Municipals Calendar: Catholic Health West to price $476 million

Week of October 24

CATHOLIC HEALTH CARE WEST: $476.02 million series 2011 revenue bonds (/A/A+); negotiated; J.P. Morgan Securities LLC (lead); Citigroup Global Markets Inc. and BMO Capital Markets LLC (co-managers); proceeds to finance and refinance capital projects at Catholic Health Care West facilities in California and Arizona; pricing week of Oct. 24.

• $349.89 million series 2011A bonds through California Health Facilities Financing Authority

• $126.13 million series 2011B bonds through Arizona Health Facilities Authority

MASSACHUSETTS HOUSING FINANCE AGENCY: $57.48 million series 2011 housing bonds; negotiated; Raymond James & Associates Inc. (lead); Bank of America Merrill Lynch; Barclays Capital Inc.; Citigroup Global Markets Inc.; J.P. Morgan Securities LLC; Loop Capital Markets LLC; Morgan Stanley & Co. LLC; CastleOak Securities LP; Corby Capital Markets Inc.; Eastern Bank; Fidelity Capital Markets LLC; George K. Baum & Co. Inc.; Janney Montgomery Scott LLC; M.R. Beal & Co. Inc.; Morgan Keegan & Co. Inc.; Piper Jaffray & Co.; Ramirez & Co. Inc.; Rice Financial Products Co.; Siebert Brandford Shank & Co. LLC; Wells Fargo Bank, NA; and The Williams Capital Group LP (co-managers); proceeds to refund and defease series 1998A-B, 1999A-C and 2001A rental housing revenue bonds; pricing week of Oct. 24.

• $53.83 million series 2011A AMT housing bonds due 2012 to 2023 with term bonds due in 2028, 2033, 2038 and 2041

• $3.65 million series 2011B taxable housing bonds due Dec. 1, 2021

Week of October 31

November 1

WASHINGTON SUBURBAN SANITARY DISTRICT (MARYLAND): $300 million series 2011 consolidated improvement bonds (Aaa); competitive; Public Advisory Consultants LLC (financial adviser); bonds due 2012 to 2031; proceeds to fund the construction and reconstruction of water supply lines, water supply facilities, transmission mains, sewage disposal facilities, large collection mains and water/sewer pipes for subdivisions; pricing Nov. 1.

November 3

TULSA (OKLAHOMA): $50 million series 2011 general obligation bonds (Aa1/AA/); competitive; bonds due 2013 to 2031; proceeds to fund construction and improvement of bridges and streets in the city; pricing Nov. 3.

Week of November 7

OHIO WATER DEVELOPMENT AUTHORITY: $150 million series 2011 water pollution control loan fund revenue bonds (Aaa/AAA/); pricing week of Nov. 7.

Day to Day

FLORIDA BOARD OF EDUCATION: $135.145 million series 2011E public education capital outlay refunding bonds; competitive; bonds due 2022 to 2031; proceeds to refund the state board of education's series 2000B-C and 2001G PECO bonds; pricing day-to-day.

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

ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS/LAKESIDE VILLAGE APARTMENTS (CALIFORNIA): $91 million series 2011 variable-rate housing revenue bonds (/AA+/A-1+/); negotiated; Citigroup Global Markets Inc. (sole); bonds due Oct. 1, 2046; proceeds to make non-recourse mortgage loan to Standard Lakeside I LP, the operator of the Lakeside Village Apartments.

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

ALASKA HOUSING FINANCE CORP.: $100.305 million series 2011 mortgage revenue bonds; negotiated; Morgan Keegan & Co. Inc. (lead); Bank of America Merrill Lynch, Edward D. Jones & Co. LP, George K. Baum & Co., J.P. Morgan Securities LLC, KeyBanc Capital Markets LLC, Morgan Stanley & Co. LLC and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to make mortgage loans.

• $28.945 million series 2011A taxable bonds due Dec. 1, 2026

• $56.89 million series 2011B-1 bonds due 2012 to 2023

• $14.47 million series 2011B-2 bonds due June 1, 2026

CHICAGO (ILLINOIS): $237.895 million series 2011 sales tax revenue bonds (Aa2/AAA/AA-); negotiated; Loop Capital Markets LLC (lead); Bank of America Merrill Lynch, Cabrera Capital Markets LLC, BNY Mellon Capital Markets LLC, Blaylock Robert Van LLC, Podesta & Co., Stern Brothers & Co. and William Blair & Co. Inc. (co-managers); proceeds to refund existing debt.

• $219.39 million series 2011A sales tax revenue bonds

• $18.595 million series 2011B taxable bonds

CLEVELAND (OHIO): $74.91 million series 2011A non-AMT airport system revenue bonds (Baa1/A-/A-) negotiated; J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (lead); Bank of America Merrill Lynch, KeyBanc Capital Markets LLC, RBC Capital Markets LLC, Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC (co-managers); bonds due 2013 to 2024; proceeds to fund certain capital improvement projects and refund debt.

COLORADO RIVER MUNICIPAL WATER DISTRICT (TEXAS): $60.185 million series 2011 water system revenue refunding bonds (A1/AA-/); negotiated; Barclays Capital Inc. (lead); Morgan Keegan & Co. Inc. and Samco Capital Markets Inc. (co-managers) bonds due 2013 to 2021; proceeds to refund district's series 2003 water system revenue refunding bonds.

CONNECTICUT: $715 million series 2011 general obligation bonds; negotiated; J.P. Morgan Securities LLC (lead); Barclays Capital Markets Inc.; Morgan Stanley & Co. LLC; Ramirez & Co. Inc.; RBC Capital Markets LLC; Bank of America Merrill Lynch; Blaylock Robert Van LLC; Citigroup Global Markets Inc.; Corby Capital Markets Inc., Estrada Hinojosa & Co. Inc.; Goldman, Sachs & Co.; Jefferies & Co.; Morgan Keegan & Co. Inc.; M.R. Beal & Co.; Raymond James & Associates Inc.; Rice Financial Products Co.; Roosevelt & Cross Inc.; Siebert Brandford Shank & Co. LLC; Stern, Agee & Leach Inc.; Wells Fargo Bank, NA; and William Blair & Co. (co-managers); proceeds to fund capital projects and refund state's series 2001E bonds.

• $550 million series 2011D G.O. bonds

• $165 million series 2011E G.O. refunding bonds

DELAWARE: $274.57 million series 2011 general obligation bonds (Aaa/AAA/AAA); negotiated; Bank of America Merrill Lynch (lead); Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, M&T Securities Inc., PNC Capital Markets LLC, RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers) bonds due 2012 to 2031; proceeds to fund capital projects.

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.

HOUSTON (TEXAS): series 2011F combined utility system revenue refunding bonds (/AA/AA); negotiated; Estrada Hinojosa & Co. Inc. (lead); Loop Capital Markets LLC (co-manager); proceeds to refund city's series 2008D-3 combined utility system revenue refunding bonds.

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

METROPOLITAN TRANSPORTATION AUTHORITY (NEW YORK): series 2011C transportation revenue refunding bonds; negotiated; Goldman, Sachs & Co. and Jefferson Securities Inc. (lead); Bank of America Merrill Lynch; Barclays Capital Inc.; Citigroup Global Markets Inc.; J.P. Morgan Securities LLC; Jefferies & Co.; Morgan Stanley & Co. LLC; Ramirez & Co. Inc.; Siebert Brandford Shank & Co. LLC; Wells Fargo Securities LLC; BB&T Capital Markets; Duncan-Williams Inc.; Edward D. Jones & Co. LP; Fidelity Capital Markets LLC; First Southwest Co.; Loop Capital Markets LLC; M.R. Beal & Co.; Morgan Keegan & Co. Inc.; Piper Jaffray & Co.; Raymond James & Associates Inc.; RBC Capital Markets LLC; Rice Financial Products Co.; Roosevelt & Cross Inc.; Stifel, Nicolaus & Co. Inc.; and TD Securities (USA) LLC (co-managers); proceeds to refund all or a portion of the authority's $347.8 million of series 2004A certificates of participation.

MULTI-STATE UNITED STATES STEEL CORP.: $195.67 million series 2011 revenue refunding bonds; negotiated; Morgan Stanley & Co. LLC (lead); Barclays Capital Inc. and Citigroup Global Markets Inc. (co-managers); proceeds to refund various bonds issued through the authorities, counties and other entities on behalf of United States Steel Corp.

• $55 million series 2011 non-AMT environmental improvement bonds through Indiana Finance Authority due Dec. 1, 2019

• $28.8 million series 2011 non-AMT environmental improvement bonds through Allegheny County Industrial Development Authority (Pennsylvania) due Dec. 1, 2027

• $19.815 million series 2011 non-AMT environmental improvement bonds through Bucks County Industrial Development Authority (Pennsylvania) due June 1, 2026

• $10.6 million series 2011 non-AMT environmental improvement bonds through Gulf Coast Waste Disposal Authority (Texas) due Sept. 1, 2017

• $21.8 million series 2011 non-AMT environmental improvement bonds through Ohio Water Development Authority due May 1, 2029

• $10.16 million series 2011 non-AMT environmental improvement bonds through Ohio Air Quality Development Authority due Nov. 1, 2015

• $32.375 million series 2011 non-AMT environmental improvement bonds through Utah County, Utah, due Nov. 1, 2017

• $17.12 million series 2011 non-AMT environmental improvement bonds through Industrial Development Board of the City of Fairfield, Ala., due June 1, 2015

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

NEW YORK LIBERTY DEVELOPMENT CORP.: $1.25 billion series 2011 liberty revenue bonds (/A+/); negotiated; Goldman, Sachs & Co. and J.P. Morgan Securities LLC (lead); M.R. Beal & Co. and Siebert Brandford Shank & Co. LLC (co-managers); bonds due Nov. 15, 2031, Nov. 1, 2041 and Nov. 15, 2051; proceeds to construct Tower 4 of the World Trade Center, a 64-floor building for office and retail space.

NEW YORK STATE MORTGAGE AGENCY $168.625 million series 2011 homeowner mortgage revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Bank of America Merrill Lynch, George K. Baum & Co., M&T Securities Inc., M.R. Beal & Co. Inc., Ramirez & Co. Inc., RBC Capital Markets LLC, Roosevelt & Cross Inc. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to make mortgage loans.

• $50 million series 165 non-AMT bonds due 2026, 2031 and 2042

• $118.625 million series 166 taxable bonds due 2012 to 2022

NORTH TEXAS TOLLWAY AUTHORITY: $673.72 million series 2011 special projects system revenue bonds (/AA/AA-); negotiated; J.P. Morgan Securities LLC (lead); Barclays Capital Inc., Ramirez & Co. Inc., Bank of America Merrill Lynch, Jefferies & Co. and Rice Financial Products Co. (co-managers); bonds due 2019 to 2033 with term bonds; proceeds to fund construction and development of the Chisholm Trail Parkway in Fort Worth and Cleburne.

OREGON: $80.41 million series 2011 general obligation refunding bonds (Aa1/AA+/AA+); negotiated; Bank of America Merrill Lynch and Citigroup Global Markets Inc. (lead); Fidelity Capital Markets LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Seattle-Northwest Securities Corp. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to refund state's series 2003 general obligation bonds.

• $51.355 million series 2011N Oregon Opportunity bonds due 2015 to 2022

• $24.005 million series 2011O various project bonds due 2014 to 2028

• $5.05 million series 2011P various project bonds due 2013 to 2028

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.

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.

ST. TAMMANY PARISH HOSPITAL DISTRICT NO. 1/ST. TAMMANY PARISH HOSPITAL (LOUISIANA): $54.02 million series 2011 hospital refunding revenue bonds (/A-/A); negotiated; Raymond James & Associates Inc. (sole); bonds due 2012 to 2021; proceeds to refund all of the district's prior bonds.

WEST BASIN MUNICIPAL WATER DISTRICT (CALIFORNIA): $50 million series 2011B refunding revenue bonds (Aa2/AA-/); negotiated; De La Rosa & Co. Inc. and Citigroup Global Markets Inc. (lead); proceeds to refund district's series 2003A and 2010A certificates of participation.

© 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.