Municipals Calendar: Texas Tech preps $170.64 million bond deal

Week of January 2

January 5

SUFFOLK COUNTY WATER AUTHORITY (NEW YORK): $83.635 million series 2012 water system revenue bonds (/AA+/AAA); competitive; Goldman, Sachs & Co. (financial consultant); bonds due 2019 to 2026; proceeds to refund existing water system revenue bonds; pricing Jan. 5.

TEXAS TECH UNIVERSITY SYSTEM: $170.64 million series 2012A revenue financing system refunding and improvement bonds; negotiated; RBC Capital Markets LLC and Wells Fargo Securities LLC (lead); Estrada Hinojosa & Co. Inc., Morgan Keegan & Co. Inc., J.P. Morgan Securities LLC and Stephens Inc. (co-managers); bonds due 2012 to 2031 with term bonds due in 2036 and 2041; proceeds to acquire, purchase, construct, renovate, improve, enlarge and equip property, buildings, structures, facilities, roads or related infrastructure for the university system, as well as to refund certain outstanding commercial paper notes and outstanding parity obligations; pricing Jan. 5.

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

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.

JACKSON REDEVELOPMENT AUTHORITY (MISSISSIPPI): $90 million series 2011 urban renewal revenue bonds; negotiated; Rice Financial Products Co. (lead); proceeds to finance capital projects in Jackson, Miss.

ORANGE COUNTY (CALIFORNIA): $240 million series 2012A taxable pension obligation bonds (Aa2/A+/); negotiated; Morgan Stanley & Co. LLC (lead); bonds due 2012 to 2013; proceeds to refund county's series 2012 debenture.

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.

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.

VERNON (CALIFORNIA): $74,355,000 series 2012 electric system revenue bonds; negotiated; De La Rosa & Co. Inc. (lead); proceeds to make capital improvements to city's electric system, including upgrades to distribution facilities and expansions to existing substations.

• $39.53 million series 2012A bonds

• $34,825,000 series 2012B bonds

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