Municipal Calendar: Utility Debt Securitization preps $1 billion offering

Week of October 12

October 14

NEVADA

• $344,875,000 series 2015 general obligation bonds (Aa2/AA/AA+)

• Competitive

• Zions Bank Public Finance and JNA Consulting Group (financial advisers)

• Proceeds to finance capital improvements and refund existing debt

• $256,295,000 series 2015D capital improvement and refunding bonds due 2018 to 2035

• $20.94 million series 2015E natural resources and refunding bonds due 2016 to 2028

• $47,085,000 series 2015F Nevada Municipal Bond Bank bonds due 2017 to 2035

• $10.09 million series 2015G open space, sparks and natural resources and refunding bonds due 2018 to 2030

• $10,465,000 series 2015H safe drinking water revolving fund bonds due 2016 to 2031

NEW YORK MORTGAGE AGENCY

• $135,535,000 mortgage revenue bonds

• Negotiated

• J.P. Morgan Securities LLC (bookrunner)

• BofA Merrill Lynch, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Academy Securities Inc., Drexel Hamilton LLC, Loop Capital Markets LLC, Ramirez & Co., Inc. and Siebert Brandford Shank & Co., LLC (co-managers)

• Proceeds to purchase recently originated mortgage loans financed on a temporary basis with agency funds and to purchase new mortgage loans and other debt

• $75.18 million series 51st bonds due 2023-2026 and terms due 2030, 2035, 2040 and 2045

• $40,355,000 series 52nd bonds due 2018-2020 and a term due 2030

• $20 million series 53rd bonds due 2016 through 2023

TEXAS PUBLIC FINANCE AUTHORITY

• $441,865,000 series 2015C taxable general obligation and refunding bonds (Aaa/AAA/AAA)

• Negotiated

• Piper Jaffray & Co. and Goldman, Sachs & Co. (lead)

• Citigroup Global Markets Inc., Mesirow Financial Inc., RBC Capital Markets LLC, Siebert Brandford Shank & Co. LLC and Samco Capital Markets Inc. (co-managers)

• Bonds due 2016 to 2035

• Proceeds to finance grants for cancer research and prevention by the Cancer Prevention and Research Institute of Texas, as well as to refund commercial paper

WASHINGTON SUBURBAN SANITARY DISTRICT

• $390 million series 2015 consolidated public improvement bonds (Aaa/AAA/AAA)

• Competitive

• Bonds due 2016 to 2045

• Public Advisory Consultants, Inc. (financial adviser)

• Proceeds to fund construction or reconstruction of water supply facilities, water supply lines and transmission mains, sewage disposal facilities, water supply lines and sewer collection mains

October 15

UTILITY DEBT SECURITIZATION AUTHORITY (NEW YORK)

• $1 billion series 2015 restructuring bonds

• Negotiated

• BofA Merrill Lynch, Citigroup Global Markets Inc., Barclays and RBC Capital Markets LLC (bookrunners)

• Academy Securities Inc., Drexel Hamilton LLC, FTN Financial Capital Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Jefferies & Co., KeyBanc Capital Markets LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Raymond James/Morgan Keegan, Siebert Brandford Shank & Co. LLC, TD Securities (USA) LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC (co-managers)

• Proceeds to purchase, redeem and repay existing debt

Week of October 19

October 20

CALIFORNIA

• $960.96 million series 2015 various purpose general obligation bonds (Aa3/AA-/A+)

• Competitive

• Public Resources Advisory Group (financial adviser)

• Proceeds to finance capital improvements at public facilities, including schools, as well as to refund existing bonds

• $105.96 million series 2015 taxable G.O. bonds

• $855 million series 2015 tax-exempt G.O. refunding bonds

Week of November 9

November 10

SUFFOLK COUNTY (NEW YORK)

• $75 million series 2015B bond anticipation notes (/AA/AAA)

• Competitive

• Goldman, Sachs & Co. (financial adviser)

• Notes due Nov. 1, 2017

• Proceeds to finance capital expenditures for the coming fiscal year

Day-to-Day

PUERTO RICO AQUEDUCT AND SEWER AUTHORITY

• $750 million series 2015A senior lien revenue bonds (Caa3//CC)

• Negotiated

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

• Popular Securities and Santander Securities (co-managers)

• Proceeds to finance capital projects under the authority’s five-year capital improvement plan

On The Horizon

ALASKA HOUSING FINANCE CORP.

• $55.71 million series 2015C state capital project II bonds

• Negotiated

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

• BofA Merrill Lynch, KeyBanc Capital Markets LLC, Raymond James/Morgan Keegan and Wells Fargo Securities LLC (co-managers)

• Bonds due 2016 to 2032 with term bond due 2035

• Proceeds to refund outstanding bonds

CALIFORNIA WATER RESOURCES AUTHORITY/CENTRAL VALLEY

• $109.39 million series AU water system revenue index floating-rate bonds (Aa1/AAA/)

• Negotiated

• Stifel, Nicolaus & Co. Inc. (lead)

• Proceeds to refund all of the authority’s series 1 water revenue commercial paper notes

CINCINNATI (OHIO)

• $140,175,000 series 2015 general obligation bonds (Aa2/AA-/)

• Negotiated

• RBC Capital Markets LLC (lead)

• KeyBanc Capital Markets Inc., PNC Capital Markets LLC and Rice Financial Products Co. (co-managers)

• Proceeds to finance city vehicle acquisitions; improvements to park and recreational facilities, streets and other public buildings; and refunding outstanding bond anticipation notes

• $122.05 million series 2015A unlimited tax various purpose G.O. improvement and refunding bonds due 2015 to 2035 with term bond due 2040

• $3.45 million series 2015B taxable qualified energy conservation G.O. bonds due 2035

• $14,675,000 series 2015C unlimited tax various purpose taxable G.O. refunding bonds due 2015 to 2026

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

HAMILTON (OHIO)

• $103,655,000 series 2015 electric system revenue refunding notes (/SP-1+/)

• Negotiated

• Fifth Third Securities Inc. (lead)

• Notes due Sept. 27, 2016

• Proceeds to refund the city’s series 2002A-B electric system revenue refunding bonds and series 2014 bond anticipation notes

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

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 project

MASSACHUSETTS DEVELOPMENT FINANCE AGENCY/LAHEY HEALTH

• $234.45 million series 2015F revenue bonds (/A+/A+)

• Negotiated

• Citigroup Global Markets Inc. (lead)

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

• Proceeds to refund the agency’s series 2005C and 2007D 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

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

MINNEAPOLIS (MINNESOTA)/FAIRVIEW HEALTH SERVICES

• $116,805,000 series 2015A health care system revenue bonds (A2/A+/)

• Negotiated

• Citigroup Global Markets Inc. and RBC Capital Markets LLC (lead)

• Proceeds to construct, equip, acquire and improve facilities at the University of Minnesota Medical Center and to refund the health service’s series 1997, 2000, 2002 and 2005 revenue bonds

MONTGOMERY INDEPENDENT SCHOOL DISTRICT (TEXAS)

• $232,405,000 series 2015 unlimited tax school building and refunding bonds (Aaa/AAA/)

• Negotiated

• Piper Jaffray & Co. (lead)

• Coastal Securities Inc., Raymond James/Morgan Keegan, Stifel, Nicolaus & Co. Inc. and Wells Fargo Securities LLC (co-managers)

• Bonds due 2017 to 2045

• Proceeds to construct, equip, acquire and renovate school buildings in the district, as well as to refund the district’s series 2006A school building bonds, series 2006B refunding bonds and series 2007 school building bonds

NEW YORK STATE HOUSING FINANCE AGENCY

• $92.79 million series 2015C affordable housing revenue bonds

• Negotiated

• Barclays (lead)

• J.P. Morgan Securities LLC, Siebert Brandford Shank & Co. LLC, BofA Merrill Lynch, Citigroup Global Markets Inc., Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Ramirez & Co. Inc. and Wells Fargo Securities LLC (co-managers)

• Bonds due 2015 to 2026 with term bonds due 2018, 2019, 2030, 2035, 2040 and 2048

• Proceeds to finance six mortgage loans for affordable housing projects within the state

NEW YORK STATE MORTGAGE AGENCY

• $151,775,000 series 2015 homeowner mortgage revenue bonds

• Negotiated

• Citigroup Global Markets Inc. (lead)

• BofA Merrill Lynch, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Academy Securities, Barclays, Blaylock Beal Van LLC, CastleOak Securities LP, Loop Capital Markets LLC, Ramirez & Co. Inc. and Raymond James/Morgan Keegan (co-managers)

• Proceeds to purchase recently originated mortgages, acquire new mortgages and finance down payment assistance loans

• $45.41 million series 192 non-AMT bonds due Oct. 1, 2031 and Oct. 1, 2035

• $20.64 million series 193 non-AMT bonds due 2016 to 2018 with term bond due 2040

• $85,725,000 series 194 AMT bonds due 2018 to 2026 with term bonds due 2028 and 2035

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

OREGON

• $600 million series 2015A full faith and credit tax anticipation notes (MIG1/SP-1+/F1+)

• Negotiated

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

• Barclays, Goldman Sachs & Co. and J.P. Morgan Securities LLC (co-managers)

• Notes due Sept. 15, 2016

• Proceeds to finance cash needs for the coming fiscal year

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

SAN DIEGO PUBLIC FACILITIES FINANCING AUTHORITY (CALIFORNIA)

• $313.62 million series 2015 senior sewer revenue refunding bonds (/AA/AA)

• Negotiated

• BofA Merrill Lynch (lead)

• Academy Securities, Fidelity Capital Markets, Jefferies & Co. and Morgan Stanley & Co. LLC (co-managers)

• Bonds due 2016 to 2027

• Proceed to refund the authority’s series 2009A-B and 2010A sewer revenue 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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