Municipals Calendar: Commonwealth Transportation preps sale

WEEK OF MAY 9

CHARLOTTE-MECKLENBURG HOSPITAL AUTHORITY/CAROLINAS HEALTHCARE SYSTEM (NORTH CAROLINA): $149.995 million series 2011A health care revenue bonds (Aa3/AA-/); negotiated; Merrill Lynch and J.P. Morgan Securities LLC (lead); Citigroup Global Markets Inc. and Wells Fargo Securities LLC (co-managers); bonds due 2012 to 2021 with term bonds due 2026, 2031 and 2042; proceeds to construct, equip, renovate and acquire health care facilities as part of the health care system's five-year capital plan; pricing week of May 9.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $332.88 million series 2011 school districts revenue bond financing revenue bonds; negotiated; Jefferies & Co. and RBC Capital Markets LLC (lead); Roosevelt & Cross Inc., Barclays Capital Markets Inc., Citigroup Global Markets Inc., KeyBanc Capital Markets LLC, Morgan Stanley & Co. Inc., Morgan Keegan & Co. Inc., Oppenheimer & Co. Inc., Ramirez & Co. Inc., Raymond James & Associates Inc., Rice Financial Products Co., Siebert Brandford Shank & Co. LLC, Stifel, Nicolaus & Co. Inc. and Wells Fargo Securities LLC (co-managers); proceeds to finance school district capital facilities and capital equipment, as well as refinance bond anticipation notes; pricing week of May 9.

• $267.825 million series 2011A bonds (A1/A+/A+)

• $39.75 million series 2011B bonds (A3/A+/A+)

• $7.885 million series 2011C bonds (Aa3/A+/A+)

• $17.42 million series 2011D bonds (A2/A+/A+)

PUBLIC UTILITY DISTRICT NO. 1 OF CHELAN COUNTY (WASHINGTON): $189.33 million series 2011 refunding bonds (Aa2/AA/AA+); negotiated; Barclays Capital Inc. (lead); J.P. Morgan Securities LLC, Morgan Stanley & Co. Inc. and Merrill Lynch (co-managers); 2011A bonds due 2012 to 2026 with term bonds; 2011B bonds due 2012 to 2026 with term bonds; proceeds to refund senior consolidated system bonds; pricing week of May 9.

• $114.735 million series 2011A AMT bonds

• $74.595 million series 2011B AMT bonds

MAY 10

KANSAS DEVELOPMENT FINANCE AUTHORITY/KANSAS DEPARTMENT OF HEALTH AND ENVIRONMENT: $51.62 million series 2011A Kansas revolving fund revenue bonds (/AAA/AAA); competitive; Public Financial Management Inc. (financial adviser); bonds due 2013 to 2031 with a term bond; proceeds to fund existing loan commitments to the Kansas Department of Health and Environment under drinking water loan fund; pricing May 10.

MAY 11

COMMONWEALTH TRANSPORTATION BOARD (VIRGINIA): $600 million series 2011 transportation capital projects revenue bonds (//AA+); competitive; bonds due 2012 to 2036; proceeds to fund transportation infrastructure projects; pricing May 11.

MAY 12

FLORIDA PORTS FINANCING COMMISSION: $153.485 million series 2011 state transportation trust fund refunding revenue bonds (Aa3/AA+/AA); negotiated; Citigroup Global Markets Inc.; Merrill Lynch, Morgan Stanley & Co. Inc. and Siebert Brandford Shank & Co. LLC (co-managers); 2011A bonds due 2013 to 2027; 2011B bonds due 2012 to 2021 with term bond due in 2027; proceeds to refund commission's series 1996 bonds; pricing May 12.

• $10.59 million series 2011A non-AMT bonds

• $142.895 million series 2011B AMT bonds

FLORIDA PORTS FINANCING COMMISSION: $116.43 million series 2011 state transportation trust fund refunding revenue bonds (Aa3/AA+/AA); negotiated; Citigroup Global Markets Inc. (lead); Merrill Lynch, Morgan Stanley & Co. Inc. and Siebert Brandford Shank & Co. LLC (co-managers); 2011A bonds due 2012 to 2029; 2011B bonds due 2011 to 2021 with term bond due in 2029; proceeds to refund series 1999 bonds; pricing May 12.

• $66.74 million series 2011A non-AMT bonds

• $49.69 million series 2011B AMT bonds

ILLINOIS FINANCE AUTHORITY/METHODIST MEDICAL CENTER OF ILLINOIS: $51.22 million series 2011B variable-rate demand revenue bonds (Aa3/VMIG 1//A+/F1); negotiated; Morgan Stanley & Co. Inc. (lead); proceeds to refinance taxable debt issued to construct, equip, acquire and renovate Methodist Medical facilities; pricing May 12.

MARICOPA COUNTY COMMUNITY COLLEGE DISTRICT (ARIZONA): $150 million series 2011 general obligation bonds (Aaa/AAA/AAA); negotiated; Citigroup Global Markets Inc. (lead); Bank of America Merrill Lynch, J.P. Morgan Securities LLC, Ramirez & Co. Inc. and Wedbush Securities Inc. (co-managers); bonds due 2016 to 2025; proceeds to upgrade district's educational facilities, as well as purchase equipment; pricing May 12.

MASSACHUSETTS INSTITUTE OF TECHNOLOGY: $500 million series 2011 taxable bonds (Aaa/AAA/); negotiated; Barclays Capital Inc. (lead); J.P. Morgan Securities LLC and Morgan Stanley & Co. Inc. (co-managers); proceeds to support current or future capital plans, as well as refinance debt; pricing May 12.

WEEK OF MAY 16

MAY 17

ALBAMA PUBLIC SCHOOL AND COLLEGE AUTHORITY: $79.32 million series 2011 capital improvement bonds (Aa1/AA/AA+); competitive; Public FA Inc. (financial adviser); proceeds to repair and purchase equipment for qualified public schools and refund authority's series 2001A bonds; pricing May 17.

• $51.27 million series 2011A capital improvement pool QZAB bonds

• $28.05 million series 2011B capital improvement pool refunding bonds

MIAMI-DADE COUNTY (FLORIDA): $350.93 million series 2011 general obligation and G.O. refunding bonds (Aa2/AA-/); competitive; Public Financial Management Inc. (financial adviser); 2011A bonds due 2012 to 2041; 2011B bonds due 2011 to 2026; 2011C bonds due 2011 to 2026; proceeds to fund public infrastructure projects and refund series 1999 bonds; pricing May 17.

• $196.985 million series 2011A Building Better Communities Program general obligation bonds

• $38.055 million series 2011B parks program general obligation refunding bonds

• $115.89 million series 2011C seaport general obligation refunding bonds

ON THE HORIZON

BAPTIST HEALTH SOUTH FLORIDA: $250 million series 2011 taxable notes (/AA/); negotiated; Merrill Lynch; proceeds for general corporate purposes.

CONNECTICUT: $326.915 million series 2011 general obligation bonds; negotiated; M.R. Beal & Co. Inc. (lead); Bank of America Merrill Lynch; J.P. Morgan Securities LLC; Loop Capital Markets LLC; Wells Fargo Bank, NA; Barclays Capital Inc.; Blaylock Robert Van LLC; Citigroup Global Markets Inc.; Corby Capital Markets Inc.; Goldman, Sachs & Co.; Melvin & Co. LLC; Morgan Stanley & Co. Inc.; Prager, Sealy & Co. LLC; Raymond James & Associates Inc.; RBC Capital Markets LLC; Roosevelt & Cross Inc.; and Siebert Brandford Shank & Co. LLC (co-managers); 2011B tax-exempt bonds due 2019 to 2023; 2011B taxable bonds due 2012 to 2015; proceeds to fund capital requirements and retire bond anticipation notes.

• $237.87 million series 2011B tax-exempt general obligation bonds

• $89.045 million series 2011B taxable general obligation 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

HOUSTON HIGHER EDUCATION FINANCE CORP./COSMOS FOUNDATION, INC. (TEXAS): $65.065 million series 2011 education revenue bonds (/BBB/); negotiated; Morgan Keegan & Co. Inc. and Jefferies & Co. (lead); 2011A bonds due 2021, 2031 and 2041; proceeds to finance or refinance construction, equipment and acquisition of three new charter schools in Houston.

• $59.98 million series 2011A bonds

• $5.085 million series 2011Q taxable bonds

ILLINOIS FINANCE AUTHORITY/THE CARLE FOUNDATION: $230.83 million series 2011A revenue bonds (/A+/AA-); negotiated; Barclays Capital Inc. and Goldman, Sachs & Co. (lead); Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. Inc. (co-managers); proceeds to reimburse the foundation for costs of constructing, equipping, acquiring and renovating its health care facilities, as well as to refinance existing debt.

ILLINOIS FINANCE AUTHORITY/UNIVERSITY OF CHICAGO MEDICAL CENTER: $90 million series 2011C revenue bonds (Aa3/AA-/AA-); negotiated; J.P. Morgan Securities LLC (lead); Merrill Lynch, Wells Fargo Securities LLC, Cabrera Capital Markets LLC and Loop Capital Markets LLC (co-managers); proceeds to finance or reimburse the medical center for construction of the new hospital pavilion.

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.

MASSACHUSETTS WATER RESOURCES AUTHORITY: $150 million series 2011B general revenue bonds (Aa1/AA+/AA+); negotiated; J.P. Morgan Securities LLC (lead); Barclays Capital Inc., Merrill Lynch, Citigroup Global Markets Inc., Jefferies & Co., Fidelity Capital Markets Services Inc., Janney Montgomery Scott LLC, Morgan Stanley & Co. Inc., Ramirez & Co. Inc. and Wells Fargo Securities LLC (co-managers); bonds due 2012 to 2031 with term bonds due 2036 and 2041; proceeds to fund capital improvements, including the construction and maintenance of water and sewer systems.

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

OKLAHOMA STUDENT LOAN AUTHORITY: $213.5 million series 2011-1 taxable Libor Oklahoma student loan bonds (/AAA/AAA); negotiated; Merrill Lynch; bonds due June 1, 2040; proceeds to acquire eligible student loans from lenders or holders in the authority's network, as well as refund authority's series 2008I-A1 variable-rate bonds.

PUERTO RICO INDUSTRIAL, TOURIST, EDUCATIONAL, MEDICAL AND ENVIRONMENTAL CONTROL FACILITIES FINANCING AUTHORITY: $103.23 million series 2011A hospital revenue and revenue refunding bonds (/A-/); negotiated; J.P. Morgan Securities LLC and Morgan Stanley & Co. Inc. (lead); FirstBank Puerto Rico Securities and Popular Securities (co-managers); bonds due 2015 to 2021 with term bonds due 2026 and 2033; proceeds to refund existing hospital revenue bonds.

SACRAMENTO CITY UNIFIED SCHOOL DISTRICT (CALIFORNIA): $50 million series 2010-2011 tax and revenue anticipation notes; negotiated; De La Rosa & Co. Inc. (lead); notes due Nov. 2, 2011; proceeds to fund general operating expenses ahead of the collection of taxes and revenues.

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.

SUMTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/CENTRAL FLORIDA HEALTH ALLIANCE: $72.025 million series 2011A hospital revenue refunding and improvement bonds (Baa1/BBB+/); negotiated; RBC Capital Markets LLC and PNC Capital Markets LLC (lead); proceeds to fund improvements, additions and expansions to Central Florida Health facilities, including the addition of new inpatient beds and expansion of alliance's emergency department, as well as refund debt.

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