Municipal Calendar: New Mexico coordinates $150 million bond offering

Week of February 16

February 17

NEW MEXICO

• $150 million series 2015 capital projects general obligation bonds

• Competitive

• Fiscal Strategies Group Inc. (financial adviser)

• Bonds due 2016 to 2025

• Proceeds to finance the construction, acquisition and improvement of senior centers, library acquisitions and higher education, special schools and tribal school improvements

• Pricing Feb. 17

February 18

UNIVERSITY SYSTEM OF MARYLAND

• $95,075,000 series 2015A tax-exempt auxiliary facility and tuition revenue refunding bonds (Aa1/AA+/AA+)

• Competitive

• Public Financial Management Inc. (financial adviser)

• Bonds due 2016 to 2028

• Proceeds to refund system’s series 2005A and 2008A auxiliary facility and tuition revenue bonds

• Pricing Feb. 18

On The Horizon

ALASKA MUNICIPAL BOND BANK

• $58,075,000 series 2015-1 general obligation and refunding bonds (/AA+/AA+)

• Negotiated

• RBC Capital Markets LLC and J.P. Morgan Securities LLC (lead)

• Bonds due 2015 to 2034

• Proceeds to make two loans to governmental units for new money purposes and to refund bond bank’s series 2005 G.O. bonds

ATLANTA (GEORGIA)

• $1.25 billion series 2015 water and wastewater revenue refunding bonds (Aa3/AA-/A+)

• Negotiated

• Loop Capital Markets LLC and Goldman Sachs & Co. (lead)

• Barclays, BofA Merrill Lynch, Baird & Co., Mesirow Financial Inc., Blaylock Beal Van LLC and Williams Capital Group LP (co-managers)

• Proceeds to refund city’s series 2001A, 2004 and 2009A water and wastewater revenue bonds

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

FORSYTH COUNTY WATER AND SEWERAGE AUTHORITY (GEORGIA)

• $75,015,000 series 2015 refunding and improvement revenue bonds (Aaa/AAA/)

• Negotiated

• Citigroup Global Markets Inc. (lead)

• Bonds due 2016 to 2037 with term bonds due 2039 and 2044

• Proceeds to finance improvements, extensions and additions to the county’s water and sewer system, as well as to refund a portion of the authority’s series 2005A and 2007 revenue bonds

HAMDEN (CONNECTICUT)

• $125 million series 2015 taxable general obligation bonds (Baa1/A+/BBB+)

• Negotiated

• Raymond James/Morgan Keegan and Piper Jaffray & Co. (lead)

• Bonds due 2015 to 2025 with term bonds due 2030, 2035 and 2044

• Proceeds to make a deposit to the town’s employee retirement fund

HARTFORD STADIUM AUTHORITY (CONNECTICUT)

• $59,825,000 series 2015 lease revenue bonds (/A+/)

• Negotiated

• Jefferies & Co. and William Blair & Co. (lead)

• Proceeds to finance a portion of the cost of a minor league baseball stadium in downtown Hartford

• $37,165,000 series 2015A bonds due 2017 to 2025 with term bonds due 2030, 2035 and 2045

• $22.66 million series 2015B taxable bonds due 2025 and 2042

HOUSTON (TEXAS)

• $127,745,000 series 2015 hotel occupancy tax and special revenue and refunding bonds (A2/A-/)

• Negotiated

• Hutchinson, Shockey, Erley & Co. (lead)

• Piper Jaffray & Co. and Blaylock Beal Van LLC (co-managers)

• Proceeds to refund a portion of the city’s series 2011B HOT bonds and refund the city’s series A HOT and parking revenue flexible rate notes, as well as to replace borrowing capacity under an agreement with Regions Capital Advantage Inc. and Regions Commercial Equipment Finance LLC

INDIANA FINANCE AUTHORITY

• $136.99 million series 2015B state revolving fund green refunding bonds

• Negotiated

• Citigroup Global Markets Inc. and BofA Merrill Lynch (lead)

• George K. Baum & Co., J.J.B. Hilliard, W.L. Lyons LLC and Ramirez & Co. Inc. (co-managers)

• Bonds due 2016 to 2025

• Proceeds to refund authority’s series 2007A-B, 2009A and 2012B revolving fund bonds

JACKSON STATE UNIVERSITY EDUCATIONAL BUILDING CORP. (MISSISSIPPI)

• $69.47 million series 2015 revenue bonds (Aa2//AA)

• Negotiated

• Morgan Stanley & Co. LLC (lead)

• Raymond James/Morgan Keegan and Wells Fargo Securities LLC (co-managers)

• Proceeds to finance capital improvements to the university’s Jackson, Miss., campus, including the acquisition of student housing facilities and to refund the corporation’s series 2006A revenue bonds

• $55,215,000 series 2015A bonds due 2016 to 2035 with term bonds due 2040 and 2045

• $14,255,000 series 2015B taxable bonds due 2016 to 2021

KENTUCKY HIGHER EDUCATION STUDENT LOAN CORP.

• $134,605,000 series 2015-1 student loan asset-backed notes (/AA+(sf)/AAAsf)

• Negotiated

• BofA Merrill Lynch (lead)

• Bonds due Dec. 1, 2031

• Proceeds to finance the acquisition of student loans, to defease all remaining bonds under corporation’s 1997 general bond resolution and repay short-term debt

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

MASSACHUSETTS DEVELOPMENT FINANCE AGENCY/TUFTS UNIVERSITY

• $66,915,000 series 2015Q revenue bonds

• Negotiated

• Barclays (lead)

• Proceeds to finance capital improvements and repairs at Robinson Hall in Medford, Mass., and other capital repairs, as well as to refund university’s series O revenue bonds

MICHIGAN FINANCE AUTHORITY

• $197,535,000 series 2015A local government loan program revenue bonds (/AA-/AA)

• Negotiated

• J.P. Morgan Securities LLC and Loop Capital Markets LLC (lead)

• Bonds due 2016 to 2025

• Proceeds to refund authority’s series 2005A school building and site improvement refunding bonds

MICHIGAN STRATEGIC FUND

• $63,655,000 series 2015 limited obligation revenue bonds (/A+/)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• Goldman Sachs & Co. and Morgan Stanley & Co. LLC (co-managers)

• Proceeds to acquire a condominium unit for state senate offices

• $60,195,000 series 2015A bonds due 2024 to 2035 with term bonds due 2040 and 2047

• $3.46 million series 2015B taxable bonds due 2018 to 2027

NEW MEXICO FINANCE AUTHORITY

• $60,275,000 series 2015A subordinate lien public project revolving fund refunding revenue bonds (Aa2/AA+/)

• Negotiated

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

• Bonds due 2015 to 2035

• Proceeds to refund authority’s series 2005C and 2006A public project revolving fund revenue bonds

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

• $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

OMAHA PUBLIC POWER DISTRICT (NEBRASKA)

• $90.4 million series 2015C electric system revenue bonds (Aa2/AA/)

• Negotiated

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

• Proceeds to refund district’s series 2007A revenue bonds

PALM BEACH COUNTY SCHOOL BOARD (FLORIDA)

• $65.16 million series 2015C certificates of participation (Aa3//AA-)

• Negotiated

• Morgan Stanley & Co. LLC (lead)

• BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers)

• Proceeds to prepay a portion of series 2011A COPs and refund series 2007B COPs

PALM BEACH COUNTY SCHOOL BOARD (FLORIDA)

• $224,515,000 series 2015D certificates of participation (Aa3//AA-)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• BofA Merrill Lynch, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers)

• Bonds due 2015 and 2018 to 2032

• Proceeds to prepay a portion of series 2011A COPs and refund series 2007B COPs

PENNSYLVANIA ECONOMIC DEVELOPMENT AUTHORITY

• $732.02 million series 2015 tax-exempt private activity revenue bonds (/BBB/)

• Negotiated

• J.P. Morgan Securities LLC and Wells Fargo Securities LLC (lead)

• Bonds due 2018 to 2027 with term bonds due 2030, 2034, 2038 and 2042

• Proceeds to fund a portion of the Pennsylvania Rapid Bridge Replacement project

ROUND ROCK INDEPENDENT SCHOOL DISTRICT (TEXAS)

• $75,625,000 series 2015 unlimited tax school building bonds

• Negotiated

• RBC Capital Markets LLC (lead)

• Piper Jaffray & Co. and Siebert Brandford Shank & Co. LLC (co-managers)

• Bonds due 2016 to 2040

• Proceeds to finance the acquisition of school facilities, including technology and buses, as well as to repair, improve, construct and acquire school buildings within the district

SCOTTSDALE (ARIZONA)

• $160,415,000 series 2015 general obligation refunding bonds (Aaa/AAA/AAA)

• Negotiated

• Wells Fargo Securities LLC and Morgan Stanley & Co. LLC (lead)

• Stifel, Nicolaus & Co. Inc. and Wedbush Securities Inc. (co-managers)

• Bonds due 2016 to 2032

• Proceeds to refund city’s series 2005 and 2008 general obligation bonds

SUNRISE (FLORIDA)

• $70,905,000 series 2015 special assessment bonds (/BB/BBB)

• Negotiated

• Citigroup Global Markets Inc. (lead)

• Bonds due 2020, 2025 and 2045

• Proceeds to construct, acquire and design two parking garages and make other capital improvements

TULSA AIRPORTS IMPROVEMENT TRUST (OKLAHOMA)

• $76.36 million series 2015 general airport revenue bonds (Baa1/BBB+/)

• Negotiated

• RBC Capital Markets LLC (lead)

• Piper Jaffray & Co. and Stifel, Nicolaus & Co. Inc. (co-managers)

• Proceeds to construct, acquire, equip and repair an existing parking garage at Tulsa International Airport, as well as to refund the trust’s series 2009B-C airport revenue bonds

• $44,265,000 series 2015A AMT bonds due 2015 to 2035 with term bond due 2045

• $6.68 million series 2015B AMT refunding bonds due 2015 to 2018

• $810,000 series 2015C non-AMT bonds due 2015 to 2035 with term bond due 2045

• $24,605,000 series 2015D non-AMT refunding bonds due 2015 to 2028

UNIVERSITY OF TEXAS SYSTEM

• $200 million series 2015A permanent fund refunding bonds (Aaa/AAA/AAA)

• Negotiated

• Barclays (lead)

• Fidelity Capital Markets Inc., Jefferies & Co., Loop Capital Markets LLC, Mesirow Financial Inc., Piper Jaffray & Co., Ramirez & Co. Inc. and Raymond James/Morgan Keegan (co-managers)

• Proceeds to refund system’s series 2005A-B and 2006C permanent fund bonds

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