Municipals Calendar: Madison School District to price $64 million

WEEK OF SEPTEMBER 15

COTTAGE HEALTH SYSTEM/CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY: $100 million series 2008A and 2008B variable-rate revenue bonds (/A+/AA-); negotiated; Morgan Stanley (lead); bonds due Nov. 1, 2036; proceeds for the demolition of existing space at the Santa Barbara College Hospital and construction of new medical facilities; pricing week of Sept. 15.

GENERAL AUTHORITY OF SOUTHCENTRAL PENNSYLVANIA/WELLSPAN HEALTH: $265.555 million series 2008A revenue bonds (//AA-); negotiated; Citigroup Global Markets (lead); proceeds to refund series 2002, 2005A, 2005B, 2005C, 2005D, 2007A and 2007B bonds; pricing week of Sept. 15.

SEPTEMBER 15

MADISON METROPOLITAN SCHOOL DISTRICT (WISCONSIN): $64 million tax and revenue anticipation promissory notes; competitive; Hutchinson Shockey Erley & Co. (financial adviser); notes due Sept. 4, 2009; proceeds for operation of school district throughout 2008-2009 school year; pricing Sept. 15.

SEPTEMBER 16

IDAHO HEALTH FACILITIES AUTHORITY/ST. LUKE'S HEALTH SYSTEM: $275 million series 2008A revenue bonds (/A/); negotiated; Merrill Lynch & Co.; serial maturities from 2009 through 2024 and terms due 2028, 2033, 2038 and 2043; proceeds to finance, refinance or reimburse St. Luke's for acquisition, construction, renovation and improvement costs for health care facilities; pricing Sept. 16.

JACKSONVILLE (FLORIDA): $51.845 million series 2008 special revenue bonds (Aa3/AA-/AA-); competitive; Public Financial Management (financial advisor); serial maturities from 2009 through 2033; proceeds to finance equipment and capital improvements for parks, the drainage system and city buildings; pricing Sept. 16.

STATE OF OHIO: $296.74 million series 2008 general obligation refunding bonds (Aa1/AA+/AA+); negotiated; Citigroup Global Markets and Wachovia Bank (lead); Butler Wick & Co., Edward Jones, Fifth Third Securities, The Huntington Investment Co., KeyBanc Capital Markets, Merrill Lynch, Rice Financial Products and Ross Sinclaire & Associates (co-managers); 2008A bonds due 2009 to 2028 and 2008B bonds due 2009 to 2014; proceeds for capital improvements; pricing Sept. 16.

• $240 million series 2008A

• $56.74 million series 2008B

SEPTEMBER 17

CONNECTICUT: $479.105 million series 2008-1 second-lien special tax obligation refunding bonds (A1/AA/AA-); negotiated; Goldman, Sachs & Co. and Banc of America (lead); Citigroup Global Markets, Lehman Brothers, Siebert Brandford Shank & Co., Belle Haven Investments, Cabrera Capital Markets, Estrada Hinojosa, Loop Capital Markets, Rice Financial Products, Roosevelt & Cross, Sterne, Agee & Leach (co-managers); bonds due 2012 to 2022; proceeds for construction, reconstruction, removal, acquisition, repair and rehabilitation of rights of way and easements on state highways and bridges; pricing Sept. 17.

KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY/ASHLAND HOSPITAL/KING'S DAUGHTERS MEDICAL CENTER: $55 million series 2008C revenue bonds (A1//A+); negotiated; RBC Capital Markets; proceeds to refund the series 1993B, 2001 and 2003B auction-rate bonds; pricing Sept. 17.

NORTH CAROLINA STATE EDUCATION ASSISTANCE AUTHORITY: $1.337 billion series 2008-2 tax-exempt student loan revenue and refunding bonds; negotiated; RBC Capital Markets (lead); proceeds to finance student loans, refund outstanding bonds and make deposits to the debt service fund, department reserve fund, operating fund and the capitalized interest fund; pricing Sept. 17.

• $309.9 million tranche A1 bonds due 2036

• $220.7 million tranche A2 bonds due 2035

• $275.945 million tranche A3 bonds due 2034

• $200 million tranche A4 bonds due 2035

• $30 million tranche A5 bonds due 2027

• $60 million tranche A6 bonds due 2031

• $51.805 million tranche A7 bonds due 2034

• $50.9 million tranche A8 bonds due 2035

• $32.695 million tranche A9 bonds due 2038

• $105 million tranche A10 bonds due 2034

SEPTEMBER 18

ARIZONA HEALTH FACILITIES AUTHORITY/BANNER HEALTH: $397.085 million series 2008 revenue bonds (//AA+/F1+); negotiated; Merrill Lynch (lead for series 2008E and 2008H) and Morgan Stanley (lead for series 2008F and 2008G); bonds initially bear interest at weekly rate; proceeds to refund and redeem series 2005A revenue bonds; pricing Sept. 18.

• $124.195 million series 2008E

• $101.89 million series 2008F

• $96 million series 2008G

• $75 million series 2008H

KANSAS DEVELOPMENT FINANCE AUTHORITY: $63.215 million series 2008L revenue bonds (Aa2/AA/); competitive; Columbia Capital Management (financial adviser); due 2009 to 2028; proceeds to provide the state Department of Administration with funds for the state capitol project, to refund a bond anticipation note, to provide funds to the state Department of Corrections to refund a bond anticipation note and to provide funds for the University of Kansas School of Pharmacy project; pricing Sept. 18.

WEEK OF SEPTEMBER 22

SALEM HOSPITAL/HOSPITAL FACILITY AUTHORITY OF THE CITY OF SALEM (OREGON): $58.685 million series 2008A revenue bonds; negotiated; Merrill Lynch & Co. (lead); proceeds to help repay and refund $160.5 million of debt and to reimburse $16.5 million to the hospital for capital additions made to health care facilities; pricing week of Sept. 22.

SEPTEMBER 23

NEW YORK CITY TRANSITIONAL FINANCE AGENCY: $700 million fixed-rate building aid revenue bonds; negotiated; pricing Sept. 23.

REDMOND 2J SCHOOL DISTRICT (DESHUTES COUNTY, ORE.): $110 million series 2008 general obligation bonds; negotiated; Seattle Northwest Securities Corp.; due 2034; proceeds for capital construction and improvements; pricing Sept. 23.

SEPTEMBER 30

CHEMEKETA COMMUNITY COLLEGE (OREGON): $67 million series 2008 general obligation bonds; negotiated; due 2029; proceeds for capital construction and improvements; pricing Sept. 30.

OCTOBER 1

CALIFORNIA/CALIFORNIA DEPARTMENT OF TRANSPORTATION: $143 million series 2008A federal highway grant anticipation bonds; pricing Oct. 1.

SEPTEMBER

COMMONWEALTH OF VIRGINIA/VIRGINIA PUBLIC BUILDING AUTHORITY: $320 million public facilities revenue bonds (Aa1//); proceeds to finance public building projects, including local and regional jail facilities; pricing in September.

• $260 million series 2008B

• $60 million series 2008C

DEXTER COMMUNITY SCHOOLS (WISCONSIN): $61.67 million series 2008 school building and site and refunding bonds; negotiated; Stifel Nicolaus and Fifth Third Securities (lead); bonds due 2009 to 2028; proceeds for constructing and furnishing school buildings, purchasing land and refunding existing obligations; pricing in September.

HALIFAX HOSPITAL MEDICAL CENTER (DAYTONA BEACH, FLA.): $70 million series 2008 revenue refunding and improvements bonds (//A+); negotiated; Wachovia Securities; due 2046; proceeds to finance construction and renovation costs and refund and redeem a portion of the $34.39 million outstanding from the district's series 2006B2 revenue bonds; pricing in September.

LINCOLN CENTER FOR THE PERFORMING ARTS/TRUST FOR CULTURAL RESOURCES OF THE CITY OF NEW YORK: $100 million series 2008C revenue bonds (A2/A+/); negotiated; Morgan Stanley (lead); due 2018; proceeds to pay and reimburse costs for construction and renovations for the West 65th Street and the Lincoln Center Promenade projects and to pay administrative, legal, accounting, financing and other project expenses; pricing in September.

NEW YORK CITY HEALTH AND HOSPITALS CORP.: $191.76 million series 2008B through 2008E health system bonds (/A+/A); negotiated; Morgan Stanley and Citigroup Global Markets (lead); proceeds to refund series 2002B through 200H auction- and variable-rate demand bonds and provide $100 million in funds for equipment; pricing week of Sept. 1.

ORANGE COUNTY, CALIF.: $100 million series 2008-2009 tax and revenue anticipation notes (MIG 1/SP-1+/F1+); negotiated; De La Rosa & Co. (lead); notes due June 30, 2009; proceeds to fund general cash flow needs through 2008and 2009; pricing in September.

PUERTO RICO MUNICIPAL FINANCING AGENCY: $400 million bonds; pricing in September.

OCTOBER

COMMONWEALTH OF PUERTO RICO: $1 billion tax and revenue anticipation notes, pricing in October.

ON THE HORIZON

ASANTE HEALTH SYSTEM/MEDFORD (OREGON): $102.3 million series 2008 revenue refunding bonds (Aaa/AAA/); negotiated; Merrill Lynch & Co.; due 2038; proceeds to refund and redeem the $100 million outstanding from the series 2005B auction-rate revenue bonds.

CABARRUS COUNTY (NORTH CAROLINA): $56.57 million series 2008C certificates of participation (Aa3/AA/AA-); negotiated; Southwest Securities (lead); serial maturities from 2011 through 2029; proceeds will finance the construction and improvement costs of a 460-bed facility to provide long-term housing for county inmates.

CHICAGO: $190 million second lien wastewater transmission revenue and revenue refunding bonds; negotiated; Cabrera Capital Markets LLC (lead); proceeds to finance improvements and extensions to the wastewater transmission system and to refund the outstanding series 1998A and 1998B revenue bonds.

• $160 million in series 2008A revenue bonds

• $30 million in series 2008B revenue refunding 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

CITY OF ROYAL OAK HOSPITAL FINANCE AUTHORITY/WILLIAM BEAUMONT HOSPITAL (MICHIGAN): $583.72 million the series 2008V fixed-rate and series 2008W term-rate revenue and refunding bonds (A1/A/A+); negotiated; Morgan Stanley (lead); proceeds for construction and renovation costs, to refund outstanding bonds and pay termination payments made under interest rate hedge agreements for the refunded bonds.

COLORADO HEALTH FACILITIES AUTHORITY: $140.245 million series 2008 retirement community revenue bonds; negotiated; Ziegler Capital Markets (lead); bonds due 2018 and 2043; proceeds for construction on Eagle's Trace retirement community and deposit to debt service reserve fund.

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.

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.

HARRIS COUNTY, TEXAS: $77.16 million series 2008A toll road unlimited tax and subordinate-lien revenue refunding bonds; negotiated; Piper Jaffray (lead); Citigroup Global Markets, Depfa First Albany, Loop Capital Markets, Goldman, Sachs & Co., JPMorgan, Siebert Brandford Shank & Co. (co-managers); proceeds to refund outstanding series 2003 toll road unlimited tax and subordinate-lien revenue bonds and purchase one or more bond insurance policies.

HEALTH AND EDUCATIONAL FACILITIES AUTHORITY OF THE STATE OF MISSOURI: $158.9 million series 2008A health facilities revenue bonds (A2//A); negotiated; Merrill Lynch and Oppenheimer & Co. (lead); proceeds to pay or reimburse costs incurred by CoxHealth, refund series 1997 and 2002 bonds, and make deposit to debt service reserve fund.

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.

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

INDIANA BOND BANK/CITY OF CARMEL JUNIOR WATERWORKS: $81,687,342 special program bonds (/AAA/); negotiated; Oppenheimer (lead); J.J.B. Hilliard, W.L. Lyons LLC and Ross, Sinclaire & Associates (co-managers); proceeds to finance and refinance improvements to the waterworks system.

• $61.01 million series 2008B current interest bonds

• $20,677,342 series 2008B capital appreciation bonds

INDIANA FINANCE AUTHORITY/PARKVIEW HEALTH SYSTEM: $191.655 million series 2008A revenue refunding bonds (A1/A+/); negotiated; Citigroup Global Markets; proceeds to refund the outstanding series 2005A and 2005B revenue bonds.

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

IRVINE UNIFIED SCHOOL DISTRICT (CALIFORNA): $81.08 million series 2008 special tax bonds (A3/A/); negotiated; Banc of America Securities and Piper Jaffray (lead); bonds due 2009 to 2020; proceeds to refund outstanding obligations and make deposit to debt service reserve fund.

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.

LA JOYA INDEPENDENT SCHOOL DISTRICT (TEXAS): $94 million series 2008 unlimited tax school building bonds (Aaa/AAA/); negotiated; RBC Capital Markets (lead); JPMorgan, Estrada Hinojosa & Co., First Public, Piper Jaffray, Morgan Keegan and Southwest Securities (co-managers); bonds due 2009 to 2038; proceeds for construction and equipment of school buildings and the purchase of sites for construction.

LOS ANGELES CONVENTION AND EXHIBITION CENTER AUTHORITY: $250 million series 2008A lease revenue refunding bonds (A1/AA-/AA-); negotiated; Merrill Lynch & Co. (lead); proceeds to refund the outstanding series 2003B1, 2003B2, 2003C1, 2003C2, 2003D, 2003E and 2003F lease revenue refunding bonds on Oct. 2.

LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY: $288.3 million series 2008 sales tax revenue refunding bonds (VMIG 1/A-1+/); negotiated; De La Rosa & Co. (lead for 2008A-1 and 2008B), Goldman, Sachs & Co. (lead for 2008A-2) and Morgan Stanley (lead for 2008A-3 and 2008A-4); 2008A bonds due 2031; 2008B bonds due 2009 to 2031; proceeds to refund outstanding series 2005C-1, 2005C-2, 2005C-3 and 2005C-4 bonds.

• $65.7 million series 2008A-1

• $65.8 million series 2008A-2

• $65.75 million series 2008A-3

• $65.825 million series 2008A-4

• $25.225 million series 2008B

MARION COUNTY CONVENTION AND RECREATIONAL FACILITIES AUTHORITY (INDIANA): $155.965 million series 2008 adjustable rate excise taxes lease rental revenue refunding subordinate bonds (Aaa/AAA/); negotiated; RBC Capital Markets (lead); due June 1, 2027; proceeds to refund a portion of the series 1997A revenue subordinate bonds that mature June 1, 2022 and June 1, 2027.

MASSACHUSETTS EDUCATIONAL FINANCING AUTHORITY: $400 million series 2008H education loan revenue bonds; negotiated; Morgan Stanley (lead); term bonds due 2023 and 2032; proceeds to finance loans and to refund the series 2001E, 2002E, 2003E, 2004E, 2005E and 2006E education loan revenue 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.

METHODIST HOSPITAL (TEXAS): $350 million debt securities; negotiated; J.P. Morgan Securities (lead).

MISSION CONSOLIDATED INDEPENDENT SCHOOL DISTRICT (TEXAS): $59 million series 2008 unlimited tax school building bonds (Aaa/AAA/); negotiated; Southwest Securities (lead); RBC Capital Markets, Estrada Hinojosa & Co., Piper Jaffray, First Public and Morgan Keegan (co-managers); bonds due 2009 to 2038; proceeds for construction and equipment of school facilities and acquisition of land.

MOHEGAN TRIBE OF INDIANS OF CONNECTICUT: $51.46 million series 2008 gaming authority priority distribution payment public improvement bonds; negotiated; Citigroup Global Markets (lead); Banc of America Securities, Calyon, Wells Fargo Brokerage Services (co-managers); bonds due Jan. 1, 2038; proceeds for construction of community and government center for tribal government departments and for debt service reserve fund.

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.

NORTH CAROLINA MEDICAL CARE COMMISSION/CAPE FEAR VALLEY HEALTH SYSTEM: $127.455 million revenue bonds (A3/A-/); negotiated; Citigroup Global Markets and BB&T Capital Markets (series 2008B bonds) and Edward Jones (series 2008C bonds); proceeds to refund the health system's outstanding series 2006B revenue bonds and acquire equipment.

• $82.455 million from the series 2008B

• $45 million from the series 2008C

OMAHA PUBLIC POWER DISTRICT (NEBRASKA): $105 million in series 2008A electric system revenue bonds; negotiated; Wachovia Bank, N.A. (lead); proceeds to reimburse costs for capital expenditures.

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.

• $46.12 million series 2008A

• $14.035 million series 2008B

PANHANDLE-PLAINS HGHER EDUCATION AUTHORITY (TEXAS): $200 million series 2008A1 senior series Trust I student loan revenue bonds; negotiated; Banc of America Securities LLC; serial maturities from 2011 through 2023; proceeds to refund outstanding auction-rate bonds and to purchase student loans.

PASCO COUNTY (FLORIDA): $185 million series 2008 water and sewer revenue bonds (Aa3/AA/AA-); negotiated; Morgan Keegan & Co. (lead); Banc of America Securities LLC, Citigroup Global Markets and JPMorgan (co-managers); proceeds to finance county projects.

PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY/ALBERT EINSTEIN HEALTHCARE NETWORK: $88.54 million series 2008A revenue bonds (A3//A-); negotiated; Goldman, Sachs & Co.; serial maturities from 2009 through 2018; proceeds will be used to help refund The Hospitals and Higher Education Facilities Authority of Philadelphia series 1998A revenue bonds.

PHARR-SAN JUAN-ALAMO INDEPENDENT SCHOOL DISTRICT (TEXAS): $105.8 million series 2008 unlimited tax school building bonds; negotiated; Southwest Securities (lead); Estrada Hinojosa & Co. and Samco (co-managers); bonds due 2009 to 2038; proceeds for construction and equipment of school buildings in district.

PORT OF SEATTLE: $379.716 million customer facility charge revenue bonds (A2/A-/); negotiated; Lehman Brothers; proceeds to pay a portion of the development costs for a consolidated rental car facility and a bus maintenance facility and to make a deposit to the RCF Account.

• $19.415 million series 2008A current interest bonds due Dec. 1, 2023

• $286.775 million series 2008B-1 current interest taxable bonds due 2011 to 2021 and a term due 2027

• $73.526 million series 2008B-2 taxable capital appreciation bonds due 2027 to 2040

RICHARD STOCKTON COLLEGE OF NEW JERSEY/NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY: $135.68 million series 2008A revenue bonds; negotiated; Morgan Stanley (lead); serial maturities from 2011 through 2018 and terms due 2028, 2033 and 2038; proceeds to finance construction and equipment for campus facilities and refund all outstanding series 2005C revenue bonds.

ROSS COUNTY/ADENA HEALTH SYSTEM (OHIO): $138.35 million series 2008 revenue refunding bonds (/A/); negotiated; Cain Brothers; serial maturities from 2009 through 2018 and terms due 2028 and 2038; proceeds to fund a termination payment for qualified hedges and refund the series 2001 refunding and improvement bonds and series 2006 revenue refunding and improvement 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.

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.

UNIFIED GOVERNMENT OF ATHENS-CLARKE COUNTY (GEORGIA): $220.02 million series 2008 water and sewerage revenue bonds (Aa3/AA-/AA); negotiated; Citigroup Global Markets (lead); serial maturities from 2009 through 2028 and terms due 2033 and 2038; proceeds to refund the series 1997 revenue bonds and pay for renovations and additions to the water and sewerage system.

VENTURA COUNTY (CALIFORNIA): $155 million series 2008/2009 tax and revenue anticipation notes; negotiated; Merrill Lynch & Co.; due July 1, 2009; proceeds for fiscal year 2008/2009 expenses.

VERNON (CALIFORNIA): $92 million series 2008A electric system revenue bonds (A3/A-/); negotiated; RBC Capital Markets; proceeds to finance capital improvements to the electric system.

© 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.