Municipals Calendar: Hudson Yards preps $1 billion bond deal

WEEK OF OCTOBER 17

OCTOBER 17

HUDSON YARDS INFRASTRUCTURE CORP. (NEW YORK): $1 billion series 2011 bonds; negotiated; J.P. Morgan Securities LLC (lead); Goldman, Sachs & Co. and Barclays Capital Inc. (co-managers); proceeds to pay for the extension of the Number 7 subway line from its current terminus at Eighth Avenue to the Hudson Yards Redevelopment Area and to pay for other infrastructure needs, including park development and other amenities; pricing Oct. 17.

OCTOBER 18

VIRGINIA COLLEGE BUILDING AUTHORITY: $156.295 million series 2011A educational facilities revenue bonds; competitive; Public Resources Advisory Group LLC (financial adviser); bonds due 2012 to 2036; proceeds to finance construction projects for participating institutions; pricing Oct. 18.

OCTOBER 19

BROWARD COUNTY SCHOOL DISTRICT (FLORIDA): $125 million series 2011 tax anticipation notes (MIG 1); competitive; Public Financial Management Inc. and Fidelity Financial Services LC (financial advisers); notes due Jan. 25, 2012; proceeds to fund operating expenses ahead of the collection of ad valorem taxes; pricing Oct. 19.

NOVEMBER

CALIFORNIA STATE PUBLIC WORKS BOARD: $100 million series 2011 taxable lease revenue bonds; pricing in November.

CALIFORNIA STATE PUBLIC WORKS BOARD: $176 million taxable and tax-exempt bonds; pricing in November.

ON THE HORIZON

ALACHUA COUNTY HEALTH FACILITIES AUTHORITY (FLORIDA): $145.27 million of health facilities revenue bonds; negotiated; Ziegler Capital Markets (lead); proceeds for the construction, development, acquisition of land and equipping of a continuing care retirement community in Bonita Springs, Fla.

• $81.27 million series 2011A fixed-rate bonds

• $3 million series 2011B accelerated redemption reset option securities

• $15 million of series 2011C1 mandatory paydown securities

• $46 million of series 2011C2 mandatory paydown securities

CHARLOTTE/CHARLOTTE-DOUGLAS INTERNATIONAL AIRPORT (NORTH CAROLINA): $109.455 million series 2011 airport revenue bonds (Aa3/A+/A+); negotiated; Bank of America Merrill Lynch and Wells Fargo Securities LLC (lead); proceeds to fund capital improvements to the airport's terminal and airfield.

• $75.54 million series 2011A non-AMT bonds due 2012 to 2031 with term bonds due in 2036 and 2041

• $33.915 million series 2011B AMT bonds due 2012 to 2031 with term bonds due in 2036 and 2041

CHARLOTTE (NORTH CAROLINA): $60.41 million series 2011 taxable airport special facilities revenue bonds (A3/A/A); negotiated; Bank of America Merrill Lynch and Wells Fargo Securities LLC (lead); bonds due 2014 to 2016 with term bonds due in 2021, 2031 and 2041; proceeds to design, construct, acquire and equip a new consolidated rental car facility at the airport.

CONNECTICUT HOUSING FINANCE AUTHORITY: $61.33 million series 2011 single-family special obligation bonds; negotiated; Bank of America Merrill Lynch (lead); Goldman, Sachs & Co., J.P. Morgan Securities LLC; Morgan Stanley & Co. LLC; Barclays Capital Inc.; Citigroup Global Markets Inc.; Grigsby & Associates Inc.; Janney Montgomery Scott LLC; Jefferies & Co. Inc.; M.R. Beal & Co.; Morgan Keegan & Co. Inc.; Ramirez & Co. Inc.; Rice Financial Products Co.; Roosevelt & Cross Inc.; and Wells Fargo Securities LLC (co-managers); proceeds to make mortgage loans.

• $18.825 million series 2011-1 non-AMT bonds due 2012 to 2017

• $42.505 million series 2011-2 non-AMT bonds due 2017 to 2023 with term bond due in 2026

DISTRICT OF COLUMBIA/ASSOCIATION OF AMERICAN MEDICAL COLLEGES: $104.215 million series 2011B revenue bonds (/A+/A); negotiated; Bank of America Merrill Lynch (lead); Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (co-managers); bonds due 2015 to 2031 with term bonds due in 2036 and 2041; proceeds to construct, acquire, equip and furnish a building to house the association's executive offices, member programs, application and testing facilities, information technology and administrative support space.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/MOUNT SINAI HOSPITAL OBLIGATED GROUP: $63.85 million series 2011A revenue bonds (A2/A-/A); negotiated; Goldman, Sachs & Co. (lead); Bank of America Merrill Lynch, Citigroup Global Markets Inc., RBC Capital Markets LLC and Rice Financial Products Co. (co-managers); bonds due 2012 to 2023 with term bonds due in 2026, 2031 and 2041; proceeds to finance the construction, equipment, acquisition and renovation of certain Mount Sinai health facilities, including the obligated group's Center for Science and Medicine.

FLORIDA HOUSING FINANCE CORP.: $54.82 million series 2011C non-AMT housing mortgage revenue bonds (Aaa); negotiated; Citigroup Global Markets Inc. (lead); Morgan Stanley & Co. LLC, RBC Capital Markets LLC, Bank of America Merrill Lynch, George K. Baum & Co. Inc., Janney Montgomery Scott LLC and Morgan Keegan & Co. Inc. (co-managers); bonds due 2013 to 2021 with term bonds due in 2026 and 2030; proceeds to make single-family housing loans.

GALLIA COUNTY/HOLZER HEALTH SYSTEM OBLIGATED GROUP (OHIO): $172.7 million series 2011 hospital facilities revenue refunding bonds; negotiated; RBC Capital Markets LLC (lead); proceeds to acquire, construct, equip and renovate Holzer Health facilities, as well as refund series 1998 and 2005 revenue refunding bonds, a commercial loan and promissory notes.

INDIANA FINANCE AUTHORITY: $84.11 million series 2011 facilities revenue refunding bonds (Aa1/AA+/AA+); negotiated; J.P. Morgan Securities LLC (sole); proceeds to refund authority's series 2002A revenue bonds and 2004B facilities revenue refunding bonds.

• $22.275 million series 2011A bonds

• $18.955 million series 2011B bonds

• $19.695 million series 2011C bonds

• $5.41 million series 2011D bonds

• $17.775 million series 2011E bonds

INDIANA FINANCE AUTHORITY: $67.535 million series 2011 facilities revenue refunding bonds; negotiated; City Securities Corp. (lead); Bank of America Merrill Lynch, Fidelity Capital Markets LLC, Morgan Keegan & Co. Inc. and Raymond James & Associates Inc. (co-managers); proceeds to refund the series 2002A and 2004B revenue bonds issued for the New Castle Correctional Facility, the 2003A and 2004C bonds issue for the Indiana State Museum, the 2003B bonds issued for the Evansville State Hospital, the 2004D bonds issued for the Logansville State Hospital and the 2004E bonds issued for the Southeast Regional Treatment Center; pricing week of Aug. 29.

• $21.115 million series 2011A New Castle Correctional Facility bonds due 2013 and 2020 to 2022

• $19.27 million series 2011B Indiana State Museum Facility bonds due 2012 to 2023

• $20.18 million series 2011C Evansville State Hospital Facility bonds due 2012 to 2024

• $1.615 million series 2011D Logansville State Hospital Facility bonds due 2012 to 2016

• $5.355 million series 2011E Southeast Regional Treatment Center Facility bonds due 2012 to 2017

JEFFERSON PARISH HOSPITAL SERVICE DISTRICT NO. 2/EAST JEFFERSON GENERAL HOSPITAL (LOUISIANA): $170 million series 2011 hospital revenue and refunding bonds (Baa2/BBB-/); negotiated; J.P. Morgan Securities LLC and Sisung Securities Corp. (lead); proceeds to construct, equip and acquire a new four-story wing of the hospital to house an emergency room, cardiology center, physician offices and a parking garage.

KENT HOSPITAL FINANCE AUTHORITY/SPECTRUM HEALTH SYSTEM INC. (MICHIGAN): $75 million series 2011C revenue bonds (Aa3/AA/); negotiated; Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (lead); proceeds to refund a portion of the health care system's series 2008B-2 bonds.

MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY/JOHNS HOPKINS HEALTH SYSTEM OBLIGATED GROUP: $75.705 million series 2011A revenue bonds (Aa3/AA-/AA-); negotiated; Goldman, Sachs & Co. and J.P. Morgan Securities LLC (lead); Bank of America Merrill Lynch and PNC Capital Markets LLC (co-managers); proceeds to refund health system's series 2001 bonds, which were issued to fund the construction, equipment and installation of Johns Hopkins facilities.

NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY: $135.4 million series 2011 adjustable-rate education loan revenue bonds (/AA-/A-1+/AA/F1+); negotiated; RBC Capital Markets LLC (sole); bonds due Dec. 1, 2032; proceeds to make loans to qualified educational entities within the state.

• $125.4 million series 2011A taxable bonds

• $10 million series 2011B tax-exempt bonds

ORLANDO-ORANGE COUNTY EXPRESSWAY AUTHORITY (FLORIDA): $290 million series 2011A refunding revenue bonds (//A); negotiated; Wells Fargo Securities LLC (lead); Bank of America Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Raymond James & Associates Inc., Barclays Capital Inc., Goldman, Sachs & Co., Morgan Stanley & Co. Inc. and RBC Capital Markets LLC (co-managers); proceeds to refund authority's series 2008B-1 and 2008B-2 bonds.

PERALTA COMMUNITY COLLEGE DISTRICT (CALIFORNIA): $53.855 million series 2011 taxable refunding bonds (/A+/); negotiated; J.P. Morgan Securities LLC (lead); proceeds to refund district's series 2009 taxable other post-employment benefit refunding bonds.

PHILADELPHIA: $200 million series 2011-12 tax and revenue anticipation notes; competitive; proceeds to fund routine cash flow needs ahead of the collection of taxes and revenues.

PHILADELPHIA: $166 million series 2011 water and wastewater revenue and refunding bonds; proceeds to refund existing bonds and finance new money capital projects.

PORT OF PORTLAND/PORTLAND INTERNATIONAL AIRPORT (OREGON): $77.665 million series 2011A passenger facility charge revenue bonds (/A/); negotiated; Bank of America Merrill Lynch and Goldman, Sachs & Co. (lead); bonds due 2012 to 2031; proceeds to finance capital improvements to the airport, as well as to repay draws made on a non-revolving credit facility that were made to fund improvements.

RHODE ISLAND: $200 million series 2012 general obligation tax anticipation notes; negotiated; Morgan Keegan & Co. Inc. (lead); Bank of America Merrill Lynch, Janney Montgomery Scott LLC and Oppenheimer & Co. Inc. (co-managers); notes due June 29, 2012; proceeds to finance capital requirements ahead of the collection of taxes.

SAN ANTONIO (TEXAS): $50.355 million series 2011 electric and gas system revenue refunding bonds (/AA/AA+); negotiated; Jefferies & Co. (lead); Coastal Securities Inc., Cabrera Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to refund city's series 2002 electric and gas system revenue bonds.

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