Municipals Calendar: University of Miami plans $347 million

WEEK OF APRIL 28

LIBERTY PUBLIC SCHOOL DISTRICT NO. 53 (MISSOURI): $58 million general obligation bonds; negotiated; George K. Baum (lead); proceeds for first phase of construction on high school, purchase of early childhood center, improvements at original high school and security and technology upgrades; pricing week of April 28.

ORLANDO REGIONAL HEALTHCARE SYSTEM (FLORIDA)/ORANGE COUNTY HEALTH FACILITIES AUTHORITY: $155.825 million (A2/A/A); negotiated; Morgan Stanley (lead); Goldman, Sachs & Co. and SunTrust Robinson Humphrey (remarketing agents); proceeds to refund all authority's series 2002 hospital revenue bonds and pay for capital improvements to hospital facilities; pricing week of April 28.

• $49.025 million series 2008A bonds

• $106.8 million series 2008B bonds

APRIL 30

CALIFORNIA DEPARTMENT OF WATER RESOURCES: $295 million series 2008K power supply revenue bonds; pricing April 30.

CATHOLIC HEALTHCARE WEST/CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY: $80 million (A2/A/A+); negotiated; Citigroup Global Markets and Lehman Brothers (lead); proceeds will be exchanged for the authority's series 2007I and series 2007J auction-rate bonds; pricing April 30.

• $48.025 million series 2008A

• $31.975 million series 2008B

JEA (FLORIDA): $260 million series three 2008D1 and series three D2 variable-rate electric revenue refunding bonds (Aa2/VMIG1); pricing April 30.

METROPOLITAN SEWERAGE DISTRICT OF BUNCOMBE COUNTY, N.C.: $22.165 million series 2008B revenue refunding bonds (Aa3/AA/AA); weekly rate; negotiated; Banc of America Securities LLC; due July 1, 2029; proceeds to refund outstanding series 2004 revenue bonds and series 2005 revenue refunding bonds; pricing April 30.

NATIONWIDE CHILDREN'S HOSPITAL/FRANKLIN COUNTY HOSPITAL COMMISSION (OHIO): $45 million series 2008B variable-rate demand revenue bonds (Aa2//); negotiated; NatCity Investments and J.P. Morgan Securities Inc. (lead); proceeds refund hospital's auction-rate securities; pricing April 30.

RHODE ISLAND STUDENT LOAN AUTHORITY: $64 million fixed-rate student loan program revenue bonds; negotiated; Citigroup Global Markets (lead); maturities from 2013 through 2028; proceeds to finance education loans through the Rhode Island Family Education Loan Program; pricing April 30.

• $60 million series 2008 senior bonds

• $4 million series 2008I subordinate bonds

TEXAS CHILDREN'S HOSPITAL/HARRIS COUNTY HEALTH FACILITIES DEVELOPMENT CORP.: $300 million health care revenue bonds (Aa2/VMIG1); negotiated; J.P. Morgan Securities Inc.; proceeds to refund the series 2007-1, 2007-2 and 2007-3 auction-rate bonds; pricing April 30.

• $100 million series 2008-1

• $100 million series 2008-2

• $100 million series 2008-3

UNIVERSITY OF MIAMI/MIAMI-DADE COUNTY EDUCATIONAL FACILITIES AUTHORITY: $347 million series 2008 revenue bonds (A2/A-/); negotiated; Morgan Stanley (lead); Citigroup Global Markets, Bear, Stearns & Co., Goldman, Sachs & Co., Merrill Lynch & Co., Estrada Hinojosa, Loop Capital Markets and Siebert Brandford Shank & Co. (co-managers); proceeds finance or refinance purchase price of Cedars Medical Center and renovations to hospital; pricing April 30.

• $307 million series 2008A

• $40 million series 2008B

VIRGINIA PUBLIC SCHOOL AUTHORITY: $59.87 million series VIII school educational technology notes; competitive; BB&T Capital Markets (financial adviser); maturities from 2009 through 2013; proceeds to make grants to establish a computer-based instructional and testing system for the Standards of Learning program and to develop high-speed internet access at high schools, and then middle schools and elementary schools in the state; pricing April 30.

WISCONSIN HOUSING AND ECONOMIC DEVELOPMENT AUTHORITY: $150 million series 2008A home ownership revenue bonds; negotiated; Merrill Lynch (lead); due in 2023, 2028, 2032 and 2034; proceeds to refund existing loans and to purchase new mortgage loans; pricing April 30.

MAY 1

ANTELOPE VALLEY-EAST KERN WATER AGENCY/CALIFORNIA SPECIAL DISTRICT ASSOCIATION FINANCE CORP.: $85 million certificates of participation (Aa3); proceeds to refund the district's $85 million series 2007 auction-rate certificates; pricing May 1.

• $40 million series 2008A1 fixed rate certificates

• $45 million series 2008A2 variable rate certificates

JOHN MUIR HEALTH/CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY: $101.3 million variable-rate health care revenue bonds (A1); proceeds to refund the $44 million in series 1997B bonds and the $100 million in series 2006B and C bonds; pricing May 1.

• $50.6 million series 2008A bonds

• $50.7 million series 2008B bonds

LAKE WORTH UTILITY SYSTEM (FLORIDA): $66 million series 2008 refunding and improvement revenue bonds (A2); private placement; Banc of America Public Capital Corp. and SunTrust Equipment Finance and Leasing Corp.; pricing May 1.

ORLANDO-ORANGE COUNTY EXPRESSWAY AUTHORITY (FLORIDA): $499.105 million revenue refunding bonds; negotiated; Bank of America (for series 2008B-1); SunTrust Bank (for 2008B-2); Wachovia Bank (for series 2008B-3 and 2008B-4); proceeds to construct roads and refund existing bonds.

SAN DIEGO COUNTY WATER AUTHORITY: $579.636 million (up to $625 million) series 2008A certificates (Aa3/AA+/AA); negotiated; Goldman, Sachs & Co. (lead); maturities from 2009 through 2028 and term bonds due 2033 and 2038; proceeds to refund $63.165 million series 1997A water revenue certificates of participation and finance the authority's capital improvement program; pricing initially May 1.

WEST BASIN MUNICIPAL WATER DISTRICT/WEST BASIN FINANCING CORP. (CALIFORNIA): $140.185 million series 2008B refunding revenue certificates of participation (A1); negotiated; Citigroup Global Markets (lead); pricing May 1.

WEEK OF MAY 5

ARIZONA TRANSPORTATION BOARD: $200 million series 2008A revenue bonds (Aa1//); negotiated; Citigroup Global Markets (lead); proceeds for construction projects under board's five-year plan; pricing week of May 5.

CITIZENS PROPERTY INSURANCE CORP.: $1.5 billion series 2008A high-risk account senior secured bonds (A2); proceeds to move liquidity reserves away from the auction-rate market; pricing April week of May 5.

HAWAII: $427 million general obligation and refunding bonds (Aa2); proceeds to finance or to reimburse the state for public projects and to pay $30 million in fiscal year 2009 for the Hawaiian Home Lands Settlement; pricing expected week of May 5.

• $375 million series 2008DK G.O. bonds

• $27 million series 2008DL refunding bonds

• $25 million series 2008DM G.O. bonds

MAY 5

UNIVERSITY COMMUNITY HOSPITAL (FLORIDA): $150 million bonds; pricing May 5.

MAY 6

HORRY COUNTY (SOUTH CAROLINA): $62 million series 2008 general obligation bonds; competitive; Davenport & Co. (financial adviser); maturities from 2009 through 2028; proceeds to construct and expand the county's libraries, recreation centers and detention center; pricing May 6.

OLATHE (KANSAS): $37 million series 211 general obligation bonds (Aa2) and $49.5 million series 2008A general obligation temporary notes (MIG 1); competitive; George K. Baum & Co. (financial adviser); proceeds to provide financing for capital improvement projects throughout the city, including street improvements and a railway track project; pricing May 6.

RIVERSIDE UNIFIED SCHOOL DISTRICT (CALIFORNIA): $50 million series C general obligation bonds (A1/A+/); competitive; Fieldman, Rolapp & Associates (financial adviser); maturities from 2009 through 2038; proceeds for district projects, including new elementary and middle schools, restroom renovations, a new library and permanent wing additions to replace portable classrooms; pricing May 6.

STOCKTON UNIFIED SCHOOL DISTRICT (CALIFORNIA): $65 million bonds; pricing May 6.

VALLEY VIEW HOSPITAL/COLORADO HEALTH FACILITIES AUTHORITY: $51.11 million series 2008 hospital revenue refunding bonds (/BBB/); negotiated; UBS Investment Bank (lead); term bonds due May 15, 2028 and May 15, 2036; proceeds to refund the outstanding $25 million series 2003B revenue bonds and the $20 million series 2006B revenue bonds; pricing May 6.

MAY 7

ST. ANSELM COLLEGE/NEW HAMPSHIRE HEALTH AND EDUCATIONAL FACILITIES AUTHORITY: $62.705 million series 2008 revenue bonds (A3); negotiated; Piper Jaffray; proceeds to refund the outstanding series 1998, series 1999 and series 2004 bonds and fund the construction of a residence hall and renovation of existing facilities; pricing May 7.

MAY 8

CARROLLTON-FARMERS BRANCH INDEPENDENT SCHOOL DISTRICT (TEXAS): $58.87 million series 2008 general obligation unlimited tax school building and refunding bonds (Aa2/AA/); competitive; First Southwest Co. (financial adviser); maturities from 2009 through 2033; pricing May 8.

COLLEGE OF THE HOLY CROSS/MASSACHUSETTS HEALTH & EDUCATIONAL FACILITIES AUTHORITY: $71 million series 2008B revenue refunding bonds (Aa3//); negotiated; Banc of America Securities LLC; proceeds to construct new science facility, complete renovation of existing science facility, renovate an existing theater, extend campus road, acquire and install campus furnishings, build and renovate upgrades to buildings, systems and campus infrastructure; pricing May 8.

SANTA CLARA COUNTY FINANCING AUTHORITY (CALIFORNIA): $115.895 million series 2008L refunding lease revenue bonds (Aa3/AA/); negotiated; Banc of America Securities LLC (lead); proceeds to refund and defease the authority's auction-rate series 2003D, series 2005H and series 2006J bonds and for the payment of capitalized interest on a portion of the series 2008L bonds that will be allocated to the Morgan Hill Courthouse through May 15, 2009; pricing May 8.

SUTTER HEALTH/CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY: $300 million series 2008B bonds; negotiated; Morgan Stanley (lead); proceeds to fund new health care projects; pricing May 8.

MAY 12

JOHN MUIR HEALTH/CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY: $44.6 million series 2008C variable-rate health care revenue bonds (A1); proceeds to refund outstanding bonds; pricing May 12.

MAY 14

CEDAR PARK (TEXAS): $43.995 million series 2008 taxable certificates of obligation (A1); proceeds to construct an event center; pricing May 14.

APRIL

CATHOLIC HEALTH INITIATIVES/COLORADO HEALTH FACILITIES AUTHORITY/MONTGOMERY COUNTY, OHIO: $250 million revenue bonds; negotiated; J.P. Morgan Securities Inc. and UBS Investment Bank; proceeds to refund series 2006C2, C4, C6 and C8 bonds and the Ohio-priced series 2006C2 bonds.

• $40 million series 2008C2

• $40 million series 2008C4

• $60 million series 2008C5

• $60 million series 2008C8

• $50 million series 2008C bonds (Ohio)

DETROIT EDISON CO./MICHIGAN STRATEGIC FUND: $68.5 million series 2008DT variable-rate limited obligation refunding revenue bonds; negotiated; KeyBanc Capital Markets; due Dec. 1, 2036.

EASTERN MICHIGAN UNIVERSITY: $125.795 million series 2008 general revenue variable-rate demand refunding bonds (Aaa/AAA/); negotiated; Piper Jaffray; due June 1, 2036; proceeds to pay the costs of refunding outstanding obligations of the university's board of regents.

GEORGIA TECH FACILITIES/DEVELOPMENT AUTHORITY OF FULTON COUNTY: $66.655 million refunding revenue bonds; negotiated; UBS Investment Bank; weekly interest rate; proceeds to refund the authority's and Georgia Tech Facility's series 2005A bonds.

• $32.895 million series 2008A bonds due May 1, 2037

• $33.76 million series 2008B bonds due June 1, 2032

HOUSTON COMMUNITY COLLEGE SYSTEM (TEXAS): $56.355 million series 2008 senior-lien student fee revenue bonds; negotiated; Siebert Brandford Shank & Co. (lead); maturities from 2009 through 2030; proceeds to acquire facilities currently leased by the system, pay for the construction and renovation of the Southeast Workforce Building, renovate other college facilities and provide funds sufficient to capitalize on one year's interest payment.

HOWARD HUGHES MEDICAL INSTITUTE: $76.5 million series 2008B refunding bonds; negotiated; Lehman Brothers (lead); proceeds to refund existing debt on the headquarters from the institute's 1990 bonds; pricing expected in April.

KENT HOSPITAL FINANCE AUTHORITY/SPECTRUM HEALTH (MICHIGAN): $227.32 million revenue refunding bonds (Aa3/AA/); negotiated; Citigroup Global Markets (lead); includes 2008A-1, 2008A-2, 2008A-3 and 2008A-4 bonds; proceeds to refund series 2001B and 2007 bonds.

SOUTHEAST MISSOURI STATE UNIVERSITY: $56.64 million series 2008 system facilities revenue bonds (/AAA/); negotiated; Edward Jones; maturities from 2009 through 2028 and term bonds due 2022 and 2038; proceeds to refund the $8.655 million series 1998A bonds and $10.605 million series 1998B bonds and pay the costs for a student housing facility and other renovations at the university's Cape Girardeau, Mo., campus.

UNIVERSITY OF NORTH CAROLINA AT WILMINGTON CORP.: $61.95 million series 2008 certificates of participation (/A-/); negotiated; Banc of America Securities LLC and BB&T Capital Markets (lead); bonds due 2010 to 2021 with term bonds due 2024, 2027, 2032 and 2038; proceeds to construct and equip suite-style student housing and purchase a debt service reserve surety bond in lieu of a debt service reserve fund; pricing in April.

WISCONSIN PUBLIC POWER INC.: $234.685 million series 2008A power supply system revenue bonds (A1/A+/A+); negotiated; J.P. Morgan Securities Inc. (lead); proceeds to refund a portion of the company's outstanding bonds, finance construction and improvements of the company's Boswell 4 generating unit, fund the debt reserve account for the series 2008A bonds and finance capitalized interest.

MAY

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/ECONOMIC DEVELOPMENT AND HOUSING/EDUCATION: $131 million personal income tax revenue refunding bonds; pricing in May.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/FORDHAM UNIVERESITY: $105 million variable-rate refunding bonds; pricing in May.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/MENTAL HEALTH FACILITIES: $1.2 billion improvement program bonds; pricing in May.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/PRATT INSTITUTE: $104 million partial refunding issue; pricing in May.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/RESIDENTIAL INSTITUTIONS FOR CHILDREN: $60 million bonds; pricing in May.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/ST. JOHN'S UNIVERSITY: $190 million variable-rate refunding bonds; pricing in May.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/UPSTATE COMMUNITY COLLEGES: $58 million refunding bonds; pricing in May.

OREGON/HOUSING AND COMMUNITY SERVICES DEPARTMENT: $105 million series 2008 mortgage revenue bonds; negotiated; Bear, Stearns & Co., Merrill Lynch, Banc of America Securities LLC, Citigroup Global Markets, Edward Jones and Morgan Stanley; series 2008D bonds due 2009 and 2020 to 2023; 2008E bonds due 2010 to 2019 with term bonds due 2027 and 2039; series 2008F bonds due 2039; proceeds to refund outstanding bonds and make a deposit to debt reserve account; pricing in May.

• $11.79 million series 2008D non-AMT bonds

• $58.21 million series 2008E AMT bonds

• $35 million series F variable-rate AMT bonds

QUINCY MEDICAL CENTER/MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY: $61.95 million series 2008A revenue bonds; negotiated; Oppenheimer & Co.; term bonds due in 2018, 2028 and 2038; proceeds to refund the center's series 1993 bonds and finance and refinance capital improvement projects for renovations and equipment upgrades; pricing mid-May.

WISCONSIN HOUSING AND ECONOMIC DEVELOPMENT AUTHORITY: $38 million series 2008B variable-rate demand bonds; negotiated; Merrill Lynch (lead); due Sept. 1, 2034; proceeds to refund existing loans and to purchase new mortgage loans; pricing in May.

JUNE

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/CITY UNIVERSITY OF NEW YORK: $715 million refunding bonds; pricing in June.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/ FORDHAM UNIVERESITY: $125 million bonds; pricing in June.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/MUNICIPAL HEALTH FACILITIES IMPROVEMENT PROGRAM: $720 million refunding bonds; pricing in June.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/NEW YORK UNIVERSITY: $485 million variable-rate bonds; pricing in June.

ON THE HORIZON

CHICAGO SYMPHONY ORCHESTRA/ILLINOIS FINANCE AUTHORITY: $85 million bonds

CHILDREN'S TRUST (COMMONWEALTH OF PUERTO RICO): $205.29 million tobacco settlement asset-backed bonds; negotiated; Citigroup Global Markets (lead); maturity of May 15, 2058; proceeds to pay for government operating expenses and to fund grants.

• $157.912 million series 2008A

• $47.378 million series 2008B

CLEVELAND: $95.634 million series 2008 public power system revenue bonds (A2/A-/); negotiated; Lehman Brothers; J.P. Morgan Securities Inc. and Loop Capital Markets (co-managers); proceeds to refund series 2006B refunding revenue bonds.

• $20.09 million series 2008A bonds due 2016 to 2024

• $75,544,167 series 2008B bonds due 2010 to 2018, term bonds due 2023, 2028 and 2038

COMMONWEALTH OF PUERTO RICO: $1.06 billion general obligation public improvement refunding bonds; negotiated; UBS Financial Services Inc. of Puerto Rico (lead); proceeds to refund public improvement bonds.

• $700 million series 2008A

• $175 million series 2008B

• $185 million series 2008C

CULINARY INSTITUTE OF AMERICA/DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $57 million variable-rate bonds.

DEPAUL UNIVERSITY/ILLINOIS FINANCE AUTHORITY: $500 million bonds

ELMHURST MEMORIAL HEALTHCARE/ILLINOIS FINANCE AUTHORITY: $362.62 million revenue and variable rate bonds; negotiated; Citigroup Global Markets (lead); proceeds to refund $47 million from series 2006 revenue bonds and pay for a portion of the costs of acquiring and equipping health facilities.

• $112.615 million series 2008A revenue bonds

• 100 million series 2008B variable-rate demand revenue bonds

• $75 million series 2008C variable-rate demand revenue bonds

• $50 million series 2008D variable-rate demand revenue bonds

• $25 million series 2008E variable-rate demand revenue bonds

FAIRFIELD, CONN.: $51.115 million 2008 refunding bonds; negotiated; William Blair (lead); serial structure from 2010 to 2023; proceeds refund city's 2003A and 2003B bonds.

FLORIDA BOARD OF EDUCATION: $315.4 million series 2008A State Board of Education lottery revenue bonds (AA+); competitive; proceeds for school construction and renovation of schools; 18-hour notice.

FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION: $278 million series 2008A Florida forever revenue bonds; competitive; 18-hour notice.

FLORIDA: $150 million series 2008A Department of Environmental Protection Florida Forever revenue bonds; competitive; 18-hour notice.

HARRIS COUNTY HEALTH FACILITIES DEVELOPMENT CORP. (TEXAS): $230.06 million series 2008 thermal utility revenue bonds (Aa3/AA-/); negotiated; RBC Capital Markets (lead); J.P. Morgan Securities Inc., Siebert Brandford Shank & co. and Merrill Lynch & Co.; proceeds will be loaned to the Texas Medical Center Central Heating and Cooling Services Corp. to construct first-phase projects for the corporation and fund capitalized interest.

HEALTH AND EDUCATIONAL FACILITES BOARD OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY/VANDERBILT UNIVERSITY (TENNESSEE): $353.31 million series 2008A, 2008B and 2008C revenue refunding bonds (Aa2/AA/AA); negotiated; Merrill Lynch & Co. (lead); Goldman, Sachs & Co. and J.P. Morgan Securities Inc. (co-managers); proceeds to retire commercial paper and refund series 1997A and series 1998A revenue refunding bonds.

HOUSTON INDEPENDENT SCHOOL DISTRICT (Texas): $385.4 million series 2008 limited tax schoolhouse bonds; negotiated; Merrill Lynch & Co. (lead); serial maturities from 2012 through 2033; proceeds to construct, equip and acquire school buildings and sites.

ILLINOIS FINANCE AUTHORITY: $380 million series 2008 revenue bonds (/A-/AA-); negotiated; Goldman, Sachs & Co. and Morgan Stanley (lead); Loop Capital Markets and Cabrera Capital Markets; series 2008A bonds due 2033 and 2047; series 2008B bonds due 2015 to 2023 with term bonds due 2028 and 2039; proceeds to construct a new children's hospital, refund existing bonds and make deposit to a debt service reserve fund.

• $210 million series 2008A

• $170 million series 2008B

INDUSTRIAL DEVELOPMENT BOARD OF MOBILE (Ala.): $246.5 million pollution control revenue bonds (A2/A); remarketing; Morgan Keegan & Co. (lead); mature June 1, 2034; pricing mid-March.

• $86.5 million series 2007-A bonds

• $80 million series 2007-B bonds

• $80 million series 2007-C bonds

LANCASTER PORT AUTHORITY (OHIO): $348.25 million gas supply variable-rate revenue bonds (Aaa/VMIG1); negotiated; RBC Capital Markets (lead); due 2038; proceeds to prepay a 30-year gas supply to the authority, make scheduled interest rate swap payments and make a deposit to a debt service reserve fund.

LOYOLA UNIVERSITY/ILLINOIS FINANCE AUTHORITY: $95 million bonds

MAINE STATE HOUSING AUTHORITY: $90.55 million variable-rate mortgage purchase bonds; negotiated; UBS Investment Bank and Bear, Stearns & Co. (lead); bonds bear interest at weekly rate with 12% maximum; 2008E-1 bonds due 2030 and 2032; 2008E-2 bonds due 2030 and 2037; proceeds to refund the authority's series 2003E-1 and series 2003E-2 bonds.

• $39.585 million series 2008E-1 bonds

• $50.965 million series 2008E-2 bonds

MAINE TURNPIKE AUTHORITY: $64.3 million refunding bonds; negotiated: UBS Investment Bank (lead); proceeds to refund and redeem the authority's $47.97 million series 1998 refunding revenue bonds and the $20.535 million series 1998 special obligation refunding bonds.

• $45.92 million series 2008 turnpike revenue refunding bonds

• $18.38 million series 2008 special obligation refunding bonds

MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY: $141.235 million series M Boston College Issue revenue bonds (Aa3/AA-); negotiated; Lehman Brothers (lead); due from 2023 to 2028 with term bonds due 2030 and 2035; proceeds for renovations on campus, the construction of administrative building and construction of stairs at a campus building.

MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/DANA-FARBER CANCER INSTITUTE: $109.305 million series 2008K revenue bonds; negotiated; Goldman, Sachs & Co.; maturities from Dec. 1, 2008 through Dec. 1, 2024 and term bonds due in 2028 and 2038; proceeds to pay the principal and interest due on bridge financing used to refund series 2004H1 and H2 periodic auction reset bonds and pay termination fees on swap agreements for the series H bonds.

MESA UNIFIED SCHOOL DISTRICT NO. 4 (MARICOPA COUNTY, ARIZ.): $50 million school improvement bonds (Aa3/AA-/); negotiated; RBC Capital Markets (lead); series 2008C bonds due 2009 and 2013 through 2017; proceeds for school improvements and bus purchases.

MICHIGAN STRATEGIC FUND/VAN ANDEL RESEARCH INSTITUTE: $220 million series 2008 adjustable-rate demand limited obligation revenue and refunding revenue bonds (/AA+/AA); negotiated; Merrill Lynch; due April 1, 2043; initially bear interest at weekly rate; proceeds to finance land acquisition and construction of medical research and office facility, and refund series 2007 variable-rate demand limited obligation revenue bonds.

NEBRASKA INVESTMENT FINANCE AUTHORITY: $50 million single-family housing revenue bonds; negotiated; Lehman Brothers (lead); Amertias Investment Corp., Citigroup Global Markets and D.A. Davison & Co. (co-managers); 2008C bonds due 20328 and 2039, 2008D bonds due 2038 and 2008E bonds due 2017; proceeds to make a deposit to authority's mortgage loan account and pay for capitalized interest.

• $17.5 million series 2008C bonds

• $25 million series 2008D bonds

• $7.5 million series 2008E bonds

NEW JERSEY TURNPIKE AUTHORITY: $325 million series 2008 subordinated turnpike revenue notes (MIG1); competitive; proceeds replace $175 million in XL-insured series 2003D auction-rate bonds.

NEW MEXICO FINANCE AUTHORITY: $335.2 million adjustable-rate state transportation refunding revenue bonds (Aa1/AA-/); negotiated; Goldman, Sachs & Co. and UBS Investment Bank (lead); bonds bear interest at weekly rate with maximum rate of 12%; series 2008A-1 bonds due 2024, series 2008A-2 bonds due 2024, series 2008B-1 bonds due 2026 and series 2008B-2 bonds due 2026; proceeds refund series 2004C and 2006C bonds.

• $115.2 million series 2008A bonds ($35.2 million 2008A-1; $80 million 2008A-2)

• $220 million series 2008B ($100 million 2008B-1; $120 million 2008B-2)

NORFOLK (VIRGINIA): $130 million general obligation bonds; pricing early June.

NORTH CAROLINA MUNICIPAL POWER AGENCY NUMBER 1; $426.45 million fixed-rate bonds; negotiated; Morgan Stanley (lead); proceeds to finance the agency's share of the costs of capital improvements to the Catawba Nuclear Station and to refund the $76.66 million series 1997 revenue bonds, $49.81 million series 1998A revenue bonds, $149.7 million series 2003C revenue bonds, $31.4 million series 2005A refunding revenue bonds, $1.825 million series 2005B refunding revenue bonds, $61.25 million series 2005C refunding revenue bonds and $2.9 million series 2005D refunding revenue bonds.

• $344.81 million series 2008A electric revenue refunding bonds

• $9.39 million series 2008B electric revenue refunding bonds

• $72.25 million series 2008C revenue bonds

OHIO WATER DEVELOPMENT AUTHORITY: $69.235 million series 2008 drinking water assistance fund leverage refunding revenue bonds (Aaa/AAA/); negotiated; UBS Investment Bank (lead); maturities June 1 and Dec. 1 of each year from 2009 through 2027 and a final maturity June 1, 2028; proceeds for the Drinking Water Assistance Fund and to refund bond anticipation notes.

PALM BEACH COUNTY SCHOOL BOARD: $112.7 million series 2007B certificates of participation; remarketing; Bear, Stearns & Co.; certificates issued in March 2007 to finance the acquisition and construction of facilities.

PIEDMONT TRIAD AIRPORT AUTHORITY (NORTH CAROLINA): $98.115 million variable-rate airport revenue bonds and airport revenue refunding bonds; negotiated; Banc of America Securities LLC (lead); 2008A bonds reset at weekly rate and 2008B bonds bear interest at a long-term rate; 2008A bonds due 2032 and 2008B bonds due 2029; proceeds for capital improvements, runway developments and to repay variable-rate bonds issued in 2004.

INDUSTRIAL DEVELOPMENT BOARD OF MOBILE (ALABAMA): $246.5 million pollution control revenue bonds (A2/A); remarketing; Morgan Keegan & Co. (lead); mature June 1, 2034; pricing mid-March.

• $86.5 million series 2007-A bonds

• $80 million series 2007-B bonds

• $80 million series 2007-C bonds

PIMA COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (ARIZONA)/TUCSON ELECTRIC POWER CO.: $125.074 million series 2008A variable-rate industrial development revenue bonds; negotiated; Morgan Stanley and J.P. Morgan Securities Inc. (lead); BNY Capital Markets and Wachovia Securities (co-managers); due 2029; proceeds to redeem the authority's 1997B and 1997C revenue bonds.

SAN FRANCISCO CITY AND COUNTY AIRPORT COMMISSION: $169.5 million 34A-C senior-lien variable-rate revenue refunding bond, $255 million 34D-E senior-lien fixed-rate revenue refunding bonds, $110 million 34F-G senior-lien variable-rate revenue refunding bonds (A); timing not set.

SILVER CROSS HOSPITAL/ILLINOIS FINANCE AUTHORITY: $120 million bonds

SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY: $140.11 million Natural Gas Project A 2008 taxable revenue bonds for Anaheim, Burbank and Colton; proceeds to refinance each city's share of natural gas project acquisition and development costs through redemption of authority's draw-down revenue bonds issued as a short-term financing for the project;

• $80.36 million Natural Gas Project A 2008 taxable revenue bonds for City of Anaheim

• $43.275 million Natural Gas Project A 2008 taxable revenue bonds for City of Burbank

• $16.475 million Natural Gas Project A 2008 taxable revenue bonds for City of Colton

SOUTH CAROLINA PUBLIC SERVICE AUTHORITY (SANTEE COOPER): $93.155 million revenue obligation bonds; negotiated; Goldman, Sachs & Co. (lead), Citigroup Global Markets; Bear, Stearns & Co.; Merrill Lynch & Co.; and Morgan Stanley (co-managers); proceeds will be used to refund series 1997 A refunding bonds.

THE DOW CHEMICAL CO./BRAZOS HARBOR INDUSTRIAL DEVELOPMENT CORP. (Texas): $75 million series 2008 environmental facilities revenue bonds through Brazos Harbor Industrial Development Corp.; negotiated; Goldman, Sachs & Co.; due May 1, 2038; proceeds to pay equipment acquisition and construction costs at Dow Chemical's industrial sewage and solid waste disposal facilities in Brazoria County, Texas.

UNIVERSITY OF AKRON (OHIO): $130.855 million general receipts refunding bonds; negotiated; Morgan Stanley; due Jan. 1, 2029; proceeds to refund the university's series 2004 general receipts refunding bonds.

• $65.485 million series 2008C1

• $65.37 million series 2008C2

UNIVERSITY OF OKLAHOMA HEALTH SCIENCES CENTER: $75 million in tax-exempt and taxable bonds; proceeds for new cancer research center; pricing expected in April.

UNIVERSITY OF OKLAHOMA HEALTH SCIENCES CENTER: $100 million tax-exempt and taxable bonds; proceeds for new cancer research center; pricing expected in late spring or early summer.

UNO CHARTER SCHOOL NETWORK/ILLINOIS FINANCE AUTHORITY: $80 million bonds.

WASHINGTON HEALTH CARE FACILITIES AUTHORITY/CATHOLIC HEALTH INITIATIVES: $119.7 million series 2008A revenue bonds; negotiated; J.P. Morgan Securities Inc. (lead for 2008A-4 and 2008A-6); UBS Investment Bank (lead for 2008A-5); proceeds will refund series 2007A auction-rate bonds.

• $50 million series 2008A-4 bonds

• $50 million series 2008A-5 bonds

• $19.7 million series 2008A-6 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.