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

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

Week of June 27

June 28

WASHINGTON STATE:

• $1,301,205,000 series 2017 general obligation bonds (Aa1/AA+/AA+)

• Competitive

• First Southwest Co. (financial adviser)

• Proceeds to finance state capital projects and refund existing G.O. debt

• $392,265,000 series 2017A various purpose general obligation bonds due 2024 to 2041

• $101,345,000 series 2017T taxable general obligation bonds due 2017 and 2019 to 2034

• $535,125,000 series R-2017A various purpose general obligation refunding bonds due 2017 and 2019 to 2034

• $272.47 million series R-2017B motor vehicle fuel tax general obligation refunding bonds due 2017 and 2020 to 2024

On The Horizon

CLEBURNE INDEPENDENT SCHOOL DISTRICT (TEXAS):

• $115,165,000 series 2016 unlimited tax school building bonds

• Negotiated

• RBC Capital Markets LLC (lead)

• BOSC Inc., Raymond James/Morgan Keegan, Piper Jaffray & Co. and William Blair & Co. Inc. (co-managers)

• Bonds due 2017 to 2041

• Proceeds to construct, equip, improve and renovate school buildings in the district

COLORADO HEALTH FACILITIES AUTHORITY/ADVENTIST HEALTH SYSTEM/SUNBELT OBLIGATED GROUP:

• $258,265,000 series 2016 hospital revenue bonds (Aa2/AA/AA)

• Negotiated

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

• Ziegler Inc. (co-manager)

• Proceeds to finance capital improvements, construction projects and renovations for obligated group facilities, as well as to refund the health system’s series 2009D bonds

• $200 million series 2016A bonds

• $58,265,000 series 2016B bonds

DALLAS (TEXAS):

• $578,135,000 series 2016 waterworks and sewer revenue refunding bonds (/AAA/AA+)

• Negotiated

• Goldman Sachs & Co. and Loop Capital Markets LLC (lead)

• Citigroup Global Markets Inc., Frost Bank, Piper Jaffray & Co., Ramirez & Co. Inc., Stern Brothers & Co. and Stifel, Nicolaus & Co. (co-managers)

• Proceeds to refund the city’s series 2006, 2007, 2008, 2010, 2011, 2012 and 2013A revenue bonds

• $386.94 million series 2016A refunding bonds due 2017 to 2036

• $191,195,000 series 2016B refunding bonds due 2017 to 2029

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 (MIG1/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

METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA:

• $250 million series 2016A water revenue refunding bonds (Aa1/AAA/AA+)

• Negotiated

• BofA Merrill Lynch and Siebert Brandford Shank & Co. LLC (lead)

• RBC Capital Markets LLC and U.S. Bancorp Investments Inc. (co-managers)

• Proceeds to refund the district’s series 2005C and 2006A-B water revenue bonds

NORTHAMPTON COUNTY GENERAL PURPOSE AUTHORITY (PENNSYLVANIA)/ST. LUKE’S UNIVERSITY HEALTH NETWORK:

• $215.6 million series 2016A hospital revenue bonds (A3/A-)

• Negotiated

• BofA Merrill Lynch (lead)

• Proceeds to finance capital projects for the health network and to advance refund the authority’s series 2008A revenue bonds

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