Municipals Calendar: Moses Cone Health plans $60.25 million deal

WEEK OF FEBRUARY 7

NORTH CAROLINA MEDICAL CARE COMMISSION/MOSES CONE HEALTH SYSTEM: $60.25 million series 2011A revenue refunding bonds (/AA/AA); negotiated; Morgan Stanley & Co. Inc. (lead); BB&T Capital Markets, Bank of America Merrill Lynch, Edward Jones & Co. and Wells Fargo Securities LLC (co-managers); bonds due 2013 to 2023; proceeds to refund health care system's series 1993 bonds; pricing week of Feb. 7.

FEBRUARY 8

MINNESOTA STATE COLLEGES AND UNIVERSITIES: $88.07 million series 2011 revenue fund bonds (Aa2/AA-/); competitive; Springsted Inc. (financial adviser); 2011A bonds due 2012 to 2031; 2011B bonds due 2012 to 2021; proceeds to construct a student wellness center and new parking ramp, as well as renovate resident halls and dining halls at various state universities, colleges and community colleges; pricing Feb. 8.

• $84.67 million series 2011A tax-exempt bonds

• $3.4 million series 2011B taxable bonds

FEBRUARY 9

SOUTH CAROLINA: $468.93 million series 2011 general obligation bonds; competitive; Public Resources Advisory (financial adviser); 2011A G.O. state school facilities refunding bonds due 2012 to 2017; 2011A state capital improvement G.O. refunding bonds due 2012 to 2018; 2011A G.O. state institution refunding bonds for University of South Carolina due 2012 to 2022; 2011B G.O. state institution bonds for Clemson University due 2012 to 2031; 2011C G.O. state institution bonds for Midlands Technical College due 2012 to 2031; 2011D G.O. state institution bonds due University of South Carolina due 2012 to 2031; 2011E G.O. state institution bonds for University of South Carolina due 2012 to 2031; proceeds to finance capital improvements to higher educational facilities and refund existing debt; pricing Feb. 9.

• $197.235 million series 2011A general obligation state school facilities refunding bonds

• $126.295 million series 2011A general obligation state capital improvement refunding bonds

• $19.225 million series 2011A state institution refunding bonds for University of South Carolina

• $66.225 million series 2011B state institution bonds for Clemson University

• $15 million series 2011C state institution bonds for Midlands Technical College

• $18.95 million series 2011D state institution bonds for University of South Carolina

• $26 million series 2011E state institution bonds for University of South Carolina

FEBRUARY 10

HOSPITAL AUTHORITY OF VIGO COUNTY/UNION HOSPITAL INC. (INDIANA): $54.52 million series 2011 hospital revenue bonds; negotiated; Raymond James & Associates Inc. (lead); proceeds to renovate and expand hospital's West Building and refund existing debt; pricing Feb. 10.

ON THE HORIZON

CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY/COMMUNITY PROGRAM FOR PERSONS WITH DEVELOPMENTAL DISABILITIES: $80 million series 2011A insured revenue bonds (/A-/); negotiated; Bank of America Merrill Lynch (lead); proceeds to refinance outstanding acquisition loans held by the Community Program for Persons with Developmental Disabilities.

CHICAGO/CHICAGO O'HARE INTERNATIONAL AIRPORT: $998.855 million series 2011 passenger facility charge revenue bonds; negotiated; Citigroup Global Markets Inc. and Siebert Brandford Shank & Co. LLC (lead); Barclays Capital Inc.; Estrada Hinojosa & Co. Inc.; Jackson Securities Inc.; Jefferies & Co.; Melvin & Co.; Morgan Keegan & Co. Inc.; PNC Capital Markets LLC; Ramirez & Co. Inc.; Rice Financial Products Co.; and Toussaint Capital Partners LLC (co-managers); proceeds to make capital improvements at the airport, refund grant anticipation bonds and commercial paper notes and make debt service payments.

• $417.04 million series 2011A passenger facility charge non-AMT revenue bonds

• $43.58 million series 2011B passenger facility charge non-AMT revenue refunding bonds

• $127.065 million series 2011C passenger facility charge AMT revenue refunding bonds

• $411.17 million series 2011A grant receipts and subordinate-lien passenger facility charge revenue bonds

GREATER ORLANDO AVIATION AUTHORITY (FLORIDA): $90 million series 2010 airport facilities refunding revenue bonds (Aa3/A+/AA-); negotiated; Loop Capital Markets LLC (lead); Bank of America Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (co-managers); 2010C bonds due 2019 to 2028; 2010D bonds due 2011 to 2018; proceeds to refund authority's series 1999A-B bonds.

• $75 million series 2010C AMT bonds

• $15 million series 2010D non-AMT bonds

GROSSMONT HEALTHCARE DISTRICT (CALIFORNIA): $136.86 million election of 2006, series 2011 general obligation bonds (Aa2); negotiated; Goldman, Sachs & Co. (lead); bonds due 2016 to 2031 with term bonds due 2034 and 2040; proceeds to continue capital projects including the completion of hospital tower renovations, a central energy plant, a diagnostic and treatment center and a health occupations training center.

HARRIS COUNTY INDUSTRIAL DEVELOPMENT CORP./DEER PARK REFINANCING LPP (TEXAS): $125 million series 2010 revenue bonds (A2/A/); negotiated; J.P. Morgan Securities LLC (lead); Citigroup Global Markets Inc. and Mitsubishi UFJ Securities (co-managers); Dec. 1, 2020; proceeds to purchase equipment to recover flare gas and finance capital projects to reduce flare at the refinery's Houston facility.

HOSPITALS AND HIGHER EDUCATION FACILITIES AUTHORITY OF PHILADELPHIA/CHILDREN'S HOSPITAL OF PHILADELPHIA: $200 million series 2011A hospital revenue bonds (Aa2/AA/); negotiated; J.P. Morgan Securities LLC (lead); Goldman, Sachs & Co. and Wells Fargo Securities LLC (co-managers); proceeds to construct a five-story ambulatory care center at the hospital, as well as make other repairs, renovations and expansions to the hospital.

ILLINOIS: $3.7 billion series 2011 taxable general obligation bonds; negotiated; Morgan Stanley & Co. Inc., Goldman, Sachs & Co. and Loop Capital Markets LLC (joint bookrunners); Mesirow Financial Inc. and William Blair & Co. (co-senior managers); Blaylock Robert Van LLC, Estrada Hinojosa & Co. Inc., Fidelity Capital Markets Inc., George K. Baum & Co., RBC Capital Markets Corp. and Wells Fargo Bank, NA (co-managers); bonds due 2014 to 2019; proceeds to finance school capital needs and fund state's retirement system requirements.

INDUSTRIAL DEVELOPMENT CORP. OF THE PORT OF BELLINGHAM (WASHINGTON)/BP WEST COAST LLC: $111 million series 2010 environmental facilities industrial revenue bonds; negotiated; Goldman, Sachs & Co.; proceeds to construct sewage treatment and solid waste disposal facilities at BP's Cherry Point Refinery in Whatcom County, Wash.

LANCASTER COUNTY HOSPITAL AUTHORITY/LANCASTER GENERAL HOSPITAL (PENNSYLVANIA): $75 million series 2011 health system revenue bonds (Aa3/AA-/); negotiated; Bank of America Merrill Lynch and RBC Capital Markets LLC (lead); Wells Fargo Securities LLC and Janney Montgomery Scott LLC (co-managers); proceeds to construct, add, expand and improve the hospital laboratory facilities and its angiography suite, as well as refund its series 1998 and 2008 bonds.

MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY (TENNESSEE): $111 million series 2011 refunding revenue bonds (A2/A-/A+); negotiated; Morgan Keegan & Co. Inc. (lead); Cabrera Capital Markets LLC, J.P. Morgan Securities LLC and Duncan-Williams Inc. (co-managers); proceeds to refund airport authority's series 1999D and 2001A bonds.

• $96 million series 2011A AMT bonds

• $15 million series 2011B non-AMT bonds

METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER CHICAGO (ILLINOIS): $500 million series 2010 general obligation capital improvement bonds (Aaa/AAA/AAA); negotiated; J.P. Morgan Securities LLC and Citigroup Global Markets Inc. (lead); Bank of America Merrill Lynch, Barclays Capital Inc., Duncan-Williams Inc., Loop Capital Markets LLC, Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC and William Blair & Co. Inc. (co-managers); 2010A bonds due 2012 to 2014; 2010B bonds due 2015 to 2018; 2010C bonds due 2019 to 2025 with a term bond due 2032; proceeds to construct, remodel, rehabilitate and repair water facilities, flood protection controls and pollution measures.

• $30 million series 2010A taxable bonds

• $70 million series 2010B tax-exempt bonds

• $400 million series 2010C Build America Bonds

PORT OF SEATTLE (WASHINGTON): $106.99 million series 2011 limited tax general obligation and general obligation refunding bonds (Aa1/AAA/AAA); negotiated; Barclays Capital Inc. (lead); Siebert Brandford Shank & Co. LLC, Goldman, Sachs & Co. and Morgan Stanley & Co. Inc. (co-managers); 2011 taxable G.O.s are due 2014 to 2015; G.O. refunding bonds are due 2011 to 2025; proceeds to reimburse port for construction of the Rail Corridor, as well as refund series 2000B bonds.

• $30.305 million series 2011 taxable G.O. bonds

• $76.685 million series 2011 AMT G.O. refunding bonds

PUERTO RICO: $85 million series 2011A public improvement general obligation refunding bonds (A3/BBB-/BBB+); negotiated; Barclays Capital Inc. and Jefferies & Co. (lead); Bank of America Merrill Lynch; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; J.P. Morgan Securities LLC; Morgan Stanley & Co. Inc.; Ramirez & Co. Inc.; Raymond James & Associates Inc.; RBC Capital Markets LLC; UBS Financial Services Inc. of Puerto Rico; Wells Fargo Securities LLC; BBVAPR MSD; FirstBank Puerto Rico Securities; Oriental Financial Services Inc.; Popular Securities; and Santander Securities (co-managers); proceeds to refund existing debt and repay certain Government Development Bank lines of credit.

SAN BERNARDINO CITY UNIFIED SCHOOL DISTRICT (CALIFORNIA): $53.08 million series 2011A taxable certificates of participation (A3/A-/); negotiated; Cabrera Capital Markets LLC and Siebert Brandford Shank & Co. LLC (lead); proceeds to construct new school buildings and make improvements, including new heating, ventilation and air conditioning systems and site abatement for existing school sites.

SAN JOAQUIN COUNTY TRANSPORTATION AUTHORITY (CALIFORNIA): $211.785 million series 2011A Measure K sales tax revenue bonds (Aa3/AA/); negotiated; J.P. Morgan Securities LLC (lead); Barclays Capital Inc. and Citigroup Global Markets Inc. (co-managers); bonds due 2014 to 2031 with term bonds due 2036 and 2041; proceeds to finance transportation projects, defease series 2008 commercial paper notes and fund debt service requirements.

SPECIAL CARE FACILITIES FINANCING AUTHORITY OF THE CITY OF PELL/NOLAND HEALTH SERVICES INC. (ALABAMA): $92.98 million series 2010A revenue bonds (/A-/); negotiated; RBC Capital Markets Corp. (lead); bonds due 2011 to 2020 with term bonds due 2025, 2030 and 2039; proceeds to finance capital improvements to Noland Health facilities, as well as advanced refund authority's series 2007A and refund its series 2009A bonds.

TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS: $59.62 million series 2011A non-AMT residential mortgage revenue bonds; negotiated; Morgan Keegan & Co. Inc. and J.P. Morgan Securities LLC (lead); George K. Baum & Co.; Morgan Stanley & Co. Inc.; Fidelity Capital Markets; FirstSouthwest Co.; and Piper Jaffray & Co. (co-managers); bonds due 2012 to 2022 with term bonds due 2024, 2026 and 2029; proceeds to fund mortgage loans.

TOHOPEKALIGA WATER AUTHORITY (FLORIDA): $99.58 million series 2010A utility system revenue refunding bonds (Aa3/AA+/); negotiated; FirstSouthwest Co. (lead); proceeds to refund authority's series 2007 bonds and terminate a swap agreement connected to those bonds.

WACO EDUCATION FINANCE CORP./BAYLOR UNIVERSITY (TEXAS): $103.85 million series 2010 tax-exempt revenue and refunding bonds (/AA-/AA-); negotiated; Barclays Capital Inc. and Bank of America Merrill Lynch (lead); bonds due 2011 to 2025 with term bonds due 2032 and 2040; proceeds to finance construction of a new athletic-academic complex on Baylor campus, acquire real property for university, refund university's series 2008B bonds and refinance series A commercial paper.

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