Municipals Calendar: Illinois to sell $250 million in general obligation bonds

WEEK OF MARCH 29

MICHIGAN MUNICIPAL BOND AUTHORITY/SCHOOL DISTRICT OF THE CITY OF DETROIT: $255 million series 2010B state aid revenue notes (/SP-1/); negotiated; J.P. Morgan Securities Inc. and Loop Capital Markets LLC (lead); notes due March 21, 2011; proceeds to purchase a note to be issued to the City of Detroit's school district; pricing week of March 29.

PORT AUTHORITY OF NEW YORK AND NEW JERSEY: $116.84 million 162nd series consolidated bonds (Aa2); competitive; bonds due 2010 to 2014; proceeds to refund 118th series consolidated bonds; pricing week of March 29.

APRIL 1

ILLINOIS: $250 million series of April 2010 general obligation bonds (A2/A+/A); competitive; Public Resources Advisory Group (financial adviser); bonds due March 31, 2011; proceeds to fund capital projects throughout the state; pricing April 1.

APRIL

INDIANA UNIVERSITY: $85 million series 2010T student fee bonds (Aa1/AA/); negotiated; Morgan Stanley & Co. Inc. (lead); J.P. Morgan Securities Inc., City Securities Corp. and Loop Capital Markets LLC (co-managers); 2010T-1 bonds due 2011 to 2017; 2010T-2 bonds due 2018 to 2030; proceeds to fund campus improvements; pricing in April.

ON THE HORIZON

CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY/STANFORD UNIVERSITY: $250 million series 2010U-1 revenue bonds (Aaa//AAA); negotiated; Morgan Stanley & Co. Inc. (lead); Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; and Prager, Sealy & Co. LLC (co-managers); proceeds to finance a loan to university for capital expenditures.

CASTAIC LAKE WATER AGENCY (CALIFORNIA): $68.105 million series 2010A refunding revenue certificates of participation (/AA-/A+); negotiated; Stone & Youngberg (lead); proceeds to refund agency's series 2001A COPs.

CHIPPEWA VALLEY SCHOOLS (MICHIGAN): $89.765 million series 2010 school building and site bonds; negotiated; Fifth Third Securities Inc. (lead); Comerica Securities, Edward D. Jones & Co. LP and Stifel, Nicolaus & Co. Inc. (co-managers); 2010A bonds due 2011 to 2016 and 2010B bonds due 2017 to 2035; proceeds to fund purchase of land for school construction, as well as construction costs associated with building new schools.

• $20 million series 2010A taxable bonds

• $69.765 million series 2010B Build America Bonds

CLEVELAND (OHIO): $65 million series 2010A refunding certificates of participation (Baa1/A/);negotiated; Bank of America Merrill Lynch and Wells Fargo Bank NA (lead); Cabrera Capital Markets LLC, J.P. Morgan Securities Inc., Loop Capital Markets LLC, Morgan Stanley & Co. Inc. and Stifel, Nicolaus & Co. Inc. (co-managers); proceeds to refund COPs issued to fund the construction of Cleveland Stadium.

CONVENTION CENTER AUTHORITY OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY (TENNESSEE): $633.325 million series 2010 revenue bonds (A2/A/A+); negotiated; Goldman, Sachs & Co. (lead); Morgan Keegan & Co. Inc., Morgan Stanley & Co. Inc., Bank of America Merrill Lynch, Fifth Third Securities Inc., Harveston Securities Inc., Mesirow Financial Inc. and Stephens Inc. (co-managers); 2010A-1 bonds due 2016 to 2018; 2010A-2 bonds due 2019 to 2043; 2010B-1 bonds due 2015 to 2018; 2010B-2 bonds due 2019 to 2043; proceeds to acquire land, design, construct, equip and open a convention center in Nashville.

• $11.7 million series 2010A-1 tourism tax revenue bonds

• $191.075 million series 2010A-2 tourism tax revenue Build America Bonds

• $16.77 million series 2010B-1 subordinate tourism tax revenue bonds

• $413.78 million series 2010B-2 subordinate tourism tax revenue Build America Bonds

DEKALB COUNTY HOSPITAL AUTHORITY/DEKALB MEDICAL CENTER INC. (GEORGIA): $181.1 million series 2010 revenue anticipation certificates (//BBB); negotiated; Raymond James & Associates Inc. (lead); certificates due 2011 to 2015 with term bonds due 2020, 2030 and 2040; proceeds to fund renovations to DeKalb Medical Center in Decatur, Ga.

ILLINOIS FINANCE AUTHORITY/ALEXIAN BROTHERS HEALTH SYSTEM: $135.97 million series 2010 revenue bonds (A3//A-); negotiated; Bank of America Merrill Lynch (lead); Cabrera Capital Markets LLC and Loop Capital Markets LLC (co-managers); proceeds to reimburse the health system for costs associated with upgrading St. Alexius Medical Center in Chicago and other upgrades made to Alexian Brothers hospitals, as well as refund existing debt.

INDUSTRIAL DEVELOPMENT AUTHORITY OF ARLINGTON COUNTY (VIRGINIA)/VIRGINIA HOSPITAL CENTER ARLINGTON: $145 million series 2010 fixed-rate hospital revenue refunding bonds (A2/A+/); negotiated; Bank of America Merrill Lynch and Morgan Stanley & Co. Inc. (lead); BB&T Capital Markets and Wells Fargo Securities Inc. (co-managers); bonds due 2010 to 2020 with 2025 and 2031; proceeds to fund a loan to refund hospital's series 2005 bonds.

MAINE HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY: $95 million series 2010A revenue bonds (Aa3//AA); negotiated; Bank of America Merrill Lynch and Morgan Stanley & Co. Inc. (lead); Wells Fargo Securities Inc., Barclays Capital Inc. and Cain Brothers (co-managers); proceeds to make a deposit to construction fund and refund debt.

MASSACHUSETTS DEPARTMENT OF TRANSPORTATION: $867.125 million series 2010 metropolitan highway system revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); Bank of America Merrill Lynch, Barclays Capital Inc. and J.P. Morgan Securities Inc. (co-managers); 2010A-1 bonds due 2029; 2010A-2 bonds due 2037; 2010A-3 bonds due 2039; 2010A-4 bonds due 2039;2010A-5 bonds due 2039; 2010A-6 bonds due 2039; 2010A-7 bonds due 2029; 2010B bonds due 2020 to 2030 with term bond due 2035; proceeds to refund departments series 1997 and 1999 bonds.

• $592.335 million series 2010A-1 through 2010A-7 variable-rate demand obligations

• $274.79 million series 2010B bonds

MEMPHIS (TENNESSEE): $69.07 million series 2010 general improvement bonds (A1/AA/A+); negotiated; Loop Capital Markets LLC (lead); Duncan-Williams Inc. and Rice Financial Products Co. (co-managers); 2010A bonds due 2013 to 2022; 2010B bonds due 2022 to 2030; proceeds to fund capital improvements throughout the city.

• $28.995 million series 2010A

• $40.075 million series 2010B Build America Bonds

MUSCOGEE COUNTY SCHOOL DISTRICT (GEORGIA): $52.015 million series 2010 general obligation sales tax bonds (/AA+/); negotiated; Baird & Co. Inc. (lead); bonds due 2011 to 2013; proceeds to acquire, construct and equip new school buildings, construction one or two new elementary schools, construct a replacement for Carver High School and provide upgrades for several other schools.

ORLANDO COMMUNITY REDEVELOPMENT AGENCY (FLORIDA): $75.48 million series 2010 tax increment revenue bonds (A2/A/A); negotiated; Bank of America Merrill Lynch and Morgan Stanley & Co. Inc. (lead); Citigroup Global Markets Inc., Rice Financial Products Co. and Wells Fargo Securities Inc. (co-managers); proceeds to construct a performing arts center in downtown Orlando.

• $7.51 million series 2010A downtown district tax-exempt bonds

• $67.97 million series 2010B downtown district Build America Bonds

PALM BEACH COUNTY HEALTH FACILITIES AUTHORITY/BETHESDA HEALTHCARE SYSTEM INC. (FLORIDA): $130 million series 2010A health facilities revenue bonds (Aa3/AAA/); negotiated; Barclays Capital Inc. and BB&T Capital Markets (lead); proceeds to refund existing bonds.

RHODE ISLAND AND PROVIDENCE PLANTATIONS: $78.6 million series 2010A consolidated capital development loan general obligation bonds; negotiated; Bank of America Merrill Lynch and Janney Montgomery Scott LLC (lead); Morgan Stanley & Co. Inc., Ramirez & Co. Inc., J.P. Morgan Securities Inc., Oppenheimer & Co. Inc. and Roosevelt & Cross Inc. (co-managers); bonds due 2010 to 2020; proceeds to refund existing bonds.

TALLAHASSEE (FLORIDA): $115.64 million series 2010 energy system revenue refunding bonds (Aa3/AA/AA-); negotiated; Bank of America Merrill Lynch (lead); J.P. Morgan Securities Inc., RBC Capital Markets Corp. and Ramirez & Co. Inc. (co-managers); bonds due 2016 to 2028; proceeds to refund all or a portion of the city's outstanding energy system revenue bonds, as well as refund its series 1998A and 1998B bonds.

WARREN CONSOLIDATED SCHOOLS DISTRICT (MICHIGAN): $50.38 million series 2010 school building and site general obligation bonds; negotiated; Fifth Third Securities Inc. (lead); Edward Jones & Co. (co-manager); proceeds to construct new school buildings, acquire land on which to construct new school facilities and renovate existing school facilities.

• $35.38 million series 2010A Build America Bonds

• $15 million series 2010B taxable qualified school construction bonds

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