Municipals Calendar: Wake County prepares $176.2 million deal

Week of January 23

ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF ROANOKE/CARILION CLINIC OBLIGATED GROUP (VIRGINIA): $89.16 million series 2012 hospital revenue bonds (A1/A+/); negotiated; Goldman, Sachs & Co. and Barclays Capital Inc. (lead); PNC Capital Markets LLC and Wells Fargo Securities LLC (co-managers); proceeds to renovate portions of the Carilion Roanoke Memorial Hospital and Carilion Roanoke Community Hospital, as well as to purchase equipment for the hospital facilities; pricing week of Jan. 23.

GWINNETT COUNTY SCHOOL DISTRICT (GEORGIA): $309 million series 2012 general obligation bonds (Aaa/AAA/); negotiated; Merchant National Bank & Trust (lead); proceeds to construct a new middle school and make additions to several existing schools, as well as to refund district's series 2002 bonds for an anticipated net present value savings of 4% of refunded principal and no extension of maturity; pricing week of Jan. 23.

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, 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; pricing week of Jan. 23.

JACKSONVILLE ELECTRIC AUTHORITY (FLORIDA): $402,375,000 series 2012 water and sewer revenue bonds; negotiated; Goldman, Sachs & Co. (lead); Morgan Stanley & Co. LLC, Bank of America Merrill Lynch, Barclays Capital Inc., BMO Capital Markets LLC, Citigroup Global Markets Inc., Jefferies & Co. Inc., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Morgan Keegan & Co. Inc., RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers); proceeds to refund existing debt; pricing week of Jan. 23.

• $356.32 million series 2012A bonds

• $46,055,000 series 2012A subordinated bonds

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; pricing week of Jan. 23.

PASADENA INDEPENDENT SCHOOL DISTRICT (TEXAS): $74,215,000 series 2012 unlimited tax school building bonds (Aa2/AA/); negotiated; Wells Fargo Securities LLC (lead); Raymond James & Associates Inc., Crews & Associates Inc., Jefferies & Co., Edward D. Jones & Co. LP and Southwest Securities Inc. (co-managers); proceeds to acquire, construct, renovate and equip school facilities in the district and to refund a portion of the district's series 2005 unlimited tax school building and refunding bonds; pricing week of Jan. 23.

• $61.29 million series 2012A school building bonds due 2013 to 2041

• $13,425,000 series 2012B refunding bonds due 2013 to 2021

PUEBLO COUNTY (COLORADO): $55 million series 2012 certificates of participation (Aa3); negotiated; Wells Fargo Securities LLC (lead); proceeds to construct a new judicial building; pricing week of Jan. 23.

SAN JOSE-EVERGREEN COMMUNITY COLLEGE DISTRICT (CALIFORNIA): $90 million election of 2010 series 2012 general obligation bonds (Aa1); negotiated; Piper Jaffray & Co. (lead); proceeds to fund construction and modernization of school projects within district and finance a technology and deferred maintenance endowment; pricing week of Jan. 23.

January 24

CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/SACRED HEART UNIVERSITY: $53 million series 2012H revenue bonds (Baa2); negotiated; RBC Capital Markets LLC; proceeds to fund capital improvements to the university; pricing Jan. 24.

PUYALLUP SCHOOL DISTRICT (WASHINGTON): $75.7 million series 2012 unlimited tax general obligation refunding bonds (Aa2/Aa1); negotiated; Seattle-Northwest Securities Inc. (lead); proceeds to refund certain maturities of the district's outstanding series 2004 general obligation bonds for a debt service savings; pricing Jan. 24.

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; pricing Jan. 24.

UNIVERSITY OF OKLAHOMA: $77.5 million series 2012 general revenue bonds (//AA); negotiated; Barclays Capital Inc. (lead); proceeds to fund construction of various student athletic housing and instruction facilities on the university's Norman campus; pricing Jan. 24.

WAKE COUNTY (NORTH CAROLINA): $176,195,000 series 2012 general obligation bonds; competitive; Waters & Co. LLC (financial adviser); proceeds to refund county's series 2004A G.O. bonds and series 2004B G.O. school bonds; pricing Jan. 24.

• $96.79 million series 2012A general obligation school bonds due 2013 to 2031

• $79,405,000 series 2012B general obligation refunding bonds due 2018 to 2021

January 25

DENVER PUBLIC SCHOOL DISTRICT (COLORADO): $115.3 million series 2012 general obligation bonds; negotiated; George K. Baum & Co. (lead); proceeds to construct, acquire, renovate and repair school facilities in the district; pricing Jan. 25.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/MEMORIAL SLOAN-KETTERING CANCER CENTER: $122,235,000 series 2012-1 revenue bonds (Aa2/AA-/AA); negotiated; Goldman, Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (lead); Bank of America Merrill Lynch, Bank of America Merrill Lynch, Citigroup Global Markets Inc., Rice Financial Products Co. and US Bancorp Inc. (co-managers); proceeds to refund all or a portion of the cancer center's series 2003 revenue bonds; pricing Jan. 25.

INDIANA FINANCE AUTHORITY: $173,855,000 series 2012A state revolving fund program refunding bonds; negotiated; Bank of America Merrill Lynch and Goldman, Sachs & Co. (lead); Jefferies & Co.; CastelOak Securities LP; J.J.B Hilliard, W.L. Lyons LLC; Raymond James & Associates Inc.; and Ramirez & Co. Inc. (co-managers); bonds due 2013 to 2014 and 2020 to 2027; proceeds to refund existing debt; pricing Jan. 25.

January 26

EL PASO (TEXAS): $56.2 million series 2012 water and sewer revenue refunding bonds (//AA+); negotiated; Morgan Keegan & Co. Inc. (lead); proceeds to refund some of the city's existing water and sewer revenue bonds; pricing Jan. 26.

GEORGIA PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY/MERCER UNIVERSITY: $89,005,000 series 2012 revenue refunding bonds (Baa2); negotiated; George K. Baum & Co. (lead); proceeds to refund existing revenue bonds; pricing Jan. 26.

• $79,215,000 series 2012A bonds

• $9.79 million series 2012A taxable bonds

NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY: $400 million series 2012 water and sewer system second general resolution revenue bonds; negotiated; Ramirez & Co. Inc. (lead); Barclays Capital Inc.; Jefferies & Co.; Morgan Keegan & Co. Inc.; M.R. Beal & Co. Inc.; Bank of America Merrill Lynch; Citigroup Global Markets Inc.; Fidelity Capital Markets LLC; Goldman, Sachs & Co.; J.P. Morgan Securities LLC; Loop Capital Markets LLC; Morgan Stanley & Co. LLC; Raymond James & Associates Inc.; RBC Capital Markets LLC; Rice Financial Products Co.; Roosevelt & Cross Inc.; Siebert Brandford Shank & Co. LLC; Wells Fargo Bank, NA; BB&T Capital Markets LLC; Lebenthal & Co. LLC; Oppenheimer & Co. Inc.; Piper Jaffray & Co.; and Stifel, Nicolaus & Co. Inc. (co-managers); proceeds for a deposit to a construction fund and to refund existing commercial paper notes; pricing Jan. 26.

• $350 million series 2012CC bonds

• $50 million series 2012DD bonds

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

AK STEEL HOLDING CORP./OHIO AIR QUALITY DEVELOPMENT AUTHORITY/CITY OF ROCKPORT, IND./BUTLER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY OF PENNSYLVANIA: $73.3 million series 2012A revenue refunding bonds; negotiated; Wells Fargo Securities LLC and Bank of America Merrill Lynch (lead); proceeds to refund all the corporation's outstanding Ohio, Indiana and Pennsylvania revenue bonds within 90 days of issuance.

• $36 million series 2012A bonds through Ohio Air Quality Development Authority due June 1, 2024

• $30 million series 2012A bonds through City of Rockport, Ind. due June 1, 2028

• $7.3 million series 2012A bonds through Butler County Industrial Development Authority, Pa. due June 1, 2020

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/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.

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.

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): $225 million series 2012 general obligation refunding bonds; negotiated; Jefferies & Co. (lead); Piper Jaffray & Co., Fifth Third Securities Inc., Morgan Keegan & Co. Inc., Rice Financial Products Co., Terminus Securities LLC and Wiley Bros. - Aintree Capital LLC; bonds due 2014 to 2025; proceeds to refund government's series 2005B-C, 2006B and 2008 general obligation bonds, its series 2007A G.O. refunding bonds and its variable-rate loan agreement with the Public Building Authority of the City of Clarksville, Tenn.

NORTHERN CALIFORNIA POWER AGENCY: $84.87 million series 2012 hydroelectric project number one revenue refunding bonds (/A/A); negotiated; Citigroup Global Markets Inc. (lead); Goldman, Sachs & Co. and Morgan Stanley & Co. LLC (co-managers); proceeds to refund agency's series 1998 hydroelectric project number one revenue bonds.

• $77.76 million series 2012A bonds due 2024 to 2032

• $7.11 million series 2012B bonds due July 1, 2024

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.

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