Municipals Calendar: University of North Carolina to sell $224 million in revenue bonds

WEEK OF NOVEMBER 16

HEALTH CARE AUTHORITY OF CULLMAN COUNTY (ALABAMA)/CULLMAN REGIONAL MEDICAL CENTER: $74.795 million series 2009A bonds (Baa3//BBB-); negotiated; The Frazier Lanier Co. Inc. and Merrill Lynch & Co. (lead); proceeds to finance or refinance obligations issued by the hospital, as well as finance the acquisition, improvement and equipment of hospital facilities; pricing week of Nov. 16.

NOVEMBER 17

MASSACHUSETTS DEVELOPMENT FINANCE AGENCY/BOSTON UNIVERSITY: $117.4 million series V revenue bonds (A2/A/); negotiated; J.P. Morgan Securities Inc. (lead); Morgan Stanley & Co. Inc., Barclays Capital Inc. and Wells Fargo Securities Inc. (co-managers); proceeds to refund existing debt issued by Boston University; pricing Nov. 17.

• $44 million series V-1

• $63.2 million series V-2

• $10.2 million series V-3

UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL: $224 million series 2009 general revenue bonds (Aa1/AA+/AA+); negotiated; Merrill Lynch & Co. (lead); Barclays Capital Inc., Wells Fargo Securities Inc., J.P. Morgan Securities Inc. and Morgan Keegan & Co. Inc. (co-managers); 2009A bonds due 2010 to 2029; 2009B bonds due 2039; proceeds to repay a portion of the university's outstanding commercial paper; pricing Nov. 17.

• $109 million series 2009A revenue bonds

• $115 million series 2009B Build America Bonds

VIRGINIA HOUSING DEVELOPMENT AUTHORITY: $131.49 million series 2009A non-AMT mortgage bonds (Aaa/AAA/); negotiated; Barclays Capital Inc. (lead); 2009A-1 bonds due 2011 to 2019 with term bonds due 2024, 2029 and 2036; 2009A-2 bonds due 2019, 2024, 2029 and 2035; proceeds to fund mortgage loans; pricing Nov. 17.

• $84.25 million series 2009A-1 bonds

• $47.24 million series 2009A-2 bonds

NOVEMBER 18

CHILDREN'S HEALTHCARE OF ATLANTA: $302.195 million series 2009 revenue bonds (Aa2/AA/); negotiated; J.P. Morgan Securities Inc. and SunTrust Robinson Humphrey (lead); Wells Fargo Securities Inc., Citigroup Global Markets Inc. and Merrill Lynch & Co. (co-managers); DeKalb certificates due 2010 to 2019 with term bonds due 2024, 2029, 2034 and 2039; Fulton bonds due 2010 to 2019 with term bonds due 2024, 2029, 2034 and 2039; proceeds to refund bonds issued for the health care system by each authority; pricing Nov. 18.

• $251.985 million series 2009 revenue anticipation certificates through DeKalb Private Hospital Authority

• $50.21 million series 2009 revenue bonds through Development Authority of Fulton County

NOVEMBER 19

ANCHORAGE, ALASKA: $130 million series 2009 senior lien electric revenue bonds (/A+/A+); negotiated; J.P. Morgan Securities Inc. (lead); Citigroup Global Markets Inc., Goldman, Sachs & Co., Merrill Lynch & Co., Morgan Stanley & Co. Inc., Seattle-Northwest Securities Corp. and Siebert Brandford Shank & Co. LLC (co-managers); 2009A bonds due 2019 to 2024 and 2009B bonds due 2024 to 2026 with term bonds due 2029 and 2039; proceeds to fund electric infrastructure projects; pricing Nov. 19.

• $15.405 million series 2009A tax-exempt bonds

• $114.595 million series 2009B Build America Bonds

ON THE HORIZON

BREVARD COUNTY (FLORIDA): $58.815 million series 2009 industrial development revenue bonds (/BBB-/); negotiated; Merrill Lynch & Co. (lead); bonds due 2012 to 2014 with term bonds due 2019, 2029 and 2039; proceeds to acquire, furnish, construct and equip the university's student housing complex and main campus.

CALIFORNIA DEPARTMENT OF WATER RESOURCES: $168 million series AG Central Valley Project water system revenue bonds (Aa2/AAA/); negotiated; Stone & Youngberg (lead); Alamo Capital, BMO Capital Markets GKST Inc., Cabrera Capital Markets LLC, Citigroup Global Markets Inc., De La Rosa & Co. Inc., Grigsby & Associates Inc., Jackson Securities Inc., Merrill Lynch & Co. and RBC Capital Markets Inc. (co-managers); proceeds to refund department's series 1995 and 1997 bonds,

CONNECTICUT: $600 million series 2009A general obligation economic recovery notes; negotiated; Citigroup Global Markets Inc. (lead); Jackson Securities Inc.; J.P. Morgan Securities Inc.; Morgan Stanley & Co. Inc.; Barclays Capital Inc.; Corby Capital Markets Inc.; Goldman, Sachs & Co.; Loop Capital Markets LLC; Merrill Lynch & Co.; Morgan Keegan & Co. Inc.; Prager, Sealy & Co. LLC; Ramirez & Co. Inc.; Raymond James & Associates Inc.; RBC Capital Markets Inc.; William Blair & Co. (co-managers); bonds due 2012 to 2016; proceeds to fund state's deficit for the fiscal year ended June 30, 2009.

DEVELOPMENT AUTHORITY OF FULTON COUNTY (GEORGIA): $170.58 million series 2009A revenue bonds (Aa3/AA/); negotiated; SunTrust Robinson Humphrey and Merrill Lynch & Co. (lead); bonds due 2024, 2029, 2033 and 2037; proceeds to refund existing debt.

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

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.

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

IOWA STUDENT LOAN LIQUIDITY CORP.: $231.86 million series 2009 student loan revenue bonds (A1/A/); negotiated; Merrill Lynch & Co. (lead); Morgan Stanley & Co. Inc. (co-manager); 2009-1 bonds due 2010 to 2018 with term bonds due 2022, 2027 and 2031; 2009-2 bonds due 2025; 2009-3 bonds due 2018, 2019 and 2024; proceeds to fund student loans.

KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY/ST. ELIZABETH MEDICAL CENTER: $101.85 million series 2009A hospital facilities revenue refunding improvement bonds (/AA-/AA-); negotiated; J.P. Morgan Securities Inc. and Fifth Third Securities Inc. (lead); bonds due 2010 to 2019 with term bonds due 2024, 2029, 2034 and 2039; proceeds to refund medical center's series 2003A and 2003B bonds, as well as fund capital improvements to the medical center.

LONG BEACH (CALIFORNIA): $60.265 million series 2009 senior airport revenue bonds (A2/A-/); negotiated; J.P. Morgan Securities Inc. and De La Rosa & Co. (lead); 2009A bonds due 2012 to 2022; 2009B bonds due 2010 to 2016; 2009C bonds due 2024, 2029 and 2039; proceeds to refund city's series 1993 debt and construct a parking structure at the city's airport.

MAINE HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY: $91.5 million series 2009A revenue bonds (Aa3//AA); negotiated; Morgan Stanley & Co. Inc. and Wachovia Bank, N.A.; Barclays Capital Inc., Cain Brothers and Merrill Lynch & Co. (co-managers); proceeds to construct, acquire, renovate, improve and equip health care and educational facilities throughout the state.

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

MIAMI: $65 million series 2009 special obligation bonds (A3/A-/A-); negotiated; Merrill Lynch & Co. and RBC Capital Markets Inc. (lead); Goldman, Sachs & Co., Morgan Keegan & Co. Inc. and Raymond James & Associates Inc.; proceeds will be used to fund street and sidewalk improvements throughout the city.

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

NEW MEXICO MUNICIPAL ENERGY ACQUISITION AUTHORITY: $781.23 million series 2009 gas supply variable-rate revenue bonds (Aaa/VMIG 1); negotiated; RBC Capital Markets Inc. (lead); bonds due Nov. 1, 2039; proceeds to finance a 30-year supply of natural gas to the City of Farmington, N.M.

NORTH CAROLINA MEDICAL COMMISSION/FIRSTHEALTH OF THE CAROLINAS: $54.675 million series 2009C health care facilities revenue refunding bonds (Aa3/AA-/AA); negotiated; Citigroup Global Markets Inc. (lead); BB&T Capital Markets Inc., Edward Jones and Wells Fargo Securities Inc. (co-managers); bonds due 2012 to 2019 with term bonds due 2024 and 2030; proceeds to refund FirstHealth's series 2002, 2008A-B and 2009B bonds.

PALOMAR POMERADO HEALTH (CALIFORNIA): $224 million certificates of participation (Baa2//BBB); negotiated; Citigroup Global Markets Inc. (lead); proceeds to finance construction, equipment and acquisition of PPH hospital facilities.

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.

TEXAS: $119.215 million series 2009 general obligation bonds (Aa1/AA+/AA+); negotiated; Morgan Keegan & Co. Inc. (lead); Citigroup Global Markets Inc., Fidelity Capital Markets Inc., Loop Capital Markets Inc., Southwest Securities Inc. and Ramirez & Co. Inc. (co-managers); 2009E bonds due 2010 to 2029 with a term bond; 2009F bonds due 2010 to 2026 with a term bond; proceeds to fund water infrastructure improvements to local governments.

WASHINGTON TOWNSHIP HEALTH CARE DISTRICT (CALIFORNIA): $55 million series 2009A revenue bonds (A3); negotiated; Merrill Lynch & Co. (lead); proceeds to construct, renovate, improve and acquire health facilities operated by the district.

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