Municipal Calendar: Port Authority of New York and New Jersey eyes bond sale

Week of May 2

MILWAUKEE (WISCONSIN):

• $293,765,000 series 2016 bonds and notes

• Competitive

• Public Financial Management Inc. (financial adviser)

• Proceeds to finance capital improvement projects for the city

• $90 million series 2016R1 bond anticipation notes (MIG1/SP-1+/F1+)

• $133.51 million series 2016N2 general obligation promissory notes (MIG1/SP-1+/F1+) due 2017 to 2026

• $42,725,000 series 2016B3 general obligation corporate purpose bonds (Aa3/AA/AA) due 2027 to 2033

• $27.53 million series 2016T4 general obligation corporate purpose bonds (Aa3/AA/AA) due 2017 to 2033

MISSOURI HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/SAINT LUKE’S HEALTH:

• $251.82 million series 2016 health facilities revenue bonds (A1/A+)

• Negotiated

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

• Bonds due 2020 to 2035 with term bond due 2042

• Proceeds to refund the health care system’s series 2003A-B, 2005A-B and 2012B revenue bonds

PORT AUTHORITY OF NEW YORK AND NEW JERSEY:

• $475 million 195th series consolidate bonds

• Negotiated

• Ramirez & Co. Inc. (lead)

• BofA Merrill Lynch, Citigroup Global Markets Inc., RBC Capital Markets LLC, Wells Fargo Securities LLC, Loop Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-manager)

• Bonds due 2016 to 2031

• Proceeds to refund the authority’s 134th series consolidated bonds

Week of May 9

May 10

CALIFORNIA DEPARTMENT OF WATER RESOURCES:

• $107,735,000 series AV water system revenue bonds (Aa1/AAA)

• Competitive

• Montague DeRose & Associates Inc. (financial adviser)

• Proceeds to refund all or a portion of the department’s series 1 commercial paper notes

On The Horizon

ALAMEDA CORRIDOR TRANSPORTATION AUTHORITY (CALIFORNIA):

• $661,795,000 series 2016 tax-exempt subordinate revenue refunding bonds (A2/AA)

• Negotiated

• BofA Merrill Lynch and Barclays (lead)

• Citigroup Global Markets Inc., RBC Capital Markets LLC and Stifel, Nicolaus & Co. Inc. (co-managers)

• Proceeds to refund the authority’s series 2004A subordinate lien revenue bonds

• $14.39 million series 2016A bonds due 2021 to 2025

• $647,405,000 series 2016B bonds due 2034 to 2037

BLACK BELT ENERGY GAS DISTRICT (ALABAMA):

• $500 million series 2016A gas supply revenue bonds (Aa3)

• Negotiated

• RBC Capital Markets LLC (sole)

• Bonds due 2016 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

MASSACHUSETTS DEVELOPMENT FINANCE AGENCY/SOUTH SHORE HOSPITAL:

• $116,875,000 series 2016I revenue bonds (Baa1/A-/BBB+)

• Negotiated

• Cain Brothers Inc. (sole)

• Proceeds to refund the hospital’s series F and 2011 revenue bonds

MONTEFIORE MEDICAL CENTER (NEW YORK):

• $224,965,000 series 2016 GNMA collateralized taxable revenue bonds (Aaa/AA+)

• Negotiated

• BofA Merrill Lynch (lead)

• Proceeds to acquire outstanding mortgage securities and refinance existing debt

• $91.05 million series 2016A bonds due Oct. 20, 2026

• $133,915,000 series 2016B bonds due April 20, 2032

NEW YORK TRANSPORTATION DEVELOPMENT CORP./LAGUARDIA AIRPORT:

• $2,503,960,000 series 2016 special facilities bonds (Baa3//BBB)

• Negotiated

• Citigroup Global Markets Inc., Wells Fargo Securities LLC and Barclays (lead)

• Ramirez & Co. Inc. and Siebert Brandford Shank & Co. LLC (co-managers)

• Proceeds to finance a loan to LaGuardia Gateway Partners LLC to fund the construction, improvement and renovation of a new Terminal B at LaGuardia Airport

• $2,353,960,000 series 2016A tax-exempt AMT bonds due 2032, 2033, 2034, 2035, 2036, 2037, 2041, 2046 and 2051

• $150 million series 2016B taxable bonds due 2026 and 2031

NORTH CAROLINA MEDICAL CARE COMMISSION/DUKE UNIVERSITY HEALTH SYSTEM:

• $169.66 million series 2016A health care facilities refunding revenue bonds (Aa2/AA/AA)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• PNC Capital Markets LLC, BofA Merrill Lynch and Jefferies & Co. (co-managers)

• Bonds due 2017 to 2028

• Proceeds to refund health system’s series 2009A revenue 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

WAKE COUNTY (NORTH CAROLINA):

• $194,545,000 series 2016A limited obligation refunding bonds (Aa1/AA+/AA+)

• Negotiated

• BofA Merrill Lynch (lead)

• Baird & Co. and J.P. Morgan Securities LLC (co-managers)

• Bonds due 2019 to 2036

• Proceeds to refund the county’s series 2009 and 2010 limited obligation bonds

WEST VIRGINIA HOSPITAL FINANCE AUTHORITY/WEST VIRGINIA UNITED HEALTH SYSTEM OBLIGATED GROUP:

• $246,045,000 series 2016A hospital revenue refunding bonds (A2/A)

• Negotiated

• BofA Merrill Lynch and Wells Fargo Securities LLC (lead)

• BB&T Capital Markets and Piper Jaffray & Co. (co-managers)

• Bonds due 2017 to 2036 with term bonds due 2039 and 2041

• Proceeds to be lent to the obligated group to refund its series 2003, 2006A, 2007A, 2008E and 2009C revenue bonds

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