Municipals Calendar: Florida Board of Education to sell $423 million in bonds

WEEK OF MARCH 8

MARCH 9

FLORIDA BOARD OF EDUCATION: $423.255 million series 2010 public education capital outlay bonds (//AA+); competitive; 2010A bonds due 2011 to 2022; 2010B bonds due 2018 to 2033; proceeds to fund school construction and other educational facilities requirements throughout the state; pricing March 9.

• $253.255 million series 2010A tax-exempt bonds

• $170 million series 2010B taxable bonds

MARCH 11

ILLINOIS: $412 million series 2010 general obligation bonds; competitive; First Southwest Co. (financial adviser); 2010A and 2010B bonds due 2011 to 2035; proceeds to make grants to local school district and construct, acquire and equip school facilities throughout the state; pricing March 11.

• $356 million series 2010A Build America Bonds

• $56 million series 2010B taxable series of March 2010 general obligation bonds

SEATTLE: $201.425 million series 2010 revenue bonds; competitive; 2010A bonds due 2020 to 2030; 2010B bonds due 2010 to 2031; proceeds to fund capital expenditures and refund debt; pricing March 11.

• $58.235 million series 2010A taxable bonds

• $143.19 million series 2010B tax-exempt bonds

ON THE HORIZON

ANCHORAGE (ALASKA): $100.11 million series 2010 general obligation bonds (/AA/AA); negotiated; Siebert Brandford Shank & Co. LLC (lead); Bank of America Merrill Lynch; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; Morgan Stanley & Co. Inc; and Seattle-Northwest Securities Corp. (co-managers); proceeds to make general purpose and school capital improvements.

• $55 million series 2010A general purpose bonds

• $20 million series 2010B school G.O. bonds

• $25.11 million series 2010C general purpose G.O. refunding bonds

ASCENSION HEALTH GROUP (MICHIGAN): $1,345,920,000 series 2010 revenue bonds; negotiated; Morgan Stanley & Co. Inc. and Citigroup Global Markets Inc. (lead); proceeds to reimburse health group for variety of improvements and repairs to Ascension facilities.

• $670.53 million series 2010 fixed-rate bonds

• $675.39 million series 2010 variable-rate bonds

CALIFORNIA: $2 billion series 2010 various purpose general obligation bonds (Baa1/A-/BBB); negotiated; J.P. Morgan Securities Inc. and Morgan Stanley & Co. Inc. (lead); Prager, Sealy & Co. LLC; Barclays Capital Inc.; BMO Capital Markets GKST Inc.; Bank of America Merrill Lynch; Cabrera Capital Markets Inc.; Citigroup Global Markets Inc.; City National Securities Inc.; De La Rosa & Co. Inc.; Edward D. Jones & Co. LP; Fidelity Capital Markets Inc.; Goldman, Sachs & Co.; Great Pacific Securities; Grigsby & Associates Inc.; Jackson Securities Inc.; Jefferies & Co.; Loop Capital Markets LLC; M.R. Beal & Co. Inc.; Northern Trust Co.; Oppenheimer & Co. Inc.; Ramirez & Co. Inc.; Raymond James & Associates Inc.; RBC Capital Markets Corp.; Robert W. Baird & Co.; Southwest Securities Inc.; Stone & Youngberg; Wells Fargo Securities Inc.; and William Blair & Co. (co-managers); proceeds to refund existing commercial paper and fund a variety of capital projects.

CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY/LOYOLA MARYMOUNT UNIVERSITY: $64.595 million series 2010A revenue bonds (A2); negotiated; Morgan Stanley & Co. Inc. and Bank of America Merrill Lynch (lead); bonds due 2010 to 2025 with term bonds due 2030 and 2040; proceeds to repurpose, renovate, improve and convert the university's Von der Ahe Library at the Westchester Campus in Los Angeles.

CHILDREN'S HOSPITAL AND CLINICS OF MINNESOTA/CITY OF MINNESOTA/HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF SAINT PAUL: $50 million series 2010A health care facilities revenue bonds (Aa3/AAA/); negotiated; Piper Jaffray & Co. (lead); bonds due 2011 to 2022 with term bonds due 2025, 2030 and 2035; proceeds to reimburse Children's Hospital and Clinics for costs related to expanding and improving existing facilities.

CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/FAIRFIELD UNIVERSITY: $85 million series 2010 revenue bonds (A3/A-/); negotiated; J.P. Morgan Securities Inc. (lead); Janney Montgomery Scott LLC and Stifel, Nicolaus & Co. Inc. (co-managers); proceeds to refund university's series H bonds and make a deposit to a debt service reserve fund.

DETROIT, MICH.: $250 million series 2010 distributable state aid general obligation bonds (A1/AA-/); negotiated; Goldman, Sachs & Co. (lead); Bank of America Merrill Lynch; Cabrera Capital Markets LLC, Loop Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to fund a portion of the city's accumulated and projected operating deficit.

DISTRICT OF COLUMBIA: $711.16 million series 2010 revenue and revenue refunding bonds (Aa2/AAA/AA); negotiated; Goldman, Sachs & Co. (lead); Morgan Stanley & Co. Inc., M.R. Beal & Co., Siebert Brandford Shank & Co. LLC, Bank of America Merrill Lynch, Barclays Capital Inc., Cabrera Capital Markets Inc., Fidelity Capital Markets LLC, Jefferies & Co., Ramirez & Co. Inc., Rice Financial Products Co. and Wells Fargo Securities Inc. (co-managers); 2010A bonds due 2017 to 2031; 2010B bonds due 2017; proceeds to refund debt and finance the termination of swap agreements related to the refunded bonds.

• $696.005 million series 2010A tax-exempt income secured revenue refunding bonds

• $15.155 million series 2010B federally taxable income secured revenue bonds

GUILFORD COUNTY (NORTH CAROLINA): $298.435 million series 2010 general obligation public improvement bonds; negotiated; Wells Fargo Securities Inc. and BB&T Capital Markets (lead); 2010A bonds are due 2011 to 2023; 2010B bonds due 2021 to 2025 with term bond due 2030; 2010C bonds due 2011 to 2023; 2010D bonds due 2018 to 2022; proceeds to fund variety of capital improvements within Guilford County, as well as refund existing bonds.

JEA (FLORIDA): $59.6 million series 2010A electric system revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); J.P. Morgan Securities Inc., Barclays Capital Inc., Bank of America Merrill Lynch, Goldman, Sachs & Co., Morgan Stanley & Co. Inc. and Wells Fargo Securities Inc. (co-managers); bonds due 2012 to 2030; proceeds to refund some of JEA's outstanding electric system revenue bonds.

MASSACHUSETTS: $538.86 million series 2010A Sifma Index general obligation refunding bonds (Aa2/AA/AA); negotiated; Morgan Stanley & Co. Inc. (lead); Goldman, Sachs & Co., Jefferies & Co., Barclays Capital Inc., Bank of America Merrill Lynch, Citigroup Global Markets Inc., Fidelity Capital Markets Inc. and J.P. Morgan Securities Inc. (co-managers); bonds due 2011 to 2014; proceeds to refund existing bonds.

MICHIGAN MUNICIPAL BOND AUTHORITY: $241.305 million series 2010 state revolving fund revenue bonds (/AAA/AAA); negotiated; Bank of America Merrill Lynch and Citigroup Global Markets Inc. (lead); Cabrera Capital Markets Inc., Fidelity Capital Markets inc., Janney Montgomery Scott LLC, J.P. Morgan Securities Inc., Loop Capital Markets LLC and Roosevelt & Cross Inc. (co-managers); pooled project bonds due 2011 to 2030; refunding bonds due 2010 to 2020; proceeds to fund clean water initiative and refund authority's series 1998 clean water bonds.

• $172.04 million series 2010 clean water revolving fund pooled project bonds

• $69.265 million series 2010 clean water revolving fund subordinate refunding bonds

MISSISSIPPI DEVELOPMENT BANK: $161.58 million series 2010 special obligation bonds (A1/AA-/); negotiated; Morgan Stanley & Co. Inc. and Bank of America Merrill Lynch (lead); 2010A bonds due 2011 to 2014; 2010B bonds due 2030, 2035 and 2040; proceeds to construct highways throughout DeSoto County, Miss.

• $25.85 million series 2010A special obligation bonds for DeSoto County Highway Construction Project

• $135.73 million series 2010B special obligation Build America Bonds for the DeSoto County Highway Construction Project

MOBILE COUNTY (ALABAMA): $57.59 million series 2010 general obligation bonds (Aa3/AA/); negotiated; Gardnyr Michael Capital Inc. and Raymond James & Associates Inc. (lead); 2010A bonds due 2015 to 2022; 2010B bonds due 2015 and 2022 to 2029; 2010C bonds due 2011 to 2038; proceeds to acquire and improve land to construct an industrial facility for ThyssenKrupp Steel and Stainless USA LLC.

• $5.955 million series 2010A taxable G.O. Build America warrants

• $7.305 million series 2010B G.O. recovery zone economic development warrants

• $44.33 million series 2010C G.O. refunding bonds

TULSA COUNTY INDUSTRIAL AUTHORITY/MONTREAU INC.: $114.52 million series 2010 senior living facilities revenue bonds; negotiated; Ziegler Capital Markets Inc. (lead); Herbert J. Sims & Co. Inc. and Wells Nelson & Associates (co-managers); proceeds to fund the construction of a senior living facility and refund existing VRDBs.

UNIVERSITY OF NORTH CAROLINA: $151.44 million series 2010 system pool revenue bonds; negotiated; Wells Fargo Securities Inc. (lead); BB&T Capital Markets Inc., Jackson Securities Inc. and Morgan Keegan & Co. Inc. (co-managers); 2010A bonds due 2010 to 2029; 2010B-1 bonds due 2010 to 2030 with term bond due 2035; 2010B-2 bonds due 2011 to 2027; 2010C bonds due 2010 to 2025; 2010D bonds due 2030 and 2039; proceeds to make loans to campuses for improvements.

• $24.56 million series 2010A pool bonds for East Carolina University (Aa3/AA-/)

• $41.11 million series 2010B-1 pool bonds (A1)

• $29.72 million series 2010B-2 bonds for University of North Carolina at Greensboro (A1)

• $33.18 million series 2010C bonds for University of North Carolina at Asheville and Wilmington (Aa3/A2/AAA/)

• $22.87 million series 2010D Build America Bonds for University of North Carolina at Wilmington (A2)

WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/MINISTRY HEALTH CARE INC.: $51.785 million series 2010A revenue bonds (/A+/); negotiated; Bank of America Merrill Lynch (lead); proceeds to refund debt issued by Ministry Health.

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