Municipal Calendar: Metropolitan Transportation plans $700 million note deal

Week of June 13

FREDERICK COUNTY (MARYLAND):

• $124.82 million series 2016 general obligation public facilities bonds

• Competitive

• Davenport & Co. LLC (financial adviser)

• Proceeds to finance capital improvement projects and refund existing debt

• $90 million series 2016A general obligation public facilities bonds due 2017 to 2036

• $34.82 million series 2016B general obligation public facilities refunding bonds due 2017 to 2036

SOUTH CENTRAL CONNECTICUT REGIONAL WATER AUTHORITY:

• $123.45 million series 2016 water system revenue bonds (Aa3/AA-)

• Negotiated

• Janney Montgomery Scott LLC and Piper Jaffray & Co. (lead)

• Proceeds to finance capital improvements to the water system and to refund existing debt

• $15.94 million series 2016A revenue bonds due 2017 to 2045

• $107.51 million series 2016B refunding bonds due 2017 to 2038

June 16

ILLINOIS:

• $550 million series of June 2016 general obligation bonds

• Competitive

• First Southwest Co. (financial adviser)

• Bonds due 2017 to 2041

• Proceeds to finance capital projects within the state

METROPOLITAN TRANSPORTATION AUTHORITY (NEW YORK):

• $700 million series 2016A dedicated tax fund bond anticipation notes

• Competitive

• Public Financial Management Inc. (financial adviser)

• Proceeds to finance capital expenditures for the authority for the coming fiscal year

• $350 million series 2016A-1 notes due March 1, 2017

• $350 million series 2016A-2 notes due June 1, 2017

Week of June 20

June 22

HOUSTON (TEXAS):

• $230 million series 2016 tax and revenue anticipation notes

• Competitive

• First Southwest Co. (financial adviser)

• Notes due June 30, 2017

• Proceeds to finance operating expenses for the coming fiscal year

VIRGINIA COLLEGE BUILDING AUTHORITY:

• $234.39 million series 2016A educational facilities refunding revenue bonds

• Competitive

• Public Resources Advisory Group and Strategic Solutions Center (financial advisers)

• Bonds due 2020 to 2039

• Proceeds to refund existing debt

On The Horizon

DUTCHESS COUNTY LOCAL DEVELOPMENT CORP./HEALTH QUEST SYSTEMS, INC. (NEW YORK):

• $378.01 million series 2016 revenue and refunding bonds (A3/A-)

• Negotiated

• BofA Merrill Lynch and Cain Brothers Inc. (lead)

• Proceeds to construct, equip, acquire and improve facilities at the health system’s Vassar Brothers Medical Center and to refund the corporation’s series 2007 revenue bonds

• $28.01 million series 2016A revenue refunding bonds due 2017 to 2037

• $350 million series 2016B revenue bonds due 2021 to 2036 with term bonds due 2041 and 2046

GILBERT WATER RESOURCES MUNICIPAL PROPERTY CORP. (ARIZONA):

• $110,025,000 series 2016 senior lien water system revenue and refunding bonds (/AAA/AA+)

• Negotiated

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

• Bonds due 2017 to 2036

• Proceeds to finance water system capital improvements and refund the corporation’s series 2007 water system revenue bonds

LOS ANGELES (CALIFORNIA):

• $1.46 billion series 2016 tax and revenue anticipation notes (MIG 1/SP-1+/F1+)

• Negotiated

• Morgan Stanley & Co. LLC and Ramirez & Co. Inc. (lead)

• Williams Capital Group LP (co-manager)

• Notes due June 29, 2017

• Proceeds to finance capital expenditures for coming fiscal year

WAYNE COUNTY (MICHIGAN):

• $173.2 million series 2016 general obligation taxable tax revenue notes (/SP-1)

• Negotiated

• BofA Merrill Lynch (lead)

• Notes due Dec. 1, 2018

• Proceeds to fund in whole or part a delinquent revolving tax fund

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