Municipals Calendar: CareGroup to sell $538.455 million

WEEK OF MAY 19

DOCTORS COMMUNITY HOSPITAL/MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY: $59.17 million series 2008 hospital revenue bonds (Baa2); negotiated; UBS Securities; proceeds finance a planned new private bed, six-story patient tower and other capital expenses; pricing week of May 19.

KENMORE MUNICIPAL HOUSING AUTHORITY: $74.2 million series 2008A student housing revenue bonds (//BBB+); negotiated; RBC Capital Markets; bonds due July 1, 2039; proceeds for renovation and conversion of multifamily housing project into student housing for colleges and universities in Buffalo, N.Y.; pricing week of May 19.

OREGON DEPARTMENT OF ADMINISTRATIVE SERVICES: $60.155 million state lottery revenue bonds; negotiated; Citigroup Global Markets (lead); proceeds to make grants for and pay a portion of the costs of the projects, including the creation through construction and acquisition of 150 units for housing for the homeless; the cost to build digital transmission facilities for Oregon Public Broadcasting; a study and engineering work to widen and deepen the shipping channel at the Port of Coos Bay and deferred building maintenance on seven Oregon University campuses; pricing week of May 19.

• $46.12 million series 2008A

• $14.035 million series 2008B

MAY 21

CAREGROUP/MASSACHUSETTS HEALTH & EDUCATIONAL FACILITIES AUTHORITY: $538.455 million series 2008 revenue and refunding bonds (A3); negotiated; Citigroup Global Markets (lead); proceeds to provide $150 million of new money for capital projects at the system's four hospitals. The proceeds also will be used to refund the $61.7 million series 1992G2; $4 million series 1996H1; $9.2 million series 1996H2; $3.8 million series 1993F; $35 million series 1998B1; $40 million series 1998B2 bonds; $68.575 million series 2004C1; $69.5 million series 2004C2 and $49.05 million series 2004D bonds; pricing May 21.

CASE WESTERN RESERVE UNIVERSITY/OHIO HIGHER EDUCATIONAL FACILITY COMMISSION: $180.32 million series 2008 private university revenue bonds (A1); negotiated; Morgan Stanley; proceeds refund university's series 2004 auction-rate bonds; pricing May 21.

• $60 million series 2008A

• $33.75 million series 2008B-1

• $33.75 million series 2008B-2

• $52.82 million series 2008C

LOUISVILLE & JEFFERSON COUNTY METROPOLITAN SEWER DISTRICT: $105 million series 2008A sewer and drainage system revenue bonds (A2); competitive; First American Municipals (financial adviser); proceeds to fund the district's 2009 capital program, which includes expansion, rehabilitation, water quality and drainage projects; pricing May 21.

SISTERS OF MERCY HEALTH SYSTEM/MISSOURI STATE HEALTH AND EDUCATIONAL FACILITIES AUTHORITY: $109.675 million series 2008A, B and C variable-rate demand obligation refunding revenue bonds (Aa2/VMIG1); negotiated; Bear, Stearns & Co.; proceeds to refund the outstanding $108.9 million series 2004A, B and C auction rate bonds; pricing May 21.

TAMPA BAY WATER: $103.67 million series 2008 utility system revenue bonds (Aa3/AA+/AA); negotiated; Raymond James (lead); proceeds to pay for a portion of project costs, which includes increasing the hydraulic capacity at pump stations, and fund a deposit to the reserve account to equal the requirement; pricing May 21.

WGBH EDUCATIONAL FOUNDATION/MASSACHUSETTS DEVELOPMENT FINANCE AGENCY: $134.75 million revenue bonds; negotiated; RBC Capital Markets (lead); proceeds to pay swap termination fees and refund the foundation's series 2007A, series 2006A, series 2005A and series 2002B variable-rate demand revenue bonds; pricing May 21.

• $107.25 million series 2008A current interest bonds

• $27.5 million series 2008B zero coupon bonds

MAY 22

GWINNETT HOSPITAL SYSTEM/GWINNETT COUNTY HOSPITAL AUTHORITY (GEORGIA): $154.95 million series 2008 Georgia revenue anticipation certificates (Aa2/VMIG1//); negotiated; SunTrust Bank (lead for 2008A and 2008B), Wachovia Securities (lead for 2008C); 2008A bonds due 2034, 2008B due 2042 and 2008C certificates due 2032; proceeds refund 2007E and 2007F certificates; pricing May 22.

ORANGE COUNTY SANITATION DISTRICT (CALIFORNIA): $77.915 million series 2008A refunding certificates of participation; competitive; Public Resources Advisory Group (financial adviser); maturities from Aug. 1, 2008 through Aug. 1, 2013; proceeds to refund the outstanding $77.34 million of the district's series 1992 refunding certificates and pay a settlement amount for an interest rate swap agreement on the certificates; pricing May 22.

RAND CORP./CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK: $93.565 million series 2008B revenue bonds (Aaa/VMIG1); negotiated: Banc of America Securities LLC; pricing May 22.

WEEK OF MAY 26

CITIZENS PROPERTY INSURANCE CORP.: $1.5 billion series 2008A high-risk account senior secured bonds (A2/A+/); negotiated; Goldman, Sachs & Co. (lead); maturities from March 1, 2011 through March 1, 2013; proceeds to provide resources to the high-risk account, pending a need to pay policy claims and other expenses from future storms; pricing week of May 26.

MAY 26

NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY: $500 million water and sewer capital projects fixed-rate bonds; pricing week of May 26.

MAY 27

TEXAS/TEXAS HIGHER EDUCATION COORDINATING BOARD: $148 million general obligation student loan bonds (Aa1); proceeds for student loans and to refund certain maturities of the board's series 1997, 1999, 2000 and 2002 bonds; pricing May 27.

• $73.985 million series 2008A

• $28.04 million series 2008B

MAY 28

GUNDERSEN LUTHERAN/WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY: $89.3 million series 2008A and B variable-rate demand note revenue and refunding bonds (A1); negotiated; Merrill Lynch & Co.; pricing May 28.

KENTUCKY HIGHER EDUCATION STUDENT LOAN CORP.: $300 million series 2008A-1 tax exempt and A-2 taxable bonds variable-rate demand revenue and refunding bonds; negotiated; Bank of America; pricing May 28.

NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY: $250 million series 2008X school facilities construction bonds (A1//A+); negotiated; Merrill Lynch (lead); variable-rate bonds; proceeds for school facilities construction projects; pricing May 28.

RIVERSIDE COUNTY TRANSPORTATION COMMISSION (CALIFORNIA): $127.66 million series 2008 sales tax revenue bonds (Aa2/AA+/AA); negotiated; Lehman Brothers (lead); mature June 1, 2029; proceeds to refinance the commission's outstanding $110.005 million series 2005A and B commercial paper notes and fund capitalized interest on the series 2008 bonds; pricing May 28.

MAY 29

ALASKA INDUSTRIAL DEVELOPMENT AND EXPORT AUTHORITY: $107.385 million series 2008 revolving fund refunding revenue bonds (A1); negotiated; Goldman, Sachs & Co. and Merrill Lynch (lead); proceeds refund authority's series 2007A and 2007B revolving fund bonds; pricing May 29.

• $53.795 million series 2008A bonds

• $53.59 million series 2008B bonds

NASSAU COUNTY INTERIM FINANCE AUTHORITY: $124 million variable-rate refunding bonds; pricing May 29.

MAY 30

NASSAU COUNTY INTERIM FINANCE AUTHORITY (NEW YORK): $605.055 million series 2008A-E sales tax secured variable-rate refunding bonds (Aa2/VMIG1); proceeds to refund $450 million series 2004B-G and $150 million series 2004I-K refunding auction-rate bonds; pricing May 30.

WEEK OF JUNE 2

COMMUNITY DEVELOPMENT ADMINISTRATION/MARYLAND DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT: $60 million series 2008 residential revenue bonds; negotiated; Morgan Stanley (lead); maturities from 2009 through 2017; proceeds to purchase mortgage loans and refund a portion of draw down bonds; pricing week of June 2.

EMPIRE STATE DEVELOPMENT CORP.: $495 million variable-rate refunding bonds; pricing week of June 2.

OREGON DPEARTMENT OF VETERANS AFFAIRS: $50 million series 90A general obligation bonds; negotiated; J.P. Morgan Securities Inc.; proceeds for veterans' home loans; pricing week of June 2.

JUNE 3

DELAWARE COUNTY (OHIO): $50 million bonds; pricing June 3.

• $35 million series 2008A capital facilities bonds (Aa1)

• $15 million series 2008B capital facilities special obligation sales tax bonds (Aa2)

NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY: $200 million series 2008Y school facilities refunding bonds (A1//A+); negotiated; Merrill Lynch (lead); bonds due 2010 to 2033; proceeds to refund existing construction bonds; pricing June 3.

JUNE 4

BOONE HOSPITAL CENTER/BOONE COUNTY (MISSOURI): $100 million series 2008 revenue bonds (A3); negotiated; Stern Brothers; proceeds to finance a portion of the construction of the new patient bed tower and parking structure projects; pricing June 4.

WILLIAM PATERSON UNIVERSITY/NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY: $90 million series 2008C revenue bonds (A2); competitive; Public Financial Management is financial adviser; proceeds to construct addition to university's science building, renovate existing building and refund university's series 1998D bonds; pricing June 4.

JUNE 5

BROWARD COUNTY SCHOOL BOARD (FLORIDA): $275.375 million series 2008A certificates of participation (A1//A+); maturities from 2012 to 2033; proceeds for constructing and expanding schools and facilities; pricing June 5.

POMONA COLLEGE/CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY: $58.815 million series 2008A revenue bonds (Aaa//AAA); negotiated; Wedbush Morgan Securities; proceeds to fund the construction of two new residence halls, a parking structure and a parking deck, purchase from Claremont University Center the Central Facilities Service Building and several renovation projects; pricing June 5.

TEMPE, ARIZ.: $66.365 million series 2008A general obligation bonds (Aa1//AAA); competitive; proceeds to finance water and sewer infrastructure, street and public safety improvements; pricing June 5.

JUNE 9

TEXAS/TEXAS HIGHER EDUCATION COORDINATING BOARD: $45.72 million series 2008C bonds (Aa1); proceeds to refund all outstanding maturities of the series 1994, 1995 and 1996 bonds; pricing June 9.

JUNE 10

NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY: $650 million fixed-rate building aid revenue bonds; pricing June 10.

JUNE 11

METHODIST LE BONHEUR HEALTHCARE/ HEALTH, EDUCATIONAL AND HOUSING FACILITIY OF SHELBY COUNTY, TENN.: $270 million series 2008A and B variable-rate bonds (A2); negotiated; Morgan Keegan and JPMorgan; proceeds to fund $184 million of projects and refinance and convert $70 million of the outstanding series 2004C auction-rate bonds and all of the series 1985C, series 1995 and series 1998 bonds; pricing June 11.

JUNE 12

PALMETTO HEALTH (SOUTH CAROLINA): $97.185 million variable-rate refunding bonds; proceeds to prepay a taxable loan that was used to redeem the series 2005B bonds and to purchase about $50 million of the outstanding series 2007 hospital improvement revenue bonds; pricing June 12.

• $47.915 million series 2008A

• $49.27 million series 2008B

JUNE 16

OREGON STATE BOARD OF HIGHER EDUCATION/UNIVERSITY OF OREGON: $200 million series 2008A general obligation bonds; negotiated; Citigroup Global Markets; proceeds for an arena at the university; pricing June 16.

JUNE 18

AVERA HEALTH/SOUTH DAKOTA HEALTH AND EDUCATIONAL FACILITIES AUTHORITY: $191.355 million variable-rate bonds; negotiated; Dougherty & Co. (lead); proceeds to pay for projects, refund bonds and repay series 2008 bridge loan obligation issued on May 2 to refund the series 2004 bonds; pricing June 18.

JUNE 19

CURATORS OF THE UNIVERSITY OF MISSOURI: $120 million series 2008-2009A capital projects notes; pricing June 19.

WEEK OF JUNE 23

NEW YORK STATE ENVIRONMENTAL FACILITIES CORP.: $150 million fixed-rate pooled bonds; pricing week of June 23.

JUNE 23

OREGON: $750 million series 2008A short-term state tax anticipation notes; negotiated; Bank of America (lead); proceeds for cash flow management; pricing June 23.

JULY 1

AVERA HEALTH/SOUTH DAKOTA HEALTH AND EDUCATIONAL FACILITIES AUTHORITY: $61.38 million series 2008C variable-rate bonds; negotiated; Dougherty & Co. (lead); proceeds to pay for projects, refund bonds and repay series 2008 bridge loan obligation issued on May 2 to refund the series 2004 bonds; pricing July 1.

WEEK OF JULY 2

OREGON: $100 million certificates of participation; pricing week of July 2.

MAY

ANGLETON INDEPENDENT SCHOOL DISTRICT (TEXAS): $55 million unlimited tax school building bonds; negotiated; SWS Securities (lead).

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/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.

KATY INDEPENDENT SCHOOL DISTRICT (TEXAS): $100 million unlimited tax school building bonds; negotiated; Morgan Stanley (lead); proceeds to construct, equip and acquire two new elementary schools and a junior high school.

OHIO WATER DEVELOPMENT AUTHORITY: $69.235 million series 2008 drinking water assistance fund refunding revenue bonds (Aaa/AAA/); negotiated; UBS Securities (lead); Butler, Wick & Co., Ramirez & Co., SBK-Brooks Investment Corp. (co-managers); bonds due 2009 to 2028; proceeds for deposit to Drinking Water Assistance Fund and for refunding authority's bond anticipation notes.

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.

STATE OF MAINE: $102.7 million series 2008 general obligation bonds; negotiated; UBS Investment Bank, Banc of America Securities, Wachovia Securities, Jackson Securities, Fidelity Capital Markets, RBC Capital Markets and KeyBanc Capital Markets (underwriters); bonds due 2009 to 2018; proceeds for capital projects.

• $96.8 million tax-exempt bonds

• $5.9 million taxable bonds

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 UNIVERSITY: $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.

NEW YORK STATE HOUSING FINANCE AGENCY: $178 million variable-rate service contract refunding bonds; pricing in June.

NEW YORK STATE THRUWAY AUTHORITY: $530 million Consolidated Local Street and Highway Improvement Program (CHIPs) variable-rate refunding bonds; pricing in June.

ON THE HORIZON

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)

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

CHICAGO TRANSIT AUTHORITY: $1.79 billion sales and transfer tax receipts revenue bonds (P)Aa3; proceeds will be deposited into the authority's employee retirement plan and used to create a retiree health care trust.

• $1.213.045 billion series 2008A bonds

• $577.63 million series 2008B bonds

CHILDREN'S HOSPITAL AND REGIONAL MEDICAL CENTER/WASHINGTON HEALTH CARE FACILITIES AUTHORITY: $90.765 million series 2008C revenue bonds (Aa3); negotiated; Goldman, Sachs & Co. (lead); proceeds to repay a taxable line of credit.

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.

DELNOR-COMMUNITY HOSPITAL/ILLINOIS HEALTH FACILITIES AUTHORITY: $59 million series 2008 bonds; proceeds to refinance a portion of line of credit that was used to redeem the series 2006 bonds in April and pay or reimburse the hospital for the costs of acquiring and renovating health care facilities; pricing in May or June.

DEPAUL UNIVERSITY/ILLINOIS FINANCE AUTHORITY: $500 million bonds

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.

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 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.

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

GREENWICH HOSPITAL/CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY: $53.93 million series C bonds; negotiated; UBS Investment Bank; proceeds to refund the hospital's series 2006B bonds.

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.

HOAG MEMORIAL HOSPITAL PRESBYTERIAN (CALIFORNIA): $452.08 million series 2008 refunding revenue bonds (Aa3/AA/); negotiated; Citigroup Global Markets (lead); bonds due Dec. 1, 2040; interest rate resets weekly; proceeds refund outstanding series 2005 and 2007 revenue bonds.

• $66.8 million series 2008A

• $65.185 million series 2008B

• $70.095 million series 2008C

• $80 million series 2008D

• $80 million series 2008E

• $90 million series 2008F

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.

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.

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.

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

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.

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 DEVELOPMENT FINANCE AGENCY/BOSTON UNIVERSITY: $535.945 million variable-rate demand revenue bonds; negotiated: Lehman Brothers (lead) Goldman, Sachs & Co. (co-manager); proceeds to finance construction of a new dormitory, acquire property to house medical students, renovate the central heating and cooling plant, construct new buildings for the law school on the Charles River Campus and renovations to the College of Fine Arts building.

• $50 million series U1

• $50 million series U2

• $50 million series U3

• $50 million series U4

• $41.7 million series U5A

• $43.6 million series U5B

• $62.52 million series U6A

• $62.72 million series U6B

• $52.5 million series U6C

• $10.2 million series U6D

• $62.705 million series U6E

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: $107.32 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 ECONOMIC DEVELOPMENT AUTHORITY: $63 million debt securities; negotiated; Siebert Brandford Shank (lead).

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)

NEW MEXICO FINANCE AUTHORITY/STATE TRANSPORTATION COMMISSION: $135.2 million adjustable-rate state transportation refunding revenue bonds (Aa3/AA/); negotiated; JPMorgan; series 2008C bonds are due June 15, 2024 and series 2008D bonds are due Dec. 15, 2026; proceeds to refund the outstanding $84.8 million series 2004C refunding revenue bonds and the $50.4 million series 2006D revenue bonds.

• $84.8 million series 2008C

• $50.4 million series 2008D

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

NORTHEASTERN UNIVERSITY/MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY: $360.13 million revenue bonds; negotiated; Lehman Brothers; proceeds to refund series N, series 2005O and series 2007P auction-rate bonds and pay costs of terminating swaps on series N and series 2005O bonds.

• $93.74 million series 2008R

• $56.385 million series 2008S

• $210 million series 2008T

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.

PENNSYLVANIA HOUSING FINANCE AGENCY: $150 million series 2008-102 single-family mortgage revenue bonds; negotiated; Merrill Lynch (lead); Banc of America Securities LLC, Mellon Financial Securities, Mesirow Financial and PNC Capital Markets (co-manager); 102A bonds due 2009 to 2018 with term bonds due 2023, 2028, 2033 and 2034; 102B bonds due 2011 to 2017; 102C bonds due 2038; proceeds to purchase new home mortgage loans and make deposit to capital reserve fund.

• $94.33 million series 2008-102A

• $16.67 million series 2008-102B

• $39 million series 2008-102C

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.

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.

PROMEDICA HEALTH SYSTEM/LUCAS COUNTY (OHIO): $132 million series 2008 hospital revenue bonds and hospital revenue refunding bonds; negotiated; UBS Investment Bank (lead); series 2008A due Nov. 15, 2034; series 2008B bonds due Nov. 15, 2040; and 2008C bonds due Nov. 15, 2035; proceeds to refinance a portion of bank loan and make capital improvements to hospital facilities.

• $62.5 million series 2008A hospital revenue bonds

• $52.855 million series 2008B hospital revenue bonds

• $16.645 million series 2008C hospital revenue refunding bonds

RENTECH: $175 million tax-exempt GO ZONE bonds; proceeds for a planned synthetic fuels and chemicals facility near Natchez, Miss.; pricing authorization until 2010.

SACRAMENTO MUNICIPAL UTILITY DISTRICT: $503.555 million series 2008U electric revenue refunding bonds (A1/A/A); negotiated; Goldman, Sachs & Co. (lead); maturities from 2014 through 2027; proceeds to finance or refinance improvements and additions to the district's electric system and refund all or a portion of the district's outstanding $406.85 million auction-rate 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.

SCHOOL BOARD OF MIAMI-DADE COUNTY (FLORIDA): $537.575 million series 2008B certificates of participation (Aaa/AAA/); negotiated; Goldman, Sachs & Co. (lead); Citigroup Global Markets, Morgan Stanley, UBS Investment Bank, JPMorgan, M.R. Beal & Co., Ramirez & Co., Siebert Brandford Shank & Co. (co-managers); bonds due 2014 to 2028 with term bond due 2033; proceeds to finance or refinance construction and acquisition costs of capital projects.

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.

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.

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.

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.

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

WASHINGTON, D.C.: $524.695 million multimodal general obligation refunding bonds; negotiated; Banc of America Securities, Morgan Stanley and Wachovia Securities; proceeds to refund $75.7 million series 2002A1 bonds; $73.8 million series 2002A2 bonds; $112.225 million series 2002B1 bonds; $112.075 million series 2002B2 bonds; $50 million series 2004C1 bonds; $48.15 million series 2004C2 bonds and $49.075 million series 2004C3 bonds.

• $60 million series 2008A

• $125.775 million series 2008B

• $224.3 million series 2008C

• $114.62 million series 2008D

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

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.

WYOMING COMMUNITY DEVELOPMENT AUTHORITY: $50 million housing revenue bonds; negotiated; Merrill Lynch & Co. (lead); proceeds to provide funds to purchase loans and to refund retiring bonds.

• $37 million series 2008-1 fixed-rate bonds

• $13 million series 2008-2 variable-rate 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.