Municipal Calendar: Port Authority of New York and New Jersey plans sale

Week of August 11

CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY/LOS ANGELES JEWISH HOME FOR THE AGING – FOUNTAINVIEW AT GONDA: $116 million series 2014 senior living health facility revenue bonds (/A/); negotiated; Cain Brothers (lead); proceeds to construct and develop a new assisted living facility in Playa Vista on 2.5 acres – the Fountainview at Gonda Westside; pricing week of Aug. 11.

• $33.76 million series 2014A bonds due 2019 to 2024 with term bonds due in 2034 and 2044

• $43.24 million series 2014B bonds due Aug. 1, 2021

• $39 million series 2014C bonds due Aug. 1, 2020

HUNTSVILLE (ALABAMA): $70.99 million series 2014 general obligation warrants (Aaa/AAA/); negotiated; Raymond James/Morgan Keegan (lead); Morgan Stanley & Co. LLC, Joe Jolly & Co. Inc. and Securities Capital Corp. (co-managers); proceeds to refund the city’s series 2005C, 2007A and 2009A-B G.O. warrants; pricing Aug. 14.

• $39,875,000 series 2014A G.O. refunding warrants due 2015 to 2037

• $18.68 million series 2014B G.O. lease refunding and capital improvement warrants due 2015 to 2033

• $12,435,000 series 2014C G.O. school refunding and capital improvement warrants due 2021 to 2024

NEW HAVEN (CONNECTICUT): $92.48 million series 2014 general obligation bonds (A3/BBB+/A-); negotiated; Raymond James/Morgan Keegan and Piper Jaffray & Co. (lead); proceeds to finance public improvements, including urban renewal and school projects, as well as to refund existing G.O. debt; pricing week of Aug. 11.

• $39.5 million series 2014A G.O. bonds due 2015 to 2034

• $52.98 million series 2014B G.O. refunding bonds due 2019 to 2024

PORT AUTHORITY OF NEW YORK AND NEW JERSEY: $833,785,000 series 184-185 consolidated bonds; negotiated; Citigroup Global Markets Inc. (lead); BofA Merrill Lynch, RBC Capital Markets LLC, Wells Fargo Securities LLC, Loop Capital Markets LLC, Ramirez & Co. Inc. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds for capital projects; pricing week of Aug. 11.

• $352.66 million series 184 bonds due 2016 to 2039

• $481,125,000 series 185 bonds due 2015 to 2034

Week of August 25

August 26

TEXAS: $5.4 billion series 2014 tax and revenue anticipation notes (MIG 1); competitive; George K. Baum & Co. (financial adviser); notes due Aug. 31, 2015; proceeds to finance capital expenditures for the coming fiscal year; pricing Aug. 26.

On the Horizon

ALBUQUERQUE BERNALILLO COUNTY WATER UTILITY AUTHORITY (NEW MEXICO): $185,155,000 series 2014 water and sewer system refunding revenue bonds; proceeds to advance refund the authority’s series 2005 New Mexico Public Project revolving fund loan agreement and its series 2006A revenue bonds.

• $97,165,000 series 2014A senior lien bonds (Aa2/AA+/AA) due 2015 to 2026

• $87.99 million series 2014B subordinate lien bonds (Aa3/AA/AA) due 2015 to 2025

BETHLEHEM AUTHORITY (PENNSYLVANIA): $69,615,000 series 2014 guaranteed water revenue bonds; negotiated; Janney Montgomery Scott LLC (lead); BofA Merrill Lynch and PNC Capital Markets LLC (co-managers); bonds due 2015 to 2032; proceeds to finance long-term capital improvements to the water system, as well as to currently refund the authority’s series 1997A, 2004 and 2010 guaranteed water revenue bonds.

BRIDGEPORT (CONNECTICUT): $68,895,000 series 2014A general obligation bonds (A2/A/); negotiated; William Blair & Co. Inc. and Raymond James/Morgan Keegan (lead); bonds due 2017 to 2034; proceeds to finance capital projects for the city.

DISTRICT OF COLUMBIA: $158.3 million series 2014A income tax secured revenue refunding bonds (Aa1/AAA/AA+); negotiated; Siebert Brandford Shank & Co. LLC and Rice Financial Products Co. (lead); J.P. Morgan Securities LLC and Wells Fargo Securities LLC (co-managers); bonds due 2014 to 2025; proceeds to refund the city’s series 2003 and 2006 certificates of participation.

LOS ANGELES COMMUNITY FACILITIES DISTRICT NO. 4 (CALIFORNIA): $85,785,000 series 2014 special tax refunding bonds (/BBB/); negotiated; Piper Jaffray & Co. (lead); bonds due 2015 to 2031; proceeds to refund the district’s series 2003 special tax bonds.

MIAMI BEACH HEALTH FACILITIES AUTHORITY/MOUNT SINAI MEDICAL CENTER (FLORIDA): $165,615,000 series 2014 hospital revenue and refunding bonds (Baa1/BBB/); negotiated; Raymond James/Morgan Keegan and Wells Fargo Securities LLC (lead); bonds due 2015 to 2029 with term bonds due in 2034, 2039 and 2044; proceeds to finance or reimburse the medical center for costs related to the construction of a replacement inpatient surgery tower and a replacement emergency department, as well as to refund existing debt.

NASSAU COUNTY (NEW YORK): $200 million series 2014 tax and revenue anticipation notes (/SP-1+/F1+); competitive; First Southwest Co. and TKG & Associates (financial advisers); notes due June 30, 2015; proceeds to finance city capital expenditures in the coming fiscal year.

NIAGARA FRONTIER TRANSPORTATION AUTHORITY (NEW YORK)/BUFFALO NIAGARA INTERNATIONAL AIRPORT: $79.44 million series 2014 airport revenue bonds (Baa1//BBB+); negotiated; BofA Merrill Lynch (lead); RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to refund the authority’s series 1998 and 1999A-B revenue bonds.

• $66,685,000 series 2014A AMT refunding bonds due 2015 to 2029

• $12,755,000 series 2014B non-AMT refunding bonds due 2016 to 2019

PITTSBURGH (PENNSYLVANIA): $50 million series 2014 general obligation bonds (A1/A+/); negotiated; PNC Capital Markets LLC (lead); Samuel A. Ramirez & Co. Inc. and Loop Capital Markets LLC (co-managers); proceeds to finance capital projects, including roads, parks, recreational facilities, bridges and other improvements.

SAN DIEGO COUNTY (CALIFORNIA): $94.13 million series 2014 certificate of participation (/AA+/AA+); negotiated; BofA Merrill Lynch (lead); Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Academy Securities (co-managers); proceeds to prepay prior certificates and refund the county’s series 2005 COPs.

• $92.05 million series 2014A refunding certificates of participation due 2015 to 2029

• $2.08 million series 2014B taxable refunding certificates of participation due 2015 to 2018

SAN DIEGO COUNTY REGIONAL TRANSPORTATION COMMISSION (CALIFORNIA): $350 million series 2014A sales tax revenue bonds (/AAA/AAA); negotiated; Citigroup Global Markets Inc. (lead); BofA Merrill Lynch, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (co-managers); bonds due 2015 to 2034 with term bonds due 2039, 2044 and 2048; proceeds to finance highway improvements to the Interstate 5, 15, 805 State Route 52 and 76 corridors, as well as to retire subordinate commercial paper notes.

TOBACCO SETTLEMENT FINANCING CORP. (RHODE ISLAND): $593,655,000 series 2014 tobacco settlement asset-backed bonds (/A/BBB+); negotiated; Citigroup Global Markets Inc. and BofA Merrill Lynch (lead); Janney Montgomery Scott LLC, Oppenheimer & Co. Inc. and Raymond James/Morgan Keegan (co-managers); proceeds to make a payment of no less than $20 million to the state, refund the corporation’s series 2002A bonds and fund the purchase at the open market purchase price of certain maturities of the corporation’s series 2007.

• $336,065,000 series 2014A bonds due 2015 to 2029 with term bonds due 2034 and 2039

• $257.59 million series 2014B bonds due 2039, 2044 and 2049

WESTMINSTER (MARYLAND)/LUTHERAN VILLAGE AT MILLER’S CROSSING: $104.28 million series 2014 revenue bonds; negotiated; H.J. Sims & Co. (lead); proceeds to finance capital projects for Lutheran Village at Miller’s Crossing, an assisted-living facility operated by Carroll Lutheran Village Inc., as well as to repay a pre-development loan.

• $61.26 million series 2014A project revenue bonds due 2024, 2034 and 2044

• $6.77 million series 2014B entrance fee principal redemption bonds due 2023

• $21.25 million series 2014C entrance fee principal redemption bonds due 2021

• $15 million series 2014D entrance fee principal redemption bonds due 2019

YSLETA INDEPENDENT SCHOOL DISTRICT (TEXAS): $80.08 million series 2014 unlimited tax refunding bonds; negotiated; BOSC Inc. (lead); Jefferies & Co., Ramirez & Co. Inc. and RBC Capital Markets LLC (co-managers); bonds due 2014 to 2030; proceeds to refund the district’s series 2006 unlimited tax school building bonds.

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