Municipals Calendar: Bay Area Toll Authority plans $800 million deal

WEEK OF OCTOBER 25

ATLANTA AND FULTON COUNTY RECREATION AUTHORITY (GEORGIA): $140 million series 2010 taxable revenue refunding and improvement bonds (Aa3/AAA/); negotiated; Goldman, Sachs & Co. (lead); Jackson Securities Inc., Raymond James & Associates Inc., Rice Financial Products Co., Robert Baird & Co. and Sterne, Agee & Leach Inc. (co-managers); proceeds to fund improvements to the city's Philips Arena, as well as other recreational and cultural facilities and refund debt; pricing week of Oct. 25.

CONTRA COSTA COUNTY PUBLIC FINANCING AUTHORITY: $52.395 million series 2010 lease revenue bonds (A1/AA-/); negotiated; Wedbush Securities Inc. and Piper Jaffray & Co. Inc. (lead); proceeds to construct and equip a 53,000 square-foot health clinic and attached parking structure in San Pablo, Calif., to replace the Richmond Health Center; pricing week of Oct. 25.

• $6.49 million series 2010A-1 tax-exempt bonds

• $9.815 million series 2010A-2 Build America Bonds

• $20.7 million series 2010A-3 recovery zone economic development bonds

• $15.39 million series 2010B refunding bonds

DALLAS AND FORT WORTH (TEXAS)/DALLAS-FORT WORTH INTERNATIONAL AIRPORT: $301 million series 2010A joint revenue improvement bonds (A1); negotiated; Jefferies & Co. and Loop Capital Markets LLC (lead); Barclays Capital Inc., Morgan Stanley & Co. Inc., Raymond James & Associates Inc. and Stifel, Nicolaus & Co. (co-managers); proceeds to finance capital improvements at Dallas-Fort Worth International Airport, including terminal renewals and improvements; pricing week of Oct. 25.

OCTOBER 28

BAY AREA TOLL AUTHORITY (CALIFORNIA): $800 million series 2010S bridge toll revenue bonds (A1/A+/); negotiated; Citigroup Global Markets Inc. (lead for 2010S-2); Bank of America Merrill Lynch (lead for 2010S-3); proceeds to fund capital improvements, including the replacement of portions of the San Francisco-Oakland Bay Bridge; pricing Oct. 28.

• $400 million series 2010S-2 Build America Bonds

• $400 million series 2010S-3 tax-exempt bonds

SAN ANTONIO (TEXAS): $500 million series 2010 electric and gas systems junior-lien revenue bonds (Aa1/AA/AA+); negotiated; J.P. Morgan Securities LLC (lead for 2010A); Bank of America Merrill Lynch (lead for 2010B); Coastal Securities Inc., Jefferies & Co., Loop Capital Markets LLC, Morgan Keegan & Co. Inc., Ramirez & Co. Inc., RBC Capital Markets Corp., Samco Capital Markets Inc., Southwest Capital Markets Inc. and Sterne, Agee & Leach Inc. (co-managers); 2010A bonds due 2041; 2010B bonds due 2037; proceeds to construct capital improvements to the city's gas and electric systems, as well as to refund existing commercial paper notes; pricing Oct. 28.

• $300 million series 2010A Build America Bonds

• $200 million series 2010B refunding Build America Bonds

ON THE HORIZON

ATLANTA: $590.245 million series 2010 airport revenue bonds; negotiated; J.P. Morgan Securities LLC and Jackson Securities Inc. (lead); Bank of America Merrill Lynch, Grigsby & Associates Inc., Jefferies & Co., M.R. Beal & Co. Inc., Ramirez & Co. Inc. and Wells Fargo Securities LLC (co-managers); 2010A bonds due 2014 to 2030 with term bonds due 2035 and 2040; 2010B bonds due 2013 to 2026; proceeds to construct, acquire and equip the Maynard H. Jackson Jr. International Terminal at the Hartsfield-Jackson Atlanta International Airport.

• $176.61 million series 2010A general revenue bonds

• $413.635 million series 2010B airport passenger facility charge and subordinate lien general revenue bonds

BUTLER COUNTY (OHIO)/UC HEALTH: $207.5 million series 2010 health facilities revenue bonds (Baa1/BBB+/); negotiated; RBC Capital Markets Corp. (lead); Bank of America Merrill Lynch and Cain Brothers (co-managers); bonds due 2011 to 2020 with term bonds due 2025, 2030 and 2040; proceeds to pay for or reimburse UC Health for costs related to constructing, equipping, acquiring and improving UC Health facilities within the county.

CALIFORNIA DEPARTMENT OF WATER RESOURCES: $195.965 million Central Valley project water system revenue bonds (Aa2/AAA/); negotiated; De La Rosa & Co. Inc. and Jefferies & Co. (lead); Alamo Capital, Fidelity Capital Markets LLC, Jackson Securities Inc., J.P. Morgan Securities LLC, Ramirez & Co. Inc., RBC Capital Markets Corp., RH Investment Corp., Rice Financial Products Co., Siebert Brandford Shank & Co. LLC and The Williams Capital Group LP; series AH bonds due 2012 to 2035; series AI bonds due 2012 to 2029; proceeds to refund series W, X, AC and AD Central Valley project water system revenue bonds, as well as retirement department's commercial paper notes.

• $97.33 million series AH bonds

• $98.635 million series AI bonds

CHICAGO: $804.285 million series 2010 general obligation bonds; Loop Capital Markets LLC and Wells Fargo Securities LLC (lead); Duncan-Williams Inc., Estrada Hinojosa & Co. Inc., Incapital LLC, Melvin & Co., Baird & Co. and Stifel, Nicolaus & Co. (co-managers); proceeds to finance public right-of-way improvements, economic development enhancement projects, transportation improvements and grants to nonprofit organizations.

• $123.155 million series 2010A G.O. refunding bonds

• $213.59 million series 2010B Build America Bonds

• $467.54 million series 2010C taxable project and refunding bonds

CHICAGO: $280 million series 2010 second-lien wastewater transmission revenue bonds (Aa3/A+/AA); negotiated; George K. Baum & Co. and M.R. Beal & Co. (lead); Bernardi Securities Inc., Guzman & Co., Lebenthal & Co. LLC and William Blair & Co. (co-managers); 2010A bonds due 2012 to 2019; 2010B bonds due 2040; proceeds to finance capital improvements and expansions to city's wastewater system, as well as refund all or portion of city's outstanding wastewater transmission revenue bonds.

• $30 million series 2010A tax-exempt refunding bonds

• $250 million series 2010B Build America Bonds

CHICAGO: $486.53 million series 2010 second-lien water revenue bonds; negotiated; Cabrera Capital Markets LLC and BMO Capital Markets (lead); Backstrom McCarley Berry & Co. LLC, Grisgby & Associates, North South Capital LLC and RBC Capital Markets Corp.; proceeds to finance capital improvements and extensions to city's water system, including maintenance of city's purification plants, upgrade of various pump stations, upgrade and replacement of meters and upgrade and replacement of old grid mains.

• $33.565 million series 2010A tax-exempt bonds

• $423.3 million series 2010B Build America Bonds

• $29.665 million series 2010C qualified energy conservation bonds

CHICAGO PARK DISTRICT: $150 million series 2010 general obligation unlimited tax bonds; negotiated; J.P. Morgan Securities LLC (lead); Cabrera Capital Markets LLC, Bank of America Merrill Lynch, Loop Capital Markets LLC, Grigsby & Associates Inc. and Podesta & Co. (co-managers); proceeds to construct, acquire and equip improvements to the city's harbor recreational facilities.

DUPAGE COUNTY (ILLINOIS): $66.961 million series 2010 taxable general obligation bonds (Aaa/AAA/); negotiated; Wells Fargo Bank, NA (lead); Bernardi Securities Inc., BMO Capital Markets and Cabrera Capital Markets LLC (co-managers); proceeds to construct, acquire and improve flood prevention projects, administrative buildings, the county jail and courthouse, transportation projects and the county's convalescent center.

• $20.925 million series 2010A Build America Bonds

• $46.036 million series 2010B recovery zone economic development bonds

DURHAM (NORTH CAROLINA): $125.755 million series 2010 general obligation bonds (Aaa/AAA/); negotiated; Bank of America Merrill Lynch (lead for 2010A-B); Stephens Inc. (lead for 2010C); Stephens Inc. (co-managers for 2010B); Bank of America Merrill Lynch (co-manager for 2010C); 2010A bonds due 2011 to 2019; 2010B bonds due 2020 to 2025 with term bond due 2030; 2010C bonds due 2011 to 2022; proceeds to pay capital costs associated with school, community college and museum improvements, as well as discharge an existing G.O. bond anticipation note with Bank of America NA and refund G.O. debt.

• $28.73 million series 2010A bonds

• $31.27 million series 2010B Build America Bonds

• $65.755 million series 2010C G.O. refunding bonds

FLORIDA HOUSING FINANCE CORP.: $50 million series 2010B mortgage revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); Morgan Stanley & Co. Inc., RBC Capital Markets Corp., Bank of America Merrill Lynch, George K. Baum & Co., Janney Montgomery Scott LLC and Morgan Keegan & Co. Inc. (co-managers); bonds due 2012 to 2020 with term bonds due 2025, 2028 and 2029; proceeds to fund mortgage loans.

GREATER ORLANDO AVIATION AUTHORITY (FLORIDA): $90 million series 2010 airport facilities refunding revenue bonds (Aa3/A+/AA-); negotiated; Loop Capital Markets LLC (lead); Bank of America Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (co-managers); 2010C bonds due 2019 to 2028; 2010D bonds due 2011 to 2018; proceeds to refund authority's series 1999A-B bonds.

• $75 million series 2010C AMT bonds

• $15 million series 2010D non-AMT bonds

ILLINOIS FINANCE AUTHORITY/ADMIRAL AT THE LAKE: $204.1 million series 2010 revenue bonds; negotiated; Ziegler Capital Markets (lead); BB&T Capital Markets and RBC Capital Markets Corp. (co-managers); 2010B bonds due May 15, 2018; 2010C bonds due May 15, 2018; 2010D-1 bonds due May 15, 2018; 2010D-2 bonds due May 15, 2017; 2010D-3 bonds due May 15, 2017; 2010E bonds due May 15, 2016; proceeds to design, acquire, construct and equip new independent and assisted living facility for senior citizens at the site of the current Admiral at the Lake facility in Chicago.

• $125.6 million series 2010A

• $5.35 million series 2010B

• $5 million series 2010C accelerated redemption reset option securities

• $12.15 million series 2010D-1 tax-exempt mandatory paydown securities

• $18.15 million series 2010D-2 tax-exempt mandatory paydown securities

• $35.35 million series 2010D-3 tax-exempt mandatory paydown securities

• $2.5 million series 2010E taxable mandatory paydown securities

IMPERIAL IRRIGATION DISTRICT (CALIFORNIA): $250 million series 2010B Build America Bonds electric system revenue certificates of participation (A1/AA-/); negotiated; Citigroup Global Markets Inc. and Goldman, Sachs & Co. (lead); Barclays Capital Inc. and De La Rosa & Co. (co-managers); certificates due 2018 to 2040; proceeds to finance the El Centro Unit 3 Repower Project, which will provide an additional 100 megawatts of generation capacity to the El Centro Generating Station.

KENTUCKY STATE PROPERTY AND BUILDINGS COMMISSION: $315.235 million project No. 99 revenue bonds (Aa2//AA-); negotiated; Morgan Stanley & Co. Inc. (lead); Citigroup Global Markets Inc., J.J.B. Hilliard, W.L. Lyons LLC, Morgan Keegan & Co. Inc., PNC Capital Markets LLC, Edward D. Jones & Co. LP, First Kentucky Securities Corp., Stifel, Nicolaus & Co. Inc., Ross, Sinclair & Associates Inc., Sterne, Agee & Leach Inc. and Bank of America Merrill Lynch; proceeds to finance capital projects.

• $80.595 million series A bonds

• $10.35 million series B federally taxable bonds

• $224.29 million series C Build America Bonds

LONG BEACH (CALIFORNIA): $62.07 million series 2010 airport revenue bonds (A2//A-); Morgan Stanley & Co. Inc. and Siebert Brandford Shank & Co. LLC (lead); proceeds to construction passenger holdrooms, restrooms and concessions, as well as consolidate security areas to a single location and refund subordinate commercial paper notes.

• $49.98 million series 2010A private activity senior airport revenue bonds

• $12.09 million series 2010B government activity senior airport revenue bonds

LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY: $740 million series 2010 Measure R senior sales tax revenue bonds (Aa2/AAA/); negotiated; Barclays Capital Inc., Citigroup Global Markets Inc. and Goldman, Sachs & Co. (lead); De La Rosa & Co., Siebert Brandford Shank & Co. LLC, Stone & Youngberg, Jefferies & Co., Loop Capital Markets LLC and Ramirez & Co. Inc. (co-managers); proceeds to finance capital transportation projects under the authority's long-range plan.

LOS ANGELES DEPARTMENT OF AIRPORTS: $194.42 million series 2010 subordinate revenue bonds (A1/AA-/AA-); negotiated; Goldman, Sachs & Co. (lead); RBC Capital Markets Corp. and M.R. Beal & Co. (co-managers); proceeds to finance capital improvements to Los Angeles International Airport, as well as make a deposit to a debt service reserve fund.

• $134.7 million series 2010B non-AMT bonds

• $59.72 million series 2010C Build America Bonds

MAINE STATE HOUSING AUTHORITY: $51.68 million series mortgage purchase bonds; negotiated; Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (lead); Bank of America Merrill Lynch, Morgan Stanley & Co. Inc. and RBC Capital Markets Corp. (co-managers); 2010B-1 bonds due 2013 to 2017; 2010B-2 bonds due 2025; 2010B-3 bonds due 2012 to 2021; proceeds to make mortgage loans.

• $8.75 million series 2010B-1 non-AMT bonds

• $9.495 million series 2010B-2 non-AMT bonds

• $33.435 million series 2010B-3 AMT bonds

MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY: $89.14 million series 2010 single-family homeownership revenue bonds (/AA/); negotiated; Barclays Capital Inc. and Morgan Stanley & Co. Inc. (lead); Bank of America Merrill Lynch and J.P. Morgan Securities LLC (co-managers); 2010A bonds due 2011 to 2020 with term bond due 2025 and 2026; 2010B bonds due 2014 to 2015; 2010C bonds due 2011 to 2020 with term bonds due 2025, 2029 and 2030; proceeds to make mortgage loans.

• $40 million series 2010A non-AMT bonds

• $3.71 million series 2010B non-AMT bonds

• $45.43 million series 2010C AMT bonds

MISSISSIPPI BUSINESS FINANCE CORP.: $100 million series 2010 Gulf Opportunity Zone industrial development bonds (Aaa/VMIG 1); negotiated; SunTrust Robinson Humphrey and Natixis Securities North America Inc. (lead); bonds due Aug. 1, 2035; proceeds to construct, install and equip the Southern Pines Energy Center, a 40 billion cubic-foot natural gas storage facility in Green County, Miss.

MISSISSIPPI HOSPITAL EQUIPMENT AND FACILITIES AUTHORITY/FORREST COUNTY GENERAL HOSPITAL: $70 million series 2010 revenue bonds; negotiated; Bank of America Merrill Lynch (lead); proceeds to construct additions and improvements to the Forrest County General Hospital.

NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY/NEW JERSEY INSTITUTE OF TECHNOLOGY: $69.46 million series 2010 revenue bonds; negotiated; Morgan Stanley & Co. Inc. (lead); Fidelity Capital Markets LLC, Raymond James & Associates Inc. and Rice Financial Products Co. (co-managers); 2010H bonds due 2015 to 2025 with term bond due 2031; 2010I bonds due 2040; proceeds to finance capital projects at the New Jersey Institute of Technology and refund authority's series 2001G-H and 2004B bonds.

• $49.01 million series 2010H tax-exempt bonds

• $20.45 million series 2010I Build America Bonds

OHIO HOUSING FINANCE AGENCY: $90.61 million series 2010A variable-rate demand residential mortgage revenue bonds (Aaa/VMIG 1); negotiated; J.P. Morgan Securities LLC (lead); bonds due Sept. 1, 2029; proceeds to finance residential mortgage loans.

OMAHA PUBLIC POWER DISTRICT (NEBRASKA): $245 million series 2010 electric system revenue bonds (Aa1/AA/); negotiated; Goldman, Sachs & Co. and Bank of America Merrill Lynch (lead); Ameritas Investment Corp., Citigroup Global Markets Inc., Edward D. Jones & Co. LP, J.P. Morgan Securities LLC, Morgan Stanley & Co. Inc., RBC Capital Markets Corp. and Wells Fargo Securities LLC (co-managers); 2010A bonds due 2022 to 2041; 2010B bonds due 2011 to 2030; proceeds to finance capital improvements.

• $120 million series 2010A Build America Bonds

• $125 million series 2010B revenue bonds

PALM BEACH COUNTY HEALTH FACILITIES AUTHORITY (FLORIDA): $53.755 million series 2010 retirement communities revenue bonds (/BBB+/A-); negotiated; Ziegler Capital Markets Inc. (lead); proceeds to pay for or reimburse ACTS Retirement-Life Communities Inc. Obligated Group for capital expenditures connected to its continuing care facilities in Palm Beach and Indian River counties in Florida, as well as to make a deposit to a debt service reserve fund.

PIEDMONT MUNICIPAL POWER AGENCY (SOUTH CAROLINA): $121.11 million series 2010A electric revenue bonds; negotiated; Goldman, Sachs & Co. and Wells Fargo Securities LLC (lead); US Bancorp, TD Securities (USA) LLC, Barclays Capital Inc. and J.P. Morgan Securities LLC (co-managers); proceeds to refund agency's series 1986, 1991, 1991A and 1998 refunding bonds.

• $14.865 million series 2010A-1 taxable bonds

• $50.915 million series 2010A-2 refunding bonds

• $17.92 million series 2010A-3 refunding bonds

• $22.525 million series 2010A-4 refunding bonds

• $14.885 million series 2010A-5 refunding bonds

SAN DIEGO COUNTY REGIONAL TRANSPORTATION COMMISSION: $350 million series 2010 sales tax revenue bonds (Aa1/AAA/); negotiated; Barclays Capital Inc. (lead); De La Rosa & Co., Goldman, Sachs & Co., RBC Capital Markets Corp. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to finance or refinance commuter projects, including trolley and highway improvements.

• $340 million series 2010A Build America Bonds

• $10 million series 2010B tax-exempt bonds

TAMPA BAY WATER (FLORIDA): $103.74 million series 2011 utility system refunding revenue bonds (Aa2/AA+/AA+); negotiated; Bank of America Merrill Lynch (lead); Citigroup Global Markets Inc. and Raymond James & Associates Inc. (co-managers); bonds due 2012 to 2021; proceeds to refund its series 2001A utility system refunding and improvement revenue bonds.

UNIVERSITY OF CINCINNATI: $134.41 million series 2010 general receipts bonds; negotiated; RBC Capital Markets Corp.; proceeds to finance a portion of cost to renovate university's College of Design, Architecture, Art and Planning, as well as advanced refunding of series 2001A bonds and current refunding of its series 2008F bonds, a portion of its series 2008B variable-rate bonds and a portion of its series 2009D notes.

• $119.39 million series 2010F tax-exempt bonds

• $15.02 million series 2010G Build America Bonds

UNIVERSITY OF MICHIGAN: $220 million series 2010 general revenue bonds (Aaa); negotiated; Barclays Capital Inc. (lead); Bank of America Merrill Lynch and Morgan Stanley & Co. Inc. (co-managers); proceeds to replace C.S. Mott Children's and Women's Hospitals, expand the university hospital and health center's eye center, expand the university hospital and health center's data center, expand University Hospital's emergency department, renovate Couzens Hall and make other capital improvements to the university.

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