Municipals Calendar: Illinois to sell $3.466 billion in taxable general obligation bonds

WEEK OF JANUARY 4

JANUARY 7

BOSTON WATER & SEWER COMMISSION: $100 million series 2010 general revenue refunding bonds (Aa2/AA+/AA); negotiated; Merrill Lynch & Co. (lead); proceeds to refund existing water and sewer bonds; pricing Jan. 7.

FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION: $251 million Florida Forever Bonds (A1/AA/A); negotiated; Merrill Lynch & Co. (lead); proceeds to fund environmental protection initiatives throughout Florida; pricing Jan. 7.

• $235 million Build America Bonds

• $16 million tax-exempt bonds

HARRIS COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP. (TEXAS)/TEXAS CHILDREN'S HOSPITAL: $79.51 million series 2010 hospital revenue (Aa2/AA/AA); negotiated; J.P. Morgan Securities Inc. (lead); RBC Capital Markets Corp. and Edward Jones & Co. (co-managers); bonds due 2010 to 2020 with term bonds due 2025 and 2029; proceeds to refund existing debt; pricing Jan. 7.

ILLINOIS: $3.466 billion series 2010 taxable general obligation bonds (A2/A+/A); negotiated; J.P. Morgan Securities Inc. (lead); Goldman, Sachs & Co., Loop Capital Markets LLC, Mesirow Financial Inc., Stifel, Nicolaus & Co. Inc., Duncan-Williams Inc., Estrada Hinojosa & Co. Inc., M.R. Beal & Co., Podesta & Co. and Stern Brothers & Co. (co-managers); bonds due 2011 to 2015; proceeds to make contributions to the state's retirement fund, as well as to fund capital expenditures; pricing Jan. 7.

MARYLAND ECONOMIC DEVELOPMENT CORP.: $258.55 million series 2010 economic development revenue bonds; negotiated; Goldman, Sachs & Co. (lead); Citigroup Global Markets Inc. and BMO Markets Inc. (co-managers); proceeds to construct new cargo and machinery buildings as well as fund acquisition and installation of four cranes at Seagirt Terminal in Baltimore; pricing Jan. 7.

• $170 million series 2010A bonds

• $88.55 million series 2010B bonds

MEMPHIS-SHELBY COUNTY AIRPORT (TENNESSEE): $161.205 million series 2009 refunding revenue bonds (A2/A/A+); negotiated; Morgan Keegan & Co. Inc. (lead); proceeds to refund existing debt; pricing Jan. 7.

NEW JERSEY TRANSPORTATION TRUST AUTHORITY: $852.5 million series 2010 transportation system capital appreciation bonds (A1/AA/A+); negotiated; Barclays Capital Corp. (lead); proceeds to fund transportation infrastructure projects; pricing Jan. 7.

SEATTLE: $109.08 million series 2010A water system revenue taxable Build America Bonds (Aa2/AA+/); competitive; Seattle-Northwest Securities Corp. (financial adviser); bonds due 2019 to 2040; proceeds to fund improvements to city's water system and refund existing debt; pricing Jan. 7.

WEEK OF JANUARY 11

JANUARY 12

VIRGINIA BEACH (VIRGINIA): $106.055 million series 2009 general obligation public improvement refunding bonds (Aa1/AAA/AA+); competitive; Government Finance Associates Inc. (financial adviser); 2009A bonds due 2010 to 2021 and 2009B bonds due 2010 to 2022; proceeds to refund existing debt; pricing Jan. 12.

• $22.08 million series 2009A

• $83.975 million series 2009B

ON THE HORIZON

BEXAR COUNTY HEALTH FACILITIES DEVELOPMENT CORP. (TEXAS): $53 million series 2010 revenue bonds (/BBB/BBB); negotiated; Raymond James & Associates Inc. (lead); bonds due 2010 to 2020 with term bonds due 2030, 2040 and 2045; proceeds to construct independent living units, assisted living apartments and common areas for the foundation.

CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY/SCRIPPS HEALTH: $100 million series 2010A revenue bonds (A1/AA-/AA-); negotiated; Barclays Capital Corp. and J.P. Morgan Securities Inc. (lead); proceeds to finance a variety of construction projects.

CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY/SCRIPPS HEALTH: $100 million series 2010D-F variable-rate revenue bonds (A1/AA-/AA-); negotiated; Barclays Capital Corp. and J.P. Morgan Securities Inc. (lead); proceeds to fund a variety of construction projects for Scripps Health.

CHICAGO: $773 million series 2009 taxable project general obligation bonds; negotiated; Siebert Brandford Shank & Co. LLC (lead); Cabrera Capital Markets LLC, Estrada Hinojosa & Co. Inc., Grigsby & Associates Inc. and Loop Capital Markets LLC; proceeds will be used to finance public right-of-way infrastructure improvements, finance infrastructure improvements to encourage economic development, conduct transportation improvements and make grants to educational and non-profit organizations, as well as refund existing debt.

• $420 million series 2009A refunding bonds

• $110 million series 2009B refunding bonds

• $110 million series 2009C Build America Bonds

• $133 million series 2009D recovery zone economic development bonds

HARBOR POINT INFRASTRUCTURE IMPROVEMENT DISTRICT (CONNECTICUT): $145 million series 2010 special obligation revenue bonds; negotiated; Stone & Youngberg (lead); proceeds to fund construction of the Harbor Point retail and office project in Stamford, Conn.

• $64.5 million series 2010A tax-exempt bonds

• $64.5 million series 2010B Build America Bonds

• $16 million series 2010C recovery zone economic development bonds

HIGHER EDUCATION STUDENT ASSISTANCE AUTHORITY OF THE STATE OF NEW JERSEY: $338 million series 2010-1 student loan revenue bonds (Aa2/AA/); negotiated; Merrill Lynch & Co. (lead); Citigroup Global Markets Inc., Goldman, Sachs & Co. and Morgan Stanley & Co. Inc. (co-managers); 2010-1A bonds due 2011 to 2018 and 2032 and 2037 with term bonds due 2022, 2025, 2028 and 2029; 2010-1B bonds due 2017 and 2019; proceeds to fund student loans and refund existing debt.

• $300 million series 2010-1A refunding bonds

• $38 million series 2010-1B revenue bonds

HURST-EULESS-BEDFORD INDEPENDENT SCHOOL DISTRICT (TEXAS): $101.215 million series 2010 unlimited tax refunding bonds (/AA+/AA); negotiated; Morgan Keegan & Co. Inc. (lead); BOSC Inc., RBC Capital Markets Corp. and Wells Fargo Securities Inc. (co-managers); bonds due 2021 to 2028; proceeds to refund district's series 1998 unlimited tax bonds.

ILLINOIS FINANCE AUTHORITY/SWEDISH COVENANT HOSPITAL: $100 million series 2010A revenue refunding bonds (/A-/BBB+); negotiated; Bank of America Merrill Lynch (lead); Ziegler Capital Markets Inc. (co-manager); proceeds to refund debt.

INDIANA BOND BANK: $67.16 million series 2009 tax credit qualified school construction bonds (/AA+/); negotiated; City Securities Corp. and J.P. Morgan Securities Inc.; bonds due 2019 and 2025; proceeds to construct qualified schools throughout the state.

INDIANPOLIS LOCAL PUBLIC IMPROVEMENT BOND BANK: $112.275 million series 2009I-J and 2010A-D bond bank notes; negotiated; City Securities Corp. (lead); proceeds to fund general capital projects.

• $14.3 million series 2009I notes

• $10.7 million series 2009J notes

• $39.4 million series 2010A notes

• $34.875 million series 2010B notes

• $6.2 million series 2010C notes

• $6.8 million series 2010D notes

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

JEA (FLORIDA): $149.3 million series 2010 water and sewer system revenue bonds; negotiated; Barclays Capital Inc. (lead); Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Goldman, Sachs & Co., Merrill Lynch & Co., Morgan Stanley & Co. Inc. and Wells Fargo Securities Inc. (co-managers); 2010A bonds due 2033 and 2044; 2010B bonds due 2012 to 2025; 2010C bonds due 2010 to 2015 and 2020 to 2025 with term bond due 2040; proceeds to construct, acquire, extend and improve Jacksonville's water and sewer system.

LOS ANGELES UNIFIED SCHOOL DISTRICT: $71.27 million series 2010A certificates of participation (A2/A+/); negotiated; Piper Jaffray & Co. and Bank of America Merrill Lynch (lead); proceeds to refinance district's series 1997 and 1998 certificates and fund a debt service reserve fund.

MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY/ANNE ARUNDEL HEALTH SYSTEM: $86.74million series 2010 revenue bonds (A3/A-/A-); negotiated; Citigroup Global Markets Inc. and M&T Securities Inc. (lead); bonds due 2011 to 2020 with term bonds due 2030, 2035 and 2040;proceeds to finance and refinance construction projects at hospitals operated by Anne Arundel Health.

MIAMI-DADE COUNTY (FLORIDA): $600 million series 2010A aviation revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); Loop Capital Markets LLC; M.R. Beal & Co.; Rice financial Products Co.; Stifel, Nicolaus & Co. Inc.; Estrada Hinojosa & Co. Inc.; Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; Jackson Securities Inc.; Morgan Keegan & Co. Inc.; Morgan Stanley & Co. Inc.; Ramirez & Co. Inc.; Raymond James & Associates Inc.; and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to reimburse the county for port improvements, retire commercial paper and make a deposit to a debt reserve fund.

OHIO WATER DEVELOPMENT AUTHORITY: $363.845 million series 2010 water pollution control loan fund revenue bonds (Aaa/AAA/); negotiated; Morgan Stanley & Co. (lead); Bank of America Merrill Lynch, J.P. Morgan Securities Inc., Fifth Third Securities Inc., KeyBanc Capital Markets Inc., Piper Jaffray & Co. and Rice Financial Products Co. (co-managers); 2010A bonds due 2010 to 2027; 2010B bonds due 2030; proceeds to fund loans for pollution control projects throughout the state.

• $321.705 million series 2010A tax-exempt bonds

• $42.14 million series 2010B Build America 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.

REGENTS OF THE UNIVERSITY OF MICHIGAN: $163.105 million series 2010 general revenue bonds (Aaa/AAA/); negotiated; Barclays Capital Corp. (lead); Bank of America Merrill Lynch, Wells Fargo Securities Inc. and Edward Jones & Co. (co-managers); 2010A bonds due 2030 and 2040; 2010B bonds due 2023 to 2027; proceeds to replace the C.S. Mott Children's and Women's Hospital and expand the university's eye center.

• $125.275 million series 2010A taxable Build America Bonds

• $37.83 million series 2010B tax-exempt bonds

SOUTHERN GROVE COMMUNITY DEVELOPMENT DISTRICT NO. 5/OREGON HEALTH AND SCIENCE UNIVERSITY VACCINE AND GENE THERAPY INSTITUTE FLORIDA CORP.: $68.455 million series 2009 research facilities revenue bonds; negotiated; Prager, Sealy & Co., LLC; proceeds to finance or reimburse for the costs of building and land improvement projects.

TENNESSEE HOUSING DEVELOPMENT AGENCY: $400 million housing finance program bonds; negotiated and private placement; Morgan Keegan & Co., Inc. (lead); RBC Capital Markets Corp.; Merrill Lynch & Co.; Citigroup Global Markets Inc.; Raymond James & Associates, Inc.; M.R. Beal & Co.; and Duncan-Williams, Inc. (co-managers); proceeds will be used for fund deposits.

• $40 million series 2009A1 bonds

• $60 million series 2009A2 bonds

• $300 million series 2009B bonds

VERMONT EDUCATIONAL AND HEALTH BUILDING FINANCING AGENCY/MIDDLEBURY COLLEGE: $60 million series 2009 revenue refunding bonds; negotiated; Goldman, Sachs & Co.; bonds due 2038; proceeds refund existing Middlebury College debt.

© 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.