Municipal Calendar: California gears up for $2 billion G.O. sale

Week of April 8

ALASKA HOUSING FINANCE CORP.: $135.14 million state capital project II bonds (/AA+/expected AA+); negotiated; KeyBanc Capital Markets Inc. (lead); J.P. Morgan Securities LLC, BofA Merrill Lynch, Raymond James/Morgan Keegan and Morgan Stanley & Co. LLC (co-managers); proceeds to refund debt and reimburse for government purpose obligations; pricing week of April 8.

• $85.14 million of series 2013A bonds due 2017 to 2033

• $50 million of series 2013B federal taxable floating-rate bonds due June 1, 2043

BROWNSVILLE (TEXAS): $114,505,000 series 2013A utilities system revenue refunding bonds (A2//A+); negotiated; Jefferies & Co. (lead); proceeds to refund outstanding series 2005 bonds for savings; pricing week of April 8.

CAPE GIRARDEAU COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/SAINT FRANCIS MEDICAL CENTER (MISSOURI): $123,835,000 of series 2013A health facilities revenue bonds (/A+/AA-); negotiated; Piper Jaffray & Co. and Wells Fargo Securities LLC; bonds due 2014 to 2026 with term bonds due 2028, 2033, 2038 and 2043; proceeds to finance, refinance and reimburse the costs of health facilities and to refund certain maturities from the outstanding series 2002A and series 2009A revenue bonds; pricing week of April 8.

DAYTON CITY SCHOOL DISTRICT (OHIO): $93,455,000 of series 2013 school facilities construction and improvement unlimited tax refunding notes (MIG 1//F1+); PNC Capital Markets, LLC (lead); KeyBanc Capital Markets Inc. (co-manager); due Oct. 15, 2013; proceeds to fund all or a portion of the outstanding series 2003A school facilities construction and improvement unlimited tax bonds; pricing week of April 8.

FLORIDA HURRICANE CATASTROPHE FUND FINANCE CORP.: $2 billion series 2013A revenue bonds (Aa3/AA-/AA); negotiated; Barclays; proceeds to increase the corporation's cash-on-hand ahead of the 2013 hurricane season; pricing week of April 8.

LOWER COLORADO RIVER AUTHORITY (TEXAS): $201.98 million series 2013A transmission contract revenue refunding bonds (A2/A/A+); negotiated; Citigroup Global Markets Inc. (lead); Barclays, BofA Merrill Lynch, Morgan Stanley & Co. LLC, BMO Capital Markets LLC, J.P. Morgan Securities LLC, RBC Capital Markets LLC, Rice Financial Products Co., Southwest Securities Inc. and Wells Fargo Securities LLC (co-managers); bonds due 2014 and 2024 to 2033 with term bond due in 2036; proceeds to refund existing debt; pricing week of April 8.

METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY (TENNESSEE): $227.91 million of series 2013 water and sewer revenue bonds (Aa3/AA-/); negotiated; Morgan Stanley & Co. LLC (lead); Jefferies & Co.; Raymond James/Morgan Keegan; Piper Jaffray & Co.; Rice Financial Products Co. and Wiley Bros.-Aintree Capital, LLC (co-managers); bonds due 2022 to 2033 and term bonds due 2038 and 2043; proceeds to retire $125 million outstanding water and sewer commercial paper bond anticipation notes on or before May 7 and finance various capital improvements; pricing week of April 8.

MIDLOTHIAN INDEPENDENT SCHOOL DISTRICT (TEXAS): $56,357,637.05 series 2013A tax-exempt refunding bonds; negotiated; First Southwest Co. (lead); Raymond James/Morgan Keegan and Wells Fargo Securities LLC (co-managers); proceeds to refund the district's series 2005 and 2006 unlimited tax school building bonds; pricing week of April 8.

• $56,025,000 current interest bonds

• $332,637.05 capital appreciation bonds

NEW JERSEY HEALTH CARE FACILITIES FINANCING AUTHORITY/GREYSTONE PARK PSYCHIATRIC HOSPITAL: $219.12 million of bonds; competitive; Acacia Financial Group, Inc. (financial adviser); proceeds to refund and defease all of the authority's outstanding series 2003 bonds and 2005 bonds and to finance the completion of the demolition and remediation of the psychiatric facilities; pricing week of April 8.

• $46.12 million of series 2013A Department of Human Services lease revenue bonds due 2029 to 2033

• $173 million of series 2013B lease revenue refunding bonds due Sept. 15, 2013 to Sept. 15, 2028

NEW JERSEY HEALTH CARE FACILITIES FINANCING AUTHORITY/MARLBORO PSYCHIATRIC HOSPITAL: $70.34 million of Department of Human Services series 2013 lease revenue bonds; competitive; Acacia Financial Group, Inc. (financial adviser); bonds due 2014 to 2033; proceeds to finance the demolition and remediation of the existing facilities at the Marlboro Psychiatric Hospital and the construction of group housing; pricing week of April 8.

NEW YORK STATE MORTGAGE AGENCY: $219,705,000 mortgage revenue bonds; negotiated; J.P. Morgan Securities LLC (lead); BofA Merrill Lynch; Citigroup Global Markets Inc.; Morgan Stanley & Co. LLC; Barclays Capital; Castle Oak Securities, LP; George K. Baum & Co.; Lebenthal & Co., LLC; M&T Securities, Inc.; Ramirez & Co., Inc.; Roosevelt & Cross Inc.; Siebert Brandford Shank & Co., LLC and Wells Fargo Securities LLC (co-managers); proceeds to acquire new mortgage loans and refund outstanding bonds; pricing week of April 8.

• $186,540,000 49th series bonds due 2020 to 2023with term bonds due 2041, 2028, 2033, 2038, 2041

• $33,165,000 50th series bonds due 2013 to 2017 with term bonds due 2022 and 2027

OKLAHOMA HOUSING FINANCE AGENCY: $57,295,000 of single-family mortgage revenue refunding bonds; negotiated; George K. Baum & Co. (lead); BofA Merrill Lynch and BOSC, Inc. (co-managers); due Sept. 1, 2041; proceeds to refund series 2009C-1 and series 2009C-2 bonds on May 1; pricing week of April 8.

• $24,935,000 series 2013A taxable bonds

• $32,360,000 series 2013B taxable bonds

RHODE ISLAND: $101.14 million of lease participation certificates (Aa3/AA-/AA-); negotiated; Raymond James/Morgan Keegan and Janney Montgomery Scott LLC (lead); BofA Merrill Lynch; Fidelity Capital Markets LLC; Morgan Stanley & Co. LLC; Oppenheimer & Co. Inc.; Ramirez & Co., Inc. and TD Securities (USA) LLC (co-managers); proceeds to defease outstanding debt; pricing week of April 8.

• $37,220,000 series 2013A Kent County Courthouse project lease participation refunding certificates due 2013 to 2023

• $37,325,000 series 2013B training school project lease participation refunding certificates due 2013 to 2024

• $17,730,000 series 2013C energy conservation projects lease participation refunding certificates due 2014 to 2023

• $8,865,000 series 2013D information technology project lease participation refunding certificates due 2014 to 2023

SUTTER HEALTH (CALIFORNIA): $300 million taxable bonds; negotiated; Morgan Stanley & Co. LLC and BofA Merrill Lynch (lead); Sutter Securities Inc. (co-manager); proceeds to finance capital projects, including reimbursement for prior capital expenditures; pricing week of April 8.

• $100 million series 2013A bonds

• $100 million series 2013B bonds

• $100 million series 2013C bonds

SUTTER HEALTH/CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY: $450 million revenue bonds; negotiated; Morgan Stanley and BofA Merrill Lynch (lead); Sutter Securities Inc. (co-manager); proceeds to finance the costs to construct, renovate and equip health care facilities; pricing week of April 8.

TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP./BAYLOR HEALTH CARE SYSTEM (TEXAS): $166,705,000 of series 2013A hospital revenue bonds (/AA-/); negotiated; J.P. Morgan Securities Inc. and Citigroup Global Markets Inc. (lead); Estrada Hinojosa & Co., Inc., Rice Financial Products Co. and Siebert Brandford Shank & Co., LLC (co-managers); proceeds to refinance the costs to construct and equip health care facilities for Baylor Health Care System; pricing week of April 8.

TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP./BAYLOR HEALTH CARE SYSTEM (TEXAS): $63,035,000 series 2013C taxable hospital revenue bonds (/AA-/); negotiated; J.P. Morgan Securities Inc. and Citigroup Global Markets Inc.; proceeds to refinance the costs to construct and equip health facilities for Baylor Health Care System; pricing week of April 8.

TRIBOROUGH BRIDGE AND TUNNEL AUTHORITY (NEW YORK): $200 million series 2013C general revenue bonds (Aa3/AA-/AA-); negotiated; Ramirez & Co., Inc. and Duncan-Williams, Inc. (lead); Siebert Brandford Shank & Co., LLC, CastleOak Securities, LP, Lebenthal & Co., LLC, Loop Capital Markets LLC, M.R. Beal & Co. and Rice Financial Products Co. (co-managers); proceeds to finance bridge and tunnel projects; pricing week of April 8.

April 10

HAMILTON COUNTY (TENNESSEE): $103.81 million of general obligation bonds (Aaa/AAA/AAA); competitive; Public Financial Management, Inc. (financial adviser); proceeds to pay the principal outstanding of the county's commercial paper bond anticipation notes, to provide funds for the payment or reimbursement of various school and governmental projects and to refund a portion of the county's series 2008 G.O. bonds; pricing April 10.

• $59,345,000 of series 2013A bonds due 2014 to 2028

• $44,465,000 of series 2013B bonds due 2014 to 2023

MICHIGAN: $200 million of series 2013A taxable general obligation school loan bonds (Aa2/AA-/AA); competitive; Robert W. Baird & Co. Inc. (financial adviser); due 2024 through 2033; proceeds for loans to school districts; pricing April 10.

NEVADA: $131.44 million of highway revenue motor vehicle series 2013 refunding bonds (Aa2/AA+/AA+); competitive; JNA Consulting Group, LLC and Montague DeRose and Associates LLC (financial advisers on the deal); serial maturities from 2016 through 2023; proceeds to refund all or a portion of the state's series 2005 and series 2006 highway improvement revenue motor vehicle fuel tax bonds; pricing April 10.

SNOHOMISH COUNTY (WASHINGTON): $105,735,000 of series 2013 limited tax general obligation bonds (Aa2/AA/); competitive; A. Dashen & Associates (financial adviser); due 2014 to 2043; proceeds to provide long-term financing for various projects; pricing April 10.

April 11

CALIFORNIA: $2 billion series 2013 general obligation bonds (A1/A/A-); negotiated; BofA Merrill Lynch (lead); Morgan Stanley & Co. LLC and Southwest Securities Inc. (co-managers); proceeds to finance capital improvements and refund debt; pricing April 11.

• $1.25 billion tax-exempt new-money bonds

• $750 million tax-exempt refunding bonds

Week of April 15

April 17

MULTNOMAH COUNTY SCHOOL DISTRICT NO. 1 (OREGON): $148.74 million of general obligation bonds (Aa1//); competitive; Seattle-Northwest Securities Corp. (financial adviser); proceeds to finance the costs of capital projects in the district; pricing April 17.

• $79,545,000 of series 2013A bonds due 2014 to 2015

• $69,195,000 of series 2013B bonds due 2014 to 2033

On the Horizon

BERKELEY COUNTY (SOUTH CAROLINA): $121,365,000 series 2013 combined utility system refunding bonds (Aa3/AA-/); negotiated; BofA Merrill Lynch (lead); Piper Jaffray & Co. and Raymond James/Morgan Keegan (co-managers); bonds due 2014 to 2030; proceeds to refund the county's series 2001 sewer system bonds, a portion of its series 2003 water and sewer system bonds and a portion of its series 2005A water and sewer system bonds.

BIRMINGHAM WATER WORKS BOARD (ALABAMA): $154.4 million bonds (Aa2/AA/); negotiated; Raymond James/Morgan Keegan (lead); Sterne, Agee & Leach, Inc., Benchmark Securities and Securities Capital Corp. (co-managers); proceeds to advance refund the board's series 2006-A water and sewer revenue bonds due 2040 and 2043.

• $81.97 million series 2013-A water revenue refunding bonds due 2015 to 2043

• $72.43 million series 2013-B water revenue bonds due 2030 to 2043

BREVARD COUNTY SCHOOL BOARD (FLORIDA): $118,445,000 series 2013 refunding certificates of participation (Aa3//AA-); negotiated; Citigroup Global Markets Inc. and Wells Fargo Securities LLC (lead); Raymond James/Morgan Keegan and Stifel, Nicolaus & Co. Inc. (co-managers); proceeds to refund the board's series 2002, 2004A-B and 2006A certificates of participation.

• $79.12 million series 2013A COPs due 2017 to 2030

• $39,325,000 series 2013B taxable COPs due 2014 to 2022

CHARLESTON EDUCATIONAL EXCELLENT FINANCING CORP. (SOUTH CAROLINA): $351.33 million series 2013B installment purchase revenue refunding bonds (Aa3/AA/); negotiated; Wells Fargo Securities LLC (lead); Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC (co-managers); bonds due 2018 to 2030; proceeds to acquire, construct and equip school facilities for the Charleston County School District, as well as to refund its series 2005 revenue bonds.

CONNECTICUT MUNICIPAL ELECTRIC ENERGY COOPERATIVE: $71.62 million of power supply system revenue bonds; negotiated; BMO Capital Markets Corp. (lead); Morgan Stanley & Co. LLC and Wells Fargo Securities LLC (co-managers); proceeds to finance the costs to acquire and construct generating units and to refund outstanding debt.

• $57.14 million of series 2013A bonds due 2014 to 2032 and term bonds due 2033 and 2038

• $14.48 million of series 2013B bonds due 2014 to 2018

COOK COUNTY (ILLINOIS): $90 million county road and highway improvement sales tax revenue bonds (//AAA); negotiated; Wells Fargo Securities LLC (lead); proceeds to finance road, bridge and highway infrastructure projects as part of the county's 2012 -2014 highway transportation plan.

DALLAS AND FORT WORTH (TEXAS)/DALLAS/FORT WORTH INTERNATIONAL AIRPORT: $369,415,000 series 2013A AMT joint revenue improvement bonds (A2/A+/A); negotiated; RBC Capital Markets LLC and M.R. Beal & Co. (lead); Raymond James/Morgan Keegan and Ramirez & Co. Inc. (co-managers); bonds due 2026 to 2045; proceeds to finance improvements and additions to the airport.

DISTRICT OF COLUMBIA/NATIONAL PUBLIC RADIO: $85.99 million series 2013 refunding revenue bonds (Aa3/AA-/); negotiated; Morgan Stanley & Co. LLC (lead); Loop Capital Markets LLC and J.P. Morgan Securities LLC (co-managers); proceeds to refund NPR's series 2010 revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/STATE UNIVERSITY OF NEW YORK: $271 million dormitory facilities revenue bonds; term to not exceed 21 years; proceeds to refund authority's series 2003A-B lease revenue bonds.

DOUGLAS COUNTY SCHOOL DISTRICT (GEORGIA): $116.91 million series 2013 general obligation refunding bonds (Aa2/AA+/); negotiated; Raymond James/Morgan Keegan (lead); bonds due 2018 to 2027; proceeds to refund existing G.O. debt.

EAGLE MOUNTAIN-SAGINAW INDEPENDENT SCHOOL DISTRICT (TEXAS): $53,845,000 series 2013A unlimited tax refunding bonds; negotiated; First Southwest Co. and Baird & Co. (lead); Raymond James/Morgan Keegan and Southwest Securities Inc. (co-managers); bonds due 2016 to 2033; proceeds to refund the district's series 2006 and 2007 unlimited tax school building bonds.

FAIRFAX COUNTY (VIRGINIA): $101,455,000 series 2013B public improvement bonds (Aaa/AAA/AAA); negotiated; Morgan Stanley & Co. LLC (lead); bonds due 2014 to 2024; proceeds to finance school, transportation, public safety, parks and recreation and other improvement, as well as to refund the county's series 2004A-B, 2005A, 2007A and 2008A public improvement bonds.

HAMPTON ROADS SANITATION DISTRICT (VIRGINIA): $215.22 million series 2013 wastewater revenue and refunding bonds (Aa2/AAA/AA+); negotiated; Raymond James/Morgan Keegan (lead); bonds due 2013 and 2019 to 2033 with term bond due in 2038; proceeds to finance capital wastewater projects and refund existing revenue bonds.

HOWARD HUGHES MEDICAL INSTITUTE (MARYLAND): $1.65 billion series 2013A taxable fixed-rate bonds (Aaa/AAA/); negotiated; J.P. Morgan Securities LLC, Goldman, Sachs & Co., Morgan Stanley & Co. LLC and BofA Merrill Lynch (lead); bonds due March 1, 2023; proceeds to fund an account established by the institute to create a reserve for its program spending.

ILLINOIS STATE TOLL HIGHWAY AUTHORITY: $500 million series 2013A toll highway senior revenue bonds (Aa3/AA-/AA-); negotiated; J.P. Morgan Securities LLC and Loop Capital Markets LLC (lead); RBC Capital Markets LLC, Wells Fargo Securities LLC, Cabrera Capital Markets LLC, KeyBanc Capital Markets Inc., Mesirow Financial Inc., PNC Capital Markets LLC, Raymond James/Morgan Keegan and U.S. Bancorp Investments Inc. (co-managers); proceeds to pay for a portion of the state's 15-year, $12.1 billion capital improvement plan.

KENTUCKY HOUSING CORP.: $107.86 million in two tranches of housing revenue bonds (Aaa/AAA/); negotiated; Citigroup Global Markets Inc. and BofA Merrill Lynch (lead); due Nov. 1, 2041; proceeds to refund outstanding debt.

• $52.94 million series 2013A bonds

• $54.92 million series 2013B bonds

LOUISIANA STATE UNIVERSITY AND AGRICULTURAL AND MECHANICAL COLLEGE: $103.58 million series 2013 auxiliary revenue bonds (A1//AA-); negotiated; Raymond James/Morgan Keegan (lead); Citigroup Global Markets Inc. and RBC Capital Markets LLC (co-managers); bonds due 2016 to 2033 with term bonds due 2035, 2038 and 2043; proceeds to construct new university buildings and demolish old facilities.

MASSACHUSETTS DEVELOPMENT FINANCE AGENCY/BOSTON UNIVERSITY: $110 million of series 2013X revenue bonds (A1/A/); negotiated; J.P. Morgan Securities LLC and Barclays; due Oct. 1, 2048; proceeds to finance and refinance capital projects, including renovations to the law school and construction of a new student residence hall for graduate medical students.

METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY (TENNESSEE): $377,885,000 series 2013A general obligation improvement bonds (Aa1/AA/); negotiated; Goldman, Sachs & Co. (lead); J.P. Morgan Securities LLC, Piper Jaffray & Co., Rice Financial Products Co., Jefferies & Co., Raymond James/Morgan Keegan, Duncan-Williams Inc. and Fifth Third Securities Inc. (co-managers); bonds due 2020 to 2033; proceeds to construct, equip, acquire and furnish capital projects and to retire a portion of the government's commercial paper bond anticipation notes.

METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA: $145.49 million series 2013 water revenue refunding bonds (Aa1/AAA/AA+); negotiated; Goldman, Sachs & Co. (lead for 2013A, 2013C); De La Rosa & Co. Inc., J.P. Morgan Securities LLC, Loop Capital Markets LLC and US Bancorp Inc. (co-managers for 2013A, 2013C); J.P. Morgan Securities LLC and Loop Capital Markets LLC (lead for 2013B); proceeds to refund existing water revenue bonds.

• $90.46 million series 2013A bonds due 2013 and 2018 to 2021

• $18.7 million series 2013B taxable bonds due 2018

• $13,505,000 series 2013C-1 bonds due 2027

• $14.02 million series 2013C-2 bonds due 2025

• $8,805,000 series 2013C-3 bonds due 2023

MINNESOTA HOUSING FINANCE AGENCY: $86.51 million series 2013B taxable homeownership finance bonds; negotiated; RBC Capital Markets LLC, Morgan Stanley & Co. LLC and Piper Jaffray & Co. (lead); bonds due Sept. 1, 2041; proceeds to redeem refunded bonds.

MUSKINGHUM/GENESIS HEALTHCARE SYSTEM (OHIO): $294.94 million series 2013 hospital facilities revenue bonds (Ba1/BB+/); negotiated; Barclays (lead); PNC Capital Markets LLC and Huntington Investment Co. (co-managers); bonds due 2018, 2023, 2033, 2043 and 2048; proceeds to finance the acquisition, construction, renovation, equipping and installation of health-care facilities and to refund and retire some outstanding taxable debt.

NEW JERSEY TURNPIKE AUTHORITY: $736,105,000 series 2013 turnpike revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); RBC Capital Markets LLC, PNC Capital Markets LLC, Raymond James/Morgan Keegan, Loop Capital Markets LLC and Mesirow Financial Inc. (co-managers); proceeds to refund the authority's series 2003C-1 revenue bonds, series 2005C revenue bonds and 2012D-E revenue bonds.

• $271 million series 2013C Sifma index bonds due 2017 to 2018

• $225 million series 2013D Sifma index bonds due 2022 to 2024

• $150 million series 2013E Sifma index bonds due 2022 to 2024

• $90,105,000 series 2013F fixed-rate bonds due 2026 to 2035

NORTHSIDE INDEPENDENT SCHOOL DISTRICT (TEXAS): $100 million series 2013 variable-rate unlimited tax school building bonds; negotiated; Robert W. Baird & Co. (lead); proceeds to acquire, construct, renovate, improve and equip various school facilities and sites.

NOVANT HEALTH, INC./NORTH CAROLINA MEDICAL CARE COMMISSION/INDUSTRIAL DEVELOPMENT AUTHORITY OF THE COUNTY OF PRINCE WILLIAM: $286.1 million of bonds (A1/A+/AA-); negotiated; bonds due Nov. 1, 2013 to Nov. 1, 2020 and term bonds due 2033, 2038, 2043 and 2046; J.P. Morgan Securities Inc. (lead); BofA Merrill Lynch, BB&T Capital Markets and Wells Fargo Securities LLC (co-managers); proceeds to finance the cost of additional health-care facilities, to refund certain bonds and to refinance debt.

• $146.68 million of series 2013A revenue and refunding bonds through North Carolina Medical Care Commission

• $139.42 million of series 2013B revenue and revenue refunding bonds through Industrial Development Authority of Prince William County

NOVANT HEALTH, INC. (NORTH CAROLINA): $250 million of series 2013C taxable bonds (A1/A+/AA-); negotiated; J.P. Morgan Securities Inc. (lead); BofA Merrill Lynch, BB&T Capital Markets and Wells Fargo Securities LLC (co-managers); due 2043; proceeds for corporate purposes, including to refinance long-term debt.

SONOMA COUNTY JUNIOR COLLEGE DISTRICT (CALIFORNIA): $121.99 million series 2013 general obligation bonds (Aa2); negotiated; Piper Jaffray & Co. (lead); proceeds to advance refund portions of the district's election of 2002 series C general obligation bonds.

SOUTH LYON COMMUNITY SCHOOLS (MICHIGAN): $55,525,000 series 2013 taxable unlimited tax general obligation refunding bonds; negotiated; Fifth Third Securities Inc. (lead); Stifel, Nicolaus & Co. Inc. and Edward D. Jones & Co. LP (co-managers); bonds due 2014 to 2023; proceeds to refund the school system's series 2005 refunding bonds.

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