Municipals Calendar: Ohio to sell $271.37 million in G.O. refunding bonds

ON THE HORIZON

BEXAR COUNTY HEALTH FACILITIES DEVELOPMENT CORP. (TEXAS): $53 million series 2010 revenue bonds (/BBB/BBB); negotiated; Raymond James & Associates Inc. (lead); bonds due 2010 to 2020 with term bonds due 2030, 2040 and 2045; proceeds to construct independent living units, assisted living apartments and common areas for the foundation.

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.

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.

HIGHER EDUCATION STUDENT ASSISTANCE AUTHORITY OF THE STATE OF NEW JERSEY: $338 million series 2010-1 student loan revenue bonds (Aa2/AA/); negotiated; Merrill Lynch & Co. (lead); Citigroup Global Markets Inc., Goldman, Sachs & Co. and Morgan Stanley & Co. Inc. (co-managers); 2010-1A bonds due 2011 to 2018 and 2032 and 2037 with term bonds due 2022, 2025, 2028 and 2029; 2010-1B bonds due 2017 and 2019; proceeds to fund student loans and refund existing debt.

• $300 million series 2010-1A refunding bonds

• $38 million series 2010-1B revenue bonds

ILLINOIS: $375 million series 2009B sales tax revenue bonds; negotiated; Cabrera Capital Markets LLC (lead); Siebert Brandford Shank & Co. LLC, Jefferies & Co., Ross, Sinclaire & Associates Inc. and Ramirez & Co. Inc. (co-managers); bonds due 2011 to 2034; proceeds to fund capital projects.

INDIANA BOND BANK: $67.16 million series 2009 tax credit qualified school construction bonds (/AA+/); negotiated; City Securities Corp. and J.P. Morgan Securities Inc.; bonds due 2019 and 2025; proceeds to construct qualified schools throughout the state.

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.

INDIANPOLIS LOCAL PUBLIC IMPROVEMENT BOND BANK: $112.275 million series 2009I-J and 2010A-D bond bank notes; negotiated; City Securities Corp. (lead); proceeds to fund general capital projects.

• $14.3 million series 2009I notes

• $10.7 million series 2009J notes

• $39.4 million series 2010A notes

• $34.875 million series 2010B notes

• $6.2 million series 2010C notes

• $6.8 million series 2010D notes

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.

MARYLAND ECONOMIC DEVELOPMENT CORP.: $258.55 million series 2010 economic development revenue bonds; negotiated; Goldman, Sachs & Co. (lead); Citigroup Global Markets Inc. and BMO Markets Inc. (co-managers); proceeds to construct new cargo and machinery buildings as well as fund acquisition and installation of four cranes at Seagirt Terminal in Baltimore.

• $170 million series 2010A bonds

• $88.55 million series 2010B 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

OHIO: $271.37 million series 2010 general obligation refunding bonds (/AA/AA); negotiated; Bank of America Merrill Lynch and J.P. Morgan Securities Inc. (lead); Barclays Capital Inc., Edward Jones & Co., Fifth Third Securities Inc., Huntington Investment Co., Jackson Securities LLC, Rice Financial Products Co. and Stifel, Nicolaus & Co. (co-managers); all bonds due 2013 to 2021; proceeds to refund existing debt used to fund higher education, common schools and infrastructure needs.

• $93.605 million series 2010A higher education G.O. refunding bonds

• $131.6 million series 2010A common schools G.O. refunding bonds

• $46.165 million series 2010A infrastructure G.O. refunding 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.

SCHOOL DISTRICT OF THE CITY OF DETROIT: $123.24 million series 2009A unlimited tax school building and site general obligation bonds; negotiated; J.P. Morgan Securities Inc. and Siebert Brandford Shank & Co. LLC (lead); Loop Capital Markets LLC, Citigroup Global Markets Inc. and PNC Capital Markets LLC (co-managers); bonds due May 1, 2025; proceeds to purchase land and construct schools at qualified schools within the district.

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

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.

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