Municipal Calendar: North Carolina plans $321.05 million general obligation deal

Week of April 14

April 15

FLORENCE COUNTY (SOUTH CAROLINA): $125 million series 2014 general obligation bonds (Aa2/AA-/); competitive; First Tryon Advisors (financial adviser); bonds due 2015 to 2021; proceeds to construct capital improvements for the county; pricing April 15.

JORDAN SCHOOL DISTRICT (UTAH): $106.8 million series 2014 general obligation refunding bonds (Aaa//AAA); competitive; bonds due 2015 to 2022; proceeds to refund existing G.O. bonds; pricing April 15.

April 16

NORTH CAROLINA: $321.05 million series 2014A general obligation refunding bonds (Aaa/AAA/AAA); competitive; Davenport & Co. LLC (financial adviser); bonds due 2015 to 2025; proceeds to refund existing G.O. debt for the state; pricing April 16.

Week of April 21

April 22

CALIFORNIA: $750 million series 2014 various purpose general obligation bonds (A1/A/A); competitive; Public Resources Advisory Group LLC (financial adviser); proceeds to finance capital projects within the state and repay commercial paper; pricing April 22.

• $575 million series 2014 tax-exempt bonds due 2015 to 2032 with term bond due 2044

• $175 million series 2014 taxable bonds due May 1, 2019

On the Horizon

CINCINNATI (OHIO): $112,295,000 series 2014 general obligation bonds (Aa2/AA-/); negotiated; RBC Capital Markets LLC (lead); Fifth Third Securities Inc., Loop Capital Markets LLC and U.S. Bancorp Investments Inc. (co-managers); proceeds to finance street improvements and widening, public building acquisitions and renovations, park improvements and the refunding of existing debt.

• $103.15 million series 2014A unlimited tax various purpose G.O. improvement and refunding bonds due 2015 to 2034

• $2,045,000 series 2014B unlimited tax public buildings improvement G.O. bonds due 2015 to 2029

• $7.1 million series 2014C taxable unlimited tax police and fire pension G.O. refunding bonds due 2015 to 2021

DENVER HEALTH AND HOSPITAL AUTHORITY (COLORADO): $90,195,000 series 2014 health care revenue bonds (/BBB/BBB+); negotiated; Piper Jaffray & Co. and D.A. Davidson & Co. (lead); Loop Capital Markets LLC and Stifel, Nicolaus & Co. LLC (co-managers); proceeds to finance capital improvements to the authority's Southwest Clinic, renovations to the Westside Clinic and improvements to the main campus, all located in Denver.

• $73,205,000 series 2014A bonds due 2028, 2031, 2036 and 2045

• $16.99 million series 2014B taxable bonds due 2016 to 2026

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

LOUISIANA: $121.25 million series 2014A Libor index gasoline and fuels tax second lien revenue refunding bonds (Aa2/AA/AA-); negotiated; Raymond James/Morgan Keegan, Jefferies & Co. and RBC Capital Markets LLC (lead); bonds due May 1, 2043; proceeds to refund existing debt initially used to finance highway and bridge construction projects.

MASSACHUSETTS: $60 million consolidated loan of 2014 MassDirect notes (Aa1/AA+/AA+); negotiated; Citigroup Global Markets Inc. (lead); proceeds to finance capital projects.

• $30 million series 3 notes due May 1, 2017, May 1, 2019 and May 1, 2024

• $30 million series 4 notes due May 1, 2016, May 1, 2018 and May 1, 2023

MASSACHUSETTS BAY TRANSPORTATION AUTHORITY: $200 million series 2014A senior sales tax bonds (Aa2/AAA/); negotiated; Barclays (lead); Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Ramirez & Co. Inc., Fidelity Capital Markets Inc., Loop Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2016 to 2035 with term bonds due in 2039 and 2044; proceeds to finance capital expenditures.

METROPOLITAN TRANSPORTATION AUTHORITY (NEW YORK): $500 million series 2014B transportation revenue bonds; negotiated; Wells Fargo Securities LLC and CastleOak Securities LP (lead); BofA Merrill Lynch; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; J.P. Morgan Securities LLC; Loop Capital Markets LLC; Ramirez & Co. Inc.; RBC Capital Markets LLC; Siebert Brandford Shank & Co. LLC; Barclays; BNY Mellon Capital Markets; Cabrera Capital Markets LLC; Duncan-Williams Inc.; Estrada Hinojosa & Co. Inc.; Fidelity Capital Markets Inc.; Janney Montgomery Scott LLC; M&T Securities Inc.; Mesirow Financial Inc.; Oppenheimer & Co. Inc.; Piper Jaffray & Co.; PNC Capital Markets LLC; Raymond James/Morgan Keegan; Rice Financial Products Co.; Roosevelt & Cross Inc.; Stern Brothers & Co.; Stifel, Nicolaus & Co. Inc.; TD Securities (USA) Inc.; U.S. Bancorp Investment Inc.; and The William Capital Group LP (co-managers); proceeds to finance commuter projects.

MIDTOWN MIAMI COMMUNITY DEVELOPMENT DISTRICT (FLORIDA): $91 million series 2014 special assessment and revenue bonds; negotiated; Citigroup Global Markets Inc. and FMS Bonds Inc. (lead); proceeds to refund the district's series 2004A-B revenue bonds, which were issued to finance the construction of a parking facility, as well as public open space, roadways, water and sewer facilities.

• $65 million series 2014A parking garage project special assessment and revenue refunding bonds

• $26 million series 2014B infrastructure project special assessment refunding bonds

MINNESOTA HOUSING FINANCE AGENCY: $50 million series 2014B residential housing finance program bonds; negotiated; RBC Capital Markets LLC (lead); Piper Jaffray & Co., Wells Fargo Securities LLC and BofA Merrill Lynch (co-managers); bonds due 2015 to 2024 with term bonds due 2027 and 2039; proceeds to finance loans for affordable rental housing units in the state.

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

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.

SCOTTSDALE (ARIZONA): $97.15 million series 2014 general obligation bonds (Aaa/AAA/AAA); negotiated; Morgan Stanley & Co. LLC and Wells Fargo Securities LLC (lead); J.P. Morgan Securities LLC and Wedbush Securities (co-managers); proceeds to acquire and improve land for the McDowell Sonoran Preserve, as well as to refund existing G.O. debt.

• $14 million project of 2004 series 2014 general obligation bonds due 2015 to 2034

• $83.15 million series 2014 general obligation refunding bonds due 2015 to 2023

TEXAS PUBLIC FINANCE AUTHORITY: $700,205,000 series 2014 unemployment compensation obligation assessment revenue refunding bonds (Aaa/AAA/AAA); negotiated; BofA Merrill Lynch and Estrada Hinojosa & Co. Inc. (lead); Citigroup Global Markets Inc.; Goldman, Sachs & Co.; Loop Capital Markets LLC; Morgan Stanley & Co. LLC; Raymond James/Morgan Keegan; RBC Capital Markets LLC; Siebert Brandford Shank & Co. LLC; and Wells Fargo Securities LLC (co-managers); proceeds to refund the authority's series 2010A-B revenue bonds.

• $533,525,000 series 2014A bonds due 2015 to 2018

• $166.68 million series 2014B bonds due July 1, 2018

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