Municipal Calendar: Metropolitan Transportation eyes $700 million note offering

Week of November 30

MICHIGAN FINANCE AUTHORITY

• $284,615,000 series 2015 local government program water supply system revenue bonds

• Negotiated

• Citigroup Global Markets Inc. (lead)

• Barclays, J.P. Morgan Securities LLC, BofA Merrill Lynch, PNC Capital Markets LLC, Loop Capital Markets LLC and Piper Jaffray & Co. (co-managers)

• Proceeds to purchase obligations held by the Detroit Water and Sewerage Department

• $155.96 million series 2015C bonds due 2021 to 2035

• $89,895,000 series 2015D-1 bonds due 2016 to 2034

• $38.76 million series 2015D-2 bonds due 2034

December 1

MASSACHUSETTS

• $550 million series 2015 consolidated loan general obligation bonds (Aa1//AA+)

• Competitive

• Public Resources Advisory Group (financial adviser)

• Proceeds to finance capital improvements as part of the state’s five-year capital improvement plan

• $150 million series 2015D bonds due 2026 to 2035

• $400 million series 2015E bonds due 2036 to 2045

December 2

DISTRICT OF COLUMBIA

• $250 million series 2016 general obligation tax revenue anticipation notes (MIG1/SP-1+/F1+)

• Competitive

• Acacia Financial Group Inc. and Public Financial Management Inc. (financial advisers)

• Notes due Sept. 30, 2016

• Proceeds to finance general government expenditures for the 2016 fiscal year

MARYLAND DEPARTMENT OF TRANSPORTATION

• $325 million series 2015 third issue consolidated transportation bonds (Aa1/AAA/AA+)

• Competitive

• Public Financial Management Inc. (financial adviser)

• Bonds due 2018 to 2030

• Proceeds to finance transportation capital projects

METROPOLITAN TRANSPORTATION AUTHORITY (NEW YORK)

• $700 million series 2015B transportation revenue bond anticipation notes

• Competitive

• Public Financial Management Inc. (financial adviser)

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

• Proceeds to finance existing approved transit and commuter projects

• $628 million series 2015B-1 tax-exempt bonds due Aug. 1, 2016

• $72 million series 2015B-2 taxable bonds

• $12 million series 2015B-2a bonds due Aug. 1, 2016

• $12 million series 2015B-2b bonds due Oct. 1, 2016

• $12 million series 2015B-2c bonds due Feb. 1, 2017

• $12 million series 2015B-2d bonds due June 1, 2017

• $12 million series 2015B-2e bonds due Oct. 1, 2017

• $12 million series 2015B-2f bonds due Feb. 1, 2018

TEXAS

• $150 million series 2015 college student loan bonds (Aaa/AAA/)

• Competitive

• First Southwest Co. (financial adviser)

• Bonds due 2020 to 2034

• Proceeds to fund various student loan programs

December 3

OHIO WATER DEVELOPMENT AUTHORITY

• $210 million series 2015A water pollution control loan fund revenue bonds (Aaa/AAA/)

• Negotiated

• RBC Capital Markets LLC and Stifel, Nicolaus & Co. Inc. (lead)

• Loop Capital Markets LLC, Mesirow Financial Inc., Siebert Brandford Shank & Co. LLC and U.S. Bancorp Investments Inc. (co-managers)

• Bonds due 2020 to 2026

• Proceeds to refund the authority’s series 1997, 2002, 2003, 2004, 2005, 2005B, 2009, 2010B-C, 2011B, 2012A and 2014 revenue bonds

Week of December 7

December 10

INDIANA MUNICIPAL POWER AGENCY

• $404 million series 2015 tax-exempt refunding bonds

• Negotiated

• Citigroup Global Markets Inc. (lead)

• Barclays, City Securities Corp., Goldman, Sachs & Co., Morgan Stanley & Co. LLC, PNC Capital Markets LLC and US Bank NA (co-managers)

• Proceeds to refund existing bonds

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

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

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

CITY OF INDUSTRY (CALIFORNIA)

• $330 million series 2015A taxable senior sales tax revenue refunding bonds (A1/A/)

• Negotiated

• Stifel, Nicolaus & Co. (lead)

• 2017 to 2051

• Proceeds to finance capital expenditures for the city, as well as to refund the city’s series 2008 sales tax revenue bonds

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

DELAWARE TRANSPORTATION AUTHORITY

• $221.35 million series 2015 U.S. 301 project revenue bonds (A1/AA-/)

• Negotiated

• BofA Merrill Lynch (lead)

• Citigroup Global Markets Inc., J.P. Morgan Securities LLC and M&T Securities Inc. (co-managers)

• Bonds due 2021 to 2023 and 2032 to 2035 with term bonds due 2040, 2045 and 2055

• Proceeds to finance a new 14-mile access-controlled highway near the Delaware-Maryland state line

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

FLORIDA DEVELOPMENT FINANCE CORP.

• $1.75 billion series 2015A-B All-Aboard Florida Passenger Rail project surface transportation facilities revenue bonds

• Negotiated

• BofA Merrill Lynch (lead)

• Proceeds to finance a commuter rail linking Miami with Orlando International Airport

FLORIDA DEVELOPMENT FINANCE CORP./SHANDS JACKSONVILLE MEDICAL CENTER

• $85 million series 2015 health care facilities revenue bonds

• Negotiated

• Bank of America, NA (purchaser)

• Proceeds to finance capital improvements to the medical center’s north campus in Jacksonville

GROSSMONT UNION HIGH SCHOOL DISTRICT (CALIFORNIA)

• $51.17 million series 2015 general obligation refunding bonds (Aa3)

• Negotiated

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

• Proceeds to refund series 2008 G.O. bonds

HAMILTON (OHIO)

• $103,655,000 series 2015 electric system revenue refunding notes (/SP-1+/)

• Negotiated

• Fifth Third Securities Inc. (lead)

• Notes due Sept. 27, 2016

• Proceeds to refund the city’s series 2002A-B electric system revenue refunding bonds and series 2014 bond anticipation notes

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

HIALEAH (FLORIDA)

• $50 million series 2015 special obligation revenue bonds (/A+/A-)

• Negotiated

• Stifel, Nicolaus & Co. (lead)

• BofA Merrill Lynch, RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers)

• Proceeds to pay an outstanding loan agreement between the city and the Florida Municipal Loan Council, as well as to refund the city’s series 2005A revenue bonds

• $25 million series 2015A taxable bonds due 2019 to 2030 with term bond due 2034

• $25 million series 2015B refunding bonds due 2016 to 2030 with term bond due 2034

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

KANSAS DEPARTMENT OF TRANSPORTATION

• $400 million series 2015B highway revenue bonds (Aa2/AAA/AA+)

• Negotiated

• Morgan Stanley & Co. LLC (lead)

• Barclays, BofA Merrill Lynch and J.P. Morgan Securities LLC (co-managers)

• Bonds due 2025 to 2035

• Proceeds to finance highway projects within the state.

KERRVILLE HEALTH FACILITIES DEVELOPMENT CORP./PETERSON REGIONAL MEDICAL CENTER

• $55.31 million series 2015 hospital revenue bonds (/BBB+/BBB+)

• Negotiated

• RBC Capital Markets LLC (lead)

• Proceeds to be lent to the medical center to refund outstanding 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 DEPARTMENT OF AIRPORTS (CALIFORNIA)/LOS ANGELES INTERNATIONAL AIRPORT

• $304,145,000 series 2015 senior revenue bonds (Aa3/AA/AA)

• Negotiated

• Siebert Brandford Shank & Co. LLC (lead)

• Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Ramirez & Co. Inc. and Stifel, Nicolaus & Co. Inc. ( (co-managers)

• Proceeds to finance interior and terminal improvements at LAX

• $276,085,000 series 2015D AMT bonds

• $28.06 million series 2015E non-AMT bond

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

MACON-BIBB COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (GEORGIA)/TUMHO TIRE GEORGIA INC.

• $160 million series 2015 industrial development revenue bonds (Aa3/P-1/AA-/A-1+/)

• Negotiated

• BofA Merrill Lynch (lead)

• Proceeds for a loan to Tumho Tire Georgia

• $100 million series 2015A taxable bonds due Dec. 1, 2022

• $60 million series 2015B taxable bonds due Dec. 1, 2022

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

MASSACHUSETTS DEVELOPMENT FINANCE AGENCY/LAHEY HEALTH

• $234.45 million series 2015F revenue bonds (/A+/A+)

• Negotiated

• Citigroup Global Markets Inc. (lead)

• BofA Merrill Lynch and Wells Fargo Securities LLC (co-managers)

• Proceeds to refund the agency’s series 2005C and 2007D revenue bonds

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

MISSION ECONOMIC DEVELOPMENT CORP./NATGASOLINE

• $1.4 billion series 2015 revenue bonds

• Negotiated

• BofA Merrill Lynch (lead)

• Credit Agricole CIB (co-manager)

• Proceeds to finance the construction, equipment and installation of a methanol production facility in Beaumont, Texas, for Natgasoline

• $1,159,860,000 series 2015A taxable senior lien revenue bonds

• $240.14 million series 2015B tax-exempt junior lien revenue bonds

MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT BOARD (TENNESSEE)/HANKOOK TIRES MANUFACTURING TENNESSEE LP

• $150 million series 2015 taxable bonds (Aa3/P-1/A/A-1/)

• Negotiated

• BofA Merrill Lynch (lead)

• Bonds due Dec. 1, 2024

• Proceeds to fund a loan to Hankook

• $1,159,860,000 series 2015A taxable senior lien revenue bonds

• $240.14 million series 2015B tax-exempt junior lien 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

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 HOUSING FINANCE AGENCY

• $53.88 million series 2015E affordable housing revenue bonds

• Negotiated

• Siebert Brandford Shank & Co. LLC and J.P. Morgan Securities LLC (lead)

• 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 2017 to 2026 with term bonds due in 2017, 2018, 2019, 2030, 2035, 2040 and 2048

• Proceeds to finance four mortgage loans for the construction and acquisition of affordable housing projects in Monroe, Onondaga, Broome and Bronx counties

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

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

OREGON

• $600 million series 2015A full faith and credit tax anticipation notes (MIG1/SP-1+/F1+)

• Negotiated

• Citigroup Global Markets Inc. and BofA Merrill Lynch (lead)

• Barclays, Goldman Sachs & Co. and J.P. Morgan Securities LLC (co-managers)

• Notes due Sept. 15, 2016

• Proceeds to finance cash needs for the coming fiscal year

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

SAN DIEGO PUBLIC FACILITIES FINANCING AUTHORITY (CALIFORNIA)

• $313.62 million series 2015 senior sewer revenue refunding bonds (/AA/AA)

• Negotiated

• BofA Merrill Lynch (lead)

• Academy Securities, Fidelity Capital Markets, Jefferies & Co. and Morgan Stanley & Co. LLC (co-managers)

• Bonds due 2016 to 2027

• Proceed to refund the authority’s series 2009A-B and 2010A sewer revenue bonds

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

UNIVERSITY OF MICHIGAN

• $312.44 million series 2015 general revenue bonds (Aaa/AAA/)

• Negotiated

• Morgan Stanley & Co. LLC (lead)

• BofA Merrill Lynch and Wells Fargo Securities LLC (co-managers)

• Proceeds to finance the renovation of student housing, a quadrangle space, an intramural sports building and other capital improvement projects, as well as to refund the university’s series J-1 commercial paper notes and its series 2002, 2008A and 2012F bonds

UNIVERSITY OF TEXAS SYSTEM

• $241.89 million series 2015-2016 permanent university fund bonds (Aaa/AAA/AAA)

• Negotiated

• Wells Fargo Securities LLC (lead)

• Goldman Sachs & Co., Loop Capital Markets LLC and Raymond James/Morgan Keegan (co-managers for 2015C), BOSC Inc., First Southwest Co., George K. Baum & Co. and Loop Capital Markets LLC (co-managers for 2016A)

• Proceeds to refund taxable commercial paper notes

• $126 million series 2015C taxable bonds due July 1, 2045

• $115.89 million series 2016A bonds due 2017 to 2035

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