Municipals Calendar: Suffolk County prepares $400 million note deal

Week of December 12

CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY/UNIVERSITY OF CALIFORNIA IRVINE EAST CAMPUS APARTMENTS PHASE I REFUNDING - CHF - IRVINE LLC: $96.17 million series 2011 student housing revenue bonds (Baa2); proceeds to construct a student housing facility at the University of California at Irvine campus in Irvine, Calif.; pricing week of Dec. 12.

DISTRICT OF COLUMBIA: $410.47 million series 2011 income tax secured revenue bonds; negotiated; Wells Fargo Securities LLC (lead); Barclays Capital Inc.; Loop Capital Markets LLC; Bank of America Merrill Lynch; J.P. Morgan Securities LLC; M.R. Beal & Co. Inc.; Rice Financial Products Co.; RBC Capital Markets LLC; and TD Securities (USA) LLC (co-managers); proceeds to pay for or reimburse the city for the costs of capital projects; pricing week of Dec. 12.

• $200 million series 2011F bonds due 2012 to 2026 with term bond due in 2036

• $210.47 million series 2011G bonds due 2026 to 2035

MARYLAND STADIUM AUTHORITY: $102.03 million series 2011 sports facility lease revenue refunding bonds (Aa2/AA+/AA); negotiated; Barclays Capital Inc. (lead); Bank of America Merrill Lynch; Goldman, Sachs & Co.; PNC Capital Markets LLC; and Wells Fargo Securities LLC (co-managers); bonds due 2012 to 2019; proceeds to refund the authority's series 2002 sports facility lease revenue bonds and terminate a swap agreement connected to the bonds; pricing week of Dec. 12.

MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA: $268.585 million series 2011 revenue bonds; negotiated; Goldman, Sachs & Co. (lead); Barclays Capital Inc., BMO Capital Markets LLC, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, US Bancorp Inc. and Wells Fargo Securities LLC (co-managers); proceeds to fund capital improvements to various projects operated by the authority; pricing week of Dec. 12.

• $121.74 million series three taxable power revenue bonds due 2013 to 2028

• $44.985 million series 2011D taxable project one subordinate bonds due 2014 to 2017 and 2020 to 2021

• $57.36 million series 2011A taxable general power revenue bonds due 2013 to 2028

• $39.5 million series 2011D taxable general resolution projects subordinate bonds due 2018 and 2021

NEW YORK CITY HOUSING DEVELOPMENT CORP.: $302.515 million series 2011 multifamily housing revenue bonds (Aa2); negotiated; J.P. Morgan Securities LLC (lead); proceeds to fund multifamily mortgage loans; pricing week of Dec. 12.

OKLAHOMA CITY (OKLAHOMA): $80.225 million series 2012 general obligation refunding bonds (Aaa/AAA/); negotiated; J.P. Morgan Securities LLC (lead); BOSC Inc., Robert W. Baird & Co. Inc. and Wells, Nelson & Associates LLC (co-managers); bonds due 2013 to 2025; proceeds to refund city's series 2002 G.O. bonds, 2002 G.O. refunding bonds, 2003 G.O. bonds, 2004 G.O. bonds and 2005 G.O. bonds; pricing week of Dec. 12.

ORLEANS PARISH SCHOOL BOARD OF THE PARISH OF ORLEANS (LOUISIANA): $79.055 million series 2011B taxable qualified school construction bonds (/A+/); negotiated; Morgan Keegan & Co. Inc. (underwriter); bonds due Feb. 1, 2012; proceeds to construct qualified school facilities within the parish; pricing week of Dec. 12.

PUERTO RICO INFRASTRUCTURE FINANCING AUTHORITY: $568.215 million series 2011 Ports Authority project revenue bonds (Baa1/BBB/); negotiated; Wells Fargo Securities LLC and RBC Capital Markets LLC (lead); Barclays Capital Inc.; Bank of America Merrill Lynch; BMO Capital Markets LLC; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; Jefferies & Co.; J.P. Morgan Securities LLC; Morgan Stanley & Co. LLC; Ramirez & Co. Inc.; Raymond James & Associates Inc.; UBS Financial Services Puerto Rico; BBVAPR MSD; FirstBank Puerto Rico Securities; Oriental Financial Services; Popular Securities; Santander Securities; Scotia MSD; and VAB Financial (co-managers); proceeds will be used to pay certain amounts owed to the Puerto Rico Electric Power Authority by the Ports Authority, to repay loans and lines of credit issued by the Government Development Bank, to repay commercial loans and to terminate swap agreements connected to those loans; pricing week of Dec. 12.

• $283.205 million series 2011A taxable bonds

• $163.54 million series 2011B tax-exempt bonds

• $121.47 million series 2011C tax-exempt bonds

VIRGINIA HOUSING DEVELOPMENT AUTHORITY: $156.115 million series 2011E taxable rental housing bonds (Aa1/AA+/); negotiated; Morgan Keegan & Co. Inc. (underwriter); bonds due 2013 to 2024 with term bond due in 2028; proceeds to redeem existing rental housing bonds and purchase multifamily housing bonds; pricing week of Dec. 12.

December 15

NORTH CAROLINA: $156 million series 2011 grant anticipation revenue vehicle bonds (Aa2/AA/AA-); negotiated; Bank of America Merrill Lynch (lead); are Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Loop Capital Markets LLC and Wells Fargo Securities LLC (co-managers); bonds due March 1, 2023; proceeds to finance federal aid highway projects; pricing Dec. 15.

PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCE AUTHORITY: $112 million series 2011 governmental lease revenue bonds (Aa3); negotiated; Citigroup Global Markets Inc. (lead); proceeds to purchase a building and parking garage located adjacent to the state capitol building, which is currently occupied mostly by commonwealth offices; pricing Dec. 15.

SUFFOLK COUNTY (NEW YORK): $400 million series 2012 tax anticipation notes (//F1+); competitive; proceeds to fund capital expenditures ahead of the collection of taxes; pricing Dec. 15.

Week of December 19

December 19

COLLIER COUNTY (FLORIDA): $94.705 million series 2011 special obligation refunding revenue bonds (/AA/AA); competitive; Public Financial Management Inc. (financial adviser); bonds due 2012 to 2029; proceeds to refund series 2003 and 2005 bonds, which were used to finance the construction and equipment of a county jail, county development complex and other capital projects; pricing Dec. 19.

Day to Day

ORANGE COUNTY SCHOOL BOARD (FLORIDA): $58.53 million series 2012A refunding certificates of participation (Aa3/AA-/AA); negotiated; Citigroup Global Markets Inc. (lead); proceeds to refund board's series 2001A certificates of participation for a debt service savings; pricing day to day.

On the Horizon

CHICAGO BOARD OF EDUCATION: $95.1 million series 2011C unlimited tax general obligation refunding bonds; negotiated; J.P. Morgan Securities LLC (lead); proceeds to refund G.O. bonds.

• $51 million series 2011C-1 bonds

• $44.1 million series 2011C-2 bonds

CONNECTICUT HOUSING FINANCE AUTHORITY: $66.98 million series 2011F housing mortgage program bonds; negotiated; Bank of America Merrill Lynch; Goldman, Sachs & Co.; J.P. Morgan Securities LLC; and Morgan Stanley & Co. LLC (lead for 2011F-1 and 2011F-2); Citigroup Global Markets Inc. (sole underwriter for 2011F-3); Barclays Capital Inc.; Grigsby & Associates Inc.; Janney Montgomery Scott LLC; Jefferies & Co.; M.R. Beal & Co. Inc.; Morgan Keegan & Co. Inc.; Ramirez & Co. Inc.; Rice Financial Products Co.; Roosevelt & Cross Inc.; and Wells Fargo Securities LLC (co-managers for 2011F-1 and 2011F-2 bonds); proceeds to refund debt and make mortgage loans.

• $34.81 million series 2011F-1 bonds due 2012 to 2021 with term bonds due in 2026, 2031, 2041 and 2053

• $1.91 million series 2011F-2 bonds due Nov. 15, 2031

• $30.26 million series 2011F-3 bonds due Nov. 15, 2041

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/MANHATTAN COLLEGE: $55 million (maximum); negotiated; proceeds to construct a student commons building and refund the college's series 2000 insured revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/MEMORIAL SLOAN-KETTERING CANCER CENTER: $340 million fixed- or variable-rate tax-exempt bonds; negotiated; Goldman, Sachs & Co. (lead); proceeds to refund cancer center's series 2003-1 revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/ROCKEFELLER UNIVERSITY: $90 million (maximum); negotiated; J.P. Morgan Securities LLC (lead); proceeds to refund university's series 1998 and 2002A-1 revenue 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.

HOSPITAL AUTHORITY OF THE COUNTY OF BEAVER/HERITAGE VALLEY HEALTH SYSTEM INC. (PENNSYLVANIA): $67.055 million series 2012 revenue bonds (A1/AA-/A+); negotiated; Barclays Capital Inc. (sole); bonds due 2012 to 2023 with term bonds due 2026 and 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.

PUERTO RICO GOVERNMENT DEVELOPMENT BANK: $500 million series 2011G senior notes; negotiated; J.P. Morgan Securities LLC (lead); Bank of America Merrill Lynch; Barclays Capital Inc.; Citigroup Global Markets; Goldman, Sachs & Co.; Morgan Stanley & Co. LLC; RBC Capital Markets LLC; Ramirez & Co. Inc.; Wells Fargo Securities LLC; BBVAPR MSD; FirstBank Puerto Rico Securities Inc.; Santander Securities Inc.; Scotia MSD; and UBS Financial Services Puerto Rico (co-managers); proceeds for general corporate purposes, including expanding the bank's investment portfolio and making loans to and purchasing obligations from government entities within the commonwealth.

PUERTO RICO GOVERNMENT DEVELOPMENT BANK: $500 million series 2011H senior notes; negotiated; Santander Securities Inc. (lead); Bank of America Merrill Lynch, Popular Securities Inc., UBS Financial Services Puerto Rico, Barclays Capital Inc., BBVAPR MSD, Citigroup Global Markets Inc., Citigroup Global Markets Inc., FirstBank Securities Inc., Oriental Financial Services Inc., Ramirez & Co. Inc., Raymond James & Associates Inc. and Scotia MSD (co-managers); proceeds to increase the bank's investment portfolio, make loans to governmental entities within the commonwealth and redeem the bank's series 2009C-D and 2010A senior notes.

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