Municipal Calendar: Chicago coordinates $500 million refunding bond sale

Week of January 11

CHICAGO (ILLINOIS)

• $500 million series 2015 general obligation refunding bonds

• Negotiated

• Citigroup Global Markets Inc. (lead)

• Cabrera Capital Markets LLC, PNC Capital Markets LLC, Backstrom McCarley Berry & Co. LLC, Drexel Hamilton LLC, Harvestons Securities Inc., North South Capital LLC and Podesta & Co. (co-managers)

• Proceeds to refund or pay interest on all or certain outstanding general obligation bonds

• $498.14 million series 2015C bonds due 2020 to 2031 with term bonds due 2035 and 2038

• $1.86 million series 2015D taxable bonds due Jan. 1, 2020

MASSACHUSETTS DEVELOPMENT FINANCE AGENCY/PARTNERS HEALTHCARE SYSTEM

• $235,275,000 series 2016Q revenue bonds

• Negotiated

• J.P. Morgan Securities LLC (lead)

• BofA Merrill Lynch, Barclays, BNY Mellon Capital Markets LLC, Jefferies & Co., TD Securities (USA) LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC (co-managers)

• Proceeds to finance the construction and equipment of a new clinical research facility, an underground parking facility, an administrative building and a special care nursery, as well as capital improvements to other Partners facilities

MINNESOTA HOUSING FINANCE AGENCY

• $97,425,783 series 2016A non-AMT homeownership finance bonds

• Negotiated

• RBC Capital Markets LLC, Piper Jaffray & Co. and Wells Fargo Securities LLC (lead)

• Bonds due Feb. 2, 2046

• Proceeds to finance mortgage loans

PHILADELPHIA AUTHORITY OF INDUSTRIAL DEVELOPMENT (PENNSYLVANIA)

• $96,275,000 series 2016 city agreement revenue refunding bonds (A2/A+/A-)

• Negotiated

• PNC Capital Markets LLC and Ramirez & Co. Inc. (lead)

• BofA Merrill Lynch, TD Securities (USA) LLC and U.S. Bancorp Investments Inc. (co-managers)

• Proceeds to refund the authority’s series 2005 and 2006 revenue bonds

• $90,305,000 series 2016A Cultural and Commercial Corridors program bonds due 2017 to 2031

• $5.97 million series 2016B Philadelphia Central Library project bonds due 2016 to 2024

January 12

BUILD NYC RESOURCE CORP./NEW YORK LAW SCHOOL

• $140.64 million series 2016 tax-exempt revenue refunding bonds (Baa3/BBB)

• Negotiated

• Morgan Stanley & Co. LLC, Citigroup Global Markets Inc. and TD Securities (USA) LLC (underwriters)

• Proceeds to refund the corporation’s series 2006A-B and 2009 revenue bonds

DELAWARE TRANSPORTATION AUTHORITY

• $185,835,000 series 2016 transportation system senior revenue bonds (Aa2/AA+/)

• Negotiated

• BofA Merrill Lynch (lead)

• Citigroup Global Markets Inc., J.P. Morgan Securities LLC and M&T Securities Inc. (lead)

• Bonds due 2019 to 2029

• Proceeds to finance capital projects, as well as to refund the authority’s series 2006, 2008A-B and 2009A bonds

EAST CAROLINA UNIVERSITY/BOARD OF GOVERNORS OF THE UNIVERSITY OF NORTH CAROLINA

• $140,105,000 series 2016 general revenue bonds (Aa2/AA-)

• Competitive

• First Tryon Securities (financial adviser)

• Proceeds to construct and equip a student union building and renovate three residence halls

• $136.55 million series 2016A bonds due 2017 to 2045

• $3,555,000 series 2016B taxable bonds due 2017 to 2018

LEANDER INDEPENDENT SCHOOL DISTRICT (TEXAS)

• $79,582,191.90 series 2016 unlimited tax refunding bonds (/AA-)

• Negotiated

• William Blair & Co. (lead)

• Citigroup Global Markets Inc., Estrada Hinojosa & Co. Inc. and Raymond James/Morgan Keegan (co-managers)

• Bonds due 2016 and 2018 to 2040

• Proceeds to refund the district’s series 2009, 2010 and 2010A school building and refunding bonds

MICHIGAN FINANCE AUTHORITY/BEAUMONT HEALTH CREDIT GROUP

• $300 million series 2016A hospital revenue bonds (A1/A/)

• Negotiated

• Morgan Stanley & Co. LLC (lead)

• RBC Capital Markets LLC and Barclays (co-managers)

• Proceeds to renovate and expand facilities operated by the credit group

NEVADA SYSTEM OF HIGHER EDUCATION

• $61,345,000 series 2016A certificates of participation (//AA)

• Competitive

• JNA Consulting Group LLC (financial adviser)

• Certificates due 2017 to 2046

• Proceeds to finance capital improvements to the University of Nevada at Reno campus and refund some of the system’s outstanding obligations

SOUTH FLORIDA WATER MANAGEMENT DISTRICT

• $395.48 million series 2015 certificates of participation

• Negotiated

• Citigroup Global Markets Inc. (lead)

• BofA Merrill Lynch, Loop Capital Markets Inc., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Stifel, Nicolaus & Co. Inc. and SunTrust Robinson Humphrey Inc. (co-managers)

• Bonds due 2017 to 2036

• Proceeds to refund a portion of the district’s series 2006 certificates of participation

TAMPA BAY WATER (FLORIDA)

• $133.38 million series 2016 utility system refunding revenue bonds

• Negotiated

• Raymond James/Morgan Keegan (lead)

• BofA Merrill Lynch, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities LLC (co-managers)

• Proceeds to refund the authority’s series 2008 and 2011B utility system revenue bonds

• $100,615,000 series 2016A bonds due 2016 to 2038

• $32,765,000 series 2016B taxable bonds due 2016 to 2031

TRINITY HEALTH CREDIT GROUP

• $568.05 million series 2016 composite issue revenue bonds (Aa3/AA-/AA)

• Negotiated

• BofA Merrill Lynch and Goldman Sachs & Co. (lead)

• J.P. Morgan Securities LLC, Cabrera Capital Markets LLC, Loop Capital Markets LLC and Wells Fargo Securities LLC (co-managers)

• Proceeds to construct, equip, improve and renovate Trinity Health facilities

• $280,805,000 series 2016MI hospital revenue refunding bonds through Michigan Finance Authority

• $222.05 million series 2016CT revenue bonds through Connecticut Health and Educational Facilities Authority

• $22.32 million series 2016ID revenue bonds through Idaho Health Facilities Authority

• $42,875,000 series 2016MD revenue bonds through Montgomery County, Md.

January 13

ALASKA

• $158,175,000 series 2016 international airports system revenue refunding bonds (A1//A+)

• Negotiated

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

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

• Proceeds to refund the state’s series 2003B, 2006B and 2006D airports system revenue bonds

• $73,945,000 series 2016A non-AMT bonds due 2023 to 2031

• $84.23 million series 2016B non-AMT bonds due 2031 to 2035

BALL STATE UNIVERSITY (INDIANA)

• $55.44 million series 2016 housing and dining system revenue bonds (Aa3/AA-)

• Negotiated

• Backstrom McCarley Berry & Co. LLC, Piper Jaffray & Co. and City Securities Corp. (underwriters)

• Bonds due 2016 to 2030 with term bonds due 2032 and 2035

• Proceeds to construct, equip, expand, renovate and improve dining and housing facilities at the university

CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY/SUTTER HEALTH

• $500 million series 2016A revenue bonds (Aa3/AA-/AA-)

• Negotiated

• Morgan Stanley & Co. LLC (lead)

• BofA Merrill Lynch, Sutter Securities Inc. and Siebert Brandford Shank & Co. LLC (co-managers)

• Proceeds to construct a new replacement hospital at Van Ness Avenue and Geary Boulevard in San Francisco, a new replacement hospital for St. Luke’s Hospital in San Francisco and a replacement hospital for Sutter Santa Rosa Regional Hospital

REGIONAL TRANSPORTATION AUTHORITY (ILLINOIS)

• $100,205,000 series 2016A general obligation bonds (Aa3/AA/AA)

• Competitive

• Public Financial Management Inc. (financial adviser)

• Bonds due 2017 to 2046

• Proceeds to acquire, construct and improve certain transportation facilities as part of the RTA’s capital plan

SAN DIEGO REDEVELOPMENT SUCCESSOR AGENCY (CALIFORNIA)

• $176,945,000 series 2016 tax allocation refunding bonds (/AA-)

• Negotiated

• Citigroup Global Markets Inc. and Stifel, Nicolaus & Co. Inc. (lead)

• Backstrom McCarley Berry & Co., Piper Jaffray & Co., Raymond James/Morgan Keegan and Hilltop Securities Inc. (co-managers)

• Proceeds to refund the agency’s series 1999 to 2003 tax allocation bonds

• $146.88 million series 2016A bonds

• $30,065,000 series 2016B taxable bonds

SEATTLE (WASHINGTON)

• $155,175,000 series 2016 municipal light and power revenue bonds (Aa2/AA)

• Competitive

• Piper Jaffray & Co. (financial adviser)

• Proceeds to finance capital improvements to the city’s light system, as well as to refund existing debt

• $32 million series 2016A taxable new clean renewable energy bonds due 2036 to 2041

• $123,175,000 series 2016B refunding revenue bonds due 2016 to 2029

UTAH

• $93,695,000 series 2016 state facilities master lease program lease revenue bonds

• Competitive

• Zion Public Finance Inc. (financial adviser)

• Bonds due 2018 to 2028

• Proceeds to acquire, construct, improve or renovate one or more projects on behalf of the state

January 14

BOWLING GREEN STATE UNIVERSITY (OHIO)

• $70 million series 2016A general receipts bonds (A1/A+)

• Negotiated

• Wells Fargo Securities LLC (lead)

• PNC Capital Markets LLC and Raymond James/Morgan Keegan (co-managers)

• Bonds due 2021 to 2036 with term bonds due 2041 and 2046

• Proceeds to renovate fully or partially six academic classrooms, instructional laboratory space and other campus facilities, renovate a student union building, construct a townhouse-style student housing facility and make other improvements on campus

ILLINOIS

• $480 million series 2016 general obligation bonds (/A-/BBB+)

• Competitive

• Public Financial Management Inc. (financial adviser)

• Bonds due 2017 to 2041

• Proceeds to finance capital expenditures

SAN MATEO COUNTY JOINT POWERS FINANCING AUTHORITY (CALIFORNIA)/YOUTH SERVICES CAMPUS

• $104.58 million series 2016A refunding lease revenue bonds (Aa2/AA+)

• Negotiated

• Raymond James/Morgan Keegan and Citigroup Global Markets Inc. (lead)

• Bonds due 2016 to 2036

• Proceeds to refund the authority’s series 2003A and 2003C bonds issued for Youth Services Campus, a juvenile justice center based in San Mateo

TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS

• $95,205,000 series 2016 single family mortgage revenue bonds (Aa1/AA+)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• Morgan Stanley & Co. LLC, Ramirez & Co. Inc. and RBC Capital Markets LLC (co-managers)

• Proceeds to finance mortgage loans and refund existing debt

• $35 million series 2016A non-AMT bonds due March 1, 2046

• $60,205,000 series 2016B taxable refunding bonds due March 1, 2039

On The Horizon

ANCHOR BAY SCHOOL DISTRICT (MICHIGAN)

• $73.79 million series 2016 unlimited tax general obligation refunding bonds

• Negotiated

• Fifth Third Securities Inc. and Stifel, Nicolaus & Co. Inc. (lead)

• Proceeds to refund existing debt

• $10,315,000 series 2016A tax-exempt bonds due 2021 to 2025

• $63,475,000 series 2016B taxable bonds due 2018 to 2021

DISTRICT OF COLUMBIA

• $102,825,000 series 2016 senior revenue bonds

• Negotiated

• H.J. Sims & Co. (lead)

• Proceeds to construct, equip and acquire a national law enforcement museum on E Street in Washington, D.C.

• $47,825,000 series 2016A senior bonds due 2031, 2036 and 2049

• $30 million series 2016B senior bonds due 2025 and 2027

• $25 million series 2016C subordinate bonds due 2049

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

ILLINOIS HOUSING DEVELOPMENT AUTHORITY

• $88,695,000 series 2016A taxable homeowner mortgage revenue bonds (Aa3/AA)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Ramirez & Co. Inc., RBC Capital Markets LLC, Barclays, Janney Montgomery Scott LLC and Mesirow Financial Inc. (co-managers)

• Bonds due 2016 to 2026 with term bonds due 2029 and 2034

• Proceeds to refund and/or redeem the authority’s outstanding series 2006A and 2006C revenue bonds

MISSOURI HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/LUTHERAN SENIOR SERVICES

• $58,575,000 series 2016A senior living facilities revenue bonds

• Negotiated

• Ziegler Inc. and PNC Capital Markets LLC (lead)

• Bonds due 2018 to 2026 with term bonds due 2036 and 2046

• Proceeds to construct, install and improve senior living facilities

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

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