Municipals Calendar: New York Water to sell $458 million of bonds

WEEK OF SEPTEMBER 12

HARRIS COUNTY (TEXAS): $140 million series 2011A permanent improvement and refunding bonds (/AAA/AAA); negotiated; J.P. Morgan Securities LLC and Raymond James & Associates Inc. (lead); Jefferies & Co., Ramirez & Co. Inc. and Wells Fargo Securities LLC; proceeds to refund all or a portion of the county's outstanding series B and series D commercial paper notes; pricing week of Sept. 12.

SEPTEMBER 13

BOARD OF PUBLIC BUILDINGS OF THE STATE OF MISSOURI: $146.725 million series 2011A general obligation refunding bonds (Aa1/AA+/AA+); competitive; Columbia Capital Management LLC (financial adviser); bonds due 2013 to 2028; proceeds to refund the board's series 2001A, 2003A and 2006A special obligation bonds; pricing Sept. 13.

JEA (FLORIDA): $370.39 million St. Johns Power Park System refunding revenue bonds (Aa2/AA-/); negotiated; J.P. Morgan Securities LLC (lead); Bank of America Merrill Lynch; Barclays Capital Inc.; BMO Capital Markets; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; Jefferies & Co.; Loop Capital Markets LLC; Morgan Stanley & Co. LLC; Morgan Keegan & Co. Inc.; Piper Jaffray & Co.; Ramirez & Co. Inc.; RBC Capital Markets LLC; and Wells Fargo Securities LLC (co-managers); proceeds to refund authority's series 17 and series 20 revenue bonds; pricing Sept. 13.

• $360.99 million issue 2, series 23 refunding revenue bonds due 2012 to 2021

• $9.4 million issue 2, series 24 refunding revenue bonds due 2012 to 2021

NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY: $458 million series 2012AA water and sewer system second resolution bonds (Aa2/AA+/AA+); competitive; Lamont Financial Services Corp. and Drexel Hamilton LLC (financial advisers); proceeds to fund improvements to water and sewer system and refund first-resolution bonds; pricing Sept. 13.

• $250 million second resolution fixed-rate tax-exempt revenue bonds

• $208 million second resolution fixed-rate tax-exempt refunding bonds

PHILADELPHIA: $82.205 million gas works revenue refunding bonds (Baa2/BBB+/BBB+); negotiated; Bank of America Merrill Lynch and Siebert Brandford Shank & Co. LLC (lead); Janney Montgomery Scott LLC, PNC Capital Markets LLC and Wells Fargo Securities LLC (co-managers); proceeds to refund Philadelphia Gas Works' series 1975 refunded bonds and 1998 refunded bonds; pricing Sept. 13.

• $16.395 million 1975 general ordinance 20th series bonds

• $65.81 million 1998 general ordinance 10th series bonds

TEXAS: $91.645 million series 2011B water financial assistance general obligation bonds (Aaa/AA+/AAA); negotiated; Piper Jaffray & Co. (lead); Fidelity Capital Markets LLC, Morgan Stanley & Co. LLC, Loop Capital Markets LLC and Raymond James & Associates Inc. (co-managers); bonds due 2012 to 2031; proceeds to provide grants to local political subdivisions for water infrastructure improvements; pricing Sept. 13.

WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/GUNDERSEN LUTHERAN OBLIGATED GROUP (A1/A+/A+); negotiated; Bank of America Merrill Lynch (lead); J.P. Morgan Securities LLC and Wells Fargo Securities LLC (co-managers); bonds due 2012 to 2021 with term bonds due in 2026, 2029 and 2039; proceeds to reimburse the obligated group for costs of constructing, equipping, acquiring and furnishing health care facilities, including a six-story addition to the obligated group's LaCrosse, Wis., campus, as well as refund existing debt; pricing Sept. 13.

SEPTEMBER 14

CALIFORNIA STATE UNIVERSITY: $245 million series 2011A system-wide revenue bonds; negotiated; Barclays Capital Inc. and Loop Capital Markets LLC (lead); Backstrom McCarley Berry & Co. LLC; Bank of America Merrill Lynch; Grigsby & Associates Inc.; J.P. Morgan Securities LLC; Prager, Sealy & Co. LLC; Siebert Brandford Shank & Co. LLC; SL Hare Capital Inc.; Stone & Youngberg; and William Blair & Co. (co-managers); bonds due 2012 to 2042; proceeds to finance or refinance the construct, acquisition, equipment and renovation of existing California State University facilities; pricing Sept. 14.

SEPTEMBER 15

CALIFORNIA: $5.4 billion series 2011-12 revenue anticipation notes (MIG 1/SP-1+/F1); negotiated; proceeds to pay off a $5.4 billion bridge loan the state received July 26 from eight banks; pricing Sept. 15.

ORANGE COUNTY SANITATION DISTRICT (CALIFORNIA): $148.425 million series 2011A wastewater refunding revenue obligations (//AAA); competitive; Public Resources Advisory Group (financial adviser); bonds due 2012 to 2017 and 2022 to 2026; proceeds to refund outstanding series 2000 and 2003 certificates of obligation; pricing Sept. 15.

WEEK OF SEPTEMBER 19

SEPTEMBER 20

RIVERSIDE UNIFIED SCHOOL DISTRICT (CALIFORNIA): $50.575 million series 2011 general obligation refunding bonds (Aa2/A+/); competitive; Fieldman, Rolapp & Associates (financial adviser); bonds due 2012 to 2027; proceeds to refund series 2001A G.O. bonds; pricing Sept. 20.

SEPTEMBER 21

MIAMI-DADE COUNTY (FLORIDA): $92.405 million series 2011 public service tax revenue refunding bonds (Aa3//AA); competitive; Public Financial Management Inc. (financial adviser); proceeds to refund county's series 1999 and 2002 revenue bonds; pricing Sept. 21.

OHIO PUBLIC FACILITIES COMMISSION: $300 million common schools general obligation bonds; competitive; proceeds to fund school construction, equipment and acquisition; pricing Sept. 21.

SEPTEMBER

PHILADELPHIA: $200 million series 2011-12 tax and revenue anticipation notes; competitive; proceeds to fund routine cash flow needs ahead of the collection of taxes and revenues; pricing in September.

PHILADELPHIA: $166 million series 2011 water and wastewater revenue and refunding bonds; proceeds to refund existing bonds and finance new money capital projects; pricing in September.

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.

FLORIDA BOARD OF EDUCATION: $290 million series 2011D public education capital outlay refunding bonds; competitive; proceeds to refund existing PECO 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: $401.99 million series 2011A revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); Morgan Stanley & Co. LLC; Bank of America Merrill Lynch; Blaylock Robert Van LLC; Fidelity Capital Markets Services Inc.; J.P. Morgan Securities LLC; Lebenthal & Co. LLC; M.R. Beal & Co.; Raymond James & Associates Inc.; Rice Financial Products Co.; Roosevelt & Cross Inc.; TD Securities (USA) LLC; and Wells Fargo Securities LLC (co-managers); 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.

HAWAII: $297.855 million series 2011 AMT airport system revenue refunding bonds; negotiated; Bank of America Merrill Lynch and Piper Jaffray & Co. (lead); RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2012 to 2024; proceeds to refund state's series 2001 airport system revenue refunding bonds.

INDIANA FINANCE AUTHORITY: $67.535 million series 2011 facilities revenue refunding bonds; negotiated; City Securities Corp. (lead); Bank of America Merrill Lynch, Fidelity Capital Markets LLC, Morgan Keegan & Co. Inc. and Raymond James & Associates Inc. (co-managers); proceeds to refund the series 2002A and 2004B revenue bonds issued for the New Castle Correctional Facility, the 2003A and 2004C bonds issue for the Indiana State Museum, the 2003B bonds issued for the Evansville State Hospital, the 2004D bonds issued for the Logansville State Hospital and the 2004E bonds issued for the Southeast Regional Treatment Center; pricing week of Aug. 29.

• $21.115 million series 2011A New Castle Correctional Facility bonds due 2013 and 2020 to 2022

• $19.27 million series 2011B Indiana State Museum Facility bonds due 2012 to 2023

• $20.18 million series 2011C Evansville State Hospital Facility bonds due 2012 to 2024

• $1.615 million series 2011D Logansville State Hospital Facility bonds due 2012 to 2016

• $5.355 million series 2011E Southeast Regional Treatment Center Facility bonds due 2012 to 2017

JEFFERSON PARISH HOSPITAL DISTRICT NO. 1 (LOUISIANA): $123.71 million series 2011A hospital revenue and refunding bonds (Baa2/BBB/); negotiated; J.P. Morgan Securities LLC and Sinsung Securities Corp. (lead); proceeds to construct and furnish certain hospital facilities within the district, as well as to refund existing debt and terminate a swap agreement.

LONG ISLAND POWER AUTHORITY: $250 million series 2011A electric system general revenue bonds (A3/A-/A); negotiated; Morgan Stanley & Co. LLC (lead); Citigroup Global Markets Inc.; Goldman, Sachs & Co.; Bank of America Merrill Lynch; Jefferies & Co.; First Southwest Co.; J.P. Morgan Securities LLC; Loop Capital Markets LLC; Ramirez & Co. Inc.; RBC Capital Markets LLC; Roosevelt & Cross Inc.; Siebert Brandford Shank & Co. LLC; and Wells Fargo Securities LLC; proceeds to fund capital expenditures.

MEMPHIS CITY CENTER REVENUE FINANCE CORP. (TENNESSEE): $97.035 million series 2011 Pyramid and Pinch District redevelopment project revenue bonds; negotiated; Morgan Keegan & Co. Inc. and Citigroup Global Markets Inc. (lead); Duncan-Williams Inc., Harvestons Securities Inc. and SunTrust Robinson Humphrey LLC (co-managers); proceeds to redevelop an area of the city called the Pyramid Arena into retail and commercial space.

• $40.535 million series 2011A taxable senior revenue bonds

• $97.035 million series 2011B tax-exempt subordinate revenue bonds

• $55.32 million series 2011C taxable subordinate revenue bonds

METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY (TENNESSEE): $96.45 million series 2011 general obligation refunding bonds (Aa1/AA/); negotiated; J.P. Morgan Securities LLC (lead); Jefferies & Co., Mesirow Financial Inc., Morgan Keegan & Co. Inc., Fifth Third Securities Inc., Loop Capital Markets LLC, Morgan Stanley & Co. Inc., Raymond James & Associates Inc. and Wiley Bros.-Aintree Capital LLC (co-managers); bonds due 2012 to 2023; proceeds to refund government's series 2001B, 2005A, 2005C, 2006B, 2007A and 2008 G.O. 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.

PUERTO RICO GOVERNMENT DEVELOPMENT BANK: $450 million series 2011C senior notes (Baa1/BBB/); negotiated; Citigroup Global Markets Inc. (sole); notes due 2012; proceeds to manage cash-flow needs during fiscal year 2012.

PULASKI TECHNICAL COLLEGE BOARD OF TRUSTEES (ARKANSAS): $68.575 million series 2011 student tuition and fee revenue capital improvement and refunding bonds (/AA+/); negotiated; Stephens Inc. (lead); bonds due 2012 to 2030 with term bonds due in 2036 and 2041; proceeds to construct a new culinary center and performing arts center, as well as refund the college's series 2001, 2002, 2003, 2004 and 2006 student tuition and fee revenue bonds.

SACRAMENTO MUNICIPAL UTILITY DISTRICT (CALIFORNIA): $348.125 million series 2011X electric revenue refunding bonds (A1/A+/A+); negotiated; J.P. Morgan Securities LLC and Barclays Capital Inc. (lead); Bank of America Merrill Lynch; BMO Capital Markets; De La Rosa & Co. Inc.; Morgan Stanley & Co. LLC; M.R. Beal & Co. Inc.; and Ramirez & Co. Inc. (co-managers); bonds due 2012 to 2028; proceeds to refund district's series 2001N, 2001O, 2001P, 2001Q, 2001R and 2001T revenue bonds.

SAN ANTONIO (TEXAS): $165.905 million series 2011A water system revenue refunding bonds (Aa1/AA/AA+); negotiated; J.P. Morgan Securities LLC (lead); Barclays Capital Inc., M.E. Allison & Co. Inc., Samco Capital Markets Inc. and Southwestern Capital Markets Inc.; bonds due 2012 to 2041; proceeds to refund city's series 2002 and 2002A water system revenue bonds, as well as refund commercial paper notes.

UTAH BOARD OF REGENTS: $436.1 million series 2011-1 taxable Libor index notes (Aaa/AA+/); negotiated; RBC Capital Markets LLC (bookrunner); Bank of America Merrill Lynch and UBS Investment Bank (co-managers); proceeds to provide long-term financing for student loans and refund existing debt, including the board's series 1998 auction-rate bonds.

• $203.5 million series 2011-1-A-1 notes due May 1, 2023

• $140 million series 2011-1-A-2 notes due May 1, 2029

• $92.6 million series 2011-1-A-3 notes due May 1, 2038

© 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.