Municipals Calendar: Chicago to sell $773 million in project G.O. bonds

WEEK OF JANUARY 11

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; pricing week of Jan. 11.

• $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

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; pricing week of Jan. 11.

• $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; pricing week of Jan. 11.

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; pricing week of Jan. 11.

INDIANA FINANCE AUTHORITY: $359.09 million series 2010A state revolving fund program refunding bonds (Aaa/AAA/AAA); negotiated; Bank of America Merrill Lynch and Citigroup Global Markets Inc. (lead); Piper Jaffray & Co., Morgan Keegan & Co. Inc., City Securities Corp. and Andes Capital Group LLC (co-managers); bonds due 2011 to 2024; proceeds to refund debt.

JANUARY 12

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; pricing Jan. 12.

• $321.705 million series 2010A tax-exempt bonds

• $42.14 million series 2010B Build America Bonds

REGENTS OF THE UNIVERSITY OF MICHIGAN: $163.105 million series 2010 general revenue bonds (Aaa/AAA/); negotiated; Barclays Capital Inc. (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; pricing Jan. 12.

• $125.275 million series 2010A taxable Build America Bonds

• $37.83 million series 2010B tax-exempt bonds

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

JANUARY 13

CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY/SCRIPPS HEALTH: $100 million series 2010A revenue bonds (A1/AA-/AA-); negotiated; Barclays Capital Inc. and J.P. Morgan Securities Inc. (lead); proceeds to finance a variety of construction projects; pricing Jan. 13.

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; pricing Jan. 13.

HARVARD UNIVERSITY (MASSACHUSETTS): $480 million series 2010A revenue bonds (Aaa); negotiated; Barclays Capital Inc. (lead); proceeds to refinance previously issued debt and commercial paper; pricing Jan. 13.

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; pricing Jan. 13.

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; pricing Jan. 13.

OHIO STATE UNIVERSITY: $278.095 million series 2010A general receipt bonds (Aa2/AA/); negotiated; Morgan Stanley & Co. Inc. (lead); Barclays Capital Corp., J.P. Morgan Securities Inc. and RBC Capital Markets Inc. (co-managers); bonds due 2010 to 2020; proceeds to refund existing bonds; pricing Jan. 13.

JANUARY 14

ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS (CALIFORNIA): $54.31 million series 2010 insured revenue bonds (/A/BBB+); negotiated; Cain Brothers Inc. (lead); bonds due 2010 to 2037; proceeds to refund corporation's series 2007 bonds and terminate a swap agreement related to those bonds; pricing Jan. 14.

JEA (FLORIDA): $149.3 million series 2010 water and sewer system revenue bonds; negotiated; Barclays Capital Inc. (lead); (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; pricing Jan. 14.

LOWER COLORADO RIVER AUTHORITY (TEXAS): $424.885 million series 2010 refunding revenue bonds (A1/A/A+); negotiated; Barclays Capital Inc. (lead); proceeds to refund existing debt; pricing Jan. 14.

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.

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

HOLLYWOOD, FLA.: $52.035 million series 2010 water and sewer improvement revenue bonds (A1//A-); negotiated; Bank of America Merrill Lynch (lead); RBC Capital Markets Corp. (co-manager); proceeds to fund improvements to city's water and sewer system.

• $21.715 million series 2010A revenue bonds

• $30.32 million series 2010B Build America Bonds

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

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.

NORTHERN CALIFORNIA POWER AGENCY: $57.735 million series 2010A capital facilities revenue refunding bonds (A3/A-/); negotiated; Barclays Capital Corp. (lead); bonds due 2010 to 2025; proceeds to refund agency's series 1999 bonds.

NORTHERN CALIFORNIA POWER AGENCY: $78.015million series 2010A-B Hydroelectric Project Number One revenue refunding bonds (A2/A/A); negotiated; Morgan Stanley & Co. Inc. (lead); proceeds to refund the agency's series 1998 bonds.

• $73.815 million series 2010A refunding bonds

• $4.2 million series 2010B taxable refunding 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 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

VIRGINIA SMALL BUSINESS FINANCING AUTHORITY/SENTARA HEALTHCARE: $300 million series 2010 health care facilities revenue and refunding bonds; negotiated; Citigroup Global Markets Inc. (lead); BB&T Capital Markets; Bank of America Merrill Lynch; Morgan Keegan & Co. Inc.; Morgan Stanley & Co. Inc.; Goldman, Sachs & Co.; and Edward Jones & Co. (co-managers); proceeds to finance or refinance the construction, development, acquisition and equipment of the Princess Anne Hospital, which will be located in Virginia Beach, Va., as well as the construction of a three-story addition to the Sentara Obici Hospital in Suffolk, Va. The rest will be used to acquire the assets of Potomac Hospital Corp. in Prince William, Va.

WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/AURORA HEALTH CARE INC.: $229.9 million series 2010A revenue bonds (//A); negotiated; Bank of America Merrill Lynch and Goldman, Sachs & Co. (lead); Edward Jones & Co. and Ziegler Capital Markets Inc. (co-managers); proceeds to reimburse Aurora Health for costs associated with construction, improvement, equipment and acquisition of health care facilities.

© 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.