Municipal Calendar: California offers $1.2 billion G.O. bonds

Week of November 3

November 13

STATE OF CALIFORNIA: $1,204,325,000 of various purpose general obligation bonds (Aa3/A/A); competitive; Public Resources Advisory Group (financial advisor); proceeds to fund projects and pay outstanding taxable general obligation commercial paper notes; pricing on Nov. 13.

• $270 million of federally taxable general obligation bonds

• $304,325,000 of tax-exempt general obligation refunding bonds

• $630 million of tax-exempt general obligation bonds

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

CHATTANOOGA-HAMILTON COUNTY HOSPITAL AUTHORITY/ERLANGER HEALTH SYSTEM: $148.43 million of series 2014A hospital revenue and refunding bonds (Baa2//BBB); negotiated; Barclays and FTN Financial Capital Markets; proceeds to finance the acquisition, construction and equipping of hospital facilities and to refund maturities from the outstanding Erlanger Health series 1997A revenue bonds, series 1998A revenue bonds, series 2000 revenue refunding bonds and series 2004 revenue refunding bonds.

NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY: $375 million of fiscal 2015 series EE water and sewer system second general resolution revenue bonds; negotiated; Ramirez & Co., Inc. (lead); Barclays; Citigroup Global Markets Inc.; Raymond James & Associates, Inc.; BofA Merrill Lynch; Fidelity Capital Markets LLC; Goldman, Sachs & Co.; Jefferies & Co.; J.P. Morgan Securities LLC; Loop Capital Markets, LLC; Morgan Stanley & Co. LLC; RBC Capital Markets LLC; Rice Financial Products Co.; Roosevelt & Cross Inc.; Siebert Brandford Shank & Co., LLC; TD Securities Inc.; US Bancorp; Wells Fargo Securities LLC; BMO Capital Markets Corp.; Cabrera Capital Markets, LLC; CastleOak Securities, LP; Lebenthal & Co., LLC; Northern Trust and Williams Capital Group, L.P. (co-managers); proceeds to redeem outstanding bonds and for a construction fund.

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.

MISSOURI JOINT MUNICIPAL ELECTRIC UTILITY COMMISSION/PLUM POINT ENERGY STATION: $193.7 million of series 2014A power project revenue refunding bonds; negotiated; Wells Fargo Securities LLC and J.P. Morgan Securities LLC (lead); BofA Merrill Lynch, BMO Capital Markets Corp., Barclays and Goldman, Sachs & Co. (co-managers); proceeds to refund a portion of outstanding series 2006 bonds.

NORTH TEXAS TOLLWAY AUTHORITY: $499,535,000 of series 2014 system revenue refunding bonds; negotiated; BofA Merrill Lynch and Barclays (lead); Estrada Hinojosa & Co., Inc. and J.P. Morgan Securities LLC (co-managers); proceeds to refund a portion of the authority’s series 2008A North Texas Tollway Authority system first tier current interest revenue refunding bonds and a portion of the outstanding series 2008F second tier revenue refunding bonds and to fund a debt service reserve fund.

• $350,475,000 of series 2014A first tier bonds (A2/A-/) due 2019 through 2025

• $149.06 million of series 2014B second tier bonds (A3/BBB+/) due 2030 and 2031

OHIO UNIVERSITY: $250 million of 100-year series 2014 general receipts bonds (Aa3/A+/); negotiated; Barclays (led); Goldman, Sachs & Co. (co-senior); due Dec 1, 2114; proceeds to pay a portion of costs of projects that include construction and upgrades to university facilities.

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.

STATE OF HAWAII: $150 million of Department of Business, Economic Development and Tourism green energy market securitization bonds (Aaa/AAA/AAA); negotiated; Goldman, Sachs & Co. and Citigroup Global Markets Inc.; proceeds for environmentally beneficial projects.

• $50 million of series 2014A bonds due July 1, 2022

• $100 million of series A-2 notes due Jan. 1, 2029

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

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