Municipal Calendar: Texas Transportation prepares $800 million highway bonds

Week of June 29

June 29

ARIZONA

• $167.69 million series 2015 refunding certificates of participation (Aa3/AA-/)

• Negotiated

• Morgan Stanley & Co. LLC (lead)

• BofA Merrill Lynch, J.P. Morgan Securities LLC and Stifel, Nicolaus & Co. (co-managers)

• Bonds due 2015 to 2027

• Proceeds to refund the state’s series 2005 certificates

CALIFORNIA MUNICIPAL FINANCE AUTHORITY/ANAHEIM

• $92.84 million series 2015B electric utility distribution system refunding and improvement bonds (/AA-/AA-)

• Negotiated

• Goldman, Sachs & Co. (lead)

• Proceeds to finance a portion of Anaheim’s electric utility capital improvement plan and to refund its series 1999 and 2007 revenue bonds

METROPOLITAN WASHINGTON AIRPORTS AUTHORITY (DISTRICT OF COLUMBIA)

• $350,025,000 series 2015 airport system revenue and refunding bonds (A1/AA-/AA-)

• Negotiated

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

• Citigroup Global Markets Inc., Goldman, Sachs & Co., Raymond James/Morgan Keegan and Siebert Brandford Shank & Co. LLC (co-managers)

• Proceeds to finance airport capital improvements and refund the authority’s series 2005B revenue bonds

• $283,925,000 series 2015B AMT revenue and refunding bonds

• $35,455,000 series 2015C non-AMT refunding bonds

• $30,645,000 series 2015D taxable revenue refunding bonds

VIRGINIA COLLEGE BUILDING AUTHORITY/MARYMOUNT UNIVERSITY

• $65.58 million series 2015B education facilities green revenue bonds (Ba1/BB+/)

• Negotiated

• Morgan Stanley & Co. LLC (lead)

• Bonds due 2019 to 2025 with term bonds due 2030, 2035 and 2045

• Proceeds to acquire and construct the university’s academic building property

June 30

CLARK COUNTY (NEVADA)/LAS VEGAS-MCCARRAN INTERNATIONAL AIRPORT

• $101,805,000 series 2015C non-AMT passenger facility charge refunding revenue bonds (A1/A+/)

• Negotiated

• Wells Fargo Securities LLC (lead)

• J.P. Morgan Securities LLC and RBC Capital Markets LLC (co-managers)

• Proceeds to refund the county’s series 2007A-2 bonds issued for the airport

TALLAHASSEE (FLORIDA)

• $95.21 million series 2015 energy system refunding revenue bonds (Aa3/AA/)

• Negotiated

• RBC Capital Markets LLC (lead)

• J.P. Morgan Securities LLC and Loop Capital Markets LLC (co-managers)

• Proceeds to refund the city’s series 2005 energy system bonds

TEXAS TRANSPORTATION COMMISSION

• $800 million series 2015 state highway fund first tier revenue refunding bonds (Aaa/AAA/)

• Negotiated

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

• Barclays, Blaylock Beal Van LLC, Frost Bank, Mesirow Financial Inc., Morgan Stanley & Co. LLC, Ramirez & Co. Inc. and RBC Capital Markets LLC (co-manager)

• Bonds due 2017 to 2026

• Proceeds to refund existing revenue bonds

UCF CONVOCATION CORP. (FLORIDA)

• $79,275,000 series 2015 refunding revenue bonds (/A+/AA-)

• Negotiated

• BofA Merrill Lynch (lead)

• Raymond James/Morgan Keegan, SunTrust Robinson Humphrey and Wells Fargo Securities LLC (co-manager)

• Proceeds to refund the corporation’s series 2005A-B certificates of participation, which were issued to renovate the University of Central Florida’s arena and to construct retail space at the Orlando university

• $44.57 million series 2015A bonds due 2026 to 2035

• $34,705,000 series 2015B taxable bonds due 2015 to 2026

UNIVERSITY OF ALASKA

• $65.95 million series 2015T general revenue bonds (Aa2/AA-/)

• Negotiated

• Citigroup Global Markets Inc. (lead)

• BofA Merrill Lynch and Wells Fargo Securities LLC (co-manager)

• Bonds due 2018 to 2035 with a term bond due in 2039

• Proceeds to provide electricity, heating and air conditioning to 3 million square feet of academic space at the university’s Fairbanks campus

July 1

INDIANA FINANCE AUTHORITY

• $94.84 million series 2015C taxable motorsports improvement lease appropriation bonds (Aa2/AA+/AA+)

• Negotiated

• BofA Merrill Lynch (lead)

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

• Bonds due 2016 to 2030 with a term bond due in 2035

• Proceeds to finance improvements to the seating, technology, fan experience and track at the Indianapolis Motor Speedway

Week of July 6

July 7

TAMPA (FLORIDA)

• $88,945,000 series 2015 water and sewer system refunding revenue bonds (Aa1/AAA/AAA)

• Competitive

• Ford & Associates Inc. (financial adviser)

• Bonds due 2015 to 2037

• Proceeds to refund the city’s series 2005, 2006 and 2007 water and sewer system revenue bonds

July 8

CENTRAL FLORIDA EXPRESSWAY AUTHORITY

• $193,695,000 series 2015 senior lien revenue bond anticipation notes (A2/A/A)

• Competitive

• Public Financial Management Inc. and National Minority Consultants Inc. (financial advisers)

• Notes due Jan. 1, 2019

• Proceeds to provide short-term funding for a portion of the Wekiva Parkway project that extends from Sanford to Mount Dora. The project includes the extension of State Route 429, the addition of State Route 453 and various improvements to state and local roads

HILLSBOROUGH COUNTY (FLORIDA)

• $140,055,000 series 2015 community investment tax refunding revenue bonds (A1/AA/AA)

• Competitive

• Public Resources Advisory Group Inc. (financial adviser)

• Bonds due 2016 to 2025

• Proceeds to advance refund the county’s series 2007 community investment tax revenue bonds and to refund outstanding commercial paper

On The Horizon

COLORADO HEALTH FACILITIES AUTHORITY/EVANGELICAL LUTHERAN GOOD SAMARITAN SOCIETY

• $205,605,000 series 2015A health facilities revenue and refunding bonds (Baa1/BBB+/A-)

• Negotiated

• Citigroup Global Markets Inc. and Herbert J. Sims & Co. (lead)

• Bonds due 2016 to 2036 with term bonds due 2040 and 2045

• Proceeds to finance construction, equipment, improvement and renovation of home health and nursing facilities in Kissimmee, Fla.; Jeffersontown, Ky.; Waconia, Minn.; Pine River, Minn.; Grand Island, Neb.; Sioux Falls, S.D.; Denton, Texas; Hurst, Texas; Mesquite, Texas; and El Paso, Texas

DISTRICT OF COLUMBIA

• $99.03 million series 2015 revenue bonds

• Negotiated

• H.J. Sims & Co. (lead)

• Proceeds to construct, design, furnish, equip and improve a 57,000 square-foot national law enforcement museum in D.C.

• $76,095,000 series 2015A bonds due 2025, 2030, 2035, 2044 and 2049

• $22,935,000 series 2015B bonds due July 1, 2025

DUVAL COUNTY SCHOOL BOARD (FLORIDA)

• $119.58 million series 2015B certificates of participation (/AA-/AA-)

• Negotiated

• Citigroup Global Markets Inc. (lead)

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

• Bonds due 2018 to 2033

• Proceeds to refund board’s series 2007 COPs

HARRIS COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP. (TEXAS)/BAYLOR COLLEGE OF MEDICINE

• $75 million series 2015 medical facilities mortgage revenue refunding bonds (/A-/)

• Negotiated

• BofA Merrill Lynch and Barclays (lead)

• Bonds due Nov. 15, 2045

• Proceeds to refund the corporation’s series 2012B revenue bonds issued for Baylor College of Medicine

HOUSTON (TEXAS)

• $150 million series 2015D-E combined utility system revenue refunding bonds (/AA/AA)

• Negotiated

• Citigroup Global Markets Inc. (lead)

• Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Coastal Securities Inc., IFS Securities Inc. and RBC Capital Markets LLC (co-managers)

• Proceeds to the city’s series 2005, 2006, 2006A, 2007A-B, 2008B and 2009A revenue bonds

IDAHO HOUSING AND FINANCE ASSOCIATION

• $157,555,000 series 2015A grant and revenue anticipation refunding bonds (A2//A+)

• Negotiated

• Citigroup Global Markets Inc. (lead)

• Barclays, BofA Merrill Lynch and Morgan Stanley & Co. LLC (co-senior managers)

• D.A. Davidson & Co., KeyBanc Capital Markets Inc., Piper Jaffray & Co., RBC Capital Markets LLC, Siebert Brandford Shank & Co. LLC, U.S. Bancorp Investments Inc., Wells Fargo Securities LLC and Zions Bank (co-managers)

• Proceeds to refund the association’s series 2006 and 2008A bonds

LEE MEMORIAL HEALTH SYSTEM (FLORIDA)

• $277,065,000 series 2015A hospital revenue and revenue refunding bonds (A2/A/)

• Negotiated

• BofA Merrill Lynch (lead)

• Proceeds to finance a construction project at the Golisano Children’s Hospital of Southwest Florida in Fort Myers, as well as to refund existing revenue bonds

LOS ANGELES COUNTY REDEVELOPMENT REFUNDING AUTHORITY (CALIFORNIA)

• $158 million series 2015 tax allocation revenue refunding bonds (/AA-/)

• Negotiated

• Stifel, Nicolaus & Co. Inc. and Citigroup Global Markets Inc. (lead)

• Proceeds to partially refund the authority’s series 2002 and 2005 tax allocation bonds

• $76 million series 2015A tax-exempt bonds

• $82 million series 2015B taxable bonds

LOUISIANA PUBLIC FACILITIES AUTHORITY

• $94.4 million series 2015 nineteenth judicial district court building project revenue refunding bonds (A2/AA/)

• Negotiated

• Raymond James/Morgan Keegan (lead)

• Bonds due 2016 to 2030 with term bonds due 2035, 2041, 2046 and 2051

• Proceeds to refund authority’s series 2007 bonds, which were issued to construct courtrooms, judicial chambers and administrative space for the court in Baton Rouge

LOUISIANA PUBLIC FACILITIES AUTHORITY/OCHSNER CLINIC FOUNDATION

• $269,545,000 series 2015 refunding revenue bonds (Baa1//BBB+)

• Negotiated

• Citigroup Global Markets Inc. (lead)

• Bonds due 2016 to 2033 with term bonds due 2038, 2043 and 2047

• Proceeds to refund the authority’s series 2007A-B and 2011 revenue bonds issued for the foundation

LUZERNE COUNTY (PENNSYLVANIA)

• $140 million series 2015 general obligation refunding bonds

• Negotiated

• Citigroup Global Markets Inc. (lead)

• Proceeds to refund the county’s series 1998A, 2002C and 2005A bonds and its series 2006A notes

MARIN COUNTY (CALIFORNIA)

• $82.84 million series 2015 certificates of participation (Aa2/AA+/)

• Competitive

• Wulff, Hansen & Co. (financial adviser)

• Bonds due 2015 to 2045

• Proceeds to finance the construction, equipment, acquisition and improvement of county facilities, as well as to refund the county’s series 2010 COPs

MASSACHUSETTS

• $150 million series 2015 special obligation dedicated tax revenue bonds

• Negotiated

• Proceeds to finance capital projects

MIAMI-DADE COUNTY SCHOOL BOARD (FLORIDA)

• $460.74 million series 2015B certificates of participation (A1/A/)

• Negotiated

• Citigroup Global Markets Inc. (lead)

• BofA Merrill Lynch, Blaylock Beal Van LLC, Cabrera Capital Markets LLC, Ramirez & Co. and Estrada Hinojosa & Co. Inc. (co-managers)

• Bonds due 2016 and 2019 to 2033

• Proceeds to refund the board’s series 2008B COPs

MICHIGAN FINANCE AUTHORITY/MCLAREN HEALTH

• $154,555,000 series 2015D hospital revenue refunding bonds (Aa3//AA-)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• Proceeds to refund series 2008A-B revenue bonds

• $78.94 million series 2015D-1 bonds

• $75,615,000 series 2015D-2 bonds

NORTH CAROLINA EASTERN MUNICIPAL POWER AGENCY

• $477.53 million series 2015 taxable revenue bonds

• Negotiated

• BofA Merrill Lynch (lead)

• Barclays, First Southwest Co., Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC (co-managers)

• Bonds due 2016 to 2025

• Proceeds to acquire, develop, renovate, improve and extend power generation and transmission facilities

NORTHWEST INDEPENDENT SCHOOL DISTRICT (TEXAS)

• $137,618,471.60 series 2015A unlimited tax refunding bonds

• Negotiated

• BOSC Inc. (lead)

• Raymond James/Morgan Keegan and RBC Capital Markets LLC (co-managers)

• Bonds due 2015 to 2033

• Proceeds to refund the district’s series 2005 refunding bonds, 2008 school building and refunding bonds, 2009 school building bonds and 2010 school building bonds

ONONDAGA COUNTY RESOURCE RECOVERY AGENCY (NEW YORK)

• $52,965,000 series 2015 revenue bonds (A2/AA/)

• Negotiated

• TD Securities (USA) Inc. (lead)

• Proceeds to provide capital funding for agency and refund series 2003B bonds

PAYNE COUNTY ECONOMIC DEVELOPMENT AUTHORITY (OKLAHOMA)/EPWORTH LIVING AT THE RANCH

• $107.52 million series 2015 revenue bonds

• Negotiated

• Ziegler Inc. (lead)

• Proceeds to be loaned by the authority to the corporation for the construction, equipment, improvement, renovation and acquisition of The Ranch, an Epworth Living Community, a senior housing facility with 114 independent living units in Stillwater, Okla.

• $84.02 million series 2015A bonds

• $8 million series 2015B-1 tax-exempt mandatory paydown securities

• $12.75 million series 2015B-2 tax-exempt mandatory paydown securities

• $2.75 million series 2015C taxable mandatory paydown securities

PHILADELPHIA (PENNSYLVANIA)

• $176,075,000 series 2015A general obligation refunding bonds (A2/A+/A-)

• Negotiated

• Wells Fargo Securities LLC and Loop Capital Markets LLC (lead)

• BNY Mellon Capital Markets LLC, Blaylock Beal Van LLC, Mesirow Financial Inc. and RBC Capital Markets LLC (co-managers)

• Bonds due 2017 to 2031

• Proceeds to refund the city’s series 2006, 2008B and 2011 G.O. bonds

SOUTH SAN ANTONIO INDEPENDENT SCHOOL DISTRICT (TEXAS)

• $307.44 million series 2015 unlimited tax school building and refunding bonds (Aaa//AAA)

• Negotiated

• Frost Bank and Citigroup Global Markets Inc. (lead)

• J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Siebert Brandford Shank & Co. LLC and Stephens Inc. (co-managers)

• Bonds due 2016 to 2045

• Proceeds to construct, equip, acquire and renovate school buildings in the district and to refund the district’s outstanding bonds

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