Municipal Calendar: New Jersey Economic Development preps $2.22 billion deal

Week of August 24

August 25

CALIFORNIA WATER RESOURCES AUTHORITY/CENTRAL VALLEY

• $109.39 million series AU water system revenue index floating-rate bonds (Aa1/AAA/)

• Negotiated

• Stifel, Nicolaus & Co. Inc. (lead)

• Proceeds to refund all of the authority’s series 1 water revenue commercial paper notes

COBB-MARIETTA COLISEUM AND EXHIBIT HALL AUTHORITY (GEORGIA)/COBB COUNTY COLISEUM

• $372.55 million series 2015 taxable revenue bonds

• Competitive

• Public Financial Management Inc. (financial adviser)

• Bonds due 2017 to 2047

• Proceeds to finance the construction of the Cobb County Coliseum

HARRIS COUNTY (TEXAS)

• $100 million series 2015 tax anticipation notes (MIG 1//F1+)

• Competitive

• First Southwest Co. (financial adviser)

• Notes due Feb. 29, 2016

• Proceeds to finance capital expenditures ahead of the collection of ad valorem taxes

NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY

• $2.22 billion series 2015 school facilities bonds (//A-)

• Negotiated

• BofA Merrill Lynch (lead)

• Morgan Stanley & Co. LLC, RBC Capital Markets LLC, Drexel Hamilton LLC, FTN Financial Capital Markets, Janney Montgomery Scott LLC, Mesirow Financial Inc., Powell Capital Markets Inc., Ramirez & Co. Inc. and Siebert Brandford Shank & Co. LLC (co-managers)

• Proceeds to finance school construction projects and refund outstanding school debt

• $500 million series 2015WW school facilities construction bonds

• $860 million series 2015XX school facilities construction refunding bonds

• $860 million series 2015YY taxable school facilities construction refunding bonds

August 26

ALASKA MUNICIPAL BOND BANK

• $155,065,000 series 2015-3 general obligation and refunding bonds (/AA+/AA+)

• Negotiated

• RBC Capital Markets LLC (lead)

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

• Bonds due 2016 to 2044

• Proceeds to make three loans to governmental units and refund existing bonds

CALIFORNIA

• $1.85 billion series 2015 various purpose general obligation bonds

• Negotiated

• Proceeds to finance capital expenditures for the state

GUAM

• $404,865,000 series 2015D business privilege tax bonds (/A/A-)

• Negotiated

• Barclays and Citigroup Global Markets Inc. (lead)

• Bonds due 2017 to 2039

• Proceeds to refund the government’s series 2007A and 2009A general obligation bonds

LAKE HAVASU CITY (ARIZONA)

• $164,685,000 series 2015 senior-lien wastewater bonds

• Negotiated

• J.P. Morgan Securities LLC (lead)

• Citigroup Global Markets Inc. and RBC Capital Markets LLC (co-managers)

• Proceeds to prepay certain loan agreements

• $70,085,000 series 2015A revenue general obligation refunding bonds (Aa3/AA-/) due 2016 to 2037

• $94.6 million series 2015B revenue refunding bonds (A2/A-/) due 2040 and 2045

Day-to-Day

PUERTO RICO AQUEDUCT AND SEWER AUTHORITY

• $750 million series 2015A senior lien revenue bonds (Caa3//CC)

• Negotiated

• BofA Merrill Lynch and J.P. Morgan Securities LLC (lead)

• Popular Securities and Santander Securities (co-managers)

• Proceeds to finance capital projects under the authority’s five-year capital improvement plan

On The Horizon

CINCINNATI (OHIO)

• $140,175,000 series 2015 general obligation bonds (Aa2/AA-/)

• Negotiated

• RBC Capital Markets LLC (lead)

• KeyBanc Capital Markets Inc., PNC Capital Markets LLC and Rice Financial Products Co. (co-managers)

• Proceeds to finance city vehicle acquisitions; improvements to park and recreational facilities, streets and other public buildings; and refunding outstanding bond anticipation notes

• $122.05 million series 2015A unlimited tax various purpose G.O. improvement and refunding bonds due 2015 to 2035 with term bond due 2040

• $3.45 million series 2015B taxable qualified energy conservation G.O. bonds due 2035

• $14,675,000 series 2015C unlimited tax various purpose taxable G.O. refunding bonds due 2015 to 2026

CLIFTON HIGHER EDUCATION FINANCE CORP. (TEXAS)/INTERNATIONAL LEADERSHIP OF TEXAS

• $111,235,000 series 2015 education revenue bonds

• Negotiated

• BB&T Capital Markets Inc. (lead)

• Proceeds to finance the construction, equipment, improvement and acquisition of classrooms, administrative spaces and facilities for open-enrollment charter schools in Fort Worth, Garland and Arlington

• $105.87 million series 2015A bonds

• $5,365,000 series 2015B taxable bonds due 2016 to 2019

DISTRICT OF COLUMBIA

• $99.03 million series 2015 revenue bonds

• Negotiated

• H.J. Sims & Co. (lead)

• Proceeds to construct, design, furnish, equip and improve a 57,000 square-foot national law enforcement museum in D.C.

• $76,095,000 series 2015A bonds due 2025, 2030, 2035, 2044 and 2049

• $22,935,000 series 2015B bonds due July 1, 2025

HARRIS COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP. (TEXAS)/BAYLOR COLLEGE OF MEDICINE

• $75 million series 2015 medical facilities mortgage revenue refunding bonds (/A-/)

• Negotiated

• BofA Merrill Lynch and Barclays (lead)

• Bonds due Nov. 15, 2045

• Proceeds to refund the corporation’s series 2012B revenue bonds issued for Baylor College of Medicine

HOUSTON (TEXAS)

• $150 million series 2015D-E combined utility system revenue refunding bonds (/AA/AA)

• Negotiated

• Citigroup Global Markets Inc. (lead)

• Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Coastal Securities Inc., IFS Securities Inc. and RBC Capital Markets LLC (co-managers)

• Proceeds to the city’s series 2005, 2006, 2006A, 2007A-B, 2008B and 2009A revenue bonds

IDAHO HOUSING AND FINANCE ASSOCIATION

• $157,555,000 series 2015A grant and revenue anticipation refunding bonds (A2//A+)

• Negotiated

• Citigroup Global Markets Inc. (lead)

• Barclays, BofA Merrill Lynch and Morgan Stanley & Co. LLC (co-senior managers)

• D.A. Davidson & Co., KeyBanc Capital Markets Inc., Piper Jaffray & Co., RBC Capital Markets LLC, Siebert Brandford Shank & Co. LLC, U.S. Bancorp Investments Inc., Wells Fargo Securities LLC and Zions Bank (co-managers)

• Proceeds to refund the association’s series 2006 and 2008A bonds

LEE MEMORIAL HEALTH SYSTEM (FLORIDA)

• $277,065,000 series 2015A hospital revenue and revenue refunding bonds (A2/A/)

• Negotiated

• BofA Merrill Lynch (lead)

• Proceeds to finance a construction project at the Golisano Children’s Hospital of Southwest Florida in Fort Myers, as well as to refund existing revenue bonds

LOS ANGELES COUNTY REDEVELOPMENT REFUNDING AUTHORITY (CALIFORNIA)

• $158 million series 2015 tax allocation revenue refunding bonds (/AA-/)

• Negotiated

• Stifel, Nicolaus & Co. Inc. and Citigroup Global Markets Inc. (lead)

• Proceeds to partially refund the authority’s series 2002 and 2005 tax allocation bonds

• $76 million series 2015A tax-exempt bonds

• $82 million series 2015B taxable bonds

LUZERNE COUNTY (PENNSYLVANIA)

• $140 million series 2015 general obligation refunding bonds

• Negotiated

• Citigroup Global Markets Inc. (lead)

• Proceeds to refund the county’s series 1998A, 2002C and 2005A bonds and its series 2006A notes

MARIN COUNTY (CALIFORNIA)

• $82.84 million series 2015 certificates of participation (Aa2/AA+/)

• Competitive

• Wulff, Hansen & Co. (financial adviser)

• Bonds due 2015 to 2045

• Proceeds to finance the construction, equipment, acquisition and improvement of county facilities, as well as to refund the county’s series 2010 COPs

MASSACHUSETTS

• $150 million series 2015 special obligation dedicated tax revenue bonds

• Negotiated

• Proceeds to finance capital project

METROPOLITAN TRANSPORTATION AUTHORITY (NEW YORK)

• $400 million series 2015D transportation revenue refunding bonds

• Negotiated

• Goldman, Sachs & Co. (senior bookrunner)

• Citigroup Global Markets Inc., Loop Capital Markets LLC and RBC Capital Markets LLC (co-senior managers)

• BofA Merrill Lynch, Jefferies & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC, Wells Fargo Securities LLC, Academy Securities Inc., Barclays, BNY Mellon Capital Markets, Cabrera Capital Markets Inc., CastleOak Securities LP, Drexel Hamilton LLC, Duncan-Williams Inc., Estrada Hinojosa & Co. Inc., Fidelity Capital Markets Inc., Janney Montgomery Scott LLC, KeyBanc Capital Markets LLC, M&T Securities Inc., Mesirow Financial Inc., Oppenheimer & Co., Piper Jaffray & Co., PNC Capital Markets LLC, Raymond James/Morgan Keegan, Rice Financial Products Co., Roosevelt & Cross Inc., Stern Brothers & Co., Stifel, Nicolaus & Co. Inc., TD Securities USA LLC, U.S. Bancorp Investments Inc. and The Williams Capital Group LP (co-managers)

• Proceeds to refinance debt issued for transit and commuter projects

METROPOLITAN WASHINGTON AIRPORTS AUTHORITY (DISTRICT OF COLUMBIA)

• $350,025,000 series 2015 airport system revenue and refunding bonds (A1/AA-/AA-)

• Negotiated

• Morgan Stanley & Co. LLC and RBC Capital Markets LLC (lead)

• Citigroup Global Markets Inc., Goldman, Sachs & Co., Raymond James/Morgan Keegan and Siebert Brandford Shank & Co. LLC (co-managers)

• Proceeds to finance airport capital improvements and refund the authority’s series 2005B revenue bonds

• $283,925,000 series 2015B AMT revenue and refunding bonds

• $35,455,000 series 2015C non-AMT refunding bonds

• $30,645,000 series 2015D taxable revenue refunding bonds

MICHIGAN FINANCE AUTHORITY/MCLAREN HEALTH

• $154,555,000 series 2015D hospital revenue refunding bonds (Aa3//AA-)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• Proceeds to refund series 2008A-B revenue bonds

• $78.94 million series 2015D-1 bonds

• $75,615,000 series 2015D-2 bonds

MINNEAPOLIS (MINNESOTA)/FAIRVIEW HEALTH SERVICES

• $116,805,000 series 2015A health care system revenue bonds (A2/A+/)

• Negotiated

• Citigroup Global Markets Inc. and RBC Capital Markets LLC (lead)

• Proceeds to construct, equip, acquire and improve facilities at the University of Minnesota Medical Center and to refund the health service’s series 1997, 2000, 2002 and 2005 revenue bonds

MONTGOMERY INDEPENDENT SCHOOL DISTRICT (TEXAS)

• $232,405,000 series 2015 unlimited tax school building and refunding bonds (Aaa/AAA/)

• Negotiated

• Piper Jaffray & Co. (lead)

• Coastal Securities Inc., Raymond James/Morgan Keegan, Stifel, Nicolaus & Co. Inc. and Wells Fargo Securities LLC (co-managers)

• Bonds due 2017 to 2045

• Proceeds to construct, equip, acquire and renovate school buildings in the district, as well as to refund the district’s series 2006A school building bonds, series 2006B refunding bonds and series 2007 school building bonds

NEBRASKA INVESTMENT FINANCE AUTHORITY

• $125 million series 2015 single-family housing revenue bonds

• Negotiated

• J.P. Morgan Securities LLC (lead for 2015C, sole for 2015D)

• Ameritas Investment Corp., D.A. Davidson & Co., First National Capital Markets Inc. and George K. Baum & Co. (co-managers for 2015C)

• Proceeds to purchase, originate or acquire mortgage loans

• $90 million series 2015C non-AMT bonds (/AA+/) due 2016 to 2026 with term bonds due 2030, 2035 and 2045

• $35 million series 2015D AMT variable-rate bonds (/AA+/A-1+/) due Sept. 1, 2032

NEW YORK STATE HOUSING FINANCE AGENCY

• $92.79 million series 2015C affordable housing revenue bonds

• Negotiated

• Barclays (lead)

• J.P. Morgan Securities LLC, Siebert Brandford Shank & Co. LLC, BofA Merrill Lynch, Citigroup Global Markets Inc., Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Ramirez & Co. Inc. and Wells Fargo Securities LLC (co-managers)

• Bonds due 2015 to 2026 with term bonds due 2018, 2019, 2030, 2035, 2040 and 2048

• Proceeds to finance six mortgage loans for affordable housing projects within the state

NEW YORK STATE MORTGAGE AGENCY

• $151,775,000 series 2015 homeowner mortgage revenue bonds

• Negotiated

• Citigroup Global Markets Inc. (lead)

• BofA Merrill Lynch, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Academy Securities, Barclays, Blaylock Beal Van LLC, CastleOak Securities LP, Loop Capital Markets LLC, Ramirez & Co. Inc. and Raymond James/Morgan Keegan (co-managers)

• Proceeds to purchase recently originated mortgages, acquire new mortgages and finance down payment assistance loans

• $45.41 million series 192 non-AMT bonds due Oct. 1, 2031 and Oct. 1, 2035

• $20.64 million series 193 non-AMT bonds due 2016 to 2018 with term bond due 2040

• $85,725,000 series 194 AMT bonds due 2018 to 2026 with term bonds due 2028 and 2035

NORTHWEST INDEPENDENT SCHOOL DISTRICT (TEXAS)

• $137,618,471.60 series 2015A unlimited tax refunding bonds

• Negotiated

• BOSC Inc. (lead)

• Raymond James/Morgan Keegan and RBC Capital Markets LLC (co-managers)

• Bonds due 2015 to 2033

• Proceeds to refund the district’s series 2005 refunding bonds, 2008 school building and refunding bonds, 2009 school building bonds and 2010 school building bonds

ONONDAGA COUNTY RESOURCE RECOVERY AGENCY (NEW YORK)

• $52,965,000 series 2015 revenue bonds (A2/AA/)

• Negotiated

• TD Securities (USA) Inc. (lead)

• Proceeds to provide capital funding for agency and refund series 2003B bonds

PAYNE COUNTY ECONOMIC DEVELOPMENT AUTHORITY (OKLAHOMA)/EPWORTH LIVING AT THE RANCH

• $107.52 million series 2015 revenue bonds

• Negotiated

• Ziegler Inc. (lead)

• Proceeds to be loaned by the authority to the corporation for the construction, equipment, improvement, renovation and acquisition of The Ranch, an Epworth Living Community, a senior housing facility with 114 independent living units in Stillwater, Okla.

• $84.02 million series 2015A bonds

• $8 million series 2015B-1 tax-exempt mandatory paydown securities

• $12.75 million series 2015B-2 tax-exempt mandatory paydown securities

• $2.75 million series 2015C taxable mandatory paydown securities

SOUTH SAN ANTONIO INDEPENDENT SCHOOL DISTRICT (TEXAS)

• $307.44 million series 2015 unlimited tax school building and refunding bonds (Aaa//AAA)

• Negotiated

• Frost Bank and Citigroup Global Markets Inc. (lead)

• J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Siebert Brandford Shank & Co. LLC and Stephens Inc. (co-managers)

• Bonds due 2016 to 2045

• Proceeds to construct, equip, acquire and renovate school buildings in the district and to refund the district’s outstanding bonds

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