Municipals Calendar: Washington preps $742 million bond sale

WEEK OF JULY 18

JULY 19

LOS ANGELES (CALIFORNIA): $117 million series 2011A general obligation bonds (Aa3/AA-/AA-); competitive; Public Resources Advisory Group and Acacia Financial Group Inc. (financial advisers); bonds due 2012 to 2031; proceeds to fund storm water pollution abatement projects; pricing July 19.

JULY 20

WASHINGTON STATE: $741.93 million series 2012 general obligation bonds (Aa1/AA+/AA+); competitive (for 2012A, 2012B-1 and 2012T); Montague DeRose & Associates LLC (financial adviser); negotiated (for 2012B-2); J.P. Morgan Securities LLC (lead); 2012A bonds due 2014 to 2036; 2012B-1 and 2012B-2 bonds due 2012 to 2041; 2012T bonds due 2012 to 2014; proceeds to pay or reimburse the state for various capital projects, state buildings and higher education institutions and Columbia River Basin water supply development, farmland preservation, riparian protection and outdoor recreation, as well as state and local highway improvements; pricing July 20.

• $390.84 million series 2012A various purpose G.O. bonds

• $323.215 million series 2012B-1 motor vehicle fuel tax G.O. bonds

• $27.875 million series 2012T taxable G.O. bonds

JULY 21

LOS ANGELES (CALIFORNIA): $380.01 million series 2011B general obligation refunding bonds (Aa3/AA-/AA-); competitive; Public Resources Advisory Group and Acacia Financial Group Inc. (financial advisers); bonds due 2012 to 2023; proceeds to refund existing debt; pricing July 21.

ON THE HORIZON

ATLANTA (GEORGIA): $372.11 million series 2011 airport general revenue refunding bonds (A1/A+/A+); negotiated; Siebert Brandford Shank & Co. LLC and Goldman, Sachs & Co. (lead); Estrada Hinojosa & Co. Inc., Morgan Keegan & Co. Inc., Morgan Stanley & Co. Inc., Raymond James & Associates Inc., Sterne, Agee & Leach Inc. and Terminus Securities LLC (co-managers); 2011A bonds due 2013 to 2021; 2011B bonds due 2012 to 2027 with term bond; proceeds to refund city's series 2000A-C airport general revenue bonds.

• $226.065 million series 2011A non-AMT bonds

• $146.045 million series 2011B AMT bonds

CHARLOTTE (NORTH CAROLINA): $92.565 million series 2011 water and sewer system revenue refunding bonds (Aaa/AAA/AAA); negotiated; Bank of America Merrill Lynch and Wells Fargo Securities LLC (lead); bonds due 2012 to 2024; proceeds to refund city's series 2001 water and sewer revenue bonds.

CONNECTICUT HOUSING FINANCE AUTHORITY: $162.935 million series 2011 housing mortgage finance program bonds (Aaa/VMIG 1/AAA/A-1/); negotiated; J.P. Morgan Securities LLC, Bank of America Merrill Lynch, Goldman, Sachs & Co. and Morgan Stanley & Co. Inc. (lead); Goldman, Sachs & Co. (sole for series 2011C); Barclays Capital Inc., Citigroup Global Markets Inc., Grigsby & Associates Inc., Janney Montgomery Scott LLC, Jefferies & Co., Morgan Keegan & Co., M.R. Beal & Co. Inc., Ramirez & Co. Inc., Rice Financial Products Co., Roosevelt & Cross Inc. and Wells Fargo Securities LLC (co-managers for 2011B); 2011B-1 bonds due 2011 to 2017; 2011B-2 bonds due 2022 to 2021 with term bonds due in 2025, 2028, 2036, 2040 and 2041; 2011C-1 bonds due May 15, 2035; 2011C-2 bonds due May 15, 2035; proceeds to make mortgage loans.

• $24.05 million series 2011B-1 bonds

• $38.885 million series 2011B-2 bonds

• $24.795 million series 2011C-1 bonds

• $75.205 million series 2011C-2 AMT bonds

HARRIS COUNTY (TEXAS): $199.915 million series 2011A toll road senior-lien revenue and refunding bonds (/AA-/A-1+/AA-/F1+); negotiated; Citigroup Global Markets Inc. (sole); bonds due Aug. 15, 2021, with mandatory tender of Aug. 15, 2012; proceeds to refund and defease county's series 2010A senior-lien toll road revenue refunding bonds and make a debt service reserve fund deposit.

HOUSTON (TEXAS): $260 million series 2011 hotel occupancy tax and special revenue refunding bonds (A2/A-/); negotiated; Piper Jaffray & Co. (lead); Bank of America Merrill Lynch, Hutchinson, Shockey, Erley & Co., Estrada Hinojosa & Co., Mesirow Financial Inc. and Raymond James & Associates Inc. (co-managers); proceeds to refund auction-rate bonds and refund city's series 2001A hotel occupancy tax and special revenue bonds.

LAKELAND/LAKELAND REGIONAL HEALTH SYSTEM (FLORIDA): $77.38 million series 2011 hospital revenue refunding bonds (A2); negotiated; Citigroup Global Markets Inc. (sole); proceeds to refund health system's series 1996A, 1997A-B and 1999B revenue bonds.

MAINE HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY/MAINEGENERAL MEDICAL CENTER: $290 million series 2011 revenue bonds (Baa3//BBB-); negotiated; Bank of America Merrill Lynch and Raymond James & Associates Inc. (lead); Morgan Keegan & Co. Inc., Morgan Stanley & Co. Inc. and Wells Fargo Securities LLC (co-managers); proceeds to construct and equip a 580,000 square-foot hospital in Augusta, Maine, to consolidate the medical center's two inpatient facilities located in Augusta and Waterville.

MASSACHUSETTS SCHOOL BUILDING AUTHORITY: $142.38 million series 2011A subordinated dedicated sales tax bonds; negotiated; J.P. Morgan Securities LLC (lead); Citigroup Global Markets Inc., Morgan Stanley & Co. Inc., Barclays Capital Inc., Bank of America Merrill Lynch, Janney Montgomery Scott LLC, Jefferies & Co., Ramirez & Co. and Raymond James & Associates Inc. (co-managers); bonds due July 15, 2038; proceeds to make grants to cities, towns and local school districts for construction and renovation projects.

METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER CHICAGO (ILLINOIS): $400 million series 2011 capital improvement bonds (Aaa/AAA/AAA); negotiated; J.P. Morgan Securities LLC and Citigroup Global Markets Inc. (lead); Bank of America Merrill Lynch, Barclays Capital Inc., Duncan-Williams Inc., Loop Capital Markets LLC, Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC and William Blair & Co. (co-managers); 2011A bonds due 2013 to 2016; 2011B bonds due 2016 to 2031; 2011C bonds due 2028 to 2033 with term bond due Dec. 1, 2038; proceeds to construct, complete, replace, renovate and repair sewage treatment works, water quality improvement projects and flood control facilities within the district.

• $30 million series 2011A limited tax taxable G.O. capital improvement bonds

• $270 million series 2011B limited tax G.O. capital improvement bonds

• $100 million series 2011C unlimited tax G.O. capital improvement bonds

MODESTO IRRIGATION DISTRICT (CALIFORNIA): $127.81 million series 2011 electric system refunding revenue bonds; negotiated; Citigroup Global Markets Inc. and Stone & Youngberg (lead); Morgan Stanley & Co. Inc., Ramirez & Co. Inc. and Wells Fargo Securities LLC (co-managers); 2011A bonds due 2012 to 2024; 2011B bonds due 2012 to 2017; proceeds to refund district's series 1999A-B, 2001A and 2003A capital appreciation bonds.

ORLANDO-ORANGE COUNTY EXPRESSWAY AUTHORITY (FLORIDA): $290 million series 2011A refunding revenue bonds (//A); negotiated; Wells Fargo Securities LLC (lead); Bank of America Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Raymond James &

Associates Inc., Barclays Capital Inc., Goldman, Sachs & Co., Morgan Stanley & Co. Inc. and RBC Capital Markets LLC (co-managers); proceeds to refund authority's series 2008B-1 and 2008B-2 bonds.

RALEIGH (NORTH CAROLINA): $62.025 million series 2011A combined enterprise system revenue refunding bonds; negotiated Citigroup Global Markets Inc. and Wells Fargo Securities LLC (lead); bonds due 2012 to 2024; proceeds to refund city's series 2008A-B combined enterprise system revenue bonds.

SPRING INDEPENDENT SCHOOL DISTRICT (TEXAS): $59.515 million series 2011 unlimited tax refunding bonds (Aaa/AAA/); negotiated; Morgan Keegan & Co. Inc. (lead); FirstSouthwest Co., Hutchinson, Shockey, Erley & Co. Inc., Loop Capital Markets LLC, BOSC Inc. and Rice Financial Products Co. (co-managers); bonds due 2012 to 2026; proceeds to refund district's series 1999, 2001 and 2001A unlimited tax schoolhouse bonds.

TAMPA BAY WATER AUTHORITY (FLORIDA): $292.815 million series 2011 utility system refunding revenue bonds (Aa2/AA+/AA+); negotiated; Citigroup Global Markets Inc. (lead for 2011A); Raymond James & Associates Inc. (lead for 2011B); Bank of America Merrill Lynch, Morgan Stanley & Co. Inc. and Raymond James & Associates Inc. (co-senior managers for 2011A); Bank of America Merrill Lynch, Citigroup Global Markets Inc. and Morgan Stanley & Co. Inc. (co-senior managers for 2011B); Goldman, Sachs & Co., J.P. Morgan Securities LLC, Loop Capital Markets, RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers for both tranches); 2011A bonds due 2011 to 2024; 2011B bonds due 2011 to 2024; proceeds to refund authority's series 2001A-B revenue bonds.

• $142.39 million series 2011A bonds

• $150.425 million series 2011B bonds

TEXAS PUBLIC FINANCE AUTHORITY: $357.41 million series 2011 general obligation and refunding bonds; negotiated; Siebert Brandford Shank & Co. LLC and RBC Capital Markets LLC (lead); Barclays Capital Inc., Hutchinson, Shockey, Erley & Co., M.R. Beal & Co., Ramirez & Co., Samco Capital Markets LLC and Sterne, Agee & Leach Inc. (co-managers); bonds due 2012 to 2030; proceeds to finance projects for the Texas Department of Criminal Justice, the Department of State Health Services, the Texas Facilities Commission and the Texas State School for the Blind and Visually Impaired, as well as to refund some of the authority's debt.

UNIVERSITY MEDICAL CENTER CORP. (ARIZONA): $73.415 million series 2011 hospital revenue bonds (Baa1/BBB+/); negotiated; Bank of America Merrill Lynch (sole); bonds due 2012 to 2021 with term bond due July 1, 2039; proceeds to construct, equip, expand, acquire and renovate existing University Medical Center hospital facilities, as well as refund the corporation's series 2003 hospital revenue refunding bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.