Municipal Calendar: Metropolitan Transportation readies $500 million bond sale

Week of June 20

ALLEGHENY COUNTY (PENNSYLVANIA):

• $279.5 million general obligation bonds

• Negotiated

• PNC Capital Markets LLC (lead)

• Academy Securities Inc., Janney Montgomery Scott LLC, RBC Capital Markets LLC, Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC (co-managers)

• Proceeds to finance various capital projects and refund G.O. bonds

• $210 million series C-75 refunding bonds

• $69.5 million series C-76 general obligation bonds

STATE PUBLIC SCHOOL BUILDING AUTHORITY (PENNSYLVANIA):

• $135 million series 2016 school revenue bonds (/A)

• Negotiated

• PNC Capital Markets LLC (lead)

• Proceeds to be lent to local school districts for capital projects and will be used to refund the authority’s series 2009A revenue bonds

• $130 million series 2016A bonds

• $5 million series 2016B taxable bonds

June 21

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

NEW YORK STATE HOUSING FINANCE AGENCY:

• $302.69 million series 2016C affordable housing revenue bonds

• Negotiated

• Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Siebert Brandford Shank & Co. LLC (lead)

• Academy Securities Inc., BofA Merrill Lynch, Citigroup Global Markets Inc., Drexel Hamilton LLC, Jefferies & Co., Loop Capital Markets LLC and Wells Fargo Securities LLC (co-managers)

• Bonds due 2016 to 2027 with term bonds due 2018, 2019, 2020, 2031, 2036, 2041, 2046 and 2049

• Proceeds to finance mortgage loans for multifamily housing projects

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

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

METROPOLITAN TRANSPORTATION AUTHORITY (NEW YORK):

• $500 million series 2016B transportation revenue refunding bonds

• Negotiated

• Morgan Stanley & Co. LLC and Siebert Brandford Shank & Co. LLC (bookrunners)

• Academy Securities Inc., Stern Brothers Inc., BofA Merrill Lynch, Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Jefferies & Co., Morgan Stanley & Co. LLC, Loop Capital Markets LLC, Ramirez & Co. Inc., RBC Capital Markets LLC, Wells Fargo Securities LLC, Barclays, BNY Mellon Capital Markets LLC, Cabrera Capital Markets LLC, Drexel Hamilton LLC, Duncan-Williams Inc., Estrada Hinojosa & Co. Inc., Fidelity Capital Markets Inc., Janney Montgomery Scott LLC, KeyBanc Capital Markets Inc., M&T Securities Inc., Mesirow Financial Inc., Oppenheimer & Co. Inc., Piper Jaffray & Co., PNC Capital Markets LLC, Raymond James/Morgan Keegan, Rice Financial Products Co., Roosevelt & Cross Inc., Stifel, Nicolaus & Co. Inc., TD Securities (USA) LLC, U.S. Bancorp Investments Inc. and Williams Capital Group LP (co-managers)

• Proceeds to refund the authority’s series 2007A, 2008A and 2008B revenue bonds

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

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

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