Municipals Calendar: Port Authority of New York sets bond deal

Week of January 16

January 18

FAIRFAX COUNTY (VIRGINIA): $220.67 million series 2012A public improvement bonds (Aaa/AAA/AAA); competitive; Public Financial Management Inc. (financial adviser); bonds due 2013 to 2032; proceeds to fund school improvements, transportation improvements and facilities, parks and recreational facilities, public safety facilities, human services facilities and library facilities; pricing Jan. 18.

PORT AUTHORITY OF NEW YORK AND NEW JERSEY: $400 million series 171 consolidated bonds (Aa2/AA-/AA-); competitive; bonds due 2042; proceeds to fund capital projects for authority; pricing Jan. 18.

January 19

UNIVERSITY OF MARYLAND SYSTEM: $57.54 million series 2012 auxiliary facility and tuition revenue refunding bonds; competitive; Public Financial Management Inc. (financial adviser); proceeds to refund university's series 2002A, 2003B, 2004B and 2005A revenue bonds; pricing Jan. 19.

• $33,495,000 series 2012A tax-exempt refunding bonds due 2013 to 2022

• $24,045,000 series 2012B taxable refunding bonds due 2013 to 2024

Week of January 30

February 2

UNIFIED GOVERNMENT OF WYANDOTTE COUNTY/KANSAS CITY (KANSAS): $63,465,000 series 2012 general obligation improvement bonds; competitive; Springsted Inc. (financial adviser); proceeds to fund capital improvements within the county and city; pricing Feb. 2.

• $15,655,000 series 2012A G.O. improvement bonds due 2013 to 2032

• $47.81 million series 2012B taxable G.O. improvement bonds due 2013 to 2017

On the Horizon

ALASKA: $173,395,000 series 2012A general obligation refunding bonds (Aaa/AA+/AAA); negotiated; Goldman, Sachs & Co. (lead); Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, and Wells Fargo Securities LLC (co-managers); bonds due 2013 to 2023; proceeds to refund a portion of the state's series 2003A general obligation bonds.

CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY/SCRIPPS HEALTH: $175 million series 2012A revenue bonds (Aa3/AA-/AA-); negotiated; J.P. Morgan Securities LLC and Barclays Capital Inc. (lead); proceeds to finance Scripps's capital needs for fiscal year 2012.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/MANHATTAN COLLEGE: $55 million (maximum); negotiated; proceeds to construct a student commons building and refund the college's series 2000 insured revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/MEMORIAL SLOAN-KETTERING CANCER CENTER: $340 million fixed- or variable-rate tax-exempt bonds; negotiated; Goldman, Sachs & Co. (lead); proceeds to refund cancer center's series 2003-1 revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/ROCKEFELLER UNIVERSITY: $90 million (maximum); negotiated; J.P. Morgan Securities LLC (lead); proceeds to refund university's series 1998 and 2002A-1 revenue bonds.

GOVERNMENT DEVELOPMENT BANK OF PUERTO RICO: series 2012A taxable senior notes; negotiated; J.P. Morgan Securities LLC (lead); Bank of America Merrill Lynch; Citigroup Global Markets Inc.; Ramirez & Co. Inc.; Barclays Capital Inc.; Goldman, Sachs & Co.; Jefferies & Co.; Morgan Stanley & Co. LLC; RBC Capital Markets LLC; Wells Fargo Securities LLC; BBVAPR MSD; First Bank Securities; Popular Securities Inc.; Santander Securities Inc.; Scotia MSD; and UBS FS Puerto Rico; proceeds for general corporate purposes including increasing bank's investment portfolio.

ILLINOIS FINANCE AUTHORITY/UNIVERSITY OF CHICAGO: $334,815,000 series 2012A revenue bonds (Aa1/AA/AA+); negotiated; Bank of America Merrill Lynch (lead); Loop Capital Markets LLC, The Northern Trust Co., PNC Capital Markets LLC and William Blair & Co. Inc. (co-managers); bonds due 2012 to 2032 with term bond due 2051; proceeds to be loaned to the university to pay for the costs of constructing, acquiring, repairing and renovating its educational facilities, as well as to advance refund existing debt.

INDIANA BOND BANK: $120 million series 2012A advance funding program notes (/SP-1/); negotiated; J.P. Morgan Securities LLC (lead); notes due Jan. 3, 2013; proceeds to purchase warrants from certain governmental entities within the state.

JACKSON REDEVELOPMENT AUTHORITY (MISSISSIPPI): $90 million series 2011 urban renewal revenue bonds; negotiated; Rice Financial Products Co. (lead); proceeds to finance capital projects in Jackson, Miss.

LIBERTY UNIVERSITY (VIRGINIA): $100 million series 2012 taxable bonds (A1/AA/); negotiated; Morgan Stanley & Co. LLC and Davenport & Co. LLC (lead); bonds due March 1, 2042; proceeds to construct a new health sciences school, a library, baseball stadium and roadways.

MARTIN COUNTY HEALTH FACILITIES AUTHORITY/MARTIN MEMORIAL CENTER (FLORIDA): $133,145,000 series 2012 hospital revenue bonds (Baa1/BBB/); negotiated; Ziegler Capital Markets Inc. (lead); proceeds to finance construction of a new hospital located in Port St. Lucie, Fla., about 16 miles from the medical center's Stuart, Fla., campus.

MASSACHUSETTS: $171.24 million series 2012A Sifma index general obligation refunding bonds; negotiated; Citigroup Global Markets Inc. (lead); Bank of America Merrill Lynch, Morgan Stanley & Co. LLC, Barclays Capital Inc., Fidelity Capital Markets Inc., J.P. Morgan Securities LLC, Jefferies & Co., Morgan Keegan & Co. LLC, Ramirez & Co. Inc., Raymond James & Associates Inc. and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2013 to 2017; proceeds to refund commonwealth's series 2010A and 2011A Sifma index G.O. refunding bonds.

MASSACHUSETTS MUNICIPAL WHOLESALE ELECTRIC CO.: $171.14 million series 2012 power supply project revenue bonds; negotiated; Morgan Stanley & Co. LLC and BMO Capital Markets LLC (lead); proceeds to refund company's series 2001A bonds.

• $8.25 million series 2012A Nuclear Mix No. 1 issue bonds (/A+/A+)

• $7,155,000 series 2012A Nuclear Project No. 3 issue bonds (/A+/A+)

• $36,585,000 series 2012A Nuclear Project No. 4 issue bonds (/A+/A+)

• $11,615,000 series 2012A Nuclear Project No. 5 issue bonds (/A/A+)

• $107,535,000 series 2012A Project No. 6 issue bonds (/A-/A+)

MEMORIAL SLOAN-KETTERING CANCER CENTER (NEW YORK): 5% taxable bonds (Aa2/AA-/AA); negotiated; Goldman, Sachs & Co. (lead); J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC; bonds due July 1, 2042; proceeds to finance capital projects for the cancer center.

METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY (TENNESSEE): $131.16 million series 2012 subordinate lien water and sewer revenue refunding bonds (/A+/); negotiated; Morgan Stanley & Co. LLC (lead); Morgan Keegan & Co. Inc., Piper Jaffray & Co., Wiley Bros. - Aintree Capital LLC, Rice Financial Products Co., Stephens Inc. and Terminus Securities LLC (co-managers); bonds due 2012 to 2013 and 2016 to 2023; proceeds to fully repay government's outstanding refunding obligations.

SOUTH CAROLINA PUBLIC SERVICE AUTHORITY (SANTEE COOPER): $235,665,000 series 2012 revenue obligations; negotiated; Morgan Stanley & Co. LLC (lead); Barclays Capital Inc.; Bank of America Merrill Lynch; Goldman, Sachs & Co.; Citigroup Global Markets Inc.; and J.P. Morgan Securities LLC (co-managers); proceeds to refund authority's series 2002A, 2002D and 2003A refunding bonds.

• $28.24 million series 2012A tax-exempt refunding obligation bonds due 2016 to 2021

• $26,815,000 series 2012B tax-exempt refunding obligation bonds due 2012 and 2014 to 2020

• $180.61 million series 2012C taxable obligation due 2012 to 2020

SOUTH TEXAS HIGHER EDUCATION AUTHORITY: $276 million series 2012-1 taxable Libor floating-rate student loan-backed bonds (/AA+/AAA); negotiated; Deutsche Bank Securities Inc. (lead); Bank of America Merrill Lynch and RBC Capital Markets LLC (co-managers); bonds due Oct. 1, 2020; Oct. 1, 2024; and Oct. 1, 2046; proceeds to refund all the authority's series 2006 bonds and a portion of its series 2007 bonds.

TEXAS: $57,075,000 series 2012 water financial assistance general obligation bonds (Aaa/AA+/AAA); negotiated; Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (lead); Frost Bank, M.R. Beal & Co. and Samco Capital Markets Inc. (co-managers); proceeds to fund water assistance projects at qualified political subdivisions.

• $42,825,000 series 2012A water infrastructure bonds due 2012 to 2031

• $14.25 million series 2012B economically distressed areas program bonds due 2012 to 2031

UNIVERSITY OF CHICAGO: $190,405,000 series 2012B taxable fixed rate bonds (Aa1/AA/AA+); negotiated; Goldman, Sachs & Co. and J.P. Morgan Securities LLC (lead); proceeds to fund university capital projects and refund university's series 1985A variable-rate bonds, 2003A revenue bonds and 2004A revenue bonds.

VILLAGE COMMUNITY DEVELOPMENT DISTRICT NO. 9 (FLORIDA): $54.395 million series 2012 special assessment revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); bonds due May, 1, 2022, May 1, 2032 and May 1, 2042; proceeds to construct, acquire, renovate and furnish a retirement community in Wildwood, Fla., called The Villages.

WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/AURORA HEALTH CARE INC.: $234.1 million series 2012A revenue bonds (A3//A); negotiated; Bank of America Merrill Lynch and BMO Capital Markets LLC (lead); Baird & Co., Edward D. Jones & Co. LP and J.P. Morgan Securities LLC (co-managers); proceeds to refund health care system's series 1996 Aurora Sinai bonds, its 1996 Aurora Medical Group bonds and its series 1999A-B bonds.

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