Municipals Calendar: Houston plans $175 million utility bond deal

WEEK OF AUGUST 22

ALABAMA FEDERAL AID HIGHWAY FINANCE AUTHORITY: $90.175 million series 2011 federal highway grant anticipation refunding bonds (Aa2/AA/); negotiated; Morgan Stanley & Co. Inc. (lead); First Tuskegee Capital Markets, Merchant Capital LLC and Morgan Keegan & Co. Inc. (co-managers); bonds due 2012 to 2017; proceeds to refund authority's series 2002 federal highway grant anticipation bonds; pricing week of Aug. 22.

ALASKA MUNICIPAL BOND BANK: $79.03 million series 2011-3 general obligation and refunding bonds (Aa2/AA/); negotiated; Morgan Stanley & Co. Inc. and RBC Capital Markets LLC (lead); bonds due 2012 to 2036; proceeds to fund loans to six governmental units to pay for school construction projects, landfill capital improvements and library and museum construction projects, as well as to refund a loan issued by the U.S. Department of Agriculture Rural Development; pricing week of Aug. 22.

HOUSTON (TEXAS): $175 million series 2011E first-lien combined utility system revenue refunding bonds (/AA/AA-); negotiated; Wells Fargo Securities LLC (lead); Morgan Keegan & Co. Inc., Ramirez & Co. Inc., Fidelity Capital Markets LLC, Loop Capital Markets LLC and Jefferies & Co. (co-managers); bonds due 2012 to 2021; proceeds to refund city's series 2001A water and sewer junior-lien revenue refunding bonds; pricing week of Aug. 22.

MINNESOTA HOUSING FINANCE AGENCY: $60 million series 2011E homeownership finance bonds; negotiated; RBC Capital Markets LLC (lead); Morgan Stanley & Co. Inc., Piper Jaffray & Co. and Wells Fargo Securities LLC (co-managers); bonds due 2012 to 2022 with term bonds due 2026, 2030 and 2034; proceeds to make homeownership loans to qualified low- to moderate-income Minnesotans; pricing week of Aug. 22.

OHIO/OHIO BUILDING AUTHORITY: $155.325 million series 2011 state facilities refunding bonds (Aa2/AA/AA); negotiated; Morgan Stanley & Co. Inc. (lead); M.R. Beal & Co., RBC Capital Markets LLC, Ross Sinclaire & Co., Wells Fargo Securities LLC and Stifel, Nicolaus & Co. (co-managers); 2011A bonds due 2014 to 2024; 2011B bonds due 2012 to 2024; 2011C bonds due 2014 to 2024; proceeds to currently and advance refund existing Ohio Building Authority debt; pricing week of Aug. 22.

• $38.605 million series 2011A administrative building projects bonds

• $102.58 million series 2011B adult correctional building projects bonds

• $12.14 million series 2011C juvenile correctional building projects bonds

RHODE ISLAND: $169.205 million series 2011 consolidated capital development loan general obligation bonds; negotiated; J.P. Morgan Securities LLC and Barclays Capital Inc. (lead); Fidelity Capital Markets LLC, Goldman, Sachs & Co., Janney Montgomery Scott LLC, Morgan Stanley & Co. Inc. and Oppenheimer & Co. Inc. (co-managers); 2011A bonds due 2012 to 2031; 2011B bonds due 2012 to 2015; proceeds to refund existing debt, as well as to fund loans to local governments for clean water and other development projects; pricing week of Aug. 22.

• $145.035 million series 2011A bonds

• $24.17 million series 2011B bonds

SAN ANTONIO INDEPENDENT SCHOOL DISTRICT (TEXAS): $61.115 million series 2011 unlimited tax qualified school construction bonds (Aaa//AAA); negotiated; RBC Capital Markets LLC (lead); Bank of America Merrill Lynch, Loop Capital Markets LLC and Morgan Keegan & Co. Inc. (co-managers); bonds due Aug. 15, 2028; proceeds to construct, renovate and equip school buildings within the district; pricing week of Aug. 22.

UPPER SANTA CLARA VALLEY JOINT POWERS AUTHORITY (CALIFORNIA): $54 million series 2011A refunding revenue bonds (Aa3/AA/); negotiated; Citigroup Global Markets Inc. (lead); proceeds to prepay all outstanding amounts on an interfund loan; pricing week of Aug. 22.

AUGUST 23

NEW JERSEY SPORTS & EXPOSITION AUTHORITY: $88.59 million series 2011 state contract refunding bonds (A2); competitive; Acacia Financial Group Inc. (financial adviser); 2011A bonds due 2013 to 2024; 2011B bonds due 2013 to 2025; proceeds to fund certain capital projects, as well as to refund debt; pricing Aug. 23.

• $45.51 million series 2011A bonds

• $43.08 million series 2011B bonds

OCEAN COUNTY (NEW JERSEY): $58.38 million series 2011 general improvement and general obligation refunding bonds (Aaa//AAA); competitive; Public Financial Management Inc. (financial adviser); 2011 general improvement bonds due 2012 to 2031; 2011 general obligation refunding bonds due 2012 to 2023; proceeds to finance capital projects, acquire land, construct, reconstruct and resurface projects, as well as to refund the county's series 2004 general obligation bonds; pricing Aug. 23.

• $26.2 million series 2011 general improvement bonds

• $32.18 million series 2011 general obligation refunding bonds

AUGUST 24

CLEAN WATER SERVICES (OREGON): $81.82 million series 2011 senior-lien sewer revenue bonds (Aa2/AA/); competitive; Western Financial Group LLC (financial adviser); 2011A bonds due 2012 to 2021; 2011B bonds due 2013 to 2032; proceeds to fund improvements to agency's sewer system, as well as fund a debt service reserve; pricing Aug. 24.

• $31.82 million series 2011A refunding bonds

• $50 million series 2011B revenue bonds

TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS: $88.02 million series 2011B non-AMT residential mortgage revenue bonds (Aaa/AA+/); negotiated; Morgan Stanley & Co. Inc. and Morgan Keegan & Co. Inc. (lead); George K. Baum & Co., J.P. Morgan Securities LLC, Bank of America Merrill Lynch, Citigroup Global Markets Inc. and Ramirez & Co. Inc. (co-managers); bonds due 2012 to 2022 with term bonds due 2026, 2030 and 2034; proceeds to provide funds for the purchase of mortgage-backed, pass-through certificates backed by qualifying FHA-insured or VA- or RDA-guaranteed mortgage loans or conventional mortgage loans made to eligible borrowers for single-family housing in Texas; pricing Aug. 24.

TRUMBULL (CONNECTICUT): $59.86 million series 2011 general obligation bonds and G.O. bond anticipation notes; competitive; Phoenix Advisors LLC (financial adviser); 2011 G.O. bonds due 2012 to 2031; 2011 G.O. BANS due Sept. 7, 2012; proceeds to fund improvements to sewer system and schools; pricing Aug. 24.

• $26.31 million series 2011 G.O. bonds

• $33.55 million series 2011 G.O. BANs

AUGUST 25

AUSTIN (TEXAS): $137.69 million series 2011 certificates of obligation and public improvement bonds (/AAA/AAA); competitive; Public Financial Management Inc. (financial adviser); 2011 certificates of obligation due 2012 to 2041; 2011A public improvement bonds due 2014 to 2031; 2011B public improvement bonds due 2014 to 2031; proceeds to finance municipal improvements and refund existing obligations; pricing Aug. 25.

• $51.15 million series 2011 certificates of obligation

• $78.09 million series 2011A tax-exempt public improvement bonds

• $8.45 million series 2011B taxable public improvement bonds

DAY-TO-DAY

FLORIDA BOARD OF EDUCATION: $225.51 million series 2011A lottery revenue refunding bonds; competitive; bonds due 2014 to 2022; proceeds to refund board's series 2002C and 2003A lottery revenue bonds; pricing day-to-day.

ON THE HORIZON

ALACHUA COUNTY HEALTH FACILITIES AUTHORITY (FLORIDA): $145.27 million of health facilities revenue bonds; negotiated; Ziegler Capital Markets (lead); proceeds for the construction, development, acquisition of land and equipping of a continuing care retirement community in Bonita Springs, Fla.

• $81.27 million series 2011A fixed-rate bonds

• $3 million series 2011B accelerated redemption reset option securities

• $15 million of series 2011C1 mandatory paydown securities

• $46 million of series 2011C2 mandatory paydown securities

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/NORTH SHORE-LONG ISLAND JEWISH OBLIGATED GROUP: $426.075 million series 2011 tax-exempt and/or taxable, fixed and/or variable-rate bonds; negotiated; Citigroup Global Markets Inc. (lead); proceeds to construct addition at Zucker Hillside Hospital to replace 115 beds; construct a parking facility at Huntington Hospital; refund the obligated group's series 2001A, 2001B and 2001D debt issued through the Nassau County Industrial Development Authority; and refund bonds issued on behalf of Franklin Hospital, Southside Hospital, Staten Island University Hospital, Huntington Hospital and Lenox Hospital.

INDIANA FINANCE AUTHORITY/INDIANAPOLIS POWER & LIGHT CO.: $95 million series 2011 environmental facilities revenue bonds (A3/BBB/BBB+); negotiated; J.P. Morgan Securities LLC and PNC Capital Markets LLC (co-managers); bonds due Aug. 1, 2021; proceeds to construct, equip and install pollution control facilities, solid waste disposal facilities and industrial development projects at Unit 4 of the generating station in Petersburg, Ind., owned by Indianapolis Power & Light.

• $55 million series 2011A non-AMT bonds

• $40 million series 2011B non-AMT bonds

NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY: $135.4 million series 2011 adjustable-rate education loan revenue bonds (/AA-/A-1+/AA/F1+); negotiated; RBC Capital Markets LLC (sole); bonds due Dec. 1, 2032; proceeds to make loans to qualified educational entities within the state.

• $125.4 million series 2011A taxable bonds

• $10 million series 2011B tax-exempt 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.

TAMPA (FLORIDA): $128.855 million series 2011 water and sewer systems improvement and refunding revenue bonds (Aa1/AA+/AA+); negotiated; Wells Fargo Securities LLC (lead); Bank of America Merrill Lynch, Loop Capital Markets LLC, Morgan Stanley & Co. Inc. and Raymond James & Associates Inc. (co-managers); proceeds to prepay outstanding notes, refund city's series 2001A water and sewer revenue bonds and fund various sewer capital improvements included in the city's five-year capital improvement program.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.