Municipal Calendar: Connecticut coordinates $730 million bond offering

Week of September 29

CENTRAL MICHIGAN UNIVERSITY: $66,455,000 series 2014 general revenue and refunding bonds (Aa3/A+/); negotiated; Barclays; proceeds to construct, equip and furnish a biosciences building at the university’s main campus in Mount Pleasant; pricing week of Sept. 29.

CONNECTICUT: $730 million series 2014 transportation infrastructure special tax obligation bonds; negotiated; Raymond James/Morgan Keegan (senior); BofA Merrill Lynch, Citigroup Global Markets Inc., Goldman, Sachs & Co., RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-senior managers); Barclays, Cabrera Capital Markets LLC, CastleOak Securities LP, Edward D. Jones & Co. LP, Fidelity Capital Markets Inc., J.P. Morgan Securities LLC, Janney Montgomery Scott LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Roosevelt & Cross Inc., TD Securities (USA) LLC, The Williams Capital Group LP, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC (co-managers); proceeds to finance the construction, reconstruction, improvement and repair of state highways and other transportation projects, as well as to refund existing transportation bonds; pricing week of Sept. 29.

• $600 million series 2014A special tax obligation bonds due 2015 to 2034

• $130 million series 2014B special tax obligation refunding bonds due 2017 to 2025

DAYTON CITY SCHOOL DISTRICT (OHIO): $93,445,000 series 2014 school facilities construction and improvement refunding bonds (A2/A/); negotiated; PNC Capital Markets LLC and KeyBanc Capital Markets LLC (lead); bonds due 2015 to 2031; proceeds to refund notes and terminate a hedge agreement; pricing week of Sept. 29.

OHIO: $197 million series 2014 general obligation bonds (Aa1/AA+/AA+); competitive; proceeds to finance public infrastructure capital projects; pricing week of Sept. 29.

• $150 million series 2014C infrastructure improvement G.O. bonds due 2016 to 2034

• $35 million series S natural resources G.O. bonds due 2016 to 2029

• $12 million series M coal development G.O. bonds due 2016 to 2024

TEXAS TRANSPORTATION COMMISSION: $1.1 billion series 2014 Texas highway improvement general obligation bonds (Aaa/AAA/AAA); negotiated; J.P. Morgan Securities LLC (lead); RBC Capital Markets LLC, BofA Merrill Lynch, Fidelity Capital Markets Inc., Jefferies & Co., Loop Capital Markets LLC, Mesirow Financial Inc., Piper Jaffray & Co., Raymond James/Morgan Keegan and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2015 to 2036 with term bonds due 2039 and 2044; proceeds to finance or reimburse the Texas Highway Fund for highway capital improvement projects; pricing week of Sept. 29.

October 2

SHREVEPORT (LOUISIANA): $93.5 million series 2014 general obligation bonds; negotiated; Loop Capital Markets LLC and Wells Fargo Securities LLC (lead); First Southwest Co. and Southwest Securities Inc. (co-managers); bonds due 2015 to 2034; proceeds to finance improvements to the city’s water and sewer system, as well as its park and recreational facilities; pricing Oct. 2.

On the Horizon

ARIZONA HEALTH FACILITIES AUTHORITY/BANNER HEALTH: $205.06 million series 2014A revenue bonds (/AA-/AA-); negotiated; Morgan Stanley & Co. LLC and BofA Merrill Lynch (lead); proceeds to refinance interim debt incurred with the acquisition and improvement of the Banner Casa Grande Medical Center in Casa Grande, Ariz.; the construction, equipment and improvement of the Banner Fort Collins Medical Center in Fort Collins, Colo.; and the expansion, renovation and improvement of the M.D. Anderson Cancer Center and the Banner Gateway Medical Center.

DIGNITY HEALTH (CALIFORNIA): $718 million (up to $888 million) series 2014A taxable bonds (A3/A/A); negotiated; J.P. Morgan Securities LLC and Citigroup Global Markets Inc. (lead); Mizuho Securities, Barclays, Deutsche Bank Securities, Fifth Third Securities Inc. and Wells Fargo Securities LLC (co-managers); proceeds to reimburse the health care system for previous capital expenditures, fund future capital expenditures, refinance existing bonds and refinance amounts drawn on a line of credit facility.

DISTRICT OF COLUMBIA: $523.43 million series 2014 general obligation bonds (Aa2/AA/AA); negotiated; Loop Capital Markets LLC (lead); Jefferies & Co. Inc., Ramirez & Co. Inc., Academy Securities, Cabrera Capital Markets LLC, Citigroup Global Markets Inc., Mesirow Financial Inc., Raymond James/Morgan Keegan and TD Securities (USA) Inc. (co-managers); proceeds to finance capital projects under the city’s capital improvement plan, as well as to refund the city’s series 2008A and 2008D multimodal variable-rate G.O. bonds.

• $386,405,000 series 2014C G.O. bonds due 2017 to 2034 with term bond due in 2038

• $137,025,000 series 2014D G.O. refunding bonds due 2015 to 2033

FLORIDA DEVELOPMENT FINANCE CORP./RENAISSANCE CHARTER SCHOOL INC.: $52.96 million series 2014 educational facilities revenue bonds; negotiated; BB&T Capital Markets (lead); proceeds to finance the construction, acquisition and renovation of charter schools in Duval and Palm Beach counties in Florida.

• $44.78 million series 2014A bonds

• $8.18 million series 2014B taxable bonds

GRAND RIVER DAM AUTHORITY (OKLAHOMA): $314.03 million series 2014 revenue bonds (A1/A+/A); negotiated; J.P. Morgan Securities LLC and Barclays (lead); Citigroup Global Markets Inc., BOSC Inc. and BofA Merrill Lynch (co-managers); proceeds to fund additions, repairs and improvements to the dam system.

• $227.55 million series 2014A revenue bonds due 2018 to 2034 with term bond due in 2039

• $86.48 million series 2014B taxable revenue bonds due 2018 to 2029 with term bonds due in 2034 and 2039

MCKINNEY INDEPENDENT SCHOOL DISTRICT (TEXAS): $100.5 million series 2014 unlimited tax school building and refunding bonds (Aa2/AA/); negotiated; BOSC Inc. and RBC Capital Markets LLC (lead); Raymond James/Morgan Keegan and Piper Jaffray & Co. (co-managers); bonds due 2015 to 2039; proceeds to construct, equip, furnish and acquire school facilities, as well as to finance technology upgrades and refund the district’s series 2004 and 2005 school building and refunding bonds.

MESA (ARIZONA): $101,795,000 series 2014 utility systems revenue refunding bonds (Aa2/AA-/); negotiated; BofA Merrill Lynch (lead); J.P. Morgan Securities LLC and RBC Capital Markets LLC (co-managers); bonds due 2019 to 2030; proceeds to refund existing utility systems revenue bonds.

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.

NEWBERRY INVESTING IN CHILDREN’S EDUCATION (SOUTH CAROLINA): $60,395,000 series 2014 installment purchase revenue refunding bonds (A1/A/); negotiated; Wells Fargo Securities LLC (lead); Citigroup Global Markets Inc. and Piper Jaffray & Co. (co-managers); bonds due 2015 to 2030; proceeds to refund nonprofit’s series 2005 revenue bonds.

NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY: $644.06 million series 2014 school facilities construction bonds and notes (A2/A-/A-); negotiated; J.P. Morgan Securities LLC (lead); Citigroup Global Markets Inc., Loop Capital Markets LLC, Wells Fargo Securities LLC, Academy Securities, KeyBanc Capital Markets LLC, M&T Securities Inc., Piper Jaffray & Co., Siebert Brandford Shank & Co. LLC and Stifel, Nicolaus & Co. (co-managers); proceeds to finance the construction of new school facilities within the state, as well as to refund the authority’s series 2012G school facilities construction notes.

• $119.06 million series 2014K Sifma index refunding notes due Feb. 1, 2017

• $525 million series 2014UU school construction bonds due 2016 to 2034 with term bond due in 2040

NORTHERN PALM BEACH COUNTY IMPROVEMENT DISTRICT (FLORIDA): $55,875,000 series 2014 water control and improvement bonds; negotiated; Raymond James/Morgan Keegan and FMSbonds Inc. (lead); proceeds to make capital improvements to water Unit of Development No. 2C.

OHIO/UNIVERSITY HOSPITALS HEALTH SYSTEM: $75 million series 2014 hospital revenue bonds (A2/A/); negotiated; Barclays (lead for 2014A, sole for 2014B) and BofA Merrill Lynch (lead for 2014A); BB&T Capital Markets, Morgan Stanley & Co. LLC, PNC Capital Markets LLC, The Huntington Investment Co. and Wells Fargo Securities LLC (co-managers for 2014A); proceeds to refund one or more interim loans issued to refund the Parma Community General Hospital Association’s series 2006 bonds and the EMH Regional Medical Center’s series 1997, 2001 and 2008 bonds, as well as to construct, equip, furnish and repair additional hospital facilities within the system.

• $50 million series 2014A bonds

• $25 million series 2014B variable-rate bonds

PHOENIX INDUSTRIAL DEVELOPMENT AUTHORITY/GREAT HEARTS ACADEMIES PROJECT (ARIZONA): $80,855,000 series 2014A education facility revenue bonds; negotiated; Baird & Co. Inc. (lead); bonds due 2024, 2034 and 2044; proceeds to finance or refinance the costs of constructing, acquiring, improving and renovating five charter schools in the Phoenix area.

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

UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL: $265,815,000 series 2014 taxable general revenue refunding bonds (Aaa/AAA/AAA); negotiated; Wells Fargo Securities LLC and J.P. Morgan Securities LLC (lead); bonds due 2016 to 2020 with term bond due 2034; proceeds to refund certain maturities of the university’s series 2005A general revenue bonds.

WOODBURY HOUSING AND REDEVELOPMENT AUTHORITY (MINNESOTA): $54.71 million series 2014 revenue bonds; negotiated; Ziegler (lead); Dougherty & Co. and Northland Securities (co-managers); bonds due 2017 to 2024 with term bonds due 2029, 2034, 2044 and 2049; proceeds to construction, equipment, acquisition and furnishing of senior living facilities at St. Therese at Woodbury, including independent living apartment, assisted living facilities and a memory care center.

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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