Municipal Calendar: California coordinates $1.48 billion G.O. bonds

Week of April 18

FLORIDA BOARD OF EDUCATION:

• $183,325,000 series 2016B public education capital outlay refunding bonds (//AAA)

• Competitive

• Bonds due 2017 to 2037

• Proceeds to refund the board’s series 2006C PECO bonds

LOUISIANA:

• $359,295,000 series 2016 general obligation refunding bonds (/AA/AA-)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• Goldman Sachs & Co., Raymond James/Morgan Keegan, Loop Capital Markets LLC and Drexel Hamilton LLC (co-managers)

• Proceeds to refund existing G.O. debt

• $283.94 million series 2016B bonds due 2022 to 2029

• $75,355,000 series 2016C taxable bonds due 2017 to 2021

NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY/MONTCLAIR STATE UNIVERSITY:

• $117.58 million series 2016B revenue refunding bonds (A1//AA-)

• Negotiated

• Barclays (lead)

• Janney Montgomery Scott LLC, Ramirez & Co. Inc. and Raymond James/Morgan Keegan (co-managers)

• Bonds due 2019 to 2038

• Proceeds to refund the university’s series 2006J and 2008J revenue bonds

April 19

CALIFORNIA:

• $1,488,795,000 series 2016 various purpose general obligation bonds (Aa3/AA-/A+)

• Competitive

• Public Resources Advisory Group (financial adviser)

• Proceeds to finance capital projects, pay outstanding G.O. commercial paper notes and current refund the state’s series 2013A highway safety, traffic reduction, air quality and port security bonds

• $236,795,000 series 2016 taxable general obligation bonds

• $232.2 million series 2016 tax-exempt general obligation bonds

• $1,019,800,000 series 2016 tax-exempt general obligation refunding bonds

CARMEL LOCAL PUBLIC IMPROVEMENT BOND BANK (INDIANA):

• $224,115,000 series 2016 multipurpose bonds

• Negotiated

• Stifel, Nicolaus & Co. Inc. and City Securities Corp. (lead)

• Bonds due 2017 to 2036

• Proceeds to finance the purchase of qualified obligations

CHARLESTON COUNTY SCHOOL DISTRICT (SOUTH CAROLINA):

• $124,685,000 series 2016 general obligation bond anticipation notes (MIG1)

• Competitive

• Public Financial Management Inc. (financial adviser)

• Proceeds to pay amounts due to the Charleston Educational Excellence Financing Corp., as well as pay principal and interest on the district’s series 2015B-C bond anticipation notes

• $42,285,000 series 2016A general obligation bond anticipation notes due Nov, 4, 2016

• $25.42 million series 2016B general obligation bond anticipation notes due May 2, 2017

• $56.98 million series 2016C general obligation bond anticipation notes due May 2, 2017

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/CORNELL UNIVERSITY:

• $131,655,000 series 2016A revenue bonds (Aa1/AA)

• Negotiated

• BofA Merrill Lynch (lead)

• BNY Mellon Capital Markets LLC, Citigroup Global Markets Inc., Drexel Hamilton LLC, Morgan Stanley & Co. LLC and Ramirez & Co. Inc. (co-managers)

• Bonds due 2017 to 2035

• Proceeds to refund the university’s series 2006A revenue bonds

FAIRFAX COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (VIRGINIA)/INOVA HEALTH:

• $144,715,000 series 2016 health care revenue bonds (Aa2/AA+)

• Negotiated

• Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC (lead)

• Proceeds to be loaned to Inova to refund the health system’s series 2009A and 2012C revenue bonds

• $112.98 million series 2016A bonds

• $31,735,000 series 2016B bonds

FORT LAUDERDALE (FLORIDA):

• $164,935,000 series 2016 water and sewer revenue and revenue refunding bonds (Aa1/AA+)

• Competitive

• FirstSouthwest Co. (financial adviser)

• Bonds due 2016 to 2038

• Proceeds to refund and redeem at par the city’s series 2006, 2008 and 2010 water and sewer revenue bonds

NORTH DAKOTA HOUSING FINANCE AGENCY:

• $148.83 million series 2016 housing finance program bonds (Aa1)

• Negotiated

• RBC Capital Markets LLC and Wells Fargo Securities LLC (lead)

• Baird & Co. Inc. and Morgan Stanley & Co. LLC (co-managers)

• Proceeds to finance mortgage loans to qualified North Dakotans

• $84,535,000 series 2016A non-AMT bonds due 2019 to 2027 with term bonds due 2031 and 2035

• $64,295,000 series 2016B AMT bonds due 2017 to 2019 with term bond due 2047

TEXAS TRANSPORTATION COMMISSION:

• $615 million series 2016 state highway improvement general obligation bonds (Aaa/AAA/AAA)

• Negotiated

• BofA Merrill Lynch (lead)

• Goldman Sachs & Co., Blaylock Beal Van LLC, Frost Bank, Jefferies & Co., Mesirow Financial Inc., Ramirez & Co. Inc. and Wells Fargo Securities LLC (co-managers)

• Bonds due 2017 to 2036 with term bonds due 2041 and 2046

• Proceeds to pay for or reimburse the state for highway capital projects

APRIL 20

MARYLAND STADIUM AUTHORITY/BALTIMORE CITY PUBLIC SCHOOLS:

• $320 million series 2016 construction and revitalization program revenue bonds (Aa3/AA-/AA)

• Negotiated

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

• Backstrom McCarley Berry & Co. LLC, Drexel Hamilton LLC, PNC Capital Markets LLC and SunTrust Robinson Humphrey Inc. (co-managers)

• Bonds due 2017 to 2036 with term bonds due 2041 and 2046

• Proceeds to renovate and reconstruct stadiums at Baltimore schools as part of a construction and revitalization program

APRIL 21

LEWISVILLE INDEPENDENT SCHOOL DISTRICT (TEXAS):

• $331.16 million series 2016 unlimited tax refunding bonds (//AA+)

• Negotiated

• Raymond James/Morgan Keegan and BOSC Inc. (lead)

• RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers)

• Proceeds to refund the district’s series 2006 refunding bonds and its series 2009 and 2011 school building bonds

• $245,505,000 series 2016A bonds due 2016 to 2028

• $85,755,000 series 2016B bonds due 2016 to 2017, 2019 to 2026 and 2028

PURDUE UNIVERSITY (INDIANA):

• $120 million series CC student fee bonds (Aaa/AAA)

• Negotiated

• Barclays (lead)

• Loop Capital Markets LLC and City Securities Corp. (co-managers)

• Proceeds to finance or refinance capital improvements to the university

STAFFORD COUNTY ECONOMIC DEVELOPMENT AUTHORITY (VIRGINIA)/MARY WASHINGTON HEALTHCARE OBLIGATED GROUP:

• $109,545,000 series 2016 hospital facilities revenue and refunding bonds (Baa1//BBB+)

• Negotiated

• BofA Merrill Lynch (lead)

• Bonds due 2017 to 2037

• Proceeds to refund the authority’s series 2006 revenue bonds, which were issued to construct a 100-bed facility called the Stafford Hospital Center

On The Horizon

ASCENSION HEALTH ALLIANCE:

• $1,923,465,000 series 2016 revenue bonds (Aa2/AA+/AA+)

• Negotiated

• Morgan Stanley & Co. LLC (lead)

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

• Proceeds to finance capital improvements to Ascension facilities

• $250 million series 2016A taxable bonds

• $1,097,975,000 series 2016A-C revenue bonds

• $928,205,000 series 2016A bonds through Wisconsin Health and Educational Facilities Authority

• $78.12 million series 2016B bonds through Alabama Special Care Facilities Financing Authority of Birmingham

• $91.65 million series 2016C bonds through Alabama Special Care Facilities Financing Authority of Mobile

• $575.49 million series 2016D-E bonds

• $392.46 million series 2016D bonds through Wisconsin Health and Educational Facilities Authority

• $183.03 million series 2016E bonds through Michigan Finance Authority

BLACK BELT ENERGY GAS DISTRICT (ALABAMA):

• $1 billion series 2016 gas supply revenue bonds

• Negotiated

• RBC Capital Markets LLC (sole)

• Bonds due 2017 to 2021 with term bond due 2046

• Proceeds to make a gas supply purchase

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

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

• $139.92 million series 2016 medical facilities mortgage revenue refunding bonds (/A)

• Negotiated

• BofA Merrill Lynch and Barclays (lead)

• Proceeds to refund the corporation’s series 2008D revenue bonds

ILLINOIS FINANCE AUTHORITY/MERCY HEALTH:

• $484.94 million series 2016 revenue bonds (A3)

• Negotiated

• J.P. Morgan Securities LLC and Ziegler Inc. (lead)

• Proceeds to refund the health system’s series 2008, 2010A and 2012 revenue bonds

KLEIN INDEPENDENT SCHOOL DISTRICT (TEXAS):

• $151,705,000 series 2016 unlimited tax refunding bonds (Aa1)

• Negotiated

• Raymond James/Morgan Keegan (lead)

• BofA Merrill Lynch, Piper Jaffray & Co., BOSC Inc. and William Blair & Co. Inc. (co-managers)

• Proceeds to refund district’s series 2005, 2007, 2008, 2008A and 2009B unlimited tax schoolhouse bonds

• $135,815,000 series 2016A bonds due 2019 to 2038

• $15.89 million series 2016B bonds due 2016 and 2028 to 2031

PARTNERS HEALTHCARE SYSTEM (MASSACHUSETTS):

• $100 million series 2016 taxable bonds (Aa3/AA-/AA)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• BofA Merrill Lynch, Barclays, Jefferies & Co., TD Securities (USA) LLC and Wells Fargo Securities LLC (co-managers)

• Proceeds for general corporate purposes

PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY/UNIVERSITY OF PENNSYLVANIA:

• $169,635,000 series 2016A refunding revenue bonds (Aa1/AA+)

• Negotiated

• BofA Merrill Lynch (lead)

• Goldman Sachs & Co., Loop Capital Markets Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities LLC (co-managers)

• Bonds due 2017 to 2036

• Proceeds to refund the authority’s series 2009B and 2010 revenue bonds

TEXAS PRIVATE ACTIVITY BOND SURFACE TRANSPORTATION CORP./BLUERIDGE TRANSPORTATION GROUP LLC:

• $272 million series 2016 tax-exempt senior lien revenue bonds (Baa3/BBB-)

• Negotiated

• Citigroup Global Markets Inc. and Barclays (lead)

• Proceeds to construct toll lanes and related facilities along U.S. Highway 288 from U.S. Route 59 to the Harris County line at Clear Creek

WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/MEDICAL COLLEGE OF WISCONSIN:

• $150 million series 2016 revenue bonds (A1/AA-)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• Loop Capital Markets LLC and Baird & Co. Inc. (co-managers)

• Proceeds to finance capital improvements for the medical college and refund its series 2008A revenue bonds

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