Municipals Calendar: Tobacco Securitization Authority to sell debt

Week of November 14

TOBACCO SECURITIZATION AUTHORITY (MINNESOTA): $787.57 million series 2011 Minnesota tobacco settlement revenue bonds (/A/BBB+); negotiated; Barclays Capital Inc. (lead); Bank of America Merrill Lynch, Jefferies & Co., Citigroup Global Markets Inc., Ramirez & Co. Inc., RBC Capital Markets LLC, US Bancorp and Wells Fargo Securities LLC (co-managers); proceeds to refund existing Minnesota tobacco settlement bonds; pricing week of Nov. 14.

• $81.075 million series 2011A taxable bonds due 2014 to 2015

• $706.495 million series 2011B tax-exempt bonds due 2016 to 2026 with a term bond due in 2031.

November 15

BALTIMORE COUNTY (MARYLAND): $255 million series 2011 general obligation bonds; competitive; Public Resources Advisory Group (financial adviser); proceeds to redeem commercial paper bond anticipation notes, which were initially issued to construct, acquire and renovate water supply, sewerage, drainage systems, waterway improvements, operational buildings, community improvements, parks and recreational facilities and elderly affordable housing; pricing Nov. 15.

• $85 million metropolitan district bonds due 2013 to 2042

• $170 million consolidated public improvement bonds due 2013 to 203

November 16

BALTIMORE COUNTY (MARYLAND): $200 million series 2011 general obligation bonds anticipation notes; competitive; Public Resources Advisory Group (financial adviser); notes due Dec. 17, 2012; proceeds to provide interim funding for construction, acquisition and development of water, sewerage, drainage, public works and other infrastructure projects in the county; pricing Nov. 16.

• $60 million metropolitan district BANs

• $140 million consolidated public improvement BANs

November 17

NEW MEXICO FINANCE AUTHORITY $58.395 million series 2011C senior lien public project revolving fund revenue bonds (Aa1/AAA/); competitive; Western Financial Group LLC (financial adviser); bonds due 2012 to 2036; proceeds to purchase securities from the Albuquerque Bernalillo County Water Utility Authority to finance a water system expansion project; pricing Nov. 17.

On the Horizon

AUSTIN (TEXAS): $235.37 million series 2011 water and wastewater system revenue refunding bonds (Aa2/AA/AA); negotiated; First Southwest Co. (lead); Bank of America Merrill Lynch; Estrada Hinojosa & Co.; Goldman, Sachs & Co.; J.P. Morgan Securities LLC; Ramirez & Co. Inc.; and RBC Capital Markets LLC (co-managers); bonds due 2014 to 2041; proceeds to refund tax-exempt commercial paper obligations issued for repairs and upgrades to water and wastewater system.

CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY/RADY CHILDREN'S HOSPITAL: $100 million series 2011 revenue bonds; negotiated; Bank of America Merrill Lynch (lead); Morgan Stanley & Co. LLC and US Bancorp; bonds due 2013 to 2022 with term bonds due 2026, 2031 and 2041; proceeds to finance or refinance the construction, acquisition and equipment of certain Rady Children's Hospital facilities.

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.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $134.63 million series 2011 school districts revenue bonds financing program revenue bonds; negotiated; RBC Capital Markets LLC and Morgan Keegan & Co. Inc. (lead); Jefferies & Co., Roosevelt & Cross Inc., BB&T Capital Markets LLC, Fidelity Capital Markets LLC, Grigsby & Associates Inc., Janney Montgomery Scott LLC, Ramirez & Co. Inc. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to finance school capital and equipment needs and refinance certain bond anticipation notes.

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.

GUAM: $235 million series 2011A business privilege tax bonds (/A/A-); negotiated; Barclays Capital Inc. (lead); Citigroup Global Markets Inc. and Piper Jaffray & Co. (co-managers); bonds due 2012 to 2042; proceeds to pay unpaid income tax refunds plus interest for 2010, to pay for cost of living allowances for government employees for 2010 and to pay amounts owed to the Government Retirement Fund for the Guam Department of Education and the Guam Memorial Hospital.

HAWAII: $1,264,210,000 series 2011 general obligation bonds; negotiated; Bank of America Merrill Lynch and Goldman, Sachs & Co. (lead); Barclays Capital Inc., J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC (co-managers); proceeds to finance capital expenditures and refund state's series 2001CV, 2001CW, 2002CX, 2002CZ, 2003DA, 2003DB, 2004DD, 2004DE, 2005DF and 2006DI G.O. bonds.

• $800 million series 2011DZ G.O. bonds

• $382.41 million series 2011EA G.O. refunding bonds

• $2.8 million series 2011EB G.O. refunding bonds

• $56 million series 2011EC G.O. refunding bonds

• $23 million series 2011ED G.O. refunding bonds

INDIANA HOUSING AND COMMUNITY DEVELOPMENT AUTHORITY: $52 million series 2011C home first mortgage revenue bonds; negotiated; RBC Capital Markets LLC (lead); J.P. Morgan Securities LLC, Bank of America Merrill Lynch, City Securities Corp., Castleoak Securities LP and Morgan Stanley & Co. LLC (co-managers); bonds due 2013 to 2022 with term bonds due in 2025 and 2027; proceeds to make mortgage loans.

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

INDIANA FINANCE AUTHORITY/INDIANA UNIVERISTY HEALTH OBLIGATED GROUP: $213.475 million series 2011N hospital revenue bonds (//AA-); negotiated; RBC Capital Markets LLC and J.P. Morgan Securities LLC (lead); proceeds to refund debt.

IOWA STUDENT LOAN LIQUIDITY CORP.: $432.2 million series 2011A student loan revenue bonds (/A/A); negotiated; Morgan Stanley & Co. LLC (sole); proceeds to refinance eligible student loans.

• $244.25 million series 2011A-1 bonds

• $187.95 million series 2011A-2 bonds

IOWA STUDENT LOAN LIQUIDITY CORP.: $249 million series 2011-1 student loan asset-backed Libor floating-rate notes (/AA+/AAA); negotiated; Morgan Stanley & Co. LLC (sole); notes due June 25, 2042; proceeds to fund student loans.

KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY/CATHOLIC HEALTH INITIATIVES: $158.155 million series 2011B revenue bonds; negotiated; J.P. Morgan Securities LLC (sole); proceeds to fund construction, acquisition, equipment, renovation and restoration of Catholic Health facilities in Kentucky.

• $52.72 million series 2011B-1 bonds due Feb. 1, 2046

• $52.72 million series 2011B-2 bonds due Feb. 1, 2046

• $52.715 million series 2011B-3 bonds due Feb. 1, 2046

MIAMI BEACH (FLORIDA): $75.46 million series 2011 storm water revenue and refunding bonds; negotiated; J.P. Morgan Securities LLC (lead); Bank of America Merrill Lynch, Morgan Stanley & Co. LLC and SunTrust Robinson Humphrey (co-managers); proceeds to make capital improvements to the city's storm water system, as well as refund city's series 2000 revenue bonds.

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

NORTH TEXAS TOLLWAY AUTHORITY: $266.28 million series 2011B system first tier revenue refunding bonds (A2/A-/); negotiated; Siebert Brandford Shank & Co. LLC (lead); Morgan Stanley & Co. LLC, Estrada Hinojosa & Co. Inc. and First Southwest Co. (co-managers); bonds due 2019 to 2026 with term bond due in 2038; proceeds to refund authority's series 1997A, 1998, 2003A and 2008E-2 revenue bonds.

OMAHA PUBLIC POWER DISTRICT (NEBRASKA): $300 million series 2011 electric system revenue bonds (Aa1/AA/); negotiated; Bank of America Merrill Lynch and J.P. Morgan Securities LLC (lead); Ameritas Investment Corp.; Citigroup Global Markets Inc.; Edward D. Jones & Co. LP; Fidelity Capital Markets LLC; Goldman, Sachs & Co.; Morgan Stanley & Co. LLC; Piper Jaffray & Co.; Ramirez & Co. Inc.; RBC Capital Markets LLC; and Wells Fargo Securities LLC (co-managers); proceeds to fund capital expenditures and refund debt.

• $150 million series 2011B bonds

• $150 million series 2011C 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.

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.

PROMEDICA HEALTH CARE OBLIGATED GROUP: $145.24 million series 2011 hospital refunding revenue bonds (Aa3/AA-/); negotiated; Barclays Capital Inc. and Wells Fargo Securities LLC (lead); proceeds to refund existing debt.

• $136.34 million series 2011D bonds through Lucas County, Ohio due 2012 to 2026 with term bond due in 2030

• $8.9 million series 2011E bonds through County of Lenawee Hospital Finance Authority, Mich., due 2012 to 2023 with term bond due in 2028

SOUTH DAKOTA BOARD OF REGENTS: $62 million series 2011 housing and auxiliary facilities system revenue bonds; negotiated; BMO Capital Markets LLC (lead); bonds due 2013 to 2031 with term bond due in 2036; proceeds to complete capital projects at Northern State University and South Dakota State University.

SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY: $61.915 million series 2011-1 Magnolia Power Project A refunding revenue bonds (A1/AA-/); negotiated; Morgan Stanley & Co. LLC and Ramirez & Co. Inc. (lead); bonds due 2013 to 2022; proceeds to refund the authority's series 2003-1 revenue bonds.

STATE ENVIRONMENTAL IMPROVEMENT AND ENERGY RESOURCES AUTHORITY (MISSOURI): $149.05 million series 2011A water pollution control and drinking water revenue refunding bonds; negotiated; Bank of America Merrill Lynch (lead); George K. Baum & Co., Wells Fargo Securities LLC, J.P. Morgan Securities LLC, Oppenheimer & Co. Inc., Piper Jaffray & Co., Rice Financial Products Co. and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2012 to 2026; proceeds to refund existing debt.

VIRGINIA HOUSING DEVELOPMENT AUTHORITY: $155.8 million series 2011D taxable rental housing bonds (Aa1/AA+/); negotiated; Wells Fargo Securities LLC (lead); BB&T Capital Markets LLC, Bank of America Merrill Lynch, Davenport & Co. LLC, Morgan Keegan & Co. Inc. and Raymond James & Associates Inc. (co-managers); proceeds to redeem outstanding rental housing bonds which were issued to fund mortgage loans.

WAYNE COUNTY AIRPORT AUTHORITY (MICHIGAN): $126.965 million series 2011 airport revenue refunding bonds; negotiated; J.P. Morgan Securities LLC and Citigroup Global Markets Inc. (lead); Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC (co-managers); proceeds to refund authority's series 1998A and 2002C airport revenue bonds.

• $110.26 million series 2011A AMT bonds due 2019 to 2021

• $16.705 million series 2011B non-AMT bonds due 2014 to 2020

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