Municipals Calendar: Michigan plans $60 million G.O. sale

WEEK OF APRIL 5

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; pricing week of April 5.

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; pricing week of April 5.

APRIL 14

MICHIGAN: $60 million series 2010A general obligation school loan bonds (Aa3/AA-/); competitive; Robert W. Baird & Co. Inc. (financial adviser); bonds due April 15, 2012; proceeds to fund capital improvements to schools throughout the state; pricing April 14.

ON THE HORIZON

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.

CATHOLIC HEALTHCARE PARTNERS/COUNTY OF ALLEN (OHIO): $450 million hospital facilities revenue bonds (A1/AA-/AA-); negotiated; J.P. Morgan and Morgan Stanley & Co. Inc. (leads); Bank of America Merrill Lynch; Edward D. Jones & Co. LP; Fifth Third Securities Inc. and Wells Fargo Securities Inc. (co-managers); proceeds to refund outstanding revenue bonds, refinance existing interim debt and finance new hospital projects.

• $110 million series 2010A

• $340 million series 2010B

CHICAGO/CHICAGO O'HARE INTERNATIONAL AIRPORT: $1,167,135,000 series 2010 revenue bonds (A1/A-/A); negotiated; Bank of America Merrill Lynch (lead); Barclays Capital Inc., Cabrera Capital Markets LLC, Melvin & Co., BMO Capital Markets , Duncan-Williams Inc., George K. Baum & Co., Jackson Securities Inc., Jefferies & Co. Inc., Loop Capital Markets LLC, M.R. Beal & Co. Inc., Podesta & Co. and William Blair & Co. (co-managers); proceeds to refund commercial paper notes, as well as modernize Chicago O'Hare International Airport.

• $112.67 million series 2010A general airport third lien non-AMT revenue bonds

• $557.18 million series 2010B general airport third lien Build America Bonds

• $175.83 million series 2010C general airport third lien non-AMT bonds

• $55.38 million series 2010D general airport third lien revenue refunding bonds

• $45.915 million series 2010E general airport third lien revenue refunding bonds

• $92.9 million series 2010F general airport third lien non-AMT revenue bonds

• $41.345 million series 2010A passenger facility charge non-AMT bonds

• $48.76 million series 2010B passenger facility charge non-AMT bonds

• $21.95 million series 2010C passenger facility charge taxable bonds

• $15.205 million series 2010D passenger facility charge refunding bonds

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

CLEAN WATER SERVICES/WASHINGTON COUNTY (OREGON): $99.51 million senior lien sewer revenue bonds (Aa3/AA/); negotiated; Bank of America Merrill Lynch (lead); Fidelity Capital Markets LLC (co-manager); proceeds to finance improvements to the sewer system and to fund a debt service

• $5.95 million series 2010A bonds due 2013-2014

• $93.56 million series 2010B Build America Bonds due 2015-2025 and terms in 2030 and 2035

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.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/VASSAR COLLEGE: $50 million series 2010 revenue bonds (Aa2/AA/); negotiated; J.P. Morgan Securities Inc. (lead); proceeds to renovate, construct, improve and repair campus facilities, including student housing, athletic facilities and academic facilities at Vassar College in Poughkeepsie.

NORTH CAROLINA MEDICAL CARE COMMISSION/DUKE UNIVERSITY HEALTH SYSTEM: $120 million series 2010A health care facilities revenue bonds (Aa2/AA/AA); negotiated; Citigroup Global Markets Inc. (lead); J.P. Morgan Securities Inc., Bank of America Merrill Lynch, SunTrust Robinson Humphrey and Wells Fargo Securities Inc. (co-managers); proceeds to fund costs of additional health care facilities.

OHIO: $170 million series 2010 general obligation highway capital improvement bonds (Aa2/AAA/AA+);negotiated; Morgan Stanley & Co. Inc. (lead); Fifth Third Securities Inc., William Blair & Co. Inc., Fidelity Capital Markets LLC, KeyBanc Capital Markets, Loop Capital Markets LLC, The Huntington Investment Co. and PNC Capital Markets LLC (co-managers); proceeds to fund improvements to state highways.

• $165 million series M Build America Bonds

• $5 million series N tax-exempt bonds

PUBLIC UTILITY DISTRICT NO. 2 OF GRANT COUNTY (WASHINGTON): $344.555 million series 2010 Priest Rapids Hydroelectric Project revenue and refunding bonds (Aa3/AA-/AA); negotiated; Citigroup Global Markets Inc. (lead); J.P. Morgan Securities Inc. and Goldman, Sachs & Co. (co-managers); 2010A bonds due 2011 to 2023; 2010B bonds due 2011 to 2018; 2010L bonds due 2020, 2025, 2030 and 2040; 2010M bonds due 2027; 2010Z bonds due 2020, 2025, 2030 and 2040; proceeds to finance improvements to the Priest Rapids project, as well as refund debt.

• $39.475 million series 2010A non-AMT bonds

• $10.935 million series 2010B AMT bonds

• $166.445 million series 2010L Build America Bonds

• $90 million series 2010M new clean renewable energy bonds

• $37.7 million series 2010Z taxable bonds

RHODE ISLAND CLEAN WATER FINANCE AGENCY: $75.375 million series 2010A water pollution control refunding revenue bonds; negotiated; Janney Montgomery Scott LLC and Morgan Stanley & Co. Inc. (lead); Barclays Capital Inc. and Citigroup Global Markets Inc. (co-managers); bonds due 2011 to 2023; proceeds to fund clean water initiatives.

STATE PUBLIC WORKS BOARD OF THE STATE OF CALIFORNIA: $499.935 million series 2010 lease revenue bonds (A1/BBB+/BBB+); negotiated; RBC Capital Markets Corp. and Southwest Securities Inc. (lead); BMO Capital Markets GKST; Alta Vista Financial Inc.; Brandis Tallman LLC; Backstrom McCarley Berry & Co. LLC; Chilton & Associates; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; Grigsby & Associates Inc.; Jefferies & Co.; Piper Jaffray & Co.; Ramirez & Co. Inc.; Rice Financial Products Co.; Roberts & Ryan Investments Inc.; Stifel, Nicolaus & Co. Inc.; and William Blair & Co. (co-managers); proceeds to fund a variety of capital projects at the University of California's campuses.

UNIVERSITY OF PITTSBURGH: $118 million tax-exempt Pitt Asset Notes-Tax-Exempt Higher Education Registered Series 2010 (MIG1/SP-1+/); negotiated; Barclays Capital Inc.; due in 2011; proceeds to finance capital expenditures and refunding $78 million of the university's outstanding series 2007 PANTHERS.

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

© 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.