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Published on 2/26/2014 in the Prospect News Municipals Daily.

Municipal Calendar: Delaware coordinates $225 million bond offering

Week of February 24

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/FORDHAM UNIVERSITY: $62,445,000 series 2014 revenue bonds (A2/A/); negotiated; BofA Merrill Lynch (lead); bonds due 2014 to 2044; proceeds to acquire a condominium unit on Columbus Avenue in Manhattan for administrative and academic office space and lecture rooms at the Lincoln Center campus; pricing week of Feb. 24.

INLAND VALLEY DEVELOPMENT SUCCESSOR AGENCY (CALIFORNIA): $270 million series 2014 tax allocation refunding bonds (/A-/); negotiated; Barclays (lead); proceeds to repay outstanding loans and refund the agency's series 2011B-C bonds; pricing week of Feb. 24.

• Series 2014A tax-exempt bonds

• Series 2014B taxable bonds

SUMTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/CENTRAL FLORIDA HEALTH ALLIANCE: $50 million series 2014A hospital revenue bonds (Baa1/BBB+/); negotiated; PNC Capital Markets LLC (lead); proceeds to reimburse The Villages Regional Hospital of The Villages, Fla., for capital improvements to the hospital's facilities; pricing week of Feb. 24.

February 27

DELAWARE: $225 million series 2014 general obligation bonds; competitive; Public Financial Management Inc. (financial adviser); bonds due 2015 to 2029 and 2031 to 2034; proceeds to finance capital facilities and projects within the state; pricing Feb. 27.

Week of March 3

March 5

MARYLAND: $741.03 million series 2014 state and local facilities loan general obligation bonds (Aaa/AAA/AAA); competitive; Public Financial Management Inc. (financial adviser); proceeds to finance a variety of state capital projects, including school and highway project, as well as loans to state and local governmental facilities; pricing March 5.

• $450 million first series 2014A tax-exempt bonds due 2018 to 2029

• $50 million first series 2014B taxable bonds due 2017 to 2018

• $241.03 million first series 2014C tax-exempt refunding bonds due 2014 to 2021

Week of March 10

March 12

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $850 million series 2014 state personal income tax revenue bonds (/AAA/AA); negotiated; Citigroup Global Markets Inc. (lead); proceeds to refund higher-interest bonds and replace them with lower-cost debt; pricing March 12.

• $800 million series 2014A tax-exempt fixed-rate refunding bonds

• $50 million series 2014B taxable fixed-rate bonds

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.

JEA (FLORIDA): $75 million series 2014A bulk power supply system revenue bonds (Aa2/AA-/AA); negotiated; Jefferies & Co. (lead); BofA Merrill Lynch; Barclays; BMO Capital Markets LLC; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; J.P. Morgan Securities LLC; Loop Capital Markets LLC; Morgan Stanley & Co. LLC; Piper Jaffray & Co.; RBC Capital Markets LLC; Raymond James/Morgan Keegan; and U.S. Bancorp Investments Inc. (co-managers); proceeds to refund all or a portion of the authority's series 2008A revenue bonds.

KENTUCKY ASSET/LIABILITY COMMISSION: $171.39 million series 2014 federal highway trust fund first series A-B bonds (A1/AA/A+); negotiated; Goldman, Sachs & Co. (lead); Citigroup Global Markets Inc.; J.J.B Hilliard, W.L. Lyons LLC; Raymond James/Morgan Keegan; PNC Capital Markets LLC; First Kentucky Securities Corp.; Edward D. Jones & Co. LP; Fifth Third Securities; and Sterne, Agee & Leach Inc. (co-managers); proceeds to construct bridges over Kentucky Lake and expand U.S. Highway 68/Kentucky State Highway 80, as well as to refund existing debt.

• $131.53 million series 2014A bonds due 2023 to 2026

• $39.86 million series 2014B bonds due 2015 to 2017

NEW YORK (NEW YORK): $650 million series 2014I-1 general obligation bonds; negotiated; Citigroup Global Markets Inc. (lead); BofA Merrill Lynch; J.P. Morgan Securities LLC; Morgan Stanley & Co. LLC; Jefferies & Co.; Siebert Brandford Shank & Co. LLC; Barclays; Janney Montgomery Scott LLC; PNC Capital Markets LLC; RBC Capital Markets LLC; Southwest Securities Inc.; Fidelity Capital Markets LLC; Lebenthal & Co. LLC; Ramirez & Co. Inc.; Rice Financial Products Co.; Goldman, Sachs & Co.; Loop Capital Markets LLC; Raymond James/Morgan Keegan; Roosevelt & Cross Inc.; Wells Fargo Securities LLC; Blaylock Beal Van LLC; Cabrera Capital Markets LLC; Drexel Hamilton LLC; and TD Securities (USA) LLC (co-managers); bonds due 2016 to 2039; proceeds to finance capital projects.

OREGON FACILITIES AUTHORITY/PEACEHEALTH: $65,905,000 series 2014A refunding revenue bonds (/A/A+); negotiated; Goldman, Sachs & Co. (lead); BofA Merrill Lynch and Wells Fargo Securities LLC (co-managers); proceeds to refund the Oregon Health, Housing, Educational and Cultural Facilities Authority series 2001 revenue bonds issued for PeaceHealth.

PUBLIC FINANCE AUTHORITY/USA PLACE PARKING FACILITIES LLC (ARIZONA): $103.5 million series 2014 taxable parking revenue bonds; negotiated; KeyBanc Capital Markets LLC (lead); bonds due Feb. 1, 2021; proceeds to construct, equip, acquire and renovate a multilevel parking facility for the USA Place multi-use center anchored by a hotel and conference center in Tempe.

RED RIVER HEALTH FACILITIES DEVELOPMENT CORP./MRC THE CROSSINGS (TEXAS): $74.86 million series 2014 retirement facility revenue bonds; negotiated; Ziegler Capital Inc. (lead); proceeds to acquire property and construct 116 independent living apartments for the MRC The Crossings retirement community in League City, Texas.

• $61.86 million series 2014A fixed-rate bonds

• $7.85 million series 2014B-1 tax-exempt mandatory paydown securities

• $4.5 million series 2014B-2 tax-exempt mandatory paydown securities

• $650,000 series 2014C taxable mandatory paydown securities

REGENTS OF THE STATE OF UTAH: $208.3 million series 2014A taxable senior student loan revenue bonds (/AA-/A-1+/); negotiated; RBC Capital Markets LLC (lead); bonds due Feb. 1, 2049; proceeds to acquire student loans.

SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY AND COUNTY OF SAN FRANCISCO (CALIFORNIA): $55,425,000 series 2014A tax allocation bonds (/BBB+/); negotiated; De La Rosa & Co. Inc. and Backstrom McCarley Berry & Co. LLC (lead); proceeds to reimburse FOCIL-MB LLC, the primary contractor for the Mission Bay South project, a residential and commercial complex bordered by the San Francisco Bay and Interstate 280 freeway, for construction costs.

UNIVERSITY OF TEXAS SYSTEM: $217,185,000 series 2014B permanent university fund bonds (Aaa/AAA/AAA); negotiated; Goldman, Sachs & Co. and Raymond James/Morgan Keegan (lead); Comerica Securities Inc., George K. Baum & Co., Loop Capital Markets LLC, Mesirow Financial Inc., Morgan Stanley & Co. LLC and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2015 to 2016, 2024, to 2025, 2027 and 2031 to 2033; proceeds to refund the university system's series 2004A-B permanent university fund bonds.


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