Municipals Calendar: Hawaii to price $1.26 billion G.O. sale

Week of November 14

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; pricing week of Nov. 14.

GARLAND INDEPENDENT SCHOOL DISTRICT (TEXAS): $52,403,225 series 2011A unlimited tax refunding bonds (Aaa/AA/); negotiated; Southwest Securities Inc. (lead); Morgan Keegan & Co. Inc., Estrada Hinojosa & Co. and RBC Capital Markets LLC (co-managers); proceeds to refund a portion of the district's limited tax debt; pricing week of Nov. 14.

• $21,883,225 capital appreciation bonds due 2012 to 2018

• $30.52 million current interest bonds due 2019 to 2023

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; pricing week of Nov. 14.

November 17

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; pricing Nov. 17.

• $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

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.

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 Nov. 17.

• $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

WESTCHESTER COUNTY (NEW YORK): $199.995 million series 2011 general obligation bonds; competitive; Public Financial Management Inc. (financial adviser); proceeds to make improvements, upgrades and repairs to infrastructure projects, including roads, the county jail, park and recreational facilities, community colleges and other county buildings, as well as to redeem outstanding bond anticipation notes; pricing Nov. 17.

• $145.84 million series 2011B tax-exempt G.O. bonds due 2012 to 2023

• $29.895 million series 2011C tax-exempt G.O. bonds due 2012 to 2031

• $24.26 million series 2011D taxable G.O. bonds due July 1, 2016

On the Horizon

CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY/CEDARS-SINAI MEDICAL CENTER: $147.85 million series 2011 revenue refunding bonds (A2/A+/); negotiated; Bank of America Merrill Lynch; bonds due 2012 to 2021; proceeds to refund the medical center's series 1997A-B revenue bonds, the proceeds of which were used to construct, acquire, equip, renovate and rehabilitate existing facilities operated by the medical center.

CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK/J. PAUL GETTY TRUST: $276.9 million series 2011 variable-rate refunding revenue bonds; negotiated; Morgan Stanley & Co. LLC (sole); bonds due April 1, 2038; proceeds to refund bank's series 2003A-D variable-rate revenue bonds issued for the trust to construct, equip and renovate a museum and other facilities operated by the trust.

• $69.225 million series 2011A-1 bonds

• $69.225 million series 2011A-2 bonds

• $69.225 million series 2011A-3 bonds

• $69.225 million series 2011A-4 bonds

CATHOLIC HEALTH SERVICES OF LONG ISLAND/SUFFOLK COUNTY ECONOMIC DEVELOPMENT CORP./NASSAU COUNTY LOCAL ECONOMIC ASSISTANCE AND FINANCING CORP. (NEW YORK): $246.455 million series 2011 revenue bonds (A3/A-/A-); negotiated; Goldman, Sachs & Co. and Morgan Stanley & Co. LLC (lead); proceeds to reimburse the obligated group for ongoing capital expenditures, including capital improvements, renovations and equipment purchases, as well as to refund the obligated group's series 1999A Good Samaritan Hospital Medical Center revenue bonds, series 1999A St. Charles Hospital and Rehabilitation Center revenue bonds, series 2000A St. Catherine of Siena Medical Center revenue bonds and series 2000B Siena Village revenue bonds.

• $185.34 million of series 2011 revenue bonds through Suffolk County Economic Development Corp.

• $61.115 million series 2011 revenue bonds through Nassau County Local Economic Assistance and Financing Corp.

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.

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 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: $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

MIAMI UNIVERSITY (OHIO): $143.67 million series 2011 general receipts revenue and refunding bonds (Aa3//AA); negotiated; Morgan Stanley & Co. LLC (lead); Barclays Capital Inc., Fifth Third Securities Inc. and Stifel, Nicolaus & Co. Inc. (co-managers); bonds due 2012 to 2026 with term bonds due in 2031 and 2036; proceeds to construct four new residence halls and a new dining hall, renovate three existing residence halls, upgrade sprinkler and electrical systems and advance refund the university's series 2003 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

OHIO/CLEVELAND CLINIC: $170.92 million series 2011C taxable hospital revenue refunding bonds (Aa2/AA-/); negotiated; J.P. Morgan Securities LLC (lead); PNC Capital Markets LLC, US Bancorp Inc., Wells Fargo Securities LLC, Citigroup Global Markets Inc. and Bank of America Merrill Lynch (co-managers); bonds due 2017, 2019 to 2025 and 2030 to 2032; proceeds to refund clinic's series 2003A revenue 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

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.

UNIVERSITY OF CONNECTICUT: $220 million series 2011 general obligation bonds (Aa2/AA/AA-); negotiated; Loop Capital Markets LLC (lead); J.P. Morgan Securities LLC; Jackson Securities LLC; Roosevelt & Cross Inc.; Wells Fargo Bank, NA; Bank of America Merrill Lynch; Barclays Capital Inc.; Blaylock Robert Van LLC; Cabrera Capital Markets LLC; Estrada Hinojosa & Co. LLC; Jefferies & Co.; M.R. Beal & Co.; Melvin Securities Inc.; Prager, Sealy & Co. LLC; Ramirez & Co. Inc.; RBC Capital Markets LLC; Siebert Brandford Shank & Co. LLC; and William Blair & Co. (co-managers); proceeds to fund projects under the university's infrastructure program as well as refund the university's series 2003A, 2004A and 2005A G.O. bonds.

• $200 million series 2011A G.O. bonds due 2012 to 2031

• $20 million series 2011B G.O. refunding bonds due 2012 and 2014 to 2023

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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