Municipal Calendar: University of Texas System preps $450 million bond offering

Week of January 4

January 5

CHIPPEWA VALLEY SCHOOLS (MICHIGAN)

• $64.81 million series 2016A unlimited tax general obligation refunding bonds

• Negotiated

• Stifel, Nicolaus & Co. Inc. and Fifth Third Securities Inc. (lead)

• Bonds due 2017 to 2035

• Proceeds to refund the school system’s series 2010 school building and site bonds

January 6

ESCAMBIA COUNTY SCHOOL BOARD (FLORIDA)

• $51,785,000 series 2016 sales tax revenue bonds (Aa3//AA-)

• Negotiated

• Raymond James/Morgan Keegan (lead)

• BofA Merrill Lynch, RBC Capital Markets LLC and Stifel, Nicolaus & Co. Inc. (co-managers)

• Bonds due 2016 to 2027

• Proceeds to construct, improve, renovate and rehabilitate educational facilities in the district

January 7

KANSAS UNIVERSITY CAMPUS DEVELOPMENT CORP. PUBLIC FINANCE AUTHORITY

• $333.18 million series 2016 lease development revenue bonds (Aa2)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• BofA Merrill Lynch, Barclays, George K. Baum & Co. and Wells Fargo Securities LLC (co-managers)

• Bonds due 2018 to 2036 with term bonds due 2041, 2046 and 2051

• Proceeds to upgrade and improve classrooms, student life facilities and other campus projects

LOUISIANA PUBLIC FACILITIES AUTHORITY/LAFAYETTE GENERAL HEALTH SYSTEM

• $98,745,000 series 2016 hospital revenue and refunding bonds (Baa1//A-)

• Negotiated

• BofA Merrill Lynch (lead)

• Proceeds to finance capital projects and refund existing bonds

• $66,875,000 series 2016A bonds

• $31.87 million series 2016B bonds

SOUTH CAROLINA PUBLIC SERVICE AUTHORITY

• $200 million series 2016A tax-exempt refunding revenue obligations

• Negotiated

• BofA Merrill Lynch and Barclays (lead)

• Goldman, Sachs & Co., Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC (co-managers)

• Proceeds to refund the authority’s series 2007A, 2008A and 2009B tax-exempt bonds

TALLAHASSEE (FLORIDA)/TALLAHASSEE MEMORIAL HEALTHCARE INC.

• $250 million series 2016 health facilities revenue bonds (Baa1)

• Negotiated

• BofA Merrill Lynch (lead)

• Proceeds to finance or refinance the construction, acquisition, improvement and renovation of a new hospital tower and a surgical center

• $150 million series 2016A bonds

• $100 million series 2016B bonds

UNIVERSITY OF TEXAS SYSTEM

• $450 million series 2016 revenue financing system bonds (Aaa/AAA/AAA)

• Negotiated

• BofA Merrill Lynch (lead)

• Barclays, Estrada Hinojosa & Co. Inc., Mesirow Financial Inc., Piper Jaffray & Co., RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers for 2016A), Estrada, Fidelity Capital Markets Inc., Frost Bank, FTN Financial Capital Markets, Jefferies & Co., Morgan Stanley & Co. LLC and Ramirez & Co. Inc. (co-managers for 2016B)

• Proceeds to finance capital improvements and refund the system’s series A and B commercial paper notes

• $250 million series 2016A taxable bonds due 2046

• $200 million series 2016B green bonds

YSLETA INDEPENDENT SCHOOL DISTRICT (TEXAS)

• $235,005,000 series 2016 unlimited tax school building bonds

• Negotiated

• Piper Jaffray & Co. and Ramirez & Co. Inc. (lead)

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

• Bonds due 2031 to 2045

• Proceeds to construct, equip and renovate school buildings in the district

Week of January 11

January 12

NEVADA SYSTEM OF HIGHER EDUCATION

• $61,345,000 series 2016A certificates of participation

• Competitive

• JNA Consulting Group LLC (financial adviser)

• Certificates due 2017 to 2046

• Proceeds to finance capital improvements to the University of Nevada at Reno campus and refund some of the system’s outstanding obligations

January 13

REGIONAL TRANSPORTATION AUTHORITY (ILLINOIS)

• $100,205,000 series 2016A general obligation bonds (Aa3/AA/AA)

• Competitive

• Public Financial Management Inc. (financial adviser)

• Bonds due 2017 to 2046

• Proceeds to acquire, construct and improve certain transportation facilities as part of the RTA’s capital plan

UTAH

• $93,695,000 series 2016 state facilities master lease program lease revenue bonds

• Competitive

• Zion Public Finance Inc. (financial adviser)

• Bonds due 2018 to 2028

• Proceeds to acquire, construct, improve or renovate one or more projects on behalf of the state

January 14

ILLINOIS

• $480 million series 2016 general obligation bonds (/A-/BBB+)

• Competitive

• Public Financial Management Inc. (financial adviser)

• Bonds due 2017 to 2041

• Proceeds to finance capital expenditures

On The Horizon

DISTRICT OF COLUMBIA

• $102,825,000 series 2016 senior revenue bonds

• Negotiated

• H.J. Sims & Co. (lead)

• Proceeds to construct, equip and acquire a national law enforcement museum on E Street in Washington, D.C.

• $47,825,000 series 2016A senior bonds due 2031, 2036 and 2049

• $30 million series 2016B senior bonds due 2025 and 2027

• $25 million series 2016C subordinate bonds due 2049

FLORIDA DEVELOPMENT FINANCE CORP.

• $1.75 billion series 2015A-B All-Aboard Florida Passenger Rail project surface transportation facilities revenue bonds

• Negotiated

• BofA Merrill Lynch (lead)

• Proceeds to finance a commuter rail linking Miami with Orlando International Airport

IMPERIAL IRRIGATION DISTRICT (CALIFORNIA)

• $165.62 million series 2015 electric system refunding revenue bonds (/AA-/)

• Negotiated

• Citigroup Global Markets Inc. and Goldman, Sachs & Co. (lead)

• Proceeds to refund the district’s series 2008A revenue refunding bonds and certain taxable revenue commercial paper warrants

• $156,745,000 series 2015C tax-exempt bonds

• $8,875,000 series 2015D direct payment federally taxable renewable energy bonds

LEANDER INDEPENDENT SCHOOL DISTRICT (TEXAS)

• $79,582,191.90 series 2016 unlimited tax refunding bonds (/AA-/)

• Negotiated

• William Blair & Co. (lead)

• Citigroup Global Markets Inc., Estrada Hinojosa & Co. Inc. and Raymond James/Morgan Keegan (co-managers)

• Bonds due 2016 and 2018 to 2040

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

PHILADELPHIA AUTHORITY OF INDUSTRIAL DEVELOPMENT (PENNSYLVANIA)

• $96,275,000 series 2016 city agreement revenue refunding bonds (A2/A+/A-)

• Negotiated

• PNC Capital Markets LLC and Ramirez & Co. Inc. (lead)

• BofA Merrill Lynch, TD Securities (USA) LLC and U.S. Bancorp Investments Inc. (co-managers)

• Proceeds to refund the authority’s series 2005 and 2006 revenue bonds

• $90,305,000 series 2016A Cultural and Commercial Corridors program bonds due 2017 to 2031

• $5.97 million series 2016B Philadelphia Central Library project bonds due 2016 to 2024

VOLUSIA COUNTY SCHOOL BOARD (FLORIDA)

• $75.45 million series 2016A master lease program refunding certificates of participation (Aa3//A+)

• Negotiated

• Raymond James/Morgan Keegan (lead)

• BofA Merrill Lynch and Stifel, Nicolaus & Co. Inc. (co-managers)

• Bonds due 2018 to 2032

• Proceeds to refund the board’s series 2007 certificates of participation

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