Municipal Calendar: University of California to price $950 million of bonds

Week of March 31

HAMILTON COUNTY (OHIO)/UC HEALTH: $80,175,000 series 2014 hospital facilities revenue bonds (A3/A-/); negotiated; RBC Capital Markets LLC (lead); proceeds to finance the acquisition of a parking garage at the hospital's University of Cincinnati Medical Center campus, the expansion of an emergency room facility at the campus and the refunding of the health system's series 2001C revenue bonds; pricing week of March 31.

LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY/EAST BATON ROUGE SEWERAGE COMMISSION: $209,025,000 series 2014A subordinate lien revenue bonds (A1/A+/AA-); negotiated; J.P. Morgan Securities LLC and Citigroup Global Markets Inc. (lead); Raymond James/Morgan Keegan, Loop Capital Markets LLC, Siebert Brandford Shank & Co. LLC and Stephens Inc. (co-managers); bonds due 2025 to 2040 with term bond due in 2044; proceeds to finance the upgrade, construction, extension and rehabilitation of the sewer system operated by the commission; pricing week of March 31.

MISSISSIPPI STATE UNIVERSITY EDUCATIONAL BUILDING CORP.: $99.84 million series 2014 revenue bonds (Aa2//AA); negotiated; Morgan Stanley & Co. LLC and Raymond James/Morgan Keegan (lead); proceeds to finance certain improvements and capital expenditures, including the construction, furnishing and equipment of a classroom building with parking, as well as to current refund the corporation's series 2004A revenue bonds and to advance refund all or a portion of the corporation's series 2005 revenue bonds; pricing week of March 31.

• $76,395,000 series 2014A new facilities and refinancing revenue bonds due 2014 to 2034 with term bonds due 2039 and 2043

• $23,445,000 series 2014B new facilities revenue bonds due 2014 to 2029 with term bonds due 2034 and 2043

April 2

NEVADA: $61,745,000 series 2014 general obligation bonds (Aa2/AA/AA+); competitive; Public Finance and JNA Consulting Group LLC (financial advisers); proceeds to finance capital projects and to fund open space and recreational facility improvements, as well as to refund the state's series 2005B G.O. bonds; pricing April 2.

• $49,355,000 series 2014A capital improvement and cultural affairs bonds due 2019 to 2033

• $5.21 million series 2014B natural resources and refunding bonds due 2016 to 2029

• $2 million series 2014C open space, parks and natural resources bonds due 2019 to 2029

• $5.18 million series 2014D safe drinking water revolving fund matching and refunding bonds due 2015 to 2019

April 3

UNIVERSITY OF CALIFORNIA: $950 million series AM-AN general revenue bonds (Aa2/AA/); negotiated; Wells Fargo Securities LLC, Goldman, Sachs & Co. and Siebert Brandford Shank & Co. LLC (lead); Academy Securities Inc.; Backstrom McCarley Berry & Co. LLC; Barclays; Blaylock Robert Van LLC; CastleOak Securities LP; Citigroup Global Markets Inc.; Fidelity Capital Markets Inc.; Jefferies & Co.; Morgan Stanley & Co. LLC; Prager & Co. LLC; Ramirez & Co. Inc.; Raymond James/Morgan Keegan; Stern Brothers & Co.; U.S. Bancorp Investments Inc.; and The Williams Capital Group LP (co-managers); proceeds to finance or refinance capital projects for certain of the university's campuses; pricing April 3.

• $550 million series AM tax-exempt bonds

• $400 million series AN taxable bonds

UNIVERSITY OF TEXAS SYSTEM: $270 million series 2014A revenue financing system bonds (Aaa/AAA/AAA); negotiated; Wells Fargo Securities LLC and Piper Jaffray & Co. (lead); Citigroup Global Markets Inc., Estrada Hinojosa & Co. Inc., Fidelity Capital Markets LLC, FirstSouthwest Co., Frost Bank, Ramirez & Co. Inc. and RBC Capital Markets LLC (co-managers); proceeds to finance capital projects for the university as well as to refinance commercial paper notes; pricing April 3.

Week of April 7

April 8

VIRGINIA BEACH (VIRGINIA): $89,545,000 series 2014A general obligation improvement bonds (Aaa/AAA/AAA); competitive; Public Resources Advisory Group (financial adviser); bonds due 2015 to 2034; proceeds to finance city and public school improvements; pricing April 8.

April 10

ILLINOIS: $250 million series of April 2014 general obligation bonds; competitive; Public Resources Advisory Group (financial adviser); bonds due 2015 to 2039; proceeds to finance transportation capital projects; pricing April 10.

On the Horizon

ENERGY NORTHWEST (WASHINGTON): $646.5 million series 2014 electric revenue and refunding bonds (Aa1/AA-/AA); negotiated; J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Goldman, Sachs & Co. and BofA Merrill Lynch (underwriters); proceeds to finance capital improvements to the Columbia Generating Station and to refund the corporation's series 2004A, 2004C, 2007A, 2008A, 2009A-B and 2011A revenue bonds.

• $529.8 million series 2014A Columbia Generating Station electric revenue and refunding bonds due 2016 to 2034 with term bond due in 2040

• $26,015,000 series 2014A project 3 electric revenue refunding bonds due 2015

• $90,685,000 series 2014B Columbia Generating Station taxable revenue and refunding bonds due 2015 to 2018 and 2030 to 2032 with term bond due in 2040

INDIANA FINANCE AUTHORITY: $89,715,000 series 2014 state revolving fund program bonds; negotiated; Goldman, Sachs & Co. (lead); BofA Merrill Lynch, Jefferies & Co., PNC Capital Markets LLC and Ramirez & Co. Inc. (co-managers); proceeds to finance loans to eligible local government entities for capital projects and to refund existing debt.

• $18,155,000 series 2014A bonds due Feb. 1, 2015

• $71.56 million series 2014B refunding bonds due 2015 to 2022

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.

• Series 2014A tax-exempt bonds

• Series 2014B taxable bonds

MASSACHUSETTS HOUSING FINANCE AGENCY: $67,941,172 series 2014A taxable rental development pass-through revenue bonds (Aaa/AA+/); negotiated; Barclays (lead); bonds due Jan. 15, 2046; proceeds to acquire U.S. Treasury obligations.

MASSACHUSETTS INSTITUTE OF TECHNOLOGY: $550 million series C taxable bonds (/AAA/); negotiated; Barclays, Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC (lead); proceeds to finance current or future capital projects as well as to refinance existing debt.

MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY: $83.93 million series 2014A non-AMT rental housing revenue bonds; negotiated; BofA Merrill Lynch and J.P. Morgan Securities LLC (lead); Barclays and Morgan Stanley & Co. LLC (co-managers); bonds due 2015 to 2024 with term bonds due in 2029, 2034, 2039, 2044 and 2050; proceeds to finance recently originated mortgage loans to construct and rehabilitate rental housing developments.

MICHIGAN STRATEGIC FUND/FACILITY FOR RARE ISOTOPE BEAMS PROJECT AT THE UNIVERSITY OF MICHIGAN: $83,885,000 series 2014 limited obligation revenue bonds (Aa3); negotiated; Citigroup Global Markets Inc. (lead); BMO Capital Markets LLC and PNC Capital Markets LLC (co-managers); bonds due 2015 to 2032; proceeds to fund the community share of the project, which is a national nuclear science facility to be constructed on the University of Michigan campus.

PALM BEACH COUNTY HEALTH FACILITIES AUTHORITY/SINAI RESIDENCES OF BOCA RATON (FLORIDA): $189,885,000 series 2014 revenue bonds; negotiated; H.J. Sims & Co. (lead); proceeds to fund a loan to Sinai Residences of Boca Raton for capital improvements to the corporation's facilities, as well as to refund existing notes.

• $120,885,000 series 2014A bonds due 2024, 2034 and 2049

• $14 million series 2014B entrance fee principal redemption bonds due 2023

• $55 million series 2014C entrance fee principal redemption bonds due 2021

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.

SAN JUAN UNIFIED SCHOOL DISTRICT (CALIFORNIA): $55 million election of 2002 series 2014 general obligation refunding bonds; negotiated; KeyBanc Capital Markets LLC (lead); bonds due 2014 to 2030; proceeds to advance refund the district's series 2007 bonds.

UNIVERSITY OF CONNECTICUT: $220 million series 2014 general obligation bonds (Aa3/AA/AA-); negotiated; Wells Fargo Bank N.A. (lead); Jefferies & Co.; Piper Jaffray & Co.; J.P. Morgan Securities LLC; BofA Merrill Lynch; Blaylock Beal Van LLC; Cabrera Capital Markets LLC; Estrada Hinojosa & Co. Inc.; Fidelity Capital Markets LLC; Goldman, Sachs & Co.; Morgan Stanley & Co. LLC; Ramirez & Co. LLC; Raymond James/Morgan Keegan; RBC Capital Markets LLC; Roosevelt & Cross Inc.; Siebert Brandford Shank & Co. LLC; and U.S. Bancorp Investments Inc. (co-managers); proceeds to finance capital improvements at the university and to refund existing G.O. debt.

• $120 million series 2014A G.O. bonds due 2015 to 2034

• $100 million series 2014B G.O. refunding bonds due 2015 to 2025

YALE UNIVERSITY (CONNECTICUT): $250 million series 2014 medium-term notes; negotiated; Barclays and Goldman, Sachs & Co. (lead); proceeds to repay notes previously issued by the university.

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