Municipals Calendar: Virginia College Building Authority to sell $398 million bonds

WEEK OF NOVEMBER 30

FLORIDA BOARD OF EDUCATION: $155.1 million series 2009 E-F full faith and credit capital outlay bonds (Aa1) capital outlay bonds; competitive; proceeds to finance education projects; pricing on or after Nov. 30.

• $14.47 million series 2009E

• $140.63 million series 2009F

DECEMBER 2

ALABAMA PUBLIC SCHOOL AND COLLEGE AUTHORITY: $145.88 million series 2009D capital improvement pool qualified school construction bonds (Aa2/AA/AA); negotiated; Morgan Stanley & Co. Inc. (lead); Frazer Lanier Co. Inc., Joe Jolly & Co. Inc. and First Tuskegee Bank (co-managers); bonds due Dec. 15, 2026; proceeds to be loaned to qualified schools and colleges for school construction; pricing Dec. 2.

FLORIDA MUNICIPAL POWER AGENCY: $60.58 million series 2009A revenue bonds (A1//A+); negotiated; Wells Fargo Securities Inc. and Morgan Stanley & Co. Inc. (lead); Stanton Project bonds due 2010 to 2018; Stanton Project II bonds due 2010 to 2019 with a term bond due 2027; St. Lucie bonds due 2010 to 2021; Tri-City bonds due 2010 to 2018; proceeds to refinance loans and fund capital improvements; pricing Dec. 2.

• $10.17 million series 2009A Stanton Project revenue bonds

• $6.77 million series 2009A Stanton II Project revenue bonds

• $40.785 million series 2009A St. Lucie Project revenue bonds

• $2.855 million series 2009A Tri-City Project revenue bonds

INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF WINCHESTER/VALLEY HEALTH SYSTEM OBLIGATED GROUP (VIRGINIA): $75 million series 2009E hospital revenue bonds (A1/A+/); negotiated; Merrill Lynch & Co. (lead); BB&T Capital Markets, Edward Jones and Wells Fargo Securities Inc. (co-managers); bonds due 2015 to 2019 with term bonds due 2024, 2034., 2039 and 2044; proceeds to expand, improve and equip a four-story bed tower at the Winchester Medical Center, as well as to construct a new parking deck; pricing Dec. 2.

MICHIGAN STATE BUILDING AUTHORITY: $105.27 million series 2009 II revenue bonds; negotiated: Siebert Brandford Shank & Co., LLC (lead); BMO Capital Markets GKST Inc.; Citigroup Global Markets Inc.; Edward Jones; Goldman, Sachs & Co.; J.P. Morgan Securities Inc. and Morgan Stanley & Co. Inc. (co-managers); proceeds to refund outstanding commercial paper notes and pay for construction and improvement of educational and state facilities; pricing Dec. 2.

NEW YORK STATE HOUSING FINANCE AGENCY: $70.795 million series 2009D affordable housing revenue bonds; negotiated; J.P. Morgan Securities Inc. (lead); Goldman, Sachs & Co.; Citigroup Global Markets Inc.; Merrill Lynch & Co; M&T Securities, Inc.; Ramirez & Co., Inc.; and Roosevelt & Cross Inc. (co-managers); proceeds to finance mortgage loans for the acquisition of multifamily housing projects; pricing Dec. 2.

ORLANDO UTILITIES COMMISSION: $130 million series 2009C non-AMT revenue bonds (Aa1/AA/AA); negotiated; J.P. Morgan Securities Inc. (lead); bonds due 2011 to 2017; proceeds to fund utility infrastructure projects; pricing Dec. 2.

PENNSYLVANIA HOUSING FINANCE AGENCY: $250 million series 2009-106 single family mortgage revenue bonds; negotiated; RBC Capital Markets Inc. and Barclays Capital Inc. (lead); George K. Baum & Co., Janney Montgomery Scott LLC, Merrill Lynch & Co., Morgan Stanley & Co. Inc. and Raymond James & Associates Inc. (co-managers); 2009-106A bonds due 2013 to 2017; 2009-106B bonds due 2010 to 2019 with term bonds due 2024 and 2028; 2009-106C bonds due 2040; proceeds to purchase new mortgage loans; pricing Dec. 2.

• $14.645 million series 2009-106A bonds

• $85.355 million series 2009-106B bonds

• $150 million series 2009-106C bonds

TENNESSEE: $290 million series 2009 general obligation bonds (Aa1/AA+/); negotiated; Barclays Capital Inc. (lead); proceeds to fund capital expenses; ROP for tax-exempt bonds Dec. 1; pricing Dec. 2.

• $235.955 million series 2009C tax-exempt bonds

• $54.045 million series 2009D taxable G.O. bonds

TULSA AIRPORTS IMPROVEMENT TRUST: $122.18 million series 2009 general airport revenue bonds (A3/BBB+/); negotiated; J.P. Morgan Securities Inc. and BOSC, Inc. (lead); 2009A bonds due 2010 to 2024; 2009B bonds due 2010 to 2031; 2009C bonds due 2010 to 2023; 2009D bonds due 2010 to 2031; proceeds to fund airport improvements; pricing Dec. 2.

• $42.29 million series 2009A non-AMT bonds

• $24.98 million series 2009B non-AMT bonds

• $3.975 million series 2009C AMT bonds

• $50.935 million series 2009D taxable refunding bonds

VIRGINIA COLLEGE BUILDING AUTHORITY: $398.025 million educational facilities revenue bonds; competitive; First Southwest Co. (financial advisor); proceeds to finance capital projects at higher education facilities; pricing Dec. 2.

• $47.33 million series 2009F1 bonds due 2011- 2014

• $350.695 million series 2009F2 bonds due 2015-2030

DECEMBER 3

CHICAGO BOARD OF EDUCATION: $254.24 million series 2009G unlimited tax general obligation qualified school construction bonds (A1/AA/A+); negotiated; Goldman, Sachs & Co. and J.P. Morgan Securities Inc. (lead); M.R. Beal & Co. and Ramirez & Co. Inc. (co-managers); proceeds to construct qualified schools in the district; pricing Dec. 3.

COUNTY OF NASSAU (NEW YORK): $150 million tax anticipation notes (MIG1/SP-1+/F1+); competitive; Public Financial Management, Inc. (financial adviser); proceeds will be used to meet a cash flow deficit; pricing Dec. 3.

• $90 million series 2009A notes due Sept. 15, 2010

• $60 million series 2009B notes due Oct. 15, 2010

ORANGE COUNTY HEALTH FACILITIES AUTHORITY/ORLANDO HEALTH, INC. (FLORIDA): $244.055 million series 2009 hospital revenue bonds (A2/A/A); negotiated; Goldman, Sachs & Co. (lead); Morgan Stanley & Co. Inc.; SunTrust Robinson Humphrey, Inc.; BB&T Capital Markets Inc.; J.P. Morgan Securities Inc. and Raymond James & Associates Inc. (co-managers); proceeds to refund portions of series 1999D, 1999E, 2004, 2008D, 2008F and 2008G bonds and to pay costs to terminate interest rate hedge agreements on the refunded bonds; pricing Dec. 3.

• $100.84 million due 2010-2019

• $143.215 million due Oct. 1, 2026

REGENTS OF THE UNIVERSITY OF CALIFORNIA MEDICAL CENTER: $539 million series 2009 revenue bonds; negotiated; Barclays Capital Inc. (lead); proceeds to fund capital expenditures; ROP Dec. 2; pricing Dec. 3.

• Series 2009E revenue bonds

• Series 2009F Build America Bonds

TENNESSEE STATE SCHOOL BOND AUTHORITY: $177 million series 2009 qualified school construction bonds (Aa3/AA/); negotiated; Barclays Capital Inc. (lead); proceeds to fund construction of qualified schools; pricing Dec. 3.

ON THE HORIZON

CALIFORNIA DEPARTMENT OF WATER RESOURCES: $168 million series AG Central Valley Project water system revenue bonds (Aa2/AAA/); negotiated; Stone & Youngberg (lead); Alamo Capital, BMO Capital Markets GKST Inc., Cabrera Capital Markets LLC, Citigroup Global Markets Inc., De La Rosa & Co. Inc., Grigsby & Associates Inc., Jackson Securities Inc., Merrill Lynch & Co. and RBC Capital Markets Inc. (co-managers); proceeds to refund department's series 1995 and 1997 bonds.

CITY OF LOS ANGELES (CALIFORNIA): $117.35 million solid waste resources revenue bonds (Aa3/AA/AA-); negotiated; Stone & Youngberg LLC (lead); Cabrera Capital Markets, LLC. (co-manager); proceeds to refund the outstanding series 2001A bonds and to finance the acquisition of solid waste trucks, equipment and automated recycling containers.

• $67.435 million series 2009A bonds due 2010-2022

• $49.915 million series 2009B bonds due 2010-2020

DEVELOPMENT AUTHORITY OF FULTON COUNTY (GEORGIA): $170.58 million series 2009A revenue bonds (Aa3/AA/); negotiated; SunTrust Robinson Humphrey and Merrill Lynch & Co. (lead); bonds due 2024, 2029, 2033 and 2037; proceeds to refund existing debt.

FRANKLIN COUNTY/NATIONWIDE CHILDREN'S HOSPITAL (OHIO): $100 million series 2009 hospital improvement revenue bonds (Aa2/AA/); negotiated; PNC Capital Markets and J.P. Morgan Securities Inc. (lead); proceeds to construct a new inpatient, outpatient and administrative building.

ILLINOIS FINANCE AUTHORITY/ADVOCATE HEALTH CARE NETWORK: $237.235 million series 2010 revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); Loop Capital Markets LLC and Cabrera Capital Markets LLC (co-managers); proceeds to construct a patient tower at the BroMenn Regional Medical Center.

INDIANA FINANCE AUTHORITY: $175.715 million series 2009A state revolving fund program bonds (Aaa/AAA/AAA); negotiated; Citigroup Global Markets Inc. and Merrill Lynch & Co. (lead); Andes Capital Group LLC, City Securities Corp., KeyBanc Capital Markets Inc., Loop Capital Markets LLC and Raymond James & Associates Inc. (co-managers); proceeds to provide loans for eligible projects and refund existing debt.

INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF KIRKWOOD (MISSOURI): $172.795 million series 2009 retirement community revenue bonds; negotiated; Ziegler Capital Markets Inc. (lead); proceeds to construct Aberdeen Heights Commons retirement community.

• $98.345 million series 2009A revenue bonds

• $8.075 million series 2009B accelerated redemption reset option securities

• $32.225 million series 2009C-1 tax-exempt mandatory paydown securities

• $33.8 million series 2009C-2 tax-exempt mandatory paydown securities

LONG BEACH (CALIFORNIA): $60.265 million series 2009 senior airport revenue bonds (A2/A-/); negotiated; J.P. Morgan Securities Inc. and De La Rosa & Co. (lead); 2009A bonds due 2012 to 2022; 2009B bonds due 2010 to 2016; 2009C bonds due 2024, 2029 and 2039; proceeds to refund city's series 1993 debt and construct a parking structure at the city's airport.

MAINE HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY: $91.5 million series 2009A revenue bonds (Aa3//AA); negotiated; Morgan Stanley & Co. Inc. and Wachovia Bank, NA; Barclays Capital Inc., Cain Brothers and Merrill Lynch & Co. (co-managers); proceeds to construct, acquire, renovate, improve and equip health care and educational facilities throughout the state.

MAINE STATE HOUSING AUTHORITY: $173 million series 2009 mortgage purchase bonds; negotiated; Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. (lead); Merrill Lynch & Co., Morgan Stanley & Co. Inc. and RBC Capital Markets Inc. (co-managers); 2009D bonds due 2011 to 2019 with term bond due 2026 and 2029; 2009E bonds due 2041; 2009F bonds due 2041; proceeds to fund mortgage loans.

• $28 million series 2009D non-AMT bonds

• $42 million series 2009E non-AMT bonds

• $103 million series 2009F taxable bonds

MASSACHUSETTS STATE COLLEGE BUILDING AUTHORITY: $151.095 million series 2009 project revenue bonds; negotiated; Jefferies & Co. and Barclays Capital Inc. (lead); Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Merrill Lynch & Co., Ramirez & Co. Inc. and Raymond James & Associates Inc. (co-managers); proceeds to fund infrastructure projects at colleges within the state.

• $84.045 million series 2009B bonds

• $67.05 million series 2009C Build America Bonds

MINNESOTA HOUSING FINANCE AGENCY: $175.695 million series 2009 residential housing finance bonds; negotiated; RBC Capital Markets Inc. and Piper Jaffray & Co. (lead); 2009D bonds due 2011 to 2020 with a term bond; 2009E bonds due Jan. 1, 2013 and July 1, 2013 with term bonds due 2024, 2029, 2034 and 2040; 2009F bonds due 2031; proceeds to fund residential mortgage loans.

• $25.58 million series 2009D non-AMT bonds

• $103.96 million series 2009E non-AMT bonds

• $46.155 million series 2009F AMT variable-rate demand term bonds

PIEDMONT MUNICIPAL POWER AGENCY (SOUTH CAROLINA): $217.17 million electric revenue bonds; negotiated; Goldman, Sachs & Co. (lead); Merrill Lynch & Co., Wells Fargo Securities Inc. and J.P. Morgan Securities Inc. (co-managers); proceeds to refund outstanding bonds and pay for project costs.

• $190.485 million series 2009A electric revenue refunding bonds

• $26.685 million in series 2009B electric revenue bonds

RALEIGH, N.C.: $70.005 million series 2009A combined enterprise system revenue refunding bonds (Aa1/AAA/AAA); negotiated; Davenport & Co. LLC (lead); Citigroup Global Markets Inc. and Loop Capital Markets LLC (co-managers); bonds due 2010 to 2023; proceeds to refund existing debt.

SOUTHERN GROVE COMMUNITY DEVELOPMENT DISTRICT NO. 5/OREGON HEALTH AND SCIENCE UNIVERSITY VACCINE AND GENE THERAPY INSTITUTE FLORIDA CORP.: $68.455 million series 2009 research facilities revenue bonds; negotiated; Prager, Sealy & Co., LLC; proceeds to finance or reimburse for the costs of building and land improvement projects.

TENNESSEE HOUSING DEVELOPMENT AGENCY: $400 million housing finance program bonds; negotiated and private placement; Morgan Keegan & Co., Inc. (lead); RBC Capital Markets Corp.; Merrill Lynch & Co.; Citigroup Global Markets Inc.; Raymond James & Associates, Inc.; M.R. Beal & Co.; and Duncan-Williams, Inc. (co-managers); proceeds will be used for fund deposits.

• $40 million series 2009A1 bonds

• $60 million series 2009A2 bonds

• $300 million series 2009B bonds

TRUST FOR CULTURAL RESOURCES OF THE CITY OF NEW YORK/CARNEGIE HALL: $110 million series 2009A revenue bonds (A1/A+/); negotiated; Citigroup Global Markets Inc. (lead); Morgan Stanley & Co. Inc. and Merrill Lynch & Co.; bonds due 2029 and 2039; proceeds to construct, renovate and upgrade two studio towers at Carnegie Hall, including a new education wing with music rooms, communication technologies and educational support spaces, as well a new rooftop terrace and improvements to the backstage.

WASHINGTON TOWNSHIP HEALTH CARE DISTRICT (CALIFORNIA): $55 million series 2009A revenue bonds (A3); negotiated; Merrill Lynch & Co. (lead); proceeds to construct, renovate, improve and acquire health facilities operated by the district.

WEST VIRGINIA HOSPITAL FINANCE AUTHORITY/WEST VIRGINIA UNITED HEALTH SYSTEM OBLIGATED GROUP: $104.415 million series 2009C hospital revenue refunding and improvement bonds (A2/A+/); negotiated; Merrill Lynch & Co. (lead); J.P. Morgan Securities Inc. (co-manager); bonds due 2017 to 2024 with term bonds due 2029 and 2039; proceeds to construct, acquire, equip and renovate facilities operated by West Virginia United Health System, as well as refund the authority's series 2008C bonds.

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