Municipals Calendar: New York City Transitional Finance to sell $1.14 billion

WEEK OF MAY 17

MAY 18

NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY: $1.14 billion series 2010 future tax secured bonds; negotiated; Bank of America Merrill Lynch (lead); Barclays Capital Inc.; Citigroup Global Markets Inc.; Goldman Sachs & Co.; J.P. Morgan Securities Inc.; Morgan Stanley & Co. Inc; Cabrera Capital Markets Inc.; Fidelity Capital Markets Inc.; Jackson Securities Inc.; Jefferies & Co.; Loop Capital Markets LLC; M.R. Beal & Co. Inc.; Ramirez & Co. Inc.; Rice Financial Products Co.; Roosevelt & Cross Inc.; Siebert Brandford Shank & Co. LLC; Wells Fargo Bank, NA; Morgan Keegan & Co. Inc.; Oppenheimer & Co. Inc.; Raymond James & Associates Inc.; RBC Capital Markets Corp.; Southwest Securities Inc.; Stifel, Nicolaus & Co.; and Stone & Youngberg (co-managers); proceeds to construct, renovate, rehabilitate and repair public school facilities and to refund debt; pricing May 18.

• $342 million series 2010G-1 Build America Bonds

• $78 million series 2010G-2 Build America Bonds

• $250 million series 2010G-3 taxable qualified school construction bonds

• $70 million series 2010G-4 taxable subordinate bonds

• $35 million in series 2010H tax-exempt subordinate bonds

• $20 million series 2010I-1 taxable subordinate bonds

• $345 million series 2010I-2 tax-exempt subordinate bonds

MAY 19

LOUISVILLE AND JEFFERSON COUNTY METROPOLITAN DISTRICT (KENTUCKY): $226.34 million series 2010A sewer and drainage system subordinated bond anticipation notes (MIG1/SP-1+/F1+); competitive; First American Municipals Inc. (financial adviser); bonds due May 26, 2011; proceeds to retire district's series 2009A bonds, which were used to refund series 1999A revenue bonds; pricing May 19.

PENNSYLVANIA: $1 billion second series 2010 general obligation bonds; competitive; Public Financial Management Inc. (financial adviser); 2010A bonds due 2011 to 2021; 2010B bonds due 2022 to 2030; proceeds to fund open space initiatives, the construction, renovation and rehabilitation of capital projects and the renovation of water supply and sewer systems; pricing May 19.

• $451.1 million series 2010A tax-exempt bonds

• $548.9 million series 2010B Build America Bonds

ON THE HORIZON

AMHERST DEVELOPMENT CORP. (NEW YORK): $84.72 million series 2010A tax-exempt student housing facility revenue bonds (Aa3/AAA/); negotiated; George K. Baum & Co. (lead); bonds due 2010 to 2025 with term bonds due 2030, 2040 and 2045; proceeds to construct suite-style student housing complex at university.

BOARD OF TRUSTEES OF MICHIGAN STATE UNIVERSITY: $205 million series 2010B general revenue tax-exempt bonds (Aa2/AA/); negotiated; Bank of America Merrill Lynch and J.P. Morgan Securities Inc. (lead); 2010A bonds are due 2044 to 2050; proceeds to construct, furnish and equip replacement for Morrill Hall; renovate, remodel and equip Brody, Bailey and Emmons halls; and upgrade the university's power plant.

BOARD OF TRUSTEES OF MICHIGAN STATE UNIVERSITY: $229.01 million series 2010C general revenue refunding bonds (Aa2/AA/); negotiated; Bank of America Merrill Lynch (lead); J.P. Morgan Securities Inc. (co-manager); serial maturities from 2011 to 2025 and 2034 to 2044; proceeds to refund and retire $117 million of the board's series A commercial paper notes and a portion of the outstanding variable-rate bonds.

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.

CLEVELAND CITY SCHOOL DISTRICT (OHIO): $113.44 million series 2010 school improvement refunding bonds (Aa2/AA-/); negotiated; RBC Capital Markets Corp. (lead); Blaylock Robert Van LLC (co-managers); bonds due 2013 to 2030; proceeds to refund bond anticipation notes and to refund series 2002 bonds.

CLEVELAND COUNTY EDUCATIONAL FACILITIES AUTHORITY (OKLAHOMA): $63.315 million series 2010 educational facilities lease revenue bonds; negotiated; D.A. Davidson & Co. (lead); BOSC Inc. and Wells, Nelson & Associates LLC (co-managers); bonds due 2011 to 2014; proceeds to finance classroom additions, classroom renovations and equipment purchases at schools throughout Norman, Okla.

COLUMBUS-FRANKLIN COUNTY FINANCE AUTHORITY (OHIO): $158.065 million series 2010A taxable research development revenue bonds (/AA-/); negotiated; RBC Capital Markets Corp. (lead); bonds due 2015 to 2021 with term bond due 2027; proceeds to refinance debt.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $341.44 million series 2010 school district revenue bond financing program revenue bonds; negotiated; Roosevelt & Cross Inc., Jefferies & Co. and RBC Capital Markets Corp. (lead); Bank of America Merrill Lynch; Citigroup Global Markets Inc.; Duncan-Williams Inc.; Fidelity Capital Markets Inc.; Janney Montgomery Scott LLC; J.P. Morgan Securities Inc.; Morgan Keegan & Co. Inc.; Morgan Stanley & Co. Inc.; Ramirez & Co. Inc.; Siebert Brandford Shank & Co. LLC; Stifel, Nicolaus & Co. Inc.; and Wells Fargo Securities LLC (co-managers); proceeds to finance school district capital costs and equipment purchase costs, as well as refinance school district bond anticipation notes.

• $260.075 million series 2010A (A1/A+/A+)

• $54.19 million series 2010B (A2/A+/A+)

• $22.705 million series 2010C (A1/A+/A+)

• $4.47 million series 2010D (A3/A+/A+)

EAST BATON ROUGE SEWERAGE COMMISSION (LOUISIANA): $375.375 million series 2010 revenue bonds (Aa2/AA-/AA); negotiated; J.P. Morgan Securities Inc. and Citigroup Global Markets Inc. (lead); are Jackson Securities Inc.; Loop Capital Markets LLC; Morgan Keegan & Co. Inc.; Siebert Brandford Shank & Co. LLC; and Stephens Inc. (co-managers); 2010A bonds due 2011 to 2014; 2010B bonds due 2015 to 2025 with term bonds due 2030 and 2045; proceeds to improve, expand, acquire and construct improvements to the sewerage system in East Baton Rouge.

• $15.52 million series 2010A tax-exempt bonds

• $359.855 million series 2010B Build America Bonds

ECTOR COUNTY HOSPITAL DISTRICT (TEXAS): $54.915 million series 2010 revenue bonds (/AA-/AA-); negotiated; Bank of America Merrill Lynch and Wells Fargo Securities Inc. (lead); proceeds to refund Medical Center Hospital's series 2002A bonds.

EVANSVILLE, IND.: $123.805 million series 2010 lease rental revenue bonds (A1/A/); negotiated; Hilliard Lyons (lead); City Securities Corp. and Fifth Third Securities Inc. (co-managers); 2010A bonds due 2014 to 2016; 2010B bonds due 2017 to 2025 with term bonds due 2029, 2034 and 2039; proceeds to acquire real property upon which the city plans to construct an arena, as well as refund debt.

• $8.94 million series 2010A tax-exempt bonds

• $114.865 million series 2010B taxable Build America Bonds

HOUSTON HIGHER EDUCATION FINANCE CORP./RICE UNIVERSITY: $97.225 million series 2010A higher education revenue bonds (Aaa/AAA/); negotiated; J.P. Morgan Securities Inc. and Ramirez & Co. Inc. (lead); proceeds to construct a BioScience Research Collaborative, construct additional student housing and construct academic buildings at the university.

ILLINOIS FINANCE AUTHORITY/PALOS COMMUNITY HOSPITAL: $151.02 million series 2010C revenue bonds (//AA-); negotiated; Goldman Sachs & Co. and Cabrera Capital Markets LLC (lead); proceeds to construct, acquire and equip a new patient tower at Palos Community Hospital in Palos Heights, Ill., as well as renovate and expand existing facilities at the hospital.

INDIANA UNIVERSITY: $88.885 million series 2010 revenue bonds (Aaa/AA/); negotiated; J.P. Morgan Securities Inc. (lead); Morgan Stanley & Co. Inc.; City Securities Corp.; and Cabrera Capital Markets LLC (co-managers); 2010A bonds due 2011 to 2014; 2010B bonds due 2015 to 2025 with term bonds due 2030 and 2035; proceeds to renovate several buildings on university's Bloomington, Ind., campus, as well as construct a parking structure at the Indianapolis campus.

• $10.66 million series 2010A tax-exempt bonds

• $78.225 million series 2010B Build America Bonds

LOUISIANA $103.125 million series 2010A gasoline and fuels tax second-lien revenue refunding bonds (/AA/); negotiated; Morgan Keegan & Co. Inc. (lead); bonds due May 1, 2043; proceeds to refund existing debt.

MASSACHUSETTS DEPARTMENT OF TRANSPORTATION: $1,101,530,000 series 2010 metropolitan highway system revenue bonds; negotiated; J.P. Morgan Securities Inc. (lead for 2010A); Citigroup Global Markets Inc. (lead for 2010B); Bank of America Merrill Lynch; Barclays Capital Inc.; Fidelity Capital Markets LLC; Janney Montgomery Scott LLC; Loop Capital Markets LLC; Mesirow Financial Inc.; Siebert Brandford Shank & Co. LLC; and Wells Fargo Securities LLC (co-managers); 2010A bonds due Jan. 1, 2037; 2010B bonds due 2011 to 2027 with term bonds due 2032 and 2037; proceeds to offset payments under a swap agreement entered with UBS Financial Services Inc., as well as refund series 1997 bonds.

• $100 million series 2010A-1 variable-rate bonds

• $107.665 million series 2010A-2 variable-rate bonds

• $893.865 million series 2010B bonds

MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/UMASS MEMORIAL MEDICAL CENTER INC.: $59.97 million series 2010G revenue bonds (Baa1/BBB+/); negotiated; Morgan Stanley & Co. Inc. and Bank of America Merrill Lynch (lead); bonds due 2011 to 2022; proceeds to refund debt.

MCLEAN COUNTY (NORTH DAKOTA): $83 million series 2010 solid waste facilities revenue bonds (A3/A-/A-); negotiated; Goldman, Sachs & Co. (lead); 2010B bonds due July 1, 2040; 2010C bonds due July 1, 2038; proceeds to fund capital expenditures at the Spiritwood Station solid waste facility.

• $50 million series 2010B non-AMT bonds

• $33 million series 2010C AMT bonds

METROPOLITAN WASHINGTON AIRPORTS AUTHORITY: $400 million series 2010 Dulles Toll Road revenue bonds and Dulles Metrorail and capital improvement revenue bonds; negotiated; Citigroup Global Markets Inc. and Morgan Stanley & Co. Inc. (lead); proceeds to fund road improvements and capital improvements for the Dulles Metrorail project at Washington Dulles International Airport.

NEW ORLEANS AVIATION BOARD: $54.555 million revenue bonds (//A-); negotiated; Melvin & Co. (lead); Morgan Keegan & Co., Inc. (co-manager); proceeds to fund interior and exterior improvements to existing airport terminals, including expansion of Concourse D and improvements to the baggage claim areas.

• Series 2010A Gulf Opportunity Zone revenue bonds due 2021 to 2026 with term bonds due 2031, 2036 and 2041

• Series 2010B revenue bonds due 2038

NEW YORK MUNICIPAL BOND BANK AGENCY: $118.595 million series 2010 recovery act bonds; negotiated; Jefferies & Co. and Goldman, Sachs & Co. (lead); Bank of America Merrill Lynch, Loop Capital Markets LLC, Roosevelt & Cross Inc. and Siebert Brandford Shank & Co. LLC (co-managers); 2010A-1 bonds due 2011 to 2017; 2010A-2 bonds due 2018 to 2025 with term bond due 2035; 2010B-1 bonds due 2011 to 2020; 2010B-2 bonds due 2020 to 2025; proceeds to purchase local American Recovery and Reinvestment Act bond.

• $28.58 million series 2010A-1 tax-exempt bonds

• $37.545 million series 2010A-2 federally taxable bonds

• $27.81 million series 2010B-1 tax-exempt bonds

• $24.66 million series 2010B-2 federally taxable bonds

NORTH CAROLINA STATE UNIVERSITY AT RALEIGH: $77.505 million series 2010 general revenue bonds; negotiated; J.P. Morgan Securities Inc. (lead); Loop Capital Markets LLC and Morgan Keegan & Co. Inc. (co-managers); proceeds to finance acquisition, construction, improvement and equipment of athletic facilities, dining facilities, a student health center and a parking deck, as well as the expansion and improvement of the Terry Veterinary Hospital.

NORTH DAKOTA HOUSING FINANCE AGENCY: $80 million series 2010 homeownership revenue bonds (Aa3); negotiated; RBC Capital Markets Corp. (lead); Morgan Stanley & Co. Inc., Bank of America Merrill Lynch & Co. and Piper Jaffray & Co. (co-managers); 2010A bonds due July 1, 2041; 2010B bonds due 2011 to 2020 with term bonds due 2026 and 2028; proceeds to fund single-family housing loans.

• $48 million series 2010A home mortgage finance program bonds

• $32 million series 2010B home mortgage finance program bonds

NORTH TEXAS HIGHER EDUCATION AUTHORITY INC.: $207.2 million series 2010-1 student loan revenue floating-rate bonds (/AAA/AAA); negotiated; Bank of America Merrill Lynch (lead); class A-1 bonds due July 1, 2019; class A-2 bonds due July 1, 2030; proceeds to fund student loans.

• $113.96 million class A-1 bonds

• $93.24 million class A-2 bonds

OHIO: $215 million series 2010 major new state infrastructure project revenue bonds (Aa1/AA/AA-); negotiated; Bank of America Merrill Lynch (lead); KeyBanc Capital Markets Inc.; Siebert Brandford Shank & Co. LLC; Rice Financial Products Co.; Loop Capital Markets LLC; Mesirow Financial Inc.; Ross, Sinclaire & Associates Inc; Stifel, Nicolaus & Co. Inc.; and Wells Fargo Securities Inc. (co-managers); 2010-1 bonds due 2011 to 2015 and 2010-2 bonds due 2016 to 2021; proceeds to finance bridge and highway improvement projects throughout the state.

• $97.73 million series 2010-1 tax-exempt bonds

• $117.27 million series 2010-2 Build America Bonds

PUERTO RICO ELECTRIC POWER AUTHORITY: $350 million series YY power revenue Build America Bonds (A3/BBB+/BBB+); negotiated; Santander Securities (lead); Popular Securities, UBS Financial Services Inc. of Puerto Rico, Barclays Capital Inc., BBVAPR MSD, Bank of America Merrill Lynch, Citigroup Global Markets Inc., First Bank Securities, Oriental Financial Services, Raymond James & Associates Inc., Samuel A. Ramirez & Co. and Wells Fargo Securities LLC; bonds due 2040; proceeds to fund capital improvement, as well as refund existing power revenue 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.

TEXAS PUBLIC FINANCE AUTHORITY CHARTER SCHOOL FINANCE CORP.: $50.09 million series 2010A education revenue bonds (/BBB/); negotiated; Morgan Keegan & Co. Inc. (lead); Jefferies & Co. (co-manager); bonds due 2030 and 2040; proceeds finance construction and improvement projects at charter schools in

Texas.

UNIVERSITY OF CHICAGO: $300 million series 2010 taxable fixed-rate bonds (Aa1//AA+); negotiated; Bank of America Merrill Lynch (lead); Morgan Stanley & Co. Inc. and Wells Fargo Securities LLC (co-managers); bonds due 2022 to 2024 and 2026 with term bond due 2030; proceeds to finance, refinance or reimburse university for various capital expenditures.

WASHINGTON STATE: $1.1 billion series 2010F motor vehicle fuel tax general obligation bonds (Aa1/AA+/AA+); negotiated; J.P. Morgan Securities Inc. (lead); Bank of America Merrill Lynch; Barclays Capital Inc.; Citigroup Global Markets Inc.; Goldman Sachs & Co.; and Morgan Stanley & Co. Inc. (co-managers); proceeds to reimburse state for highway and transportation improvements.

© 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.