Municipals Calendar: New York City Municipal Water to sell $400 million bonds

WEEK OF JANUARY 25

HOSPITAL FACILITIES AUTHORITY OF THE CITY OF MEDFORD/ASANTE HEALTH SYSTEM (OREGON): $175 million series 2010 hospital revenue refunding bonds (/AAA/); negotiated; Bank of America Merrill Lynch (lead); Citigroup Global Markets Inc., Edward Jones & Co., J.P. Morgan Securities Inc. and Morgan Stanley & Co. Inc. (co-managers); bonds due 2011 to 2021 with term bonds due 2025, 2030, 2035 and 2040; proceeds to refund system's series 2008 bonds, as well as reimburse the system for construction and renovation projects; pricing week of Jan. 25.

MISSOURI ENVIRONMENTAL IMPROVEMENT AND ENERGY RESOURCES AUTHORITY: $219.075 million series 2010A water pollution control and drinking water refunding revenue bonds; negotiated; Bank of America Merrill Lynch (lead); George K. Baum & Co., Wachovia Bank, NA, J.P. Morgan Securities Inc., Piper Jaffray & Co., Oppenheimer & Co. Inc., Rice Financial Products Co. and Siebert Brandford Shank & Co. LLC; proceeds to refund existing water pollution control bonds; pricing week of Jan. 25.

JANUARY 26

NEW YORK CITY MUNICIPAL WATER AUTHORITY: $400 million series 2010DD second general resolution revenue bonds (//AA); negotiated; Ramirez & Co. Inc. (lead); proceeds to fund the authority's capital improvement program; pricing Jan. 26.

JANUARY 27

INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF KIRKWOOD (MISSOURI): $172.445 million series 2009 retirement community revenue bonds; negotiated; Ziegler Capital Markets Inc. (lead); proceeds to construct Aberdeen Heights Commons retirement community; pricing Jan. 27.

• $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

KANSAS DEVELOPMENT FINANCE AUTHORITY: $58.365 million series 2010C revenue bonds (A1/AA/); competitive; bonds due 2012 to 2020; proceeds to fund projects under the Kansas Investments in Major Projects and Comprehensive Training program; pricing Jan. 27.

MIAMI-DADE COUNTY (FLORIDA): $50.835 million series 2010A general obligation bonds (Aa3); competitive; Public Financial Management Inc. (financial adviser); bonds due 2010 to 2039; proceeds to fund the construction of a baseball stadium for use by the Florida Marlins baseball team; pricing Jan. 27.

PUERTO RICO SALES TAX FINANCING CORP.: $1.4 billion series 2010A first subordinate sales tax revenue bonds (A2/A+/A); negotiated; Citigroup Global Markets Inc. and Bank of America Merrill Lynch (lead); Barclays Capital Inc., Goldman, Sachs & Co., J.P. Morgan Securities Inc., Morgan Stanley & Co. Inc., RBC Capital Markets Corp., UBS Financial Services Inc. of Puerto Rico, Wells Fargo Securities Inc., BBVAPR MSD, FirstBank Puerto Rico Securities, Popular Securities, Santander Securities and Scotia Capital; proceeds to fund capital projects; pricing Jan. 27.

VERMONT: $52 million series 2010A general obligation bonds (Aaa/AA+/AA+); competitive; Government Finance Associates Inc. (financial adviser); bonds due 2010 to 2029; proceeds to fund community development, natural resources, health and public safety and state building projects; pricing Jan. 27.

JANUARY 28

ILLINOIS: $1 billion series 2010-1 taxable general obligation Build America Bonds (A2/A+/A); negotiated; Barclays Capital Inc. (lead); BMO Capital Markets Inc., Bank of America Merrill Lynch, Robert W. Baird & Co., Fidelity Capital Markets Inc., Rice Financial Products Co. and Wachovia Bank (co-managers); bonds due 2011 to 2020 with term bonds due 2022 and 2035; proceeds to fund capital facilities and infrastructure projects; pricing Jan. 28.

SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY: $235.915 million series 2010-1 Milford Wind Corridor Phase I project revenue bonds (A1/AA-/); negotiated; Barclays Capital Inc. (lead); De La Rosa & Co. Inc., RBC Capital Markets Corp., Fidelity Investments and Loop Capital Markets LLC (co-managers); bonds due 2011 to 2030; proceeds to fund prepayment of a supply of electricity from the Milford Wind Corridor; pricing Jan. 28.

VIRGINIA HOUSING DEVELOPMENT AUTHORITY: $107.33 million series 2010A non-AMT mortgage bonds (Aa1/AA+/); negotiated; Morgan Keegan & Co. Inc. (lead); BB&T Capital Markets Inc., Davenport & Co. LLC, Merrill Lynch & Co., Raymond James & Associates Inc. and Wells Fargo Securities Inc. (co-managers); bonds due 2011 to 2021; proceeds to fund mortgage loans; pricing Jan. 28.

ON THE HORIZON

FRANKLIN COUNTY CONVENTION FACILITIES AUTHORITY (OHIO): $160 million series 2010 lease revenue anticipation bonds (Aa2/AA/); negotiated; PNC Capital Markets LLC (lead); Rice Financial Products Co. and Huntington Investment Co. (co-managers); bonds due 2016 to 2020 with term bonds due 2025, 2030 and 2042; proceeds to construct, equip and furnish a full-service convention center hotel and auxiliary facilities, as well as make a deposit to a bond reserve fund.

FRESNO (CALIFORNIA); $159.965 million series 2010 water system revenue bonds (/A/A+); negotiated; De La Rosa & Co. and Bank of America Merrill Lynch (lead); proceeds to fund improvements to city's water system.

• $55.49 million series 2010A-1

• $104.475 million series 2010A-2 Build America 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 LOAN AUTHORITY OF THE STATE OF MISSOURI: $1,078,423,000 series 2010-1 student loan asset-backed Libor floating-rate notes (/AAA/AAA); negotiated; Bank of America Merrill Lynch and Morgan Stanley & Co. Inc. (lead); proceeds to fund student loans throughout the state.

NAPA VALLEY UNIFIED SCHOOL DISTRICT (CALIFORNIA): $63.122 million series 2010 general obligation bonds (Aa3/AA-/); negotiated; De La Rosa & Co. Inc. (lead); proceeds to make improvements within the district and refund existing debt.

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: $78.015 million series 2010A-B Hydroelectric Project No. 1 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

OHIO/UNIVERSITY HOSPITALS HEALTH SYSTEM INC.: $100 million series 2010A-B hospital revenue bonds (A2); negotiated; Bank of America Merrill Lynch and Citigroup Global Markets Inc. (lead); Edward Jones & Co., KeyBanc Capital Markets Inc., PNC Capital Markets LLC and Wells Fargo Securities Inc. (co-managers); proceeds to fund construction, renovation, equipment and acquisition of hospital facilities and refund a portion of health system's series 2008A-E 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.

SANTA CLARA COUNTY FINANCING AUTHORITY (CALIFORNIA): $51.125 million series 2010N refunding lease revenue bonds (Aa3/AA/); negotiated; Wedbush Morgan Securities and J.P. Morgan Securities Inc. (lead); bonds due 2011 to 2017; proceeds to refund existing debt.

TRAVIS COUNTY HEALTH FACILITIES DEVELOPMENT/WESTMINSTER MANOR (TEXAS): $66.14 million series 2010 revenue bonds (//BB+); negotiated; Cain Brothers (lead); proceeds to fund construction, acquisition, expansion and equipment of Westminster Manor, an assisted living facility in Austin.

© 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.