Municipal Calendar: Louisiana organizes $459.64 million bond offering

Week of January 19

CHARLES STARK DRAPER LABORATORY INC. (MASSACHUSETTS)

• $50 million series 2015 taxable bonds (Aa3)

• Negotiated

• J.P. Morgan Securities LLC and Citigroup Global Markets Inc. (lead)

• Proceeds to refund the laboratory’s series 2008 revenue bonds issued through the Massachusetts Development Finance Agency

• Pricing week of Jan. 19

LOUISIANA

• $459.64 million series 2015 gasoline and fuels tax revenue refunding bonds

• Negotiated

• Citigroup Global Markets Inc. (lead)

• BofA Merrill Lynch, Loop Capital Markets LLC and Raymond James/Morgan Keegan (co-managers)

• Proceeds to refund existing debt

• Pricing week of Jan. 19

PARTNERS HEALTHCARE SYSTEM INC. (MASSACHUSETTS)

• $250 million series 2015 taxable bonds (Aa3/AA/AA)

• Negotiated

• J.P. Morgan Securities LLP (lead)

• BofA Merrill Lynch, Barclays and Wells Fargo Securities LLC (co-managers)

• Proceeds for general corporate purposes

• Pricing week of Jan. 19

PASADENA INDEPENDENT SCHOOL DISTRICT (TEXAS)

• $61,815,000 series 2015A unlimited tax school building bonds (Aaa/AAA/)

• Negotiated

• Piper Jaffray & Co. and RBC Capital Markets LLC (lead)

• George K. Baum & Co. and Coastal Securities Inc. (co-managers)

• Proceeds to finance the construction, equipment, acquisition and renovation of school buildings in the district

• Pricing week of Jan. 19

QUEEN’S HEALTH SYSTEMS (HAWAII)

• $283.61 million series 2015 revenue bonds (A1/AA-)

• Negotiated

• J.P. Morgan Securities LLC and BofA Merrill Lynch (lead)

• Stifel, Nicolaus & Co. LLC (co-manager)

• Proceeds to finance the improvement and renovation of health system facilities and prepayment of commercial paper notes, as well as for general corporate purposes

• Pricing week of Jan. 19

• $178,535,000 series 2015A revenue bonds

• $105,075,000 series 2015D taxable bonds

WACO (TEXAS)

• $90.36 million series 2015 general obligation refunding bond and certificates of obligation (/AA/)

• Negotiated

• RBC Capital Markets LLC (lead)

• Citigroup Global Markets Inc. and Raymond James/Morgan Keegan (co-managers)

• Proceeds to refund city’s series 2006 certificates, 2007 certificates and 2007 G.O. bonds.

• Pricing week of Jan. 19

• $78.09 million series 2015 general obligation refunding bonds due 2016 to 2036

• $12.27 million series 2015 combination tax and revenue certificates of obligation due 2016 to 2035

January 21

Week of January 26

January 28

UNIVERSITY OF ILLINOIS

• $96.55 million series 2015A auxiliary facilities system refunding revenue bonds (Aa3/AA-/)

• Competitive

• Public Financial Management Inc. (financial adviser)

• Bonds due 2016 to 2038

• Proceeds to refund existing bonds

• Pricing Jan. 28

January 29

NASSAU COUNTY (NEW YORK)

• $85,975,000 series 2015 bonds and notes

• Negotiated/Competitive

• J.P. Morgan Securities LLC (sole for bond anticipation notes)

• Public Financial Management Inc. (financial adviser for bonds)

• Proceeds to finance capital expenditures

• Pricing Jan. 29

• $33.14 million series 2015 general improvement bonds (A2/A+/A) due 2015 to 2033

• $25.67 million series 2015A bond anticipation notes (/SP-1+/F1) due June 15, 2015

• $27,165,000 series 2015B bond anticipation notes (/SP-1+/F1) due June 15, 2016

TULSA (OKLAHOMA)

• $70 million series 2015 general obligation bonds

• Competitive

• Bonds due 2017 to 2040

• Proceeds to finance street and bridge replacements and improvements

• Pricing Jan. 29

Week of February 2

February 3

NEVADA SYSTEM OF HIGHER EDUCATION

• $68.38 million series 2015 universities revenue bonds

• Competitive

• JNA Consulting Group LLC (financial adviser)

• Proceeds to construct or acquire capital facilities for the University of Nevada at Reno and the University of Nevada at Las Vegas

• Pricing Feb. 3

• $60,825,000 series 2015A bonds due 2019 to 2035

• $7,555,000 series 2015B taxable bonds due 2017 to 2026

On The Horizon

COLBY COLLEGE (MAINE)

• $100 million series 2015 taxable bonds (Aa2/AA/)

• Negotiated

• Barclays (sole)

• Proceeds for general corporate purposes

EAST BAY MUNICIPAL UTILITY DISTRICT (CALIFORNIA)

• $442 million series 2015A water system revenue refunding bonds (Aa1/AAA/AA+)

• Negotiated

• J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC (lead)

• BofA Merrill Lynch, RBC Capital Markets LLC and U.S. Bancorp Investments Inc. (co-managers)

• Proceeds to refund outstanding district debt

EAST BAY MUNICIPAL UTILITY DISTRICT (CALIFORNIA)

• $70 million series 2015 wastewater system revenue refunding bonds (Aa2/AAA/AA+)

• Negotiated

• Siebert Brandford Shank & Co. LLC (lead)

• Stifel, Nicolaus & Co. Inc. and Wells Fargo Securities LLC (co-managers)

• Proceeds to refund existing wastewater debt

INDIANA BOND BANK

• $77,105,000 series 2015A advance funding program notes (/SP-1/)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• Notes due Jan. 5, 2016

• Proceeds to finance capital projects for qualified political subdivisions

KATY INDEPENDENT SCHOOL DISTRICT (TEXAS)

• $209.51 million series 2015 unlimited tax bonds (Aa1//AA)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• George K. Baum & co., Edward D. Jones & Co. LP, Fidelity Capital Markets LLC, BOSC Inc., Goldman Sachs & Co. and Oppenheimer & Co. (co-managers)

• Proceeds to finance the construction of school buildings in the district and to refund existing district debt

• $151,975,000 series 2015A school building bonds due 2015 to 2036

• $57,535,000 series 2015B refunding bonds due 2015 to 2036

KENTUCKY STATE PROPERTY AND BUILDINGS COMMISSION

• $385,155,000 series 2015 revenue bonds (Aa3/A+/)

• Negotiated

• Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC (lead)

• J.J.B. Hilliard, W.L. Lyons LLC, Raymond James/Morgan Keegan, PNC Capital Markets LLC, First Kentucky Securities Corp., Edward D. Jones & Co. LP, Fifth Third Securities and Sterne, Agee & Leach Inc. (co-managers)

• Proceeds to refund commission’s series 2005 Kentucky Asset/Liability Commission project notes

• $128.45 million series 2015A Project No. 108 revenue bonds due 2015 to 2034

• $256,705,000 series 2015B Project No. 108 revenue refunding bonds due 2015 to 2026

LAKE COUNTY SCHOOL BOARD (FLORIDA)

• $56.17 million series 2015B certificates of participation (/A/A+)

• Negotiated

• Citigroup Global Markets Inc. (lead)

• J.P. Morgan Securities LLC and Raymond James/Morgan Keegan (co-managers)

• COPs due 2017 to 2031

• Proceeds to refund the board’s series 2006A certificates

LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY/ST. JAMES PLACE AT BATON ROUGE

• $62.5 million series 2015 health care facilities revenue refunding bonds

• Negotiated

• Ziegler and Co. Inc. (sole)

• Proceeds to refund authority’s series 2007 revenue bonds and terminate a related swap agreement

• $59,955,000 series 2015A bonds

• $2,545,000 series 2015B bonds

MARYLAND HEALTH AND HIGHER EDUCATION FACILITIES AUTHORITY/MEDSTAR HEALTH INC.

• $230.35 million series 2015 revenue bonds (A2/A-/A)

• Negotiated

• J.P. Morgan Securities LLC and BofA Merrill Lynch (lead)

• Citigroup Global Markets Inc., Loop Capital Markets LLC, RBC Capital Markets LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC (co-managers)

• Proceeds to refund the system’s series 1998B-C, 2004 and 2007 revenue bonds

MEDSTAR HEALTH INC. (MARYLAND)

• $103 million series 2015 revenue bonds (A2/A-/A)

• Negotiated

• J.P. Morgan Securities LLC and BofA Merrill Lynch (lead)

• Citigroup Global Markets Inc., Loop Capital Markets LLC, RBC Capital Markets LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC (co-managers)

• Bonds due 2016 to 2031

• Proceeds to finance and refinance the acquisition and renovation of ambulatory care facilities and other capital projects

METROPOLITAN MUSEUM OF ART (NEW YORK)

• $250 million series 2015 taxable bonds (Aaa/AAA/)

• Negotiated

• Morgan Stanley & Co. LLC and Barclays (lead)

• BofA Merrill Lynch (co-manager)

• Bonds due July 1, 2045

• Proceeds to finance various capital projects, including renovations to the skylight and electrical system

NEW YORK-PRESBYTERIAN HOSPITAL (NEW YORK)

• $750 million series 2015 taxable bonds (Aa3//AA)

• Negotiated

• Goldman Sachs & Co. (sole)

• Proceeds for eligible corporate purposes

OHIO

• $189.66 million series 2015 general obligation bonds (Aa1/AA+/AA+)

• Competitive

• Acacia Financial Group Inc. (financial adviser)

• Proceeds to refund existing G.O. debt

• Pricing week of Jan. 5

• $74.31 million series 2015A common schools refunding G.O. bonds due 2015 and 2024 to 2026

• $28.98 million series 2015A higher education refunding G.O. bonds due 2020 to 2025

• $74,365,000 series 2015A infrastructure improvement refunding G.O. bonds due 2020 to 2025

• $12,005,000 series 2015A conservation project refunding G.O. bonds due 2020 to 2022

POCONO MOUNTAINS INDUSTRIAL PARK AUTHORITY/ST. LUKE’S HOSPITAL (PENNSYLVANIA)

• $75 million series 2015 hospital revenue bonds (A3/A-/)

• Negotiated

• BofA Merrill Lynch and Lancaster Pollard & Co. (lead)

• Proceeds to acquire real property in Stroud Township, Monroe County, Pa., for the construction of SLM Hospital, as well as the equipment and furnishing of the hospital

QUEEN’S HEALTH SYSTEMS (HAWAII)

• $119,675,000 series 2015 special revenue bonds (A1/P-1/AA-/A-1+/)

• Negotiated

• J.P. Morgan Securities LLC (underwriter for 2015B)

• BofA Merrill Lynch (underwriter for 2015C)

• Proceeds to refinance the health system’s series 2003A-B, 2006A-B and 2009A-B revenue bonds

• $59.84 million series 2015B bonds

• $59,835,000 series 2015C bonds

TEMECULA VALLEY UNIFIED SCHOOL DISTRICT FINANCING AUTHORITY (CALIFORNIA)

• $56,235,000 series 2015 special tax revenue bonds (/BBB/)

• Negotiated

• Stifel, Nicolaus & Co. Inc. (sole)

• Bonds due 2015 to 2023 with term bond due in 2040

• Proceeds to finance projects for eligible school facilities

UTAH TRANSIT AUTHORITY

• $831.64 million series 2015 revenue refunding bonds (Aa2)

• Negotiated

• Morgan Stanley & Co. LLC (lead)

• Goldman Sachs & Co. and Wells Fargo Securities LLC (co-managers)

• Proceeds to refund authority’s series 2007A, 2008A, 2009A and 2012A revenue bonds initially issued for capital projects

• $639.43 million series 2015A sales tax revenue refunding bonds due 2020 to 2021 and 2023 to 2035 with term bond due 2038

• $192.21 million series 2015B subordinated sales tax revenue refunding bonds due 2020 to 2035 with term bond due 2037

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