Municipals Calendar: Minnesota plans $899.7 million bond sale

WEEK OF SEPTEMBER 6

SEPTEMBER 7

MINNESOTA: $899.68 million series 2010 general obligation state bonds (Aa1/AAA/AAA); negotiated; RBC Capital Markets Corp. (lead); Barclays Capital Inc., Bank of America Merrill Lynch, Morgan Stanley & Co. Inc., Piper Jaffray & Co., Wells Fargo Securities LLC, Citigroup Global Markets Inc., Cronin & Co., Dougherty & Co., Fidelity Capital Markets Inc., Goldman, Sachs & Co., Jefferies & Co., J.P. Morgan Securities Inc., Loop Capital Markets LLC, Raymond James & Associates Inc. and Robert W. Baird & Co. (co-managers); 2010D bonds due 2011 to 2024; 2010E bonds due 2011 to 2024; proceeds to refund existing debt; pricing Sept. 7.

• $681.2 million series 2010D various purpose refunding bonds

• $218.48 million series 2010E state trunk highway refunding bonds

SEPTEMBER 8

UNIVERSITY SYSTEM OF MARYLAND: $50.64 million series 2010C refunding auxiliary facility and tuition revenue bonds; competitive; Public Financial Management, Inc. (financial adviser); serial maturities from 2011 through 2023; proceeds to advance refund certain maturities from the outstanding series 2002A, 2003A, 2004A and 2005A bonds; pricing Sept. 8.

OCTOBER 26

MCCRACKEN COUNTY/SCHOOL DISTRICT FINANCE CORP. (KENTUCKY): $55 million school building revenue bonds; competitive; J.J.B. Hilliard, W.L. Lyons, LLC (fiscal agent); pricing Oct. 26.

ON THE HORIZON

ARKANSAS STUDENT LOAN AUTHORITY: $267.5 million series 2010-1 student loan asset-backed Libor floating-rate notes (Aaa//AAA); negotiated; RBC Capital Markets Corp. and Bank of America Merrill Lynch (lead); notes due Nov. 25, 2043; proceeds to finance student loans.

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.

FORSYTH COUNTY (NORTH CAROLINA): $199.625 million series 2010 general obligation bonds (Aaa/AAA/AAA); negotiated; Bank of America Merrill Lynch and Stephens Inc. (lead); 2010A bonds due 2012 to 2021; 2010B bonds due 2012 to 2020; 2010C bonds due 2021 to 2025 with term bond due 2030; 2010D bonds due 2027; 2010E bonds due 2011 to 2023; proceeds to finance capital improvements, including construction of new schools, as well as to refund county's series 2003A-B, 2007 and 2008 bonds.

• $14.225 million series 2010A G.O. public improvement bonds

• $41.195 million series 2010B G.O. public improvement bonds

• $75.8 million series 2010C Build America Bonds

• $26.405 million series 2010D taxable qualified school construction bonds

• $42 million series 2010E G.O. refunding bonds

ILLINOIS FINANCE AUTHORITY/GREENFIELDS OF GENEVA: $117.48 million series 2010 revenue bonds; negotiated; Ziegler Capital Markets (lead); 2010B bonds due Feb. 15, 2017; 2010C-1 bonds due Feb. 15, 2017; 2010C-2 bonds due Feb. 15, 2016; 2010C-3 bonds due Feb. 15, 2016; proceeds to reimburse Greenfields of Geneva for construction of a senior living facility in Geneva, Ill., as well as to provide working capital for facility.

• $88.48 million series 2010A

• $5 million series 2010B accelerated redemption reset option securities

• $4.575 million series 2010C-1 tax-exempt mandatory paydown securities

• $8.35 million series 2010C-2 tax-exempt mandatory paydown securities

• $11.075 million series 2010C-3 tax-exempt mandatory paydown securities

IMPERIAL IRRIGATION DISTRICT (CALIFORNIA): $250 million series 2010B Build America Bonds electric system revenue certificates of participation (A1/AA-/); negotiated; Citigroup Global Markets Inc. and Goldman, Sachs & Co. (lead); Barclays Capital Inc. and De La Rosa & Co. (co-managers); certificates due 2018 to 2040; proceeds to finance the El Centro Unit 3 Repower Project, which will provide an additional 100 megawatts of generation capacity to the El Centro Generating Station.

JURUPA PUBLIC FINANCING AUTHORITY (CALIFORNIA): $86.23 million series 2010 revenue bonds (/A-/); negotiated; Stone & Youngberg (lead); Piper Jaffray & Co. (co-manager); proceeds to fund loans to public entities for general capital improvements.

• $67.26 million series 2010A superior-lien bonds

• $18.97 million series 2010B subordinate-lien bonds

MIAMI-DADE COUNTY (FLORIDA): $217.26 million series 2010 transit system sales surtax revenue bonds; negotiated; Loop Capital Markets LLC (lead); Barclays Capital Inc., M.R. Beal & Co. Inc., Rice Financial Products Co., Wells Fargo Securities LLC, Estrada Hinojosa & Co. Inc., Jackson Securities Inc., Morgan Stanley & Co. Inc., RBC Capital Markets Corp., Siebert Brandford Shank & Co. LLC, Stifel, Nicolaus & Co. Inc. and Ramirez & Co. Inc. (co-managers); proceeds to finance bus service, rapid transit and major highway improvements.

• $13.39 million series 2010A bonds

• $203.87 million series 2010B Build America Bonds

MISSISSIPPI BUSINESS FINANCE CORP.: $100 million series 2010 Gulf Opportunity Zone industrial development bonds (Aaa/VMIG1); negotiated; SunTrust Robinson Humphrey and Natixis Securities North America Inc. (lead); bonds due Aug. 1, 2035; proceeds to construct, install and equip the Southern Pines Energy Center, a 40 billion cubic-foot natural gas storage facility in Green County, Miss.

NORTH CAROLINA MEDICAL CARE COMMISSION/CAROMONT HEALTH CARE SYSTEM: $106 million series 2010 revenue bonds (Aa3/AAA/); negotiated; Bank of America Merrill Lynch (lead); proceeds to finance capital projects for Gastonia Memorial Hospital.

PRINCETON CITY SCHOOL DISTRICT (OHIO): $108,739,914 series 2010 school improvement general obligation bonds (/AA+/); negotiated; Baird & Co. (lead); 2010B bonds due 2012 to 2022; 2010C bonds due 2022 to 2024 with term bonds due 2030, 2035, 2040 and 2047; proceeds to improve and construct school facilities.

• $2,999,914 series 2010B tax-exempt bonds

• $105.74 million series 2010C Build America Bonds

STATE OF FLORIDA/STATE BOARD OF EDUCATION: $58.95 million series 2010A full faith and credit capital outlay bonds; competitive; 18-hour notice, bonds may be sold beginning Sept. 13.

STATE OF FLORIDA/STATE BOARD OF EDUCATION: $245 million in lottery revenue refunding bonds; competitive; 18-hour notice.

TALLAHASSEE (FLORIDA): $142.95 million series 2010 consolidated utility system revenue bonds (Aa1/AA+/AA+); negotiated; J.P. Morgan Securities Inc. (lead); Bank of America Merrill Lynch, Loop Capital Markets LLC and RBC Capital Markets Corp. (co-managers); 2010A bonds due 2040; 2010B bonds due 2015 to 2028; proceeds to construct and acquire capital improvements to the city's utility system, as well as pay capitalized interest through Oct. 1, 2011.

• $110.875 million series 2010A Build America Bonds

• $32.075 million series 2010B tax-exempt bonds

TOHOPEKALIGA WATER AUTHORITY (FLORIDA): $95 million series 2010A utility system revenue refunding bonds (Aa3/AAA/); negotiated; FirstSouthwest Co. (lead): proceeds to refund existing debt issued to improve and expand utility system.

TORRANCE (CALIFORNIA)/TORRANCE MEMORIAL MEDICAL CENTER: $135 million series 2010A revenue bonds (A2/A+/); negotiated; Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. (lead); proceeds to finance and reimburse the medical center for certain of its health care facilities.

UNIVERSITY OF AKRON (OHIO): $142.7 million series 2010 general receipts bonds (Aa3/AAA/); negotiated; Morgan Stanley & Co. Inc. (lead); Fifth Third Securities Inc., PNC Capital Markets LLC, Blaylock Robert Van LLC and KeyBanc Capital Markets LLC (co-managers); 2010A bonds due 2011 to 2023 with term bond due 2029; 2010B bonds due 2029; proceeds to refund university's outstanding series 2008C bonds.

• $135.7 million series 2010A tax-exempt bonds

• $7 million series 2010B Build America Bonds

WASHINGTON HEALTH CARE FACILITIES AUTHORITY/SEATTLE CHILDREN'S HOSPITAL: $118.27 million series 2010 revenue bonds (Aa3//AA); negotiated; Goldman, Sachs & Co. (lead); J.P. Morgan Securities Inc. and Bank of America Merrill Lynch (co-managers); 2010A bonds due 2035 and 2040; 2010B bonds due 2011 to 2022; proceeds to reimburse the Seattle Children's Hospital for its acquisitions of real property, which will be developed and used by the hospital, as well as to refund its series 1998 bonds.

• $75 million series 2010A revenue bonds

• $43.27 million series 2010B refunding revenue bonds

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