Municipal Calendar: Ohio State University offers $630 million bonds

Week of February 29

GRAND RAPIDS PUBLIC SCHOOLS (MICHIGAN):

• $134.87 million series 2016 school building and site and refunding bonds

• Negotiated

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

• Bonds due 2017 to 2041

• Proceeds to construct, equip and improve school buildings in the district, acquire sites for future school facilities and refund existing debt

METROPOLITAN TRANSPORTATION AUTHORITY (NEW YORK):

• $500 million series 2016A dedicated tax fund refunding bonds (/AA/AA)

• Negotiated

• Wells Fargo Securities LLC (lead)

• BofA Merrill Lynch and Goldman Sachs & Co. (co-senior managers)

• Academy Securities Inc., BNY Mellon Capital Markets LLC, Jefferies & Co., J.P. Morgan Securities LLC, Loop Capital Markets LLC and Rice Financial Products Co. (co-managers)

• Proceeds to refund existing bonds

OHIO STATE UNIVERSITY:

• $630 million series 2016 general receipts bonds (Aa1/AA/AA)

• Negotiated

• Barclays and RBC Capital Markets LLC (lead)

• KeyBanc Capital Markets LLC, Wells Fargo Securities LLC, BofA Merrill Lynch, Goldman Sachs & Co., PNC Capital Markets LLC and U.S. Bancorp Investments Inc. (co-managers)

• Proceeds to improve and construct university facilities and refund the university’s series 2005A general receipts bonds

• $600 million series 2016A taxable bonds

• $30 million series 2016B tax-exempt bonds

PRINCETON UNIVERSITY (NEW JERSEY):

• $100 million series 2016A taxable bonds (Aaa/AAA)

• Negotiated

• Goldman Sachs & Co. (lead)

• Proceeds for general corporate purposes, including financing and refinance capital projects

SAN DIEGO PUBLIC FACILITIES FINANCING AUTHORITY (CALIFORNIA):

• $401,485,000 series 2016A senior sewer revenue refunding bonds (/AA+/AA)

• Negotiated

• Wells Fargo Securities LLC (lead)

• Academy Securities Inc., BofA Merrill Lynch and Drexel Hamilton LLC (co-managers)

• Bonds due 2016 and 2020 to 2039

• Proceeds to refund the authority’s series 2009A-B and 2010A bonds

March 3

FREMONT UNIFIED SCHOOL DISTRICT (CALIFORNIA):

• $130 million election of 2014 series 2016B general obligation bonds

• Competitive

• Keygent LLC (lead)

• Proceeds to acquire, improve, equip, upgrade and renovate school facilities

MASSACHUSETTS:

• $1,101,335,000 series 2016 general obligation bonds (Aa1/AA+/AA+)

• Negotiated

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

• Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Barclays, Fidelity Capital Markets LLC, Loop Capital Markets LLC, Ramirez & Co. Inc., Raymond James/Morgan Keegan, RBC Capital Markets LLC and Rice Financial Products Co. (co-managers)

• Proceeds to fund capital projects in the state

• $600 million series 2016A consolidated loan general obligation bonds due 2018 to 2038 with term bonds due 2041 and 2046

• $501,335,000 series 2016A general obligation refunding bonds due 2016 to 2033

On The Horizon

ANTELOPE VALLEY HEALTHCARE DISTRICT (CALIFORNIA):

• $140 million series 2016A tax-exempt revenue bonds (Ba3)

• Negotiated

• Lancaster Pollard (lead)

• Proceeds to finance seismic improvements to district facilities and refund existing bonds

BLACK BELT ENERGY GAS DISTRICT (ALABAMA):

• $1 billion series 2016 gas supply revenue bonds

• Negotiated

• RBC Capital Markets LLC (sole)

• Bonds due 2017 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

HAMPTON ROADS SANITATION DISTRICT (VIRGINIA):

• $206,845,000 series 2016A subordinate wastewater revenue bonds (/AA/AA)

• Negotiated

• BofA Merrill Lynch (lead)

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

• Bonds due 2016 to 2043

• Proceeds to finance wastewater capital improvements as part of the district’s capital improvement program

NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY:

• $150 million series 2016E-4 adjustable-rate future tax secured subordinate bonds (Aa1/AAA/AAA)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• Bonds due Feb. 1, 2045

• Proceeds to finance city capital expenditures

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.