Municipals Calendar: Washington to bring $720 million in general obligation bonds

WEEK OF JULY 26

CALIFORNIA MUNICIPAL FINANCE AUTHORITY/EISENHOWER MEDICAL CENTER: $109.815 million series 2010A revenue bonds (Baa1//A-); negotiated; Bank of America Merrill Lynch (lead); Morgan Stanley & Co. Inc. (co-manager); proceeds to refinance a bank loan, reimburse the medical center for prior capital expenditures and fund future capital expenditures; pricing week of July 26.

MASSACHUSETTS PORT AUTHORITY: $322.415 million series 2010 revenue and refunding bonds; negotiated; Siebert Brandford Shank & Co. LLC and J.P. Morgan Securities Inc. (lead); Bank of America Merrill Lynch, Fidelity Capital Markets Inc. and Morgan Stanley & Co. Inc. (co-managers); proceeds to finance a bus maintenance facility, improvements to terminals, a new parking deck and upgrades to the Black Falcon Cruise Terminal, as well as refund series 1998A, 1998D and 2008B bonds; pricing week of July 26.

• $97.09 million series 2010A non-AMT revenue bonds (Aa3)

• $139.97 million series 2010B non-AMT revenue refunding bonds (Aa3)

• $25.03 million series 2010C AMT revenue refunding bonds (Aa3)

• $60.325 million series 2010E PFC revenue refunding bonds (A2)

TAMPA: $56.1 million series 2010 solid waste system refunding revenue bonds (A3//A); negotiated; RBC Capital Markets Corp. (lead); Morgan Stanley & Co. Inc. and Fifth Third Securities Inc. (co-managers); proceeds to refund city's series 1999 solid waste revenue bonds; pricing week of July 26.

JULY 28

COLUMBUS (OHIO): $431.715 million series 2010 unlimited and limited tax general obligation bonds (Aaa//AAA); negotiated; Stifel, Nicolaus & Co. Inc. and J.P. Morgan Securities Inc. (lead); Blaylock Robert Van LLC; Fidelity Capital Markets Inc.; Fifth Third Securities Inc.; The Huntington Investment Co.; M.R. Beal & Co.; PNC Capital Markets LLC; and RBC Capital Markets Corp. (co-managers); proceeds to fund capital improvements, including water system improvements, sanitary sewer improvements, parks and recreation projects and public safety and health projects; pricing July 28.

• $129.245 million series 2010A unlimited tax bonds

• $16.315 million series 2010B limited tax bonds

• $266.38 million series 2010C unlimited tax Build America Bonds

• $14.04 million series 2010D limited tax Build America Bonds

HOOVER CITY BOARD OF EDUCATION (ALABAMA): $116.14 million series 2010 capital outlay warrants; competitive; First National Banker's Bank Capital Markets (financial adviser); warrants due 2014 to 2017 and 2028 to 2040; proceeds to refund a portion of board's series 2001 capital outlay tax anticipation warrants, series 2002 capital outlay tax anticipation refunding warrants and series 2002A capital outlay tax anticipation warrants; pricing July 28.

MARYLAND: $289.76 million general obligation bonds (Aaa/AAA/AAA); competitive; proceeds for public purposes, including for state facilities, local governments and grants and loans; pricing July 28.

• $165 million second series B bonds due 2013-2021

• $75 million second series C bonds due 2022-2025

• $49.76 million second series D bonds due 2025

PHILADELPHIA: $185 million series 2010C water and wastewater revenue bonds (A1/A/A+); negotiated; Citigroup Global Markets Inc. (lead); Barclays Capital Inc., Loop Capital Markets LLC, PNC Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2016 to 2030 with term bonds due 2035 and 2040; proceeds to finance capital improvements to city's water and wastewater system, as well as terminate a portion of a 2007 swap agreement; pricing July 28.

PORT OF HOUSTON AUTHORITY (TEXAS): $300 million series 2010 improvement and refunding bonds; negotiated; Bank of America Merrill Lynch (lead); Jefferies & Co., Ramirez & Co. Inc., RBC Capital Markets Corp., Rice Financial Products Co., Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC (co-managers); proceeds to finance improvements to city's port and refund existing port debt; pricing July 28.

• $250 million series 2010D unlimited tax port improvement and refunding bonds

• $50 million series 2010E unlimited tax refunding bonds

WASHINGTON STATE: $720.34 million series 2011various purpose general obligation and refunding bonds (/AA+/AA+); competitive; Montague DeRose & Associates and Seattle-Northwest Securities Corp. (financial advisers); proceeds to refund existing debt and finance general capital projects; pricing July 28.

• $350.88 million series 2011A various purpose G.O. bonds

• $118.29 million series 2011T taxable G.O. bonds

• $251.17 million series 2011 R-A various purpose G.O. refunding bonds

JULY 29

CLARK COUNTY (NEVADA): $239.815 million series 2010 sales and excise tax revenue bonds (Aa2/AA/); competitive; Hobbs, Ong & Associates Inc. and Public Financial Management Inc. (financial advisers); 2010B bonds due 2011 to 2021; 2010C bonds due 2021 to 2030; proceeds to refund commercial paper notes and fund air quality improvements for the Regional Transportation Commission of Southern Nevada; pricing July 29.

• $108.34 million series 2010B improvement and refunding bonds

• $131.475 million series 2010C Build America Bonds

WEEK OF AUGUST 2

AUGUST 2

ALABAMA WATER POLLUTION CONTROL AUTHORITY: $63.385 million series 2010B revolving fund loan refunding bonds (/AA-/); competitive; Thornton Farish Inc. (financial adviser); bonds due 2012 to 2021; proceeds to refund series 1998A-B bonds; pricing Aug. 2.

AUGUST 3

STATE OF MINNESOTA: $865 million general obligation state bonds; competitive; Public Resources Advisory Group (financial adviser); proceeds to finance programs and capital projects, including educational facilities and parks, the state trunk highway system and to develop the state's agricultural resources by financing the Rural Finance Authority's programs; pricing Aug. 3.

• $635 million of series 2010A state various purpose bonds due 2011 to 2030

• $225 million of series 2010B state trunk highway bonds due 2011 to 2030

• $5 million of series 2010C taxable state bonds due Aug. 1, 2015

AUGUST 4

LOS ANGELES COMMUNITY COLLEGE DISTRICT: $125 million election of 2008 series 2010 general obligation bonds; negotiated; Citigroup Global Markets Inc. (lead); De La Rosa & Co.; Morgan Stanley & Co. Inc.; Backstrom McCarley Berry & Co. LLC; Bank of America Merrill Lynch; Goldman, Sachs & Co.; Ramirez & Co. Inc.; and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to install upgraded emergency lighting and security systems at all community colleges in the city, improve and add walkways, sidewalks and roads at the campuses and construct energy infrastructure systems; pricing Aug. 4.

MIAMI-DADE COUNTY EXPRESSWAY AUTHORITY: $350 million series 2010 toll system revenue bonds (A3/A/A-); negotiated; Citigroup Global Markets Inc. (lead); Bank of America Merrill Lynch, J.P. Morgan Securities Inc., Morgan Keegan & Co. Inc., Morgan Stanley & Co. Inc., Raymond James & Associates Inc., Sterne, Agee & Leach Inc., Rice Financial Products Co. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to finance authority's 2011 to 2015 work program; pricing Aug. 4.

MISSISSIPPI HOSPITAL EQUIPMENT AND FACILITIES AUTHORITY/NORTH MISSISSIPPI HEALTH SERVICES: $75 million series 2010-1 revenue bonds (Aa3/AA/AA); negotiated; J.P. Morgan Securities Inc. (lead); proceeds to expand and renovate medical center's West Bed Tower, construct a new five-story bed tower next to West Bed Tower, replace an existing electronic medical records system and construct a central sterile processing facility; pricing Aug. 4.

ON THE HORIZON

BOARD OF TRUSTEES OF MICHIGAN STATE UNIVERSITY: $205 million series 2010B general revenue tax-exempt bonds (Aa2/AA/); negotiated; Bank of America Merrill Lynch and J.P. Morgan Securities Inc. (lead); 2010A bonds are due 2044 to 2050; proceeds to construct, furnish and equip replacement for Morrill Hall; renovate, remodel and equip Brody, Bailey and Emmons halls; and upgrade the university's power plant.

CLEVELAND CITY SCHOOL DISTRICT (OHIO): $113.44 million series 2010 school improvement refunding bonds (Aa2/AA-/); negotiated; RBC Capital Markets Corp. (lead); Blaylock Robert Van LLC (co-managers); bonds due 2013 to 2030; proceeds to refund bond anticipation notes and refund series 2002 bonds.

FLORENCE COUNTY (SOUTH CAROLINA)/MCLEOD REGIONAL MEDICAL CENTER OF THE PEE DEE INC.: $122.415 million series 2010A hospital revenue bonds (/A+/AA-); negotiated; J.P. Morgan Securities Inc. (lead); Wells Fargo Securities LLC (co-manager); proceeds to construct, acquire and equip hospital facilities, as well as refund hospital's series 2004B bonds and a portion of its series 1998A bonds, if market conditions are favorable.

GEORGE WASHINGTON UNIVERSITY (WASHINGTON, D.C.): $138 million series 2010 taxable bonds (A1/A+/); negotiated; Barclays Capital Inc. (lead); J.P. Morgan Securities Inc. and Loop Capital Markets LLC (co-managers); bonds due 2010 to 2020; proceeds to redeem series 1999A District of Columbia university revenue bonds and fund general expenses.

GROSSMONT UNION HIGH SCHOOL DISTRICT (CALIFORNIA): $80 million series 2010 general obligation bonds; negotiated; De La Rosa & Co. (lead); Stone & Youngberg LLC, Bank of America Merrill Lynch and Citigroup Global Markets Inc. (co-managers); proceeds to fund improvements to district's school facilities.

HAMILTON COUNTY (OHIO): $53.125 million series 2010 student housing revenue refunding bonds; negotiated; RBC Capital Markets Corp. (lead); proceeds to refund bonds, which were used to renovate, expand and construct student housing at the University of Cincinatti.

ILLINOIS FINANCE AUTHORITY/GREENFIELDS OF GENEVA: $117.48 million series 2010 revenue bonds; negotiated; Ziegler Capital Markets (lead); 2010B bonds due Feb. 15, 2017; 2010C-1 bonds due Feb. 15, 2017; 2010C-2 bonds due Feb. 15, 2016; 2010C-3 bonds due Feb. 15, 2016; proceeds to reimburse Greenfields of Geneva for construction of a senior living facility in Geneva, Ill., as well as to provide working capital for facility.

• $88.48 million series 2010A

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

• $4.575 million series 2010C-1 tax-exempt mandatory paydown securities

• $8.35 million series 2010C-2 tax-exempt mandatory paydown securities

• $11.075 million series 2010C-3 tax-exempt 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.

JURUPA PUBLIC FINANCING AUTHORITY (CALIFORNIA): $86.23 million series 2010 revenue bonds (/A-/); negotiated; Stone & Youngberg (lead); Piper Jaffray & Co. (co-manager); proceeds to fund loans to public entities for general capital improvements.

• $67.26 million series 2010A superior lien bonds

• $18.97 million series 2010B subordinate lien bonds

LOUISIANA PUBLIC FACILITIES AUTHORITY/LAYFAYETTE GENERAL MEDICAL CENTER: $87.335 million series 2010 hospital revenue and refunding bonds (A3//A-); negotiated; Bank of America Merrill Lynch (lead); J.P. Morgan Securities Inc. and Morgan Keegan & Co. Inc. (co-managers); bonds due 2011 to 2013 with term bonds due 2025, 2030 and 2040; proceeds to construct, equip, acquire and remodel medical center's main hospital campus.

MARYLAND: $200 million second series A general obligation bonds (Aaa/AAA/AAA); negotiated; Citigroup Global Markets Inc. and M&T Securities, Inc.(co-senior managers); Bank of America Merrill Lunch; RBC Capital Markets Corp.; Siebert Brandford Shank & Co., LLC; Barclays Capital Inc.; Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; Loop Capital Markets, LLC; and Morgan Keegan & Co. (co-managers); bonds due 2010 to 2018; proceeds for public purposes, including for state facilities, local governments and grants and loans.

MICHIGAN FINANCE AUTHORITY: $745.9 million series 2010D state aid revenue notes; negotiated; Siebert Brandford Shank & Co. LLC and Morgan Stanley & Co. Inc. (lead); Cabrera Capital Markets LLC, Fidelity Capital Markets Inc., Fifth Third Securities Inc., PNC Capital Markets LLC, Stifel, Nicolaus & Co. Inc. and Wells Fargo Brokerage LLC (co-managers); 2010D-1 notes due Aug. 19, 2011; 2010D-2 notes due Aug. 22, 2011; 2010D-3 notes due Aug. 22, 2011; proceeds to purchase notes issued by school districts within the state.

• $256.625 million series 2010D-1 notes

• $269.1 million series 2010D-2 notes

• $220.175 million series 2010D-3 notes

NEW MEXICO FINANCE AUTHORITY: $55.96 million series 2010 revolving fund revenue bonds; negotiated; RBC Capital Markets Corp. (lead); Piper Jaffray & Co. and Morgan Stanley & Co. Inc. (co-managers); proceeds to fund capital projects.

• $29.49 million series 2010B-1 tax-exempt bonds

• $26.47 million series 2010B-2 taxable bonds

OHIO: $50 million series 2010 veterans' compensation general obligation bonds; negotiated; Fifth Third Securities Inc. (lead); Blaylock Robert Van LLC, Jefferies & Co., PNC Capital Markets LLC, Ross, Sinclaire & Associates LLC and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to be deposited to the state Department of Veterans Affairs claims and compensation fund.

PHILADELPHIA: $285 million series 2010-2011A tax and revenue anticipation notes (MIG1/SP-1+/); negotiated; Bank of America Merrill Lynch (senior manager): Seibert Brandford Shank & Co., LLC, RBC Capital Markets Corp. and Wells Fargo Securities LLC (co-managers); due June 30, 2011; proceeds to pay general expenses and obligations.

REGIONAL TRANSPORTATION DISTRICT (COLORADO): $404 million series 2010 tax-exempt private activity bonds; negotiated; Barclays Capital Inc. (lead); Bank of America Merrill Lynch (co-manager); proceeds to construct commuter rail projects in the City of Denver, which will be operated by a private company or consortium.

RHODE ISLAND AND PROVIDENCE PLANTATIONS: $350 million series 2011general obligation tax anticipation notes; negotiated; J.P. Morgan Securities Inc. (lead); Morgan Keegan & Co. Inc. and Oppenheimer & Co. Inc. (co-managers); notes due June 30, 2011; proceeds to fund general expenses of the state.

SOUTH DAKOTA HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/REGIONAL HEALTH OBLIGATED GROUP: $57.315 million series 2010 revenue bonds (A1); negotiated; Piper Jaffray & Co. (lead); proceeds to refund existing bonds used to construct, acquire, equip, remodel and renovate the obligated group's main hospital in Rapid City, S.D., as well as acquire various pieces of equipment for the main hospital.

TOHOPEKALIGA WATER AUTHORITY (FLORIDA): $95 million series 2010A utility system revenue refunding bonds (Aa3/AAA/); negotiated; FirstSouthwest Co. (lead): proceeds to refund existing debt issued to improve and expand utility system.

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