Municipals Calendar: Virginia public schools to sell $438.52 million bonds

WEEK OF SEPTEMBER 28

CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY/CEDARS-SINAI MEDICAL CENTER: $535 million series 2009 revenue bonds (A2//A+); negotiated; Merrill Lynch & Co. Inc. and Goldman, Sachs & Co. (lead); bonds due 2010 to 2024 with term bonds due 2029, 2034 and 2039; proceeds to construct, equip and renovate health facilities operated by Cedars-Sinai; pricing week of Sept. 28.

SEPTEMBER 29

HOSPITAL DISTRICT NO. 1 OF TANGIPAHOA PARISH (LOUISIANA)/NORTH OAKS HEALTH SYSTEM: $99 million series 2009A taxable hospital revenue bonds (Aa2/AAA/); negotiated; Morgan Keegan & Co. Inc. (lead); bonds due Feb. 1, 2042; proceeds to construct, equip and acquire a new 231,281 square-foot hospital wing at the North Oaks Medical Center in Hammond, La.; pricing Sept. 29.

KING COUNTY RURAL LIBRARY DISTRICT (WASHINGTON): $74.095 million series 2009 unlimited tax general obligation bonds (/AA/); competitive; DashenMusselman Inc. (financial adviser); bonds due 2010 to 2021; proceeds to construct, furnish and equip library facilities, renovate, expand and upgrade existing facilities and make other capital improvements to the library system; pricing Sept. 29.

PRINCE GEORGE'S COUNTY (MARYLAND): $63.3 million series 2009 general obligation consolidated public improvement bonds (//AA+); competitive; Public Advisory Consultants (financial adviser); 2009A bonds due 2010 to 2019; 2009B bonds due 2020 to 2029; proceeds to fund the construction, improvement, equipment, acquisition, extension, enlargement and demolition of certain capital projects, including public buildings, communication system, roads and bridges, solid waste facilities, environmental resources, libraries, fire stations and correctional facilities; pricing Sept. 29.

• $26.45 million series 2009A tax-exempt bonds

•36.85 million series 2009B Build America Bonds

SALT RIVER PROJECT AGRICULTURAL IMPROVEMENT AND POWER DISTRICT (ARIZONA): $325 million series 2009B electric system revenue bonds (Aa1/AA/); competitive; Public Financial Management Inc. (financial adviser); bonds due 2013 to 2020; proceeds to repay all of district's outstanding commercial paper; pricing Sept. 29.

SEACOAST UTILITY AUTHORITY (FLORIDA): $78.495 million series 2009 water and sewer utility system revenue bonds (A2/A+/A+); negotiated; Citigroup Global Markets Inc. (lead); RBC Capital Markets Corp. and Raymond James & Associates Inc. (co-managers); 2009A bonds due 2011 to 2022; 2009B bonds due 2039; proceeds to fund improvements to the Hood Road Membrane Conservation projects and make a deposit to a debt service reserve fund; pricing Sept. 29.

SPRING BRANCH INDEPENDENT SCHOOL DISTRICT (TEXAS): $122.395 million series 2009 unlimited tax schoolhouse bonds (Aa2/AA/); negotiated; RBC Capital Markets Corp. (lead); bonds due 2012 to 2030; proceeds to construct and renovate school facilities throughout the district; pricing Sept. 29.

VIRGINIA PUBLIC SCHOOL AUTHORITY: $438.52 million series 2009 school financing refunding bonds (Aa1/AA+/AA+); negotiated; Wachovia Bank NA (lead); bonds due 2011 to 2026; proceeds to refund authority's series 1997 resolution bonds; pricing Sept. 29.

SEPTEMBER 30

NEW YORK CITY: $1.83 billion series 2010A-C general obligation bonds (Aa3//AA-); negotiated; Morgan Stanley & Co. Inc. (lead); Citigroup Global Markets Inc.; J.P. Morgan Securities Inc.; Merrill Lynch & Co. Inc.; Siebert Brandford Shank & Co. LLC; Barclays Capital Inc.; M.R. Beal & Co.; Fidelity Capital Markets; Goldman, Sachs & Co.; Jefferies & Co.; Loop Capital Markets LLC; Ramirez & Co. Inc.; Ramirez & Co. Inc.; Rice Financial Products Co.; Roosevelt & Cross Inc.; Southwest Securities Inc.; Wachovia Bank NA; Cabrera Capital Markets Inc.; Lebenthal & Co. LLC; Raymond James & Associates Inc.; Jackson Securities Inc.; MFR Securities Inc.; RBC Capital Markets Corp.; Janney Montgomery Scott LLC; Morgan Keegan & Co. Inc.; and TD Securities (co-managers); 2010A bonds due 2011 to 2025 with term bonds; 2010B bonds due 2010 to 2027; 2010C bonds due 2010 to 2027; proceeds to fund capital expenditures; pricing Sept. 30.

• $130 million series 2010A-1 taxable bonds

• $800 million series 2010A-2 Build America Bonds

• $700 million series 2010B tax-exempt bonds

• $200 million series 2010C tax-exempt bonds

NEW YORK STATE THRUWAY AUTHORITY: $521.685 million series 2009 local highway and bridge service contract bonds (/AA-/A+); negotiated; Citigroup Global Markets Inc. and Loop Capital Markets LLC (lead); Jefferies & Co., Morgan Stanley & Co. Inc., RBC Capital Markets Corp., Merrill Lynch & Co. Inc., J.P. Morgan Securities Inc., KeyBanc Capital Markets Corp., Raymond James & Associates Inc., Roosevelt & Cross Inc. and Sterne, Agee & Leach Inc. (co-managers); bonds due 2011 to 2021; proceeds to refund debt and terminate a swap agreement; pricing Sept. 30.

ORANGE COUNTY HEALTH FACILITIES AUTHORITY/NEMOURS FOUNDATION (FLORIDA): $127.385 million series 2009 revenue bonds (//AA+); negotiated; Morgan Stanley & Co. Inc. (lead); proceeds to fund the construction of a children's hospital and to refund the foundation's series 2007 variable-rate bonds; pricing Sept. 30.

OREGON FACILITIES AUTHORITY: $103.595 million series 2009A revenue refunding bonds (/AA-/AA); negotiated; Goldman, Sachs & Co. (lead); Merrill Lynch & Co. Inc. and Wells Fargo Brokerage Services LLC (co-managers); proceeds to refinance taxable debt issued by PeaceHealth and redeem bonds used for capital expenditures and improvements; pricing Sept. 30.

SAN DIEGO COUNTY (CALIFORNIA): $85 million series 2009 certificates of participation (A1/AA+/AA); negotiated; RBC Capital Markets Corp. (lead); Merrill Lynch & Co. Inc. and Loop Capital Markets LLC (co-managers); proceeds to refund county's series 1997 jail facilities refunding bonds; pricing Sept. 30.

SCHOOL DISTRICT OF PITTSBURGH: $103.67 million series 2009 general obligation bonds (Aa2/A/); negotiated; Janney Montgomery Scott LLC (lead for 2009A and 2009C); Boenning & Scattergood Inc. (lead for 2009B); Janney Montgomery Scott LLC, Boenning & Scattergood Inc., PNC Capital Markets LLC and Loop Capital Markets (co-managers); 2009A bonds due 2010 to 2019; 2009B bonds due 2020 to 2029; 2009C bonds due 2010 to 2020; proceeds to fund capital projects and refund existing series 2001 bonds; pricing Sept. 30.

• $28.83 million series 2009A G.O. bonds

• $42.14 million series 2009B taxable Build America Bonds

• $32.7 million series 2009C refunding G.O. bonds

VIRGIN ISLANDS PUBLIC FINANCE AUTHORITY: $476.14 million series 2009 revenue and refunding bonds; negotiated; Citigroup Global Markets Inc. (lead); J.P. Morgan Securities Inc., Jefferies & Co. and Rice Financial Products Co. (co-managers); proceeds to fund improvements to the islands' water lines, emergency management services, roads and drainage systems, as well as upgrades to libraries, classrooms and correctional facilities; pricing Sept. 30.

• $89 million series 2009A-1 senior-lien capital projects tax-exempt bonds (Baa2/BBB/BBB)

• $6 million series 2009A-2 senior-lien capital projects federally taxable bonds (Baa2/BBB/BBB)

• $278.565 million series 2009B senior-lien refunding bonds (Baa2/BBB/BBB)

• $102.575 million series 2009C subordinate-lien refunding bonds (Baa2/BBB-/BBB-)

WASHINGTON HEALTH CARE FACILITIES AUTHORITY/PEACEHEALTH: $98.64 million series 2009 revenue bonds (/AA-/AA); negotiated; Goldman, Sachs & Co. (lead); Merrill Lynch & Co. Inc. and Wells Fargo Brokerage Services LLC (co-managers); proceeds to repay taxable debt incurred to refund and redeem the Washington series 1993 bonds, as well as refund the health system's series 2008B-D bonds; pricing Sept. 30.

OCTOBER 1

LOS ANGELES UNIFIED SCHOOL DISTRICT: $1.6 billion series 2009 general obligation bonds; negotiated; Citigroup Global Markets Inc. (bookrunner for 2009G federally taxable BABs and joint bookrunner for 2009KRY tax-exempt bonds); Goldman, Sachs & Co. (joint bookrunner for 2009KRY tax-exempt bonds); Cabrera Capital Markets LLC, J.P. Morgan Securities Inc., Merrill Lynch & Co. Inc., Morgan Stanley & Co. Inc., Piper Jaffray & Co., Rice Financial Products Co., Siebert Brandford Shank & Co. LLC and Wedbush Morgan Securities Inc.; proceeds to fund improvement and expansion of classrooms, as well improvements to district's libraries, restrooms, laboratories, fire system, security system, lighting system and earthquake retrofitting; pricing Oct. 1.

• $1.4 billion series 2009G federally taxable Build America Bonds

• $181 million series 2009KRY tax-exempt bonds

WEEK OF OCTOBER 5

OCTOBER 6

NORTH CAROLINA: $383.275 million series 2009A general obligation refunding bonds (Aaa/AAA/AAA); competitive; Davenport & Co. LLC (financial adviser); bonds due 2010 to 2020; proceeds to refund series 1999 school building bonds, 2001A public improvement bonds, 2003 general obligation highway bonds, 2004 general obligation highway bonds, 2006A general obligation higher education bonds and 2007A public improvement bonds; pricing Oct. 6.

OCTOBER 7

GWINNETT COUNTY WATER AND SEWERAGE AUTHORITY (GEORGIA): $271.775 million series 2009 revenue bonds; competitive; Public Financial Management Inc. (financial adviser); 2009A bonds due 2010 to 2028 and 2009B bonds due 2028 to 2029; proceeds to fund improvements and extensions to county's water and sewer system, as well as refund authority's series 2004 bonds; pricing Oct. 7.

• $247.82 million series 2009A revenue bonds

• $23.955 million series 2009B Build America Bonds

OCTOBER 8

CALIFORNIA: $4.5 billion series 2009 tax-exempt and Build America Bonds general obligation bonds; proceeds for capital expenditures; ROP Oct. 6 and Oct. 7; pricing Oct. 8.

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

CHICAGO: $90.547 million series 2009 sales tax revenue refunding bonds; negotiated; Rice Financial Products Co. (lead); BMO Capital Markets LLC, Gardner Rich LLC and Guzman & Co. (co-managers); 2009A bonds due 2018 to 2029; 2009B bonds due 2031; proceeds to refund a portion of the principal and interest on outstanding series 1998 and 2005 sales tax revenue bonds.

• $68.325 million series 2009A sales tax revenue refunding bonds

• $2.15 million series 2009B taxable sales tax revenue refunding bonds

• $20.072 million series 2009C taxable revenue refunding capital appreciation bonds

EAST BAY REGIONAL PARK DISTRICT (CALIFORNIA): $90.19 million series 2009 general obligation bonds (Aa1/AAA/); negotiated; Piper Jaffray & Co. and RBC Capital Markets Corp. (lead); proceeds to refund existing debt.

• $80 million series 2009A G.O. bonds

• $7.41 million series 2009B G.O. refunding bonds

• $2.78 million series 2009C G.O. refunding bonds

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.

MEDICAL CENTER EDUCATION BUILDING AUTHORITY/UNIVERSITY OF MISSISSIPPI MEDICAL CENTER: $104.725 million series 2009 revenue refunding bonds (/AA-/); negotiated; RBC Capital Markets Corp. (lead); Kipling Jones & Co., Morgan Stanley & Co. Inc. and Wells Fargo Securities Inc. (co-managers); bonds due 2010 to 2029 with term bonds due 2032 and 2034; proceeds to refund authority's series 1998 fixed-rate bonds and the 2008A and 2008B variable-rate revenue bonds.

MINNESOTA: $60.4 million series 2009 911 revenue bonds (//AA-); negotiated; Jefferies & Co. and Piper Jaffray & Co. (lead); Cronin & Co. Inc. and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2010 to 2025; proceeds to fund state's emergency radio infrastructure.

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.