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Municipal Calendar: University of Texas System offers $450 million bonds
Week of January 4
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 systems series 2010 school building and site bonds
January 6
COLORADO
$339 million series 2015B tax and revenue anticipation notes (MIG 1/SP-1+)
Competitive
RBC Capital Markets LLC (financial adviser)
Notes due June 29, 2016
Proceeds to make interest-free loans to Colorado public schools to alleviate temporary cash-flow deficits
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
MASSACHUSETTS SCHOOL BUILDING AUTHORITY
$150 million series 2016A senior dedicated sales tax bonds (Aa2/AA+/AA+)
Competitive
Acacia Financial Group Inc. (financial adviser)
Bonds due 2016 to 2045
Proceeds to finance capital improvements to Massachusetts public schools
January 7
KANSAS UNIVERSITY CAMPUS DEVELOPMENT CORP./PUBLIC FINANCE AUTHORITY (WISCONSIN)
$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
ORANGE COUNTY (CALIFORNIA)
$334,305,000 series 2016A taxable pension obligation bonds (/AA/AA)
Negotiated
Stifel, Nicolaus & Co. Inc. (lead)
Bonds due June 30, 2017
Proceeds to pre-pay 2017 pension obligations
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 authoritys 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 systems 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
EAST CAROLINA UNIVERSITY/BOARD OF GOVERNORS OF THE UNIVERSITY OF NORTH CAROLINA
$140,105,000 series 2016 general revenue bonds (Aa2/AA-)
Competitive
First Tryon Securities (financial adviser)
Proceeds to construct and equip a student union building and renovate three residence halls
$136.55 million series 2016A bonds due 2017 to 2045
$3,555,000 series 2016B taxable bonds due 2017 to 2018
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 systems 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 RTAs 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
BALL STATE UNIVERSITY (INDIANA)
$55.44 million series 2016 housing and dining system revenue bonds (Aa3/AA-)
Negotiated
Backstrom McCarley Berry & Co. LLC, Piper Jaffray & Co. and City Securities Corp. (underwriters)
Bonds due 2016 to 2030 with term bonds due 2032 and 2035
Proceeds to construct, equip, expand, renovate and improve dining and housing facilities at the university
BUILD NYC RESOURCE CORP./NEW YORK LAW SCHOOL
$140.64 million series 2016 tax-exempt revenue refunding bonds (Baa3/BBB)
Negotiated
Morgan Stanley & Co. LLC, Citigroup Global Markets Inc. and TD Securities (USA) LLC (underwriters)
Proceeds to refund the corporations series 2006A-B and 2009 revenue bonds
DELAWARE TRANSPORTATION AUTHORITY
$185,835,000 series 2016 transportation system senior revenue bonds (Aa2/AA+)
Negotiated
BofA Merrill Lynch (lead)
Citigroup Global Markets Inc., J.P. Morgan Securities LLC and M&T Securities Inc. (lead)
Bonds due 2019 to 2029
Proceeds to finance capital projects, as well as to refund the authoritys series 2006, 2008A-B and 2009A bonds
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 districts 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 districts series 2009, 2010 and 2010A school building and refunding bonds
MICHIGAN FINANCE AUTHORITY/BEAUMONT HEALTH CREDIT GROUP
$300 million series 2016A hospital revenue bonds (A1/A)
Negotiated
Morgan Stanley & Co. LLC (lead)
RBC Capital Markets LLC and Barclays (co-managers)
Proceeds to renovate and expand facilities operated by the credit group
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 authoritys 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
SOUTH FLORIDA WATER MANAGEMENT DISTRICT
$395.48 million series 2015 certificates of participation
Negotiated
Citigroup Global Markets Inc. (lead)
BofA Merrill Lynch, Loop Capital Markets Inc., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Stifel, Nicolaus & Co. Inc. and SunTrust Robinson Humphrey Inc. (co-managers)
Bonds due 2017 to 2036
Proceeds to refund a portion of the districts series 2006 certificates of participation
TAMPA BAY WATER (FLORIDA)
$133.38 million series 2016 utility system refunding revenue bonds
Negotiated
Raymond James/Morgan Keegan (lead)
BofA Merrill Lynch, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities LLC (co-managers)
Proceeds to refund the authoritys series 2008 and 2011B utility system revenue bonds
$100,615,000 series 2016A bonds due 2016 to 2038
$32,765,000 series 2016B taxable bonds due 2016 to 2031
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 boards series 2007 certificates of participation
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