Municipal Calendar: California State University bonds on tap

Week of March 28

March 30

ANNE ARUNDEL COUNTY (MARYLAND):

• $285.13 million series 2016 general obligation bonds

• Competitive

• Public Resources Advisory Group (financial adviser)

• Proceeds to finance capital improvements including water and sewer improvements and refund bonds

• $95.31 million series 2016 consolidated general improvement bonds due 2016 to 2045

• $44.47 million series 2016 consolidated water and sewer bonds due 2016 to 2045

• $70,845,000 series 2016 consolidated general improvement refunding bonds due 2016 to 2027

• $74,505,000 series 2016 consolidated water and sewer refunding bonds due 2016 to 2035

CALIFORNIA STATE UNIVERSITY:

• $1,374,490,000 series 2016 system-wide revenue bonds (Aa2)

• Negotiated

• Barclays, BofA Merrill Lynch and Raymond James/Morgan Keegan (lead)

• Hutchinson, Shockey, Erley & Co., Academy Securities Inc., Alamo Capital Inc., Backstrom McCarley, Berry & Co. LLC, Blaylock Beal Van LLC, Citigroup Global Markets Inc., Fidelity Capital Markets Inc., FTN Financial Capital Markets, Goldman Sachs & Co., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Prager & Co. Inc., Ramirez & Co. Inc., RBC Capital Markets LLC, Siebert Brandford Shank & Co. LLC, Williams Capital Group LP, U.S. Bancorp Investments Inc., Wells Fargo Securities LLC and William Blair & Co. (co-managers)

• Proceeds to finance student housing, student union, parking and continuing education facilities improvements, as well as to refund the university’s series 1993A, 1997C, 1998A, 2006B, 2006G, 2009D, 2009J, 2011B, 2012D, 2012E and 2013H revenue bonds

• $1,124,490,000 series 2016A bonds due 2017 to 2036 with term bonds due 2041 and 2046

• $50 million series 2016B-1 bonds due 2048

• $100 million series 2016B-2 bonds due 2050

• $100 million series 2016B-3 bonds due 2051

March 31

LONG BEACH UNIFIED SCHOOL DISTRICT (LOS ANGELES COUNTY, CALIF.):

• $145.25 million series 2016 general obligation refunding bonds (Aa2)

• Competitive

• Keygent LLC (financial adviser)

• Due Aug. 1, 2016 through Aug. 1, 2033.

• Proceeds will be used to refund outstanding bonds

April 5

CITY AND COUNTY OF SAN FRANCISCO:

• $179.42 million of general obligation bonds (Aa1/AA+/AA+)

• Competitive

• Kitahata & Co. and Fieldman, Rolapp & Associates, Inc. (co-financial advisers)

• Proceeds will be used to fund improvements to fire, earthquake and emergency response, including improving deteriorating pipes, hydrants, reservoirs, water cisterns and pumps built after the 1906 earthquake, improve or replace neighborhood fire and police stations, replace seismically unsafe police, medical and emergency buildings with earthquake-safe buildings, fit potholes, repave failing streets, repair and strengthen stairways, bridges and overpasses and construct and renovate the city’s traffic infrastructure

• $110.06 million of series 2016D earthquake safety and emergency response bonds

• $44,145,000 of series 2016E road repaving and street safety bonds

• $25,215,000 of series 2016C earthquake safety and emergency response bonds

On The Horizon

BLACK BELT ENERGY GAS DISTRICT (ALABAMA):

• $1 billion series 2016 gas supply revenue bonds

• Negotiated

• RBC Capital Markets LLC (sole)

• Bonds due 2017 to 2021 with term bond due 2046

• Proceeds to make a gas supply purchase

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

HAMPTON ROADS SANITATION DISTRICT (VIRGINIA):

• $206,845,000 series 2016A subordinate wastewater revenue bonds (/AA/AA)

• Negotiated

• BofA Merrill Lynch (lead)

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

• Bonds due 2016 to 2043

• Proceeds to finance wastewater capital improvements as part of the district’s capital improvement program

HOUSTON INDEPENDENT SCHOOL DISTRICT (TEXAS):

• $683.6 million series 2016A limited tax schoolhouse and refunding bonds (Aaa/AAA)

• Negotiated

• J.P. Morgan Securities LLC and RBC Capital Markets LLC (lead)

• BofA Merrill Lynch, Jefferies & Co., Raymond James/Morgan Keegan and Ramirez & Co. Inc. (co-managers)

• Bonds due 2017 to 2041

• Proceeds to construct, equip, improve and renovate the district’s school buildings, as well as to refund the district’s series 2008 general obligation bonds

MASSACHUSETTS WATER RESOURCES AUTHORITY:

• $535 million of revenue and revenue refunding bonds (Aa1/AA+/AA+)

• Negotiated

• Citigroup Global Markets Inc., Barclays, BofA Merrill Lynch, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (leads)

• Goldman Sachs & Co., Jefferies & Co., Ramirez & Co., Inc., RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers)

• Proceeds will be used to finance capital improvements and repay outstanding debt

• $85 million of series 2016B general revenue bonds

• $450 million of series 2016C general revenue refunding green bonds

PARTNERS HEALTHCARE SYSTEM (MASSACHUSETTS):

• $100 million series 2016 taxable bonds (Aa3/AA-/AA)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• BofA Merrill Lynch, Barclays, Jefferies & Co., TD Securities (USA) LLC and Wells Fargo Securities LLC (co-managers)

• Proceeds for general corporate purposes

SAN DIEGO PUBLIC FACILITIES FINANCING AUTHORITY:

• $105.24 million series 2016 lease revenue refunding bonds (/AA-/A+)

• Negotiated

• RBC Capital Markets LLC (lead)

• BofA Merrill Lynch, William Blair & Co. and Stern Brothers & Co. (co-managers)

• Due Oct. 15, 2016 through Oct. 15, 2031.

• Proceeds will be used to refund the authority’s series 2007A ballpark refunding lease revenue refunding bonds

TAMPA (FLORIDA)/BAYCARE HEALTH SYSTEM:

• $200 million series 2016A health system revenue bonds

• Negotiated

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

• Proceeds to finance capital projects for the health system

UNIVERSITY OF MINNESOTA:

• $123,165,000 series 2016A general obligation bonds (Aa1/AA)

• Negotiated

• Barclays and Piper Jaffray & Co. (lead)

• Proceeds to finance capital projects, including improvements to the combined heat and power system, renovations to the Tate Science and Teaching Building, research and laboratory improvements and the construction of a new planetarium

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