Municipals Calendar: Houston to price $450 million of revenue bonds

WEEK OF JUNE 6

FRANKLIN COUNTY/OHIOHEALTH CORP. (OHIO): $316.7 million series 2011 hospital facilities revenue and refunding bonds; negotiated; Barclays Capital Inc. (sole); proceeds to finance or refinance construction, acquisition, equipment and improvement of existing health care system facilities, as well as to refund OhioHealth's series 2006 bonds; pricing week of June 6.

• $130 million series 2011A revenue bonds

• $62.23 million series 2011B refunding bonds

• $62.235 million series 2011C refunding bonds

• $62.235 million series 2011D refunding bonds

HOUSTON (TEXAS): $450 million series 2011D first lien combined utility system revenue bonds (Aa2/AA/); negotiated; Bank of America Merrill Lynch (lead); Estrada Hinojosa & Co. Inc., J.P. Morgan Securities LLC, Goldman, Sachs & Co., Mesirow Financial Inc., Piper Jaffray & Co., Rice Financial Products Co. and Wells Fargo Securities LLC (co-managers); proceeds to extend, construct, improve and repair city's utility systems, as well as refund series B commercial paper notes; pricing week of June 6.

IMPERIAL IRRIGATION DISTRICT (CALIFORNIA): $76.78 million series 2011B electric system refunding revenue bonds (A1/AA-/A+); negotiated; Goldman, Sachs & Co. and Citigroup Global Markets Inc. (lead); bonds due 2012 to 2041; proceeds to refund district's series A notes, which were used to finance a portion of the El Centro Unit 3 Repower Project; pricing week of June 6.

KENT HOSPITAL FINANCE AUTHORITY/SPECTRUM HEALTH SYSTEM (MICHIGAN): $106.355 million series 2011A revenue and refunding bonds (Aa3/AA/); negotiated; J.P. Morgan Securities LLC and Citigroup Global Markets Inc. (lead); proceeds to reimburse the health system for construction, improvements, acquisitions and repairs to existing Spectrum Health hospitals, as well as to refund Spectrum Health's series 2005B and 2008B-1 bonds; pricing week of June 6.

MASSACHUSETTS PORT AUTHORITY: $211.56 million series 2011 ConRAC project special facilities revenue bonds (A3/A/A-); negotiated; Citigroup Global Markets Inc. (lead); Morgan Keegan & Co. Inc., Barclays Capital Inc., Fidelity Capital Markets LLC and Jefferies & Co. (co-managers); 2011A bonds due July 1, 2041; 2011B bonds due 2012 to 2021 with term bonds due July 1, 2031 and July 1, 2038; proceeds to construct and equip a consolidated rental car facility at Boston-Logan International Airport; pricing week of June 6.

• $58.495 million series 2011A non-AMT bonds

• $153.065 million series 2011B taxable bonds

MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY (TENNESSEE): $79.625 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 authority's series 1999D and 2001A-B bonds; pricing week of June 6.

• $17.555 million series 2011B AMT bonds

• $20.785 million series 2011C AMT bonds

• $41.285 million series 2011D non-AMT bonds

TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP./BAYLOR HEALTH CARE SYSTEM (TEXAS): $98.925 million series 2011A hospital revenue bonds (Aa2/AA-/); negotiated; Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (lead); Estrada Hinojosa & Co. Inc., Rice Financial Products Co. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to construct, equip, acquire and furnish a 95-bed acute hospital in McKinney, Texas, new operating rooms at the Medical Center in Dallas, new Samson Cancer Center at the Medical Center in Dallas and other improvements and additions to Baylor Health facilities, as well as to refund the health care system's series 2006C bonds; pricing week of June 6.

JUNE 8

MADISON AREA TECHNICAL COLLEGE DISTRICT (WISCONSIN): $57.1 million series 2011-12A general obligation school improvement bonds; competitive; PMA Securities Inc. (financial adviser); bonds due 2012 to 2031; proceeds to acquire and improve new building sites, construct and equip new school facilities and restore, refurbish and renovate existing college facilities; pricing June 8.

JUNE 9

JACKSONVILLE (FLORIDA): $87.975 million series 2011B special revenue bonds (Aa2/AA-/AA); competitive; Public Financial Management, Inc. (financial adviser); bonds due 2013 to 2021; proceeds to finance capital projects under the Better Jacksonville program; pricing June 9.

SANTA CLARA UNIFIED SCHOOL DISTRICT (CALIFORNIA): $197.24 million series 2011 general obligation bonds (/AA/); competitive; Government Financial Strategies Inc. (financial adviser); election of 2010 series 2011 bonds due 2012 to 2036; election of 2004 series 2011A bonds due 2013 to 2036; election of 2004 series 2011B bonds due 2020 to 2027; proceeds to fund improvements to real property for school construction; pricing June 9.

• $81.1 million election of 2010 series 2011 G.O. bonds

• $91.14 million election of 2004 series 2011A tax-exempt G.O. bonds

• $25 million election of 2004 series 2011B taxable G.O. bonds

WEEK OF JUNE 13

JUNE 15

HOUSTON: $220 million series 2011 tax and revenue anticipation notes (/SP-1+/F1+); competitive; First Southwest Co. and TKG & Associates LLC (financial advisers); notes due June 29, 2012; proceeds to finance capital expenditures ahead of the collection of taxes and revenues; pricing June 15.

JUNE

HIGHER EDUCATION LOAN AUTHORITY OF THE STATE OF MISSOURI: $579 million series 2011-1 student loan asset-backed Libor floating-rate notes (/AAA/AAA); negotiated; Morgan Stanley & Co. Inc. (lead); proceeds to acquire student loans; pricing in June.

ON THE HORIZON

EDUCATION REFORM SUCCESS INC. (GEORGIA): $105.635 million series 2011 certificates of participation; negotiated; Citigroup Global Market Inc. and Morgan Keegan & Co. Inc. (lead); proceeds to construct, acquire, equip and furnish a new high school to replace North Atlanta High School.

• $72.46 million series 2011A taxable qualified school construction bonds

• $33.175 million series 2011B tax-exempt COPs

ENERGY NORTHWEST (WASHINGTON): $421.78 million revenue and refunding bonds; negotiated; Citigroup Global Markets Inc. and Bank of America Merrill Lynch (lead); 2011C Columbia Generating Station taxable bonds due July 1, 2019; 2012A Project 1 bonds due 2013 to 2017; 2012A Columbia Generating Station refunding bonds due 2018 to 2021; 2012A Project 3 bonds due July 1, 2018; proceeds to pay costs associated with operating the Columbia Generating Station and refund existing Project 1, Columbia Generating Station and Project 3 bonds.

• $3.085 million series 2011C Columbia Generating Station taxable electric revenue bonds

• $156.02 million series 2012A Project 1 electric revenue refunding bonds

• $194.53 million series 2012A Columbia Generating Station electric revenue refunding bonds

• $68.145 million series 2012A Project 3 electric revenue refunding bonds

FLORIDA DEVELOPMENT FINANCE CORP./REINAISSANCE CHARTER SCHOOLS INC.: $88.475 million series 2011 educational facilities revenue bonds (//BB+); negotiated; B.C. Ziegler & Co. (lead); proceeds to finance and refinance construction, acquisition and equipment of charter schools in Broward, Duval and Miami-Dade counties.

• $85.135 million series 2011A tax-exempt bonds

• $3.34 million series 2011B taxable bonds

FLORIDA HOUSING FINANCE CORP.: $60 million series 2011B non-AMT homeowner mortgage revenue bonds; negotiated; Morgan Stanley & Co. Inc. (lead); Citigroup Global Markets Inc., RBC Capital Markets LLC, Bank of America Merrill Lynch, George K. Baum & Co., Janney Montgomery Scott LLC and Morgan Keegan & Co. Inc. (co-managers); bonds due 2013 to 2021 with term bonds due 2026 and 2029; proceeds to fund mortgage loans.

HUDSONVILLE PUBLIC SCHOOLS (MICHIGAN): $82 million series 2011 unlimited tax school building and site general obligation bonds; negotiated; Fifth Third Securities Inc. (lead); The Huntington Investment Co. and Stifel, Nicolaus & Co. Inc. (co-managers); bonds due 2012 to 2028 with term bonds due 2031, 2033, 2036 and 2041; proceeds to construct, equip and furnish a new high school, auditorium, pool, elementary school and transportation facility building, as well as renovate and repair existing school facilities.

LOS ANGELES COUNTY (CALIFORNIA): $1.3 billion series 2011-12 tax and revenue anticipation notes; negotiated; J.P. Morgan Securities LLC (lead); Citigroup Global Markets Inc., Goldman, Sachs & Co., Backstrom McCarley Berry & Co. LLC, Loop Capital Markets LLC, Piper Jaffray & Co. and Raymond James & Associates Inc. (co-managers); proceeds to finance cash flow requirements ahead of the collection of taxes and revenues.

MUNICIPAL GAS AUTHORITY OF GEORGIA: $50 million gas revenue bonds (A1/AA-/A+); negotiated; J.P. Morgan Securities and Wells Fargo Securities LLC (lead); proceeds to provide funds to Public Gas Partners Inc. to refinance costs of acquiring certain gas reserves, as well as to refund authority's series J bonds.

• $30 million series L bonds

• $10 million series M bonds

• $10 million series N bonds

NEW YORK STATE THRUWAY AUTHORITY: $408.775 million series 2011A second general highway and bridge trust fund bonds; negotiated; Citigroup Global Markets Inc. and Ramirez & Co. Inc. (lead); Bank of America Merrill Lynch, Jefferies & Co., Loop Capital Markets LLC, BB&T Capital Markets, Fidelity Capital Markets Inc., KeyBanc Capital Markets Inc., Morgan Keegan & Co. Inc., Morgan Stanley & Co. Inc. and Southwest Securities Inc. (co-managers); bonds due 2012 to 2031; proceeds to fund projects included in authority's multi-year highway and bridge capital plan.

OKLAHOMA STUDENT LOAN AUTHORITY: $213.5 million series 2011-1 taxable Libor Oklahoma student loan bonds (/AAA/AAA); negotiated; Bank of Ameirca 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.

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.

SACRAMENTO CITY UNIFIED SCHOOL DISTRICT (CALIFORNIA): $109.91 million series 2011 general obligation refunding bonds; negotiated; Morgan Stanley & Co. Inc. (lead); Stone & Youngberg (co-manager); proceeds to refund district's election of 1999 series 2001 bonds.

SAN FRANCISCO UNIFIED SCHOOL DISTRICT (CALIFORNIA): $90 million series 2011 tax and revenue anticipation notes; negotiated; Wells Fargo Securities LLC (lead); notes due June 29, 2012; proceeds to finance capital expenditures ahead of tax and revenue collections.

SOUTH CAROLINA PUBLIC SERVICE AUTHORITY (SANTEE COOPER): $336 million series 2011A taxable Libor index revenue obligations; negotiated; Goldman, Sachs & Co. (lead); J.P. Morgan Securities LLC and Wells Fargo Securities LLC (co-managers); bonds due July 1, 2013 and June 2, 2014; proceeds to retire outstanding commercial paper.

• $168 million bonds due July 1, 2013

• $168 million bonds due June 2, 2014

TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP./BAYLOR HEALTH CARE SYSTEM (TEXAS): $50 million series 2011B seven-month window variable-rate demand revenue bonds (Aa1/P-1/AA-/); negotiated; Citigroup Global Markets Inc. (sole); proceeds to finance construction and equipment of Baylor facilities.

WASHINGTON HEALTH CARE FACILITIES AUTHORITY/FRED HUTCHINSON CANCER RESEARCH CENTER: $83.565 million series 2011A revenue bonds (A2/A/); negotiated; J.P. Morgan Securities LLC (lead); Bank of America Merrill Lynch and KeyBanc Capital Markets Inc. (co-managers); bonds due 2012 to 2023 with term bonds due in 2031 and 2035; proceeds to refund cancer center's series 2001A and 2009B bonds.

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