E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 10/28/2014 in the Prospect News Municipals Daily.

Municipal Calendar: New York Liberty markets $1.63 billion

Week of October 27

NEW YORK LIBERTY DEVELOPMENT CORP.: $1.63 billion series 2014 3 World Trade Center revenue bonds; negotiated; Goldman Sachs & Co. and J.P. Morgan Securities LLC (lead); Siebert Brandford Shank & Co. LLC and BofA Merrill Lynch (co-managers for class 1 and class 2 bonds); proceeds to finance the completion and construction of Tower 3 of the World Trade Center; pricing week of Oct. 27.

• $1.08 billion class 1 bonds due Nov. 15, 2044

• $300 million class 2 bonds due Nov. 15, 2041

• $250 million class 3 bonds due Nov. 15, 2044

October 29

VIRGINIA PUBLIC SCHOOL AUTHORITY: $82,065,000 of series 2014C school financing bonds (Aa1/AA+/AA+); competitive; Davenport & Co. LLC (financial advisor); serial maturities from 2015 through 2035; proceeds for capital projects; pricing on Oct. 29.

October 30

CARROLL COUNTY (MARYLAND): $74,075,000 of consolidated public improvement and refunding bonds of 2014; competitive; serial maturities from 2015 through 2034; Davenport & Co. LLC (financial advisor); pricing Oct. 30.

Week of November 3

November 5

JOHNSON COUNTY (KANSAS): $62.58 million series 2014 internal improvement bonds; competitive; Springsted Inc. (financial adviser); proceeds to finance capital improvements within the county; pricing Nov. 5.

• $22.32 million series 2014A bonds due 2015 to 2034

• $40.26 million series 2014B refunding bonds due 2018 to 2027

STATE OF ARKANSAS: $206.53 million of series 2014 federal highway grant anticipation and tax general obligation revenue bonds (Aa1/AA/); competitive; Stephens Inc. (financial advisor); due 2015 through 2026; proceeds will be deposited into a program fund; pricing Nov. 5.

November 6

MONTGOMERY COUNTY (MARYLAND): $821,865,000 of general obligation bonds (Aaa/AAA/AAA); competitive; Davenport & Co. LLC (financial advisor); proceeds to finance costs of capital projects, refinance outstanding bond anticipation notes and refund outstanding general obligation bonds; pricing Nov. 6.

• $500 million of series 2014A consolidated public improvement bonds due 2015-2034

• $321,865,000 of series 2014B consolidated public improvement refunding bonds due 2016-2029

On the Horizon

CALIFORNIA EARTHQUAKE AUTHORITY: $350 million series 2014 taxable revenue bonds (A3//A); negotiated; Goldman Sachs & Co. and Stifel, Nicolaus & Co. Inc. (lead); Barclays, Blaylock Beal Van LLC, Drexel Hamilton LLC, Great Pacific Securities, J.P. Morgan Securities LLC, Jefferies & Co., KeyBanc Capital Markets LLC, Mischler Financial Group Inc., Prager & Co. LLC, RBC Capital Markets LLC, Siebert Brandford Shank & Co. LLC and Williams Capital Group LP (co-managers); proceeds to finance earthquake claims.

• $40 million bonds due July 1, 2016

• $60 million bonds due July 1, 2017

• $250 million bonds due July 1, 2019

CHILDREN’S HOSPITAL MEDICAL CENTER: $300 million of taxable bonds due May 15, 2044 (Aa2/AA/); negotiated; J.P. Morgan Securities LLC and Goldman, Sachs & Co. (joint bookrunners); proceeds for corporate purposes.

CURATORS OF UNIVERSITY OF MISSOURI: $150 million offering of series 2014B taxable system facilities revenue bonds (Aa1/AA+/); negotiated; BofA Merrill Lynch (lead); Morgan Stanley & Co. LLC (co-manager); due Nov. 1, 2054; proceeds to be used to acquire, construct, renovate, furnish and equip additions and improvements to facilities.

FLORIDA DEVELOPMENT FINANCE CORP./RENAISSANCE CHARTER SCHOOL INC.: $52.96 million series 2014 educational facilities revenue bonds; negotiated; BB&T Capital Markets (lead); proceeds to finance the construction, acquisition and renovation of charter schools in Duval and Palm Beach counties in Florida.

• $44.78 million series 2014A bonds

• $8.18 million series 2014B taxable bonds

HEALTH AND EDUCATIONAL FACILITIES AUTHORITY FOR STATE OF MISSOURI/MERCY HEALTH: $355 million series 2014F revenue bonds (Aa3/AA-/); negotiated; BofA Merrill Lynch (lead); Barclays, Edward D. Jones & Co., LP and J.P. Morgan Securities LLC (co-managers); proceeds to finance, refinance and reimburse the costs for certain Mercy Health facilities.

ILLINOIS STATE TOLL HIGHWAY AUTHORITY: $400 million of series 2014C toll highway senior revenue bonds; negotiated; Morgan Stanley & Co. LLC and Wells Fargo Securities LLC (lead); Loop Capital Markets; William Blair & Co.; Cabrera Capital Markets, LLC: Mesirow Financial, Inc.; PNC Capital Markets LLC; Raymond James & Associates, Inc.; Williams Capital Group, LP and US Bancorp (co-managers); serial maturities from 2027 through 2039; proceeds to pay a portion of improvement costs for the toll-way system.

INDIANA MUNICIPAL POWER AGENCY: $172.61 million of series 2014A power supply system refunding revenue bonds; negotiated; serial maturities from 2019 through 2032; Citigroup Global Markets Inc. (lead); Barclays, BMO Capital Markets Corp., City Securities Corp., J.P. Morgan Securities LLC, PNC Capital Markets LLC and Wells Fargo Securities LLC (co-managers); proceeds to refund outstanding bonds.

METROPOLITAN DISTRICT, HARTFORD COUNTY (CONNECTICUT): $140 million of series 2014A clean water project revenue bonds (Aa2/AA/); negotiated; J.P. Morgan Securities LLC (lead); Estrada Hinojosa & Co., Inc., Morgan Stanley & Co. LLC, Roosevelt & Cross, Inc. and Siebert Brandford Shank & Co., LLC (co-managers); serial maturities from 2015 through 2037 and a term bond due Nov. 1, 2042; proceeds to fund bond anticipation notes due on Dec. 5, 2014 and to finance the district’s clean water project.

STATE OF CONNECTICUT: Up to $60 million of green bonds; negotiated: J.P. Morgan Securities LLC (bookrunner); proceeds to fund critical wastewater infrastructure projects through the state’s clean water program.

VIRGIN ISLANDS PORT AUTHORITY: $52,155,000 series 2014 marine revenue bonds (/BBB+/); negotiated; Jefferies & Co. (lead); proceeds to finance the construction and improvement of marine terminals, as well as to refund existing bonds.

• $31.89 million series 2014A AMT revenue and refunding bonds

• $15.68 million series 2014B non-AMT revenue refunding bonds

• $4,585,000 series 2014C taxable revenue bonds


© 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.