Municipal Calendar: California coordinates $1.9 billion bond offering

Week of March 2

CALIFORNIA

• $1.9 billion series 2015 various purpose general obligation bonds (Aa3/A+/)

• Negotiated

• BofA Merrill Lynch and Morgan Stanley & Co. (senior managers) and Fidelity Capital Markets Inc. (co-senior manager)

• Academy Securities Inc., Great Pacific Securities, Baird & Co., Alamo Capital, J.P. Morgan Securities LLC, Siebert Brandford Shank & Co. LLC, Blaylock Beal Van LLC, Jefferies & Co., Southwest Securities LLC, BMO Capital Markets LLC, Mischler Financial Group, Stifel, Nicolaus & Co., Citigroup Global Markets Inc., Oppenheimer & Co. Inc., U.S. Bancorp Investments Inc., Drexel Hamilton LLC, Piper Jaffray & Co., Wedbush Securities Inc., First Southwest Co., Ramirez & Co. Inc., Wells Fargo Securities LLC, Goldman, Sachs & Co., RBC Capital Markets LLC and William Blair & Co. (co-managers)

• Proceeds to finance capital projects, as well as to repay commercial paper notes

• Pricing week of March 2

• $790 million series 2015 G.O. bonds

• $1.11 billion series 2015 G.O. refunding bonds

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

• Pricing week of March 2

• $59,955,000 series 2015A bonds

• $2,545,000 series 2015B bonds

March 4

CLARK COUNTY/LAS VEGAS CONVENTION AND VISITORS AUTHORITY (NEVADA)

• $182,425,000 series 2015A refunding bonds (Aa1/AA/)

• Competitive

• JNA Consulting Group (financial adviser)

• Bonds due 2016 to 2044

• Proceeds to refund county’s series 2005, 2007 and 2014 revenue bonds

• Pricing March 4

LOS ANGELES DEPARTMENT OF WATER AND POWER

• $495 million series 2015A power supply revenue bonds (Aa3/AA-/AA-)

• Negotiated

• BofA Merrill Lynch and Barclays (lead)

• BMO Capital Markets LLC, Cabrera Capital Markets LLC, Loop Capital Markets LLC, Ramirez & Co. Inc., U.S. Bancorp Investments Inc. and The Williams Capital Group LP (co-managers)

• Bonds due 2028 to 2040

• Proceeds to refund department’s series 2005A power supply revenue bonds

• Pricing March 4

LUBBOCK-COOPER INDEPENDENT SCHOOL DISTRICT (TEXAS)

• $62,009,973.20 series 2015 unlimited tax refunding bonds

• Negotiated

• Wells Fargo Securities LLC (lead)

• Morgan Stanley & Co. LLC, Wells Fargo Securities LLC, Frost Bank and Jefferies & Co. (co-managers)

• Bonds due 2018 and 2028 to 2035

• Proceeds to refund district’s series 2007 and 2008 unlimited tax schoolhouse and refunding bonds

• Pricing March 4

MAINE TURNPIKE AUTHORITY

• $130 million series 2015 turnpike revenue refunding bonds (Aa3/AA-/AA-)

• Negotiated

• BofA Merrill Lynch and RBC Capital Markets LLC (lead)

• J.P. Morgan Securities LLC, Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC (co-managers)

• Bonds due 2016 to 2038

• Proceeds to refund authority’s series 2005, 2007 and 2009 turnpike revenue bonds

• Pricing March 4

MARYLAND

• $921,995,000 series 2015 state and local facilities general obligation bonds (Aaa/AAA/AAA)

• Competitive

• Public Financial Management Inc. (financial adviser)

• Proceeds to finance the acquisition of state facilities; make capital grants to local governments for public schools, community colleges and jails and correctional facilities; provide matching loans and grants to local governments, nonprofits and other entities for hospitals, cultural projects and other projects; and to refund outstanding G.O. debt

• $518 million series 2015A bonds due 2018 to 2030

• $403,995,000 series 2015B refunding bonds due 2015 and 2020 to 2025

• Pricing March 4

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

• Pricing March 4

March 5

GOOSE CREEK CONSOLIDATED INDEPENDENT SCHOOL DISTRICT (TEXAS)

• $109,685,000 series 2015 unlimited tax school building and refunding bonds

• Negotiated

• RBC Capital Markets LLC (lead)

• Wells Fargo Securities LLC, First Southwest Co., Raymond James/Morgan Keegan, Loop Capital Markets LLC and Coastal Securities Inc. (co-managers)

• Bonds due 2016 to 2041

• Proceeds to finance the construction, equipment and acquisition of school facilities and properties, as well as to refund existing school bonds

• Pricing March 5

Week of March 30

ILLINOIS MUNICIPAL ELECTRIC AGENCY

• $590 million series 2015 tax-exempt bonds

• Negotiated

• Citigroup Global Markets Inc. (lead)

• J.P. Morgan Securities LLC, BMO Capital Markets LLC and PNC Capital Markets (co-managers)

• Proceeds to refund all or portion of agency’s series 2006 and 2007A bonds

• Pricing week of March 30

On The Horizon

ARKANSAS DEVELOPMENT FINANCE AUTHORITY/BAPTIST MEMORIAL HEALTH CARE CORP.

• $300 million series 2015B health care revenue bonds

• Negotiated

• BofA Merrill Lynch (sole)

• Proceeds to finance the construction of a new hospital in Jonesboro, Ark., as well as to refund commercial paper notes

• $150 million series 2015B1 term rate bonds

• $100 million series 2015B2 index rate bonds

• $50 million series 2015B3 floating rate bonds

LOUISIANA PUBLIC FACILITIES AUTHORITY/FRANCISCAN MISSIONARIES OF OUR LADY HEALTH SYSTEM

• $181.21 million series 2015A hospital revenue refunding bonds (A2/A+/)

• Negotiated

• Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC (lead)

• Bonds due 2016 to 2036 with term bond due 2039

• Proceeds to refund the authority’s series 2005A and 2009A revenue bonds issued for the health system

MACOMB COUNTY (MICHIGAN)

• $263,755,000 series 2015 taxable retirees health care limited tax general obligation bonds (Aa1/AA+/)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• Citigroup Global Markets Inc. and Stifel, Nicolaus & Co. Inc. (co-managers)

• Bonds due 2015 to 2030 with term bond due 2037

• Proceeds to defray costs of county retiree health benefits

MIAMI-DADE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/NCCD – BISCAYNE PROPERTIES LLC (FLORIDA)

• $55.98 million series 2015 industrial development revenue bonds (Baa3)

• Negotiated

• Raymond James/Morgan Keegan (sole)

• Proceeds to construct, equip, furnish and acquire student housing and a parking facility at the Biscayne Bay, Fla., campus of Florida International University

• $55,905,000 series 2015A bonds due 2017 to 2025

• $75,000 series 2015B taxable bonds due 2017

OREGON

• $296.46 million series 2015 general obligation bonds (Aa1/AA+/AA+)

• Negotiated

• Citigroup Glboal Markets Inc., BofA Merrill Lynch and J.P. Morgan Securities LLC (lead)

• Fidelity Capital Markets Inc., Morgan Stanley & Co. LLC, Piper Jaffray & Co. and Wells Fargo Securities LLC (co-managers)

• Proceeds to finance capital projects for state university, legislative, administrative and defense projects

• $172.97 million series 2015F tax-exempt bonds due 2016 to 2035 with term bond due 2039

• $4,975,000 series 2015G taxable bonds due 2016 to 2025

• $95,075,000 series 20215H tax-exempt refunding bonds due 2020 to 2030

• $23.44 million series 2015I tax-exempt refunding bonds due 2019 to 2027

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

PORT OF PORTLAND/PORTLAND INTERNATIONAL AIRPORT (OREGON)

• $109,935,000 series 23 non-AMT refunding revenue bonds (/AA-/)

• Negotiated

• Goldman, Sachs & Co. and BofA Merrill Lynch (lead)

• Bonds due 2018 to 2038

• Proceeds to refund port’s series 19 revenue bonds issued for airport

SOUTHEASTERN OHIO PORT AUTHORITY/MEMORIAL HEALTH SYSTEM OBLIGATED GROUP

• $60 million series 2015 hospital facility improvement revenue bonds (/BB/)

• Negotiated

• BofA Merrill Lynch (lead)

• Bonds due 2025, 2030, 2035 and 2043

• Proceeds to acquire and install an electronic medical records system at Marietta Memorial Hospital and Selby General Hospital, as well as to make capital improvements at health care facilities in the group

TOBACCO SETTLEMENT FINANCING CORP. (RHODE ISLAND)

• $618.12 million series 2015 tobacco settlement asset-backed bonds

• Negotiated

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

• Janney Montgomery Scott LLC, Oppenheimer & Co. and Raymond James/Morgan Keegan (co-managers)

• Proceeds to refund all of the corporation’s series 2002A bonds

• $330.69 million series 2015A bonds due 2015 to 2030 with term bonds due 2035 and 2040

• $287.43 million series 2015B bonds due 2040, 2045 and 2050

UNIVERSITY OF VIRGINIA

• $169,595,000 series 2015A general revenue pledge refunding bonds

• Negotiated

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

• BofA Merrill Lynch and U.S. Bancorp Investments Inc. (co-managers)

• Proceeds to refund series A commercial paper notes and finance the construction and acquisition of projects to support environmental sustainability

• $77,195,000 series 2015A-1 bonds due April 1, 2045

• $92.4 million series 2015A-2 green bonds due April 1, 2045

VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY/EMBRY-RIDDLE AERONAUTICAL UNIVERSITY (FLORIDA)

• $67,885,000 series 2015B educational facilities revenue bonds (Baa1//A-)

• Negotiated

• Morgan Stanley & Co. LLC and Raymond James/Morgan Keegan (lead)

• Proceeds to finance capital improvements at the university’s Daytona Beach, Fla., and Prescott, Ariz., campuses

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