Municipals Calendar: Puerto Rico preps sales tax revenue bonds

Week of November 28

CALIFORNIA DEPARTMENT OF VETERANS AFFAIRS: $176.715 million series 2011 home purchase revenue bonds (Aa3/AA/AA-); negotiated; Bank of America Merrill Lynch and SL Hare Capital LLC (lead); George K. Baum & Co.; Great Pacific Securities Inc.; Hutchinson Shockey Erley & Co. Inc.; Jackson Securities Inc.; Morgan Keegan & Co. Inc.; Roberts & Ryan Investments Inc.; Southwest Securities Inc.; Westhoff, Cone & Holmstedt; and Wells Fargo Securities LLC; proceeds to refund debt; pricing week of Nov. 28.

• $172.685 million series 2011A non-AMT bonds

• $4.03 million series 2011B AMT bonds

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; pricing week of Nov. 28.

CANADIAN RIVER MUNICIPAL WATER AUTHORITY (TEXAS): $93.28 million series 2011 subordinate lien contract revenue bonds (Aa3//AA); negotiated; Wells Fargo Securities LLC (lead); Bank of America Merrill Lynch, Edward D. Jones & Co. LP, Morgan Stanley & Co. LLC, Raymond James & Associates Inc. and RBC Capital Markets LLC; proceeds to acquire water rights for the authority's groundwater expansion project; pricing week of Nov. 28.

CONNECTICUT: $500 million series 2011 transportation infrastructure purposes special tax obligation bonds (Aa3/AA/AA); negotiated; Goldman, Sachs & Co. (lead); Barclays Capital Inc.; Bank of America Merrill Lynch; Citigroup Global Markets Inc.; Siebert Brandford Shank & Co. LLC; Cabrera Capital Markets LLC; Corby Capital Markets Inc.; Jackson Securities Inc.; Jefferies & Co. Inc.; Loop Capital Markets LLC; and Morgan Keegan & Co. Inc.; Morgan Stanley & Co. LLC; Prager, Sealy & Co. LLC; Ramirez & Co. Inc.; Raymond James & Associates Inc.; RBC Capital Markets LLC; Rice Financial Products Co.; Roosevelt & Cross Inc.; Sterne, Agee & Leach Inc.; and Wells Fargo Bank, NA (co-managers); proceeds to finance transportation infrastructure projects throughout the state and refund debt; pricing week of Nov. 28.

• $250 million series 2011A bonds due 2012 to 2031

• $250 million series 2011B bonds due 2012 to 2023

LEANDER (TEXAS): $69.515 million series 2012 general obligation bonds and combination tax and revenue certificates of obligation (Aa3/A+/); negotiated; BOSC Inc. (lead); Morgan Keegan & Co. Inc., Raymond James & Associates Inc., Coastal Securities Inc. and Southwest Securities Inc. (co-managers); proceeds to refund a portion of the outstanding ad valorem tax-supported obligations of the city; pricing week of Nov. 28.

• $34.14 million series 2012 general obligation bonds due 2012 to 2027

• $35.375 million series 2012 combination tax and revenue certificates of obligation due 2012 to 2036

METROPOLITAN TRANSPORTATION AUTHORITY (NEW YORK): $500 million series 2011D transportation revenue bonds (A2//A); negotiated; Ramirez & Co. Inc. and Loop Capital Markets LLC (lead); Barclays Capital Inc.; Bank of America Merrill Lynch; Citigroup Global Markets; Goldman, Sachs & Co.; J.P. Morgan Securities LLC; Jefferies & Co.; Morgan Stanley & Co. LLC; Siebert Brandford Shank & Co. LLC; Wells Fargo Securities LLC; BB&T Capital Markets Inc.; Duncan-Williams Inc.; Edward D. Jones & Co. LP; Fidelity Capital Markets LLC; First Southwest Co.; Jackson Securities Inc.; M.R. Beal & Co. Inc.; 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); bonds due 2012 to 2031 with term bonds; proceeds to finance transit and commuter projects; pricing week of Nov. 28.

NEW YORK LIBERTY DEVELOPMENT CORP.: $702 million series 2011 One World Trade Center liberty revenue bonds; negotiated; J.P. Morgan Securities LLC and Citigroup Global Markets Inc. (lead); Loop Capital Markets LLC, M.R. Beal & Co. Inc., Ramirez & Co. Inc., Rice Financial Products Co., Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC; proceeds to purchase consolidated bonds issued by the Port Authority of New York and New Jersey for the construction and design of One World Trade Center, a 104-story building in lower Manhattan; pricing week of Nov. 28.

PORT OF SEATTLE (WASHINGTON): $108.18 million series 2011 revenue refunding bonds (Aa2/AA-/AA); negotiated; Bank of America Merrill Lynch (lead); Barclays Capital Inc., Morgan Stanley & Co. Inc., Backstrom McCarley Berry & Co. LLC, J.P. Morgan Securities LLC and Drexel Hamilton LLC; proceeds to refund the port's outstanding Terminal 18 project revenue bonds and all of its series 1998 subordinate lien bonds onto the first lien; pricing week of Nov. 28.

• $11.145 million series 2011A non-AMT bonds due 2012 to 2017

• $97.035 million series 2011B AMT bonds due 2012 to 2026

SWARTHMORE BOROUGH AUTHORITY/SWARTHMORE COLLEGE (PENNSYLVANIA): $60.51 million series 2011C taxable revenue bonds (Aaa/AAA/); negotiated; Bank of America Merrill Lynch and Morgan Stanley & Co. LLC (lead); proceeds to renovate and improve classrooms, residence halls, athletic facilities and other infrastructure at Swarthmore College; pricing week of Nov. 28.

• $14.995 million series 2011B revenue bonds due 2012 to 2021

• $45.515 million series 2011C taxable revenue bonds due 2012 to 2021

November 30

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; pricing Nov. 30.

MAINE MUNICIPAL BOND BANK: $55 million series 2011A transportation infrastructure revenue bonds (/AA/AA); competitive; First Southwest Co. (financial adviser); bonds due 2012 to 2026; proceeds to improve or remove certain bridges and other transportation infrastructure within the state; pricing Nov. 30.

PHILADELPHIA: $173 million series 2011-12A tax and revenue anticipation notes (MIG 1/SP-1+/); competitive; Public Financial Management Inc. and Acacia Financial Group Inc. (financial advisers); notes due June 29, 2012; proceeds to fund routine cash flow needs ahead of the collection of taxes and revenues; pricing Nov. 30.

PUERTO RICO SALES TAX FINANCING CORP.: $1.081 billion series 2011 sales tax revenue bonds; negotiated; Citigroup Global Markets Inc. (lead for 2011C); Santander Securities (lead for 2011D); Barclays Capital Inc.; Goldman, Sachs & Co.; Wells Fargo Securities LLC; BMO Capital Markets; Bank of America Merrill Lynch; Jefferies & Co.; J.P. Morgan Securities LLC; Morgan Stanley & Co. LLC; Ramirez & Co. Inc.; Raymond James & Associates Inc.; RBC Capital Markets LLC; UBS FS Puerto Rico; BBVAPR MSD; FirstBank Puerto Rico Securities; Oriental Financial Services; Popular Securities; Santander Securities; Scotia MSD; and VAB Financial (co-managers for 2011C); Bank of America Merrill Lynch; Popular Securities; UBS FS Puerto Rico; Barclays Capital Inc.; BBVAPR MSD; Citigroup Global Markets Inc.; FirstBank Puerto Rico Securities; Oriental Financial Services; Ramirez & Co. Inc.; Raymond James & Associates Inc.; and Scotia MSD (co-managers for 2011D); proceeds to redeem or repay prior to maturity certain 2006 appropriation debt; pricing Nov. 30.

• $1 billion senior series 2011C bonds

• $81 million senior series 2011D bonds

SAN JOSE (CALIFORNIA): $306.27 million series 2011 airport revenue bonds (A2/A-/A-); negotiated; J.P. Morgan Securities LLC (lead for 2011B ); Barclays Capital Inc. and Morgan Stanley & Co. LLC (co-managers for 2011B); Citigroup Global Markets Inc. (sole for 2011C); proceeds to refund subordinate commercial paper notes issued to fund improvements to the Norman Y. Mineta San Jose International Airport; pricing Nov. 30.

• $261.615 million series 2011B taxable bonds

• $44.655 million series 2011C non-AMT bonds

VIRGINIA PUBLIC SCHOOL AUTHORITY: $131.86 million series 2011-2 school tax credit bonds (Aa1/AA+/AA+); competitive; BB&T Capital Markets (financial adviser); bonds due Dec. 15, 2030; proceeds to purchase local school bonds; pricing Nov. 30.

WASHINGTON ECONOMIC DEVELOPMENT FINANCE AUTHORITY: $54.07 million series 2011 taxable economic development revenue bonds (/BBB+/); negotiated; Morgan Keegan & Co. Inc. (lead); bonds due 2014 to 2021; proceeds to make a loan to CSC of Tacoma LLC to reimburse The GEO Group Inc. for the expansion of the Northwest Detention Facility in Tacoma, Wash.; pricing Nov. 30.

December 1

MEMORIAL SLOAN-KETTERING CANCER CENTER (NEW YORK): $400 million series 2011A taxable bonds (Aa2/AA-/AA); negotiated; Goldman, Sachs & Co. (lead); J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (co-managers); proceeds to fund capital projects for the cancer center; pricing Dec. 1.

Week of December 5

December 6

LOS ANGELES COUNTY CAPITAL ASSET LEASING CORP. (CALIFORNIA): $59.17 million series 2011A lease revenue bonds (A2/A+/A+); competitive; Fieldman, Rolapp & Associates Inc. (financial adviser); proceeds to finance acquisition of equipment, machinery and vehicles to be leased to the County of Los Angeles; pricing Dec. 6.

UNIVERSITY OF HOUSTON SYSTEM: $299.5 million series 2011 consolidated revenue and refunding bonds (Aa2/AA-/); competitive; First Southwest Co. (financial adviser); proceeds to refund university system's series 2002A-B consolidated revenue bonds and commercial paper; pricing Dec. 6.

• $278.055 million series 2011A bonds due 2013 to 2043

• $21.445 million series 2011B bonds due 2013 to 2037

WISCONSIN: $138.26 million series 2011C general obligation bonds; competitive; bonds due 2023 to 2031; proceeds to fund various governmental needs; pricing Dec. 6.

On the Horizon

CALIFORNIA MUNICIPAL FINANCE AUTHORITY/EMERSON COLLEGE: $55 million series 2011 revenue bonds (Baa1/BBB+/); negotiated; Barclays Capital Inc. and Citigroup Global Markets Inc. (lead); proceeds to construct, furnish and equip the Emerson College Los Angeles Center, which will include classrooms and administrative office space, student housing, faculty apartments, retail space and a parking garage.

DALLAS INDEPENDENT SCHOOL DISTRICT (TEXAS): $204.925 million series 2011 unlimited tax refunding bonds; negotiated; RBC Capital Markets LLC (lead); Loop Capital Markets LLC, Morgan Keegan & Co. Inc., Ramirez & Co. Inc. and Southwest Securities Inc. (co-managers); bonds due 2012 to 2028; proceeds to refund a portion of the district's series 2002 unlimited tax school building and refunding bonds and series 2004 unlimited tax school building bonds.

DEKALB COUNTY (GEORGIA): $380 million series 2011A second resolution water and sewerage revenue bonds (Aa3/A+/); negotiated; Siebert Brandford Shank & Co. LLC (lead); Citigroup Global Markets Inc., Raymond James & Associates Inc., Goldman, Sachs & Co., Jackson Securities Inc., Loop Capital Markets LLC, J.P. Morgan Securities LLC and Wells Fargo Securities LLC (co-managers); proceeds to construct, acquire, install and design improvements to the county's water and sewerage system in accordance with the county's 2010-2014 capital improvement plan.

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.

HARRIS COUNTY INDUSTRIAL DEVELOPMENT CORP. (TEXAS): $50 million series 2011 marine terminal revenue bonds (A2/VMIG 1); negotiated; Bank of America Merrill Lynch (lead); bonds due Nov. 1, 2050; proceeds to fund a loan to HFOTCO LLC for the construction of a new ship dock on the Houston Ship Channel.

HEMPSTEAD/HOFSTRA UNIVERSITY (NEW YORK): $73.5 million series 2011 revenue bonds (A3/A/); negotiated; Barclays Capital Inc. and Bank of America Merrill Lynch (lead); bonds due 2020 to 2031 with term bonds due in 2036 and 2041; proceeds to fund the construction, equipment, acquisition and design of a new science building, a new high technology classroom, two pedestrian footbridges, a basketball arena and auxiliary facilities on Fulton Street in Hempstead, N.Y., as well as to refinance the university's series 1998 civic facility revenue bonds issued through the Nassau County Industrial Development Authority and the university's series 1991 revenue bonds, also issued through the Nassau County IDA.

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

KENTUCKY ECONOMIC DEVELOPMENT AUTHORITY/BAPTIST HEALTH CARE SYSTEM OBLIGATED GROUP: $140 million series 2011 hospital revenue bonds (A1//AA-) negotiated; Goldman, Sachs & Co. (lead); BB&T Capital Markets LLC; J.J.B. Hilliard, W.L. Lyons LLC; and J.P. Morgan Securities LLC; proceeds to reimburse the obligated group for costs associated with the construction, equipment and expansion of a medical building extension to the existing Central Baptist Hospital in Lexington, Ky.; the construction, acquisition and expansion of new fixtures, equipment, computer software and hardware and other improvements at the Western Baptist Hospital in Paducah, Ky.; and the acquisition, construction and expansion of new fixtures, equipment, computer software and hardware and other improvements at Baptist Hospital East in St. Matthews, Ky.

MIDDLEBURG HEIGHTS/SOUTHWEST GENERAL HEALTH CENTER (OHIO): $63 million series 2011 hospital facilities revenue and refunding bonds (A2); negotiated; Ziegler Capital Markets Inc. and PNC Capital Markets LLC (lead); proceeds to construct, acquire, equip and install a new 30,000 square-foot emergency department, construct a parking garage, repurpose the existing emergency department and expand and reallocate critical care beds, as well as refund the health center's series 1995 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

OKLAHOMA TURNPIKE AUTHORITY: $159.19 million series 2011B Oklahoma Turnpike System second senior revenue bonds (Aa3/AA-/AA-); negotiated; J.P. Morgan Securities LLC (lead); BOSC Inc., Edward D. Jones & Co. and Wells, Nelson & Associates Inc. (co-managers); bonds due 2014 to 2031; proceeds will be used to finance capital costs associated with turnpike system improvements and projects.

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.

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