Municipal Calendar: Baltimore County coordinates $428.77 million bond offering

Week of January 27

PIMA COUNTY (ARIZONA): $53.61 million series 2014 certificates of participation (/A+/AA-); negotiated; RBC Capital Markets LLC (lead); proceeds to finance capital projects for the county; pricing week of Jan. 27.

TRIBOROUGH BRIDGE AND TUNNEL AUTHORITY (NEW YORK): $350 million series 2014A general revenue bonds and general revenue bond anticipation notes; negotiated; BofA Merrill Lynch and Cabrera Capital Markets LLC (lead for 2014A bonds, sole for 2014A notes); Citigroup Global Markets Inc.; Goldman, Sachs & Co.; J.P. Morgan Securities LLC; Jefferies & Co.; Loop Capital Markets LLC; Morgan Stanley & Co. LLC; Ramirez & Co. Inc.; RBC Capital Markets LLC; Siebert Brandford Shank & Co. LLC; Wells Fargo Securities LLC; Barclays, M.R. Beal & Co. Inc.; BNY Mellon Capital Markets LLC; CastleOak Securities LP; Duncan-Williams Inc.; Estrada Hinojosa & Co. Inc.; Fidelity Capital Markets LLC; Janney Montgomery Scott LLC; KeyBanc Capital Markets Inc.; Lebenthal & Co. LLC; M&T Securities Inc.; Mesirow Financial Inc.; Oppenheimer & Co. Inc.; Piper Jaffray & Co. Inc.; PNC Capital Markets LLC; Raymond James/Morgan Keegan; Rice Financial Products Co.; Roosevelt & Cross Inc.; Stern Brothers & Co.; Stifel, Nicolaus & Co. Inc.; TD Securities Inc.; U.S. Bancorp Investment Corp.; and The Williams Capital Group LP (co-managers for 2014A bonds); proceeds to finance bridge and tunnel projects; pricing week of Jan. 27.

• $250 million series 2014A general revenue bonds

• $100 million series 2014A general revenue bond anticipation notes due May 15, 2015

January 30

BALTIMORE COUNTY (MARYLAND): $428.77 million series 2014 general obligation bonds (//AAA) and G.O. bond anticipation notes (//F1+); competitive; Public Resources Advisory Group (financial adviser); proceeds to finance public improvement projects and refund existing debt; pricing Jan. 30.

• $60 million series 2014 metropolitan district bonds due 2016 to 2044

• $140 million series 2014 Baltimore County consolidated public improvement bonds due 2016 to 2034

• $28.77 million series 2014 Baltimore County metropolitan district bonds due 2015 to 2034

• $200 million series 2014 G.O. BANs due Feb. 25, 2015

CLARK COUNTY (NEVADA): $50 million series 2014 Las Vegas Convention and Visitors Authority general obligation bonds (Aa1/AA/); competitive; Hobbs, Ong & Associates Inc. and Public Financial Management Inc. (financial advisers); bonds due 2018 to 2043; proceeds to acquire, construct, equip and renovate county recreational facilities; pricing Jan. 30.

PHILADELPHIA (PENNSYLVANIA): $155,475,000 series 2014A general obligation refunding bonds (A2/A+/A-); negotiated; Citigroup Global Markets Inc. and Siebert Brandford Shank & Co. LLC (lead); J.P. Morgan Securities LLC, Mesirow Financial Inc., PNC Capital Markets LLC, RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers); bonds due 2014 to 2034 with a term bond due in 2038; proceeds to advance refund the city's series 2008B G.O. bonds; pricing Jan. 30.

TARRANT REGIONAL WATER DISTRICT (TEXAS): $323.74 million series 2014 water revenue bonds (/AAA/AA); competitive; First Southwest Co. and Loop Capital Markets LLC (financial adviser); bonds due 2014 to 2029; proceeds to plan, design, construct and acquire improvements to the Tarrant County, Texas, water system; pricing Jan. 30.

TULSA (OKLAHOMA): $50 million series 2014 general obligation bonds (Aa1/AA/); competitive; bonds due 2016 to 2034; proceeds to finance the construction of streets and bridges in the city; pricing Jan. 30.

VIRGINIA COMMONWEALTH UNIVERSITY: $200 million series 2014 taxable general revenue bonds (Aa3/AA-/); negotiated; Wells Fargo Securities LLC (lead); proceeds to finance capital projects for the university; pricing Jan. 30.

Week of February 3

February 6

UNIFIED GOVERNMENT OF WYANDOTTE/KANSAS CITY (KANSAS): $73.28 million series 2014 municipal temporary notes; competitive; Springsted Inc. (financial adviser); notes due March 1, 2015; proceeds to finance capital projects for the government; pricing Feb. 6.

• $62,765,000 series 2014-I notes

• $5,585,000 series 2014-II notes

• $4.93 million series 2014-III notes

On the Horizon

ALASKA HOUSING FINANCE CORP.: $96,005,000 series 2014A state capital project bonds II; negotiated; J.P. Morgan Stanley & Co. LLC (lead); BofA Merrill Lynch, KeyBanc Capital Markets Inc. and Raymond James/Morgan Keegan (co-managers); bonds due 2016 to 2033; proceeds to refund existing corporation obligations.

ALASKA MUNICIPAL BOND BANK: $62.41 million series 2014 general obligation bonds (Aa2//AA+); negotiated; RBC Capital Markets LLC (lead for 2014A-1); J.P. Morgan Securities LLC (lead for 2014B-1); proceeds to make loans to governmental units.

• $48.32 million series 2014A-1 tax-exempt bonds due 2015 to 2039

• $14.09 million series 2014B-1 taxable bonds due 2015 to 2022

CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY/CALIFORNIA BAPTIST UNIVERSITY: $61,015,000 series 2014 revenue bonds; negotiated; D.A. Davidson & Co. (lead); proceeds to acquire an apartment complex for student housing and to lease student housing for the School of Nursing.

• $54,925,000 series 2014A bonds due 2023, 2033 and 2043

• $6.09 million series 2014B bonds due 2019

CHEROKEE COUNTY SCHOOL SYSTEM (GEORGIA): $71.09 million series 2014 general obligation bonds (Aa1/AA+/); negotiated; Citigroup Global Markets Inc. (lead); proceeds to acquire, construct and improve school facilities, as well as to acquire upgraded technology for the system.

GRANBURY INDEPENDENT SCHOOL DISTRICT (TEXAS): $80,025,000 series 2014 unlimited tax school building bonds; negotiated; Southwest Securities Inc. (lead); First Southwest Co., Raymond James/Morgan Keegan, Wells Fargo Securities LLC and Edward D. Jones & Co. LP (co-managers); bonds due 2015 to 2039; proceeds to construct, equip and acquire school buildings in the district.

GRAND PARKWAY TRANSPORTATION CORPORATION (TEXAS): $733.13 million series 2014A subordinate tier toll revenue refunding bond anticipation notes (/SP-1+/); negotiated; Goldman, Sachs & Co. (lead); BofA Merrill Lynch, J.P. Morgan Securities LLC, Ramirez & Co. Inc., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC (co-managers); notes due Dec. 15, 2016; proceeds to refund a portion of the corporation's series 2013C bonds.

ILLINOIS: $1 billion series of February 2014 general obligation bonds; negotiated; Citigroup Global Markets Inc. (lead); Baird & Co., George K. Baum & Co. and Fifth Third Securities Inc. (co-senior managers); CastleOak Securities LP, Drexel Hamilton LLC, Estrada Hinojosa & Co. Inc., Sterne, Agee & Leach Inc. and The Williams Capital Group LP (co-managers); bonds due 2015 to 2034 with term bond due in 2039; proceeds to finance capital development, transportation, school and job development projects within the state.

MARYLAND DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT: $91,465,000 series 2014 residential revenue bonds (//AA); negotiated; J.P. Morgan Securities LLC (lead); BofA Merrill Lynch, RBC Capital Markets LLC, Loop Capital Markets LLC, M&T Securities Inc. and Morgan Stanley & Co. LLC (co-managers); proceeds to finance loans to qualified statewide recipients.

• $54,765,000 series 2014A non-AMT bonds due 2016 to 2024 with term bonds due in 2029 and 2032

• $36.7 million series 2014B AMT bonds due 2014 to 2016 with term bond due in 2044

REGIONAL TRANSPORTATION AUTHORITY (ILLINOIS): $105,565,000 series 2014A general obligation bonds (Aa3/AA/AA); competitive; Backstrom McCarley Berry & Co. LLC (financial adviser); bonds due 2015 to 2044; proceeds to finance the construction, acquisition, renovation and improvement of certain public transportation facilities as part of the authority's capital program; pricing day-to-day.

SAN DIEGO COUNTY REGIONAL AIRPORT AUTHORITY (CALIFORNIA): $315,365,000 series 2014 senior special facilities revenue bonds (A3/A-/); negotiated; Siebert Brandford Shank & Co. LLC and J.P. Morgan Securities LLC (lead); Cabrera Capital Markets LLC, Citigroup Global Markets Inc., Jefferies & Co. and Loop Capital Markets LLC (co-managers); proceeds to finance the construction of a centralized rental car facility at San Diego International Airport.

• $30.62 million series 2014A non-AMT tax-exempt bonds

• $284,745,000 series 2014B taxable bonds

UNIVERSITY OF ILLINOIS: $180,485,000 series 2014 auxiliary facilities system revenue bonds (Aa3/AA-/); negotiated; Wells Fargo Securities LLC (lead); Cabrera Capital Markets LLC and Loop Capital Markets LLC (co-managers); proceeds to finance improvements and expansions at the State Farm Center arena, as well as a new residence hall at the university's Urbana campus.

• $162.67 million series 2014A bonds due 2023 to 2034 with term bonds due 2039 and 2044

• $17,815,000 series 2014B taxable bonds due 2014 to 2023

UNIVERSITY OF MASSACHUSETTS BUILDING AUTHORITY: $306,625,000 series 2014 project revenue bonds (Aa2/AA-/AA); negotiated; Barclays and Citigroup Global Markets Inc. (lead); BofA Merrill Lynch, Cabrera Capital Markets LLC, Jefferies & Co., Fidelity Capital Markets LLC, Janney Montgomery Scott LLC, Morgan Stanley & Co. LLC, Lebenthal & Co. LLC, Loop Capital Markets LLC, Roosevelt & Cross Inc., Ramirez & Co. Inc., Raymond James/Morgan Keegan, Drexel Hamilton LLC, J.P. Morgan Securities LLC, Piper Jaffray & Co. and Wells Fargo Securities LLC (co-managers); proceeds to finance the construction, improvement, acquisition and equipment of university facilities throughout the system.

• $301.61 million series 2014-1 tax-exempt bonds

• $5,015,000 series 2014-2 taxable bonds

WASHINGTON STATE UNIVERSITY: $55,775,000 series 2014 general revenue bonds (Aa2/AA/); negotiated; Goldman, Sachs & Co. (lead); Baird & Co., Barclays and J.P. Morgan Securities LLC (co-managers); bonds due 2015 to 2039; proceeds to construct dining and housing facilities for the university, as well as to construct a new technology laboratory.

© 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.