Municipals Calendar: California to price $4.5 billion G.O. bonds

WEEK OF OCTOBER 5

DELAWARE: $343.125 million series 2009C general obligation bonds; negotiated; Morgan Stanley & Co. Inc. (lead); proceeds to fund general capital expenses; pricing week of Oct. 5.

OCTOBER 8

CALIFORNIA: $4.5 billion series 2009 tax-exempt and Build America Bonds general obligation bonds; negotiated; Goldman, Sachs & Co., Siebert Brandford Shank & Co. LLC and Morgan Stanley & Co. Inc.; proceeds for capital expenditures; ROP Oct. 6 and Oct. 7; pricing Oct. 8.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $349.805 million series 2009 state personal income tax revenue bonds; negotiated; Goldman, Sachs & Co. (lead); Citigroup Global Markets Inc., Merrill Lynch & Co. Inc. and M.R. Beal & Co. (co-managers for 2009G bonds); Citi, Merrill Lynch, M.R. Beal, Morgan Keegan & Co. Inc., Rice Financial Products Co., Siebert Brandford Shank & Co. LLC and Wachovia Bank NA (co-managers for 2009H bonds); 2009G bonds due 2010 to 2022; 2009H bonds due 2039; proceeds to fund capital projects and improvements for the City University of New York's community and senior college campuses; pricing Oct. 8.

LOS ANGELES METROPOLITAN TRANSPORTATION AUTHORITY: $320.935 million series 2009A sales tax revenue refunding bonds (Aa3/AAA/); negotiated; Merrill Lynch & Co. Inc. (lead); J.P. Morgan Securities Inc., Prager, Sealy & Co. LLC and Stone & Youngberg (co-managers); bonds due 2010 to 2026; proceeds to refund debt and repay commercial notes; pricing Oct. 8.

NORTH TEXAS TOLLWAY AUTHORITY: $163.715 million series 2009C system first-tier current interest revenue refunding bonds (A2/A-/); negotiated; Siebert Brandford Shank & Co. LLC (lead); Barclays Capital Inc., Citigroup Global Markets Inc., First Southwest Co. and Southwest Securities Inc. (co-managers); proceeds to refund authority's series 2008E-1 and 2008G bonds; pricing Oct. 8.

WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/FROEDTERT & COMMUNITY HEALTH INC. OBLIGATED GROUP: $186.955 million series 2009C revenue bonds; negotiated; Morgan Stanley & Co. Inc. and Ziegler Capital Markets Inc. (lead); proceeds to refund authority's series 2005D bonds and finance, refinance or reimburse costs related to capital projects; pricing Oct. 8.

WEEK OF OCTOBER 12

OCTOBER 14

DELAWARE: $169.95 million series 2009D general obligation Build America Bonds (//AAA); competitive; Public Financial Management Inc. (financial adviser); bonds due 2016 to 2029; proceeds to fund capital expenditures throughout the state; pricing Oct. 14.

OCTOBER

COMMUNITY HOSPITALS OF CENTRAL CALIFORNIA OBLIGATED GROUP: $200 million certificates of participation (Baa2/BBB-/); negotiated; Citigroup Global Markets Inc. (lead); proceeds to finance or reimburse obligated group for construction, expansion, improvement and equipment of hospital facilities; pricing in October.

ON THE HORIZON

ATLANTA: $433.435 million series 2009B water and wastewater revenue bonds (Aa2/AAA/AA+); negotiated; Goldman, Sachs & Co., SunTrust Robinson Humphrey Inc. and Terminus Securities (lead); Jackson Securities Inc., Morgan Keegan & Co. Inc., Raymond James & Associates Inc., Siebert Brandford Shank & Co. LLC and Wells Fargo Securities Inc. (co-managers); bonds due 2010 to 2024 with term bonds due 2029, 2034 and 2039; proceeds to refund city's series 2001B and 2001C bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $50 million series 2009 state personal income tax qualified school construction revenue bonds; negotiated; Goldman, Sachs & Co. (lead); bonds due Sept. 15, 2025; proceeds to fund grants to local school districts throughout state for costs associated with the Expanding our Children's Education and Learning (Excel) program.

LAKELAND, FLA.: $100 million series 2009 variable-rate energy system refunding bonds (A1/A+/A+); negotiated; Goldman, Sachs & Co. (lead); bonds due 2012 to 2014; proceeds to refund city's series 2008A and 2008B variable-rate refunding revenue bonds.

MISSISSIPPI: $622.82 million series 2009 general obligation and G.O. refunding bonds; negotiated; Morgan Keegan & Co. Inc., Morgan Stanley & Co. Inc. and Merrill Lynch & Co. Inc. (lead), Duncan-Williams Inc., Loop Capital Markets LLC, Rice Financial Products Co. and Siebert Brandford Shank & Co. LLC (co-managers); 2009D bonds due 2010 to 2021 with term bonds due 2029; 2009E bonds due 2032; 2009F bonds due 2020 to 2023; 2009G bonds due 2034; proceeds to refinance state's series 2008 bonds, fund highway improvements throughout the state, fund grand programs for local governments to expand businesses and refund existing variable-rate bonds.

• $340.375 million series 2009D taxable G.O. bonds

• $120 million series 2009E taxable G.O. bonds

• $64.145 million series 2009F tax-exempt G.O. bonds

• $98.3 million series 2009G G.O. Build America Bonds

MOBILE DOWNTOWN REDEVELOPMENT AUTHORITY/AUSTRAL USA LLC (ALABAMA): $60 million series 2009 variable-rate revenue bonds; negotiated; Merrill Lynch & Co. Inc. and Thornton Farish Inc. (lead); bonds due Sept. 1, 2039; proceeds to fund manufacturing facilities of Austral USA LLC to expand ship building capabilities.

MONTGOMERY COUNTY HIGHER EDUCATION AND HEALTH AUTHORITY/ABINGTON MEMORIAL HOSPITAL OBLIGATED GROUP (PENNSYLVANIA): $148.19 million series 2009 hospital revenue bonds (/A/A); negotiated; Goldman, Sachs & Co. and Wells Fargo Securities Inc. (lead); bonds due 2011 to 2019 with term bonds due 2024, 2029 and 2033; proceeds to fund improvements to Abington Memorial's hospital facilities.

NORTH CAROLINA MEDICAL COMMISSION/DUKE UNIVERSITY HEALTH SYSTEM: $180 million series 2009A health care facilities revenue bonds (Aa2/AA/AA); negotiated; Citigroup Global Markets Inc. (lead), J.P. Morgan Securities Inc., Merrill Lynch & Co. Inc., SunTrust Robinson Humphrey and Wells Fargo Securities Inc.; bonds due 2030, 2034, 2039 and 2042; proceeds to construct, acquire, equip, expand and renovate health care facilities operated by the health system.

OHIO HOUSING FINANCE AGENCY: $75 million series 2009 residential mortgage revenue bonds; negotiated; Barclays Capital Inc. (lead); Citigroup Global Markets Inc., George K. Baum & Co., Goldman, Sachs & Co., Blaylock Robert Van LLC, Edward D. Jones, Fifth Third Securities Inc., J.P. Morgan Securities Inc., NatCity Investment Inc. and Merrill Lynch & Co. Inc.; 2009E bonds due 2013 to 2019 with term bond due 2039; 2009F bonds due 2010 to 2013 with term bonds due 2024, 2029, 2034 and 2040; proceeds to fund mortgage loans.

• $28.345 million series 2009E non-AMT bonds

• $46.655 million series 2009F non-AMT bonds

TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP./TARRANT COUNTY SENIOR LIVING FACILITY INC.: $164.885 million series 2009 retirement facility revenue bonds; negotiated; Ziegler Capital Inc. (lead); proceeds to construct a senior living complex with 181 apartments.

• $98.085 million series 2009A fixed-rate bonds

• $10 million series 2009B accelerated redemption reset option securities

• $31.2 million series 2009C-1 tax-exempt mandatory paydown securities

• $25.6 million series 2009C-2 tax-exempt mandatory paydown securities

UNIVERSITY SYSTEM OF NEW HAMPSHIRE/NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY: $110 million series 2009A revenue bonds (A1/A+/); negotiated; Barclays Capital Inc. (lead); J.P. Morgan Securities Inc. and Morgan Stanley & Co. Inc. (co-managers); proceeds to finance university improvements and refinance the series 2006A and 2006B1 revenue 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.