Municipals Calendar: Bay Area Toll Authority to price $1.3 billion

WEEK OF OCTOBER 26

OCTOBER 28

BAY AREA TOLL AUTHORITY (CALIFORNIA): $1.3 billion series 2009 Build America Bonds (Aa2/AA/AA); negotiated; Citigroup Global Markets Inc. (lead); bonds due 2049; proceeds to fund transportation improvements.

CATHOLIC HEALTH CARE WEST: $753.365 million series 2009 health facility revenue bonds; negotiated; Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. (lead); proceeds to fund existing debt and finance or refinance capital projects at Catholic Health facilities; pricing Oct. 28.

• $183.99 million series 2009D revenue bonds through Arizona Health Facilities Authority

• $36.315 million series 2009E variable-rate revenue bonds through Arizona Health Facilities Authority

• $427.87 million series 2009E revenue bonds through Colorado Health Facilities Financing Authority

• $105.19 million series 2009F and 2009G variable-rate revenue bonds through Colorado Health Facilities Financing Authority

CONNECTICUT: $550 million series 2009 transportation infrastructure purposes special tax obligation bonds; negotiated; Siebert Brandford Shank & Co. LLC (lead); Citigroup Global Markets Inc., Goldman, Sachs & Co., Merrill Lynch & Co., Barclays Capital Markets Inc., Estrada Hinojosa & Co., Jackson Securities Inc., J.P. Morgan Securities Inc., Loop Capital Markets LLC, Morgan Stanley & Co., M.R. Beal & Co., Ramirez & Co. Inc., Raymond James & Associates Inc., Rice Financial Products Co., Roosevelt & Cross Inc. and Wachovia Bank NA; 2009A bonds due 2010 to 2019; 2009B bonds due 2020 to 2029; 2009C bonds due 2010 to 2014; proceeds to fund transportation infrastructure projects and refund existing debt; pricing Oct. 28.

• $250 million series 2009A

• $250 million series 2009B (taxable)

• $50 million series 2009C

KENTUCKY STATE PROPERTY AND BUILDINGS COMMISSION: $393.235 million project No. 96 revenue bonds; negotiated; Morgan Stanley & Co. Inc. (lead); Citigroup Global Markets Inc., J.J.B. Hilliard, W.L. Lyons LLC, Morgan Keegan & Co. Inc., PNC Capital Markets LLC, Edward D. Jones & Co. LP, First Kentucky Securities Corp., Stifel Nicolaus & Co. Inc., Ross, Sinclaire & Associates LLC, Sterne, Agee & Leach Inc. and Merrill Lynch & Co.; proceeds to construct and equip projects for the commission.

MINNEAPOLIS-ST. PAUL METROPOLITAN AIRPORTS COMMISSION: $156.415 million series 2009 senior airport revenue refunding bonds (/AA-/AA-); negotiated; RBC Capital Markets Inc. (lead); Citigroup Global Markets Inc., Goldman, Sachs & Co. and Piper Jaffray & Co. (co-managers); proceeds to refund the commission's series 2000B and 1999B; pricing Oct. 28.

NEW YORK WATER FINANCE AUTHORITY: $500 million series 2010 water and sewer system second general resolution Build America Bonds; negotiated; Barclays Capital Inc. (lead); proceeds to fund capital improvements to city's water and sewer system; pricing Oct. 28.

OCTOBER 29

CALIFORNIA: $3 billion series 2009 economic recovery refunding bonds (//A); negotiated; Barclays Capital Inc. (lead); proceeds to refund existing economic recovery bonds; pricing Oct. 29.

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

CATHOLIC HEALTH INITIATIVES: $321.525 million series 2009 revenue bonds (Aa2/AA/AA); negotiated; Morgan Stanley & Co. Inc. and J.P. Morgan Securities Inc. (lead); proceeds to fund construction improvement and equipment of Catholic Health facilities in Colorado, Iowa, Kentucky, Nebraska, New Jersey and Ohio.

• $160 million series 2009B revenue bonds through Colorado Health Facilities Financing Authority

• $60 million series 2009B revenue bonds through Kentucky Economic Development Finance Authority

• $101.525 million series 2009B revenue bonds through County of Montgomery, Ohio

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/HOSPITAL FOR SPECIAL SURGERY: $85 million series 2009 FHA-insured mortgage hospital revenue bonds (Aa2/AAA/); negotiated; Merrill Lynch & Co. (lead); Cabrera Capital Markets LLC, Goldman, Sachs & Co. and J.P. Morgan Securities Inc. (co-managers); proceeds to expand and renovate hospital's East Wing, fund a parking garage and a new mechanical rooftop.

GEORGIA: $700 million series 2009 general obligation bonds; negotiated; Goldman, Sachs & Co. (lead); Citigroup Global Markets Inc.; Merrill Lynch & Co.; Morgan Keegan & Co. Inc.; Barclays Capital Inc.; Jackson Securities Inc.; Jefferies & Co. Inc.; J.P. Morgan Securities Inc.; Morgan Stanley & Co. Inc.; Stern, Agee & Leach Inc.; and Wells Fargo Securities Inc. (co-managers); 2009F bonds due 2010 to 2014; 2009G bonds due 2010 to 2029; 2009H bonds due 2010 to 2029; 2009I bonds due 2010 to 2023; proceeds to retire existing debt and fund capital projects.

• $85.48 million series 2009F bonds

• $114.52 million series 2009G bonds

• $400 million series 2009H Build America Bonds

• $100 million series 2009I G.O. refunding bonds

HAWAII: $655.47 million series 2009 general obligation bonds; negotiated; Merrill Lynch & Co. Inc. (lead); Citigroup Global Markets Inc., Piper Jaffray & Co. and Robert W. Baird & Co. (co-managers for DT, DU, DV and DW bonds); proceeds to refund state's series 2002 through 2007 bonds and construct schools throughout the state.

• $32 million series 2009DS tax credit taxable G.O. qualified school construction bonds

• $594.55 million series 2009DT G.O. refunding bonds

• $2.15 million series 2009DU G.O. refunding bonds

• $8.76 million series 2009DV G.O. refunding bonds

• $18.01 million series 2009DW G.O. refunding bonds

HEALTH AND EDUCATIONAL FACILITIES AUTHORITY OF THE STATE OF MISSOURI/THE CHILDREN'S MERCY HOSPITAL: $180.685 million series 2009 health facilities revenue bonds (/A+/); negotiated; Piper Jaffray & Co. (lead); Loop Capital Markets LLC and UMB Bank, NA (co-managers); bonds due 2011 to 2024 with term bonds due 2029 and 2039; proceeds to construct and equip certain facilities operated by the hospital.

INDIANA FINANCE AUTHORITY: $175.715 million series 2009A state revolving fund program bonds (Aaa/AAA/AAA); negotiated; Citigroup Global Markets Inc. and Merrill Lynch & Co. (lead); Andes Capital Group LLC, City Securities Corp., KeyBanc Capital Markets Inc., Loop Capital Markets LLC and Raymond James & Associates Inc. (co-managers); proceeds to provide loans for eligible projects and refund existing debt.

INDIANA FINANCE AUTHORITY/TRINITY HEALTH CREDIT GROUP: $232.96 million series 2009A revenue and refunding bonds (Aa2/AA/AA); negotiated; Goldman, Sachs & Co. and Merrill Lynch & Co. (lead); proceeds to fund Trinity Health projects, redeem a portion of the group's commercial paper notes and refund existing debt.

INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF KIRKWOOD (MISSOURI): $172.795 million series 2009 retirement community revenue bonds; negotiated; Ziegler Capital Markets Inc. (lead); proceeds to construct Aberdeen Heights Commons retirement community.

• $98.345 million series 2009A revenue bonds

• $8.075 million series 2009B accelerated redemption reset option securities

• $32.225 million series 2009C-1 tax-exempt mandatory paydown securities

• $33.8 million series 2009C-2 tax-exempt mandatory paydown securities

LUFKIN HEALTH FACILITIES DEVELOPMENT CORP./MEMORIAL HEALTH SYSTEM OF EAST TEXAS: $71.955 million series 2009 revenue refunding and improvement bonds (Baa2/BBB+/); negotiated; Morgan Keegan & Co. Inc. (lead); proceeds to reimburse or finance the construct, acquisition, improvement and rehabilitation of Memorial Health facilities and equipment.

MASSACHUSETTS DEVELOPMENT FINANCE AGENCY: $115.145 million series 2009 senior living facility revenue bonds; negotiated; Ziegler Capital Markets Inc. (lead); proceeds to fund demolition of three homes and a dormitory in Lincoln, Mass., as well as the construction and equipment of a new assisted living facility called The Groves at Lincoln on the site.

• $40.29 million series 2009A bonds

• $5 million series 2009B accelerated redemption reset option securities

• $29.39 million series 2009C-1 tax-exempt paydown securities

• $40.465 million series 2009C-2 tax-exempt mandatory paydown securities

MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/SUFFOLK UNIVERSITY: $309.455 million series 2009 revenue refunding bonds (Baa2/BBB/); negotiated; Morgan Stanley & Co. Inc. and George K. Baum & Co. (lead); proceeds to refund existing debt issued by Suffolk University.

• $287.83 million series 2009A

• $21.625 million series 2009B federally taxable bonds

MINNEAPOLIS AND HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF ST. PAUL/ALLINA HEALTH SYSTEMS: $229.775 million series 2009A health care system revenue bonds (A1/A+/A+); negotiated; Goldman, Sachs & Co. (lead); J.P. Morgan Securities Inc., Wells Fargo Securities Inc. and Piper Jaffray & Co. (co-managers); proceeds to construct, equip, acquire and renovate facilities operated by Allina Health, as well as to refund existing debt.

• $114.08 million series 2009A-1 bonds

• $115.695 million series 2009A-2 bonds

MINNESOTA HOUSING FINANCE AGENCY: $175.695 million series 2009 residential housing finance bonds; negotiated; RBC Capital Markets Inc. and Piper Jaffray & Co. (lead); 2009D bonds due 2011 to 2020 with a term bond; 2009E bonds due Jan. 1, 2013 and July 1, 2013 with term bonds due 2024, 2029, 2034 and 2040; 2009F bonds due 2031; proceeds to fund residential mortgage loans.

• $25.58 million series 2009D non-AMT bonds

• $103.96 million series 2009E non-AMT bonds

• $46.155 million series 2009F AMT variable-rate demand term bonds

RALEIGH, N.C.: $70.005 million series 2009A combined enterprise system revenue refunding bonds (Aa1/AAA/AAA); negotiated; Davenport & Co. LLC (lead); Citigroup Global Markets Inc. and Loop Capital Markets LLC (co-managers); bonds due 2010 to 2023; proceeds to refund existing debt.

SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY: $139.9 million series 2009A Linden Wind Energy Project revenue notes (MIG 1/SP-1+/); negotiated; Morgan Stanley & Co. Inc. (lead); notes due Oct. 1, 2010; proceeds to provide interim financing for the acquisition of the Linden Wind Energy Project in Goldendale, Wash.

TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP./MIRADOR RETIREMENT COMMUNITY (TEXAS): $79.325 million series 2009 retirement facility revenue bonds; negotiated; Ziegler Capital Markets Inc. (lead); proceeds to construct senior living facilities in Corpus Christi, Texas.

• $62.225 million series 2009A fixed-rate bonds

• $9.6 million series 2009B1 tax-exempt mandatory paydown securities

• $7.5 million series 2009B-2 tax-exempt mandatory paydown securities

WASHINGTON HEALTH CARE FACILITIES AUTHORITY/FRED HUTCHINSON CANCER RESEARCH CENTER: $115.39 million series 2009A revenue bonds (A2/A/); negotiated; Barclays Capital Inc. (lead); J.P. Morgan Securities Inc. and Merrill Lynch & Co. (co-managers); bonds due 2010 to 2033 with a term bonds; proceeds to refund cancer center's series 2001B and 2002 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.