligation refunding bonds; negotiated; KeyBanc Capital Markets LLC (lead); bonds due 2014 to 2030; proceeds to advance refund the district's series 2007 bonds.

UNIVERSITY OF CONNECTICUT: $220 million series 2014 general obligation bonds (Aa3/AA/AA-); negotiated; Wells Fargo Bank N.A. (lead); Jefferies & Co.; Piper Jaffray & Co.; J.P. Morgan Securities LLC; BofA Merrill Lynch; Blaylock Beal Van LLC; Cabrera Capital Markets LLC; Estrada Hinojosa & Co. Inc.; Fidelity Capital Markets LLC; Goldman, Sachs & Co.; Morgan Stanley & Co. LLC; Ramirez & Co. LLC; Raymond James/Morgan Keegan; RBC Capital Markets LLC; Roosevelt & Cross Inc.; Siebert Brandford Shank & Co. LLC; and U.S. Bancorp Investments Inc. (co-managers); proceeds to finance capital improvements at the university and to refund existing G.O. debt.

• $120 million series 2014A G.O. bonds due 2015 to 2034

• $100 million series 2014B G.O. refunding bonds due 2015 to 2025

YALE UNIVERSITY (CONNECTICUT): $250 million series 2014 medium-term notes; negotiated; Barclays and Goldman, Sachs & Co. (lead); proceeds to repay notes previously issued by the university.

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