Municipal Calendar: Pennsylvania Economic preps $2.9 billion deal

Week of October 1

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $371.91 million series 2012 school districts revenue bonds financing program revenue bonds; negotiated; RBC Capital Markets LLC and Raymond James/Morgan Keegan (lead); Jefferies & Co., Ramirez & Co. Inc., Roosevelt & Cross Inc., Stifel, Nicolaus & Co. Inc., BB&T Capital Markets, Citigroup Global Markets Inc., Fidelity Capital Markets Inc., Janney Montgomery Scott LLC, J.P. Morgan Securities LLC, Lebenthal & Co. Inc., M.R. Beal & Co. Inc., Mesirow Financial Inc., Rice Financial Products Co., Sterne, Agee, Leach & Co., The Williams Capital Group LP and Wells Fargo Bank, NA (co-managers); proceeds to finance loans to a number of New York State school districts for capital improvements and to refund the authority's series 2002C and 2002G revenue bonds; pricing week of Oct. 1.

• $173.28 million series 2012F bonds (/A+/A+)

• $79.53 million series 2012G bonds (/A+/A+)

• $77.27 million series 2012H bonds (Aa3//A+)

• $13,085,000 series 2012I bonds (/AA/A+)

• $22,355,000 series 2012J bonds (/AA-/A+)

• $6.39 million series 2012K bonds (/A+/A+)

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/LONG ISLAND UNIVERSITY: $57,945,000 series 2012 revenue bonds; negotiated; Piper Jaffray & Co. Inc. (lead); bonds due 2013 to 2027 with a term bond due in 2032; proceeds to current refund all or a portion of the authority's series 1999 and 2003A-B bonds sold for the university; pricing week of Oct. 1.

GUAM POWER AUTHORITY: $345,135,000 series 2012A revenue bonds (Aa3/AA-/); negotiated; Morgan Stanley & Co. LLC and Barclays (lead); proceeds to refund the authority's series 1993 and 1999 revenue bonds; pricing week of Oct. 1.

HARRIS COUNTY (TEXAS): $375 million series 2012 toll road senior lien revenue refunding bonds (/AA-/AA-); negotiated; Wells Fargo Securities LLC and Bank of America Merrill Lynch (lead); Loop Capital Markets LLC, Mesirow Financial Inc., M.R. Beal & Co. Inc., RBC Capital Markets LLC and Robert W. Baird & Co. Inc. (co-managers); proceeds to refund outstanding toll road senior lien revenue bonds; pricing week of Oct. 1.

• $275 million series 2012C bonds

• $100 million series 2012D bonds

MINNESOTA HOUSING FINANCE AGENCY: $75 million series 2012B homeownership finance bonds (Aaa); negotiated; RBC Capital Markets LLC, Morgan Stanley & Co. LLC and Piper Jaffray & Co. (lead); bonds due Dec. 1, 2042; proceeds to finance mortgage loans; pricing week of Oct. 1.

NASSAU COUNTY INTERIM FINANCE AUTHORITY (NEW YORK): $346.6 million series 2012 sales tax secured bonds (//AAA); negotiated; Goldman, Sachs & Co. (lead); proceeds to finance county capital needs and refund existing debt; pricing week of Oct. 1.

• $158 million series 2012A sales tax secured refunding bonds

• $188.6 million series 2012B taxable sales tax secured bonds

NASSAU COUNTY LOCAL ECONOMIC ASSISTANCE CORP./WINTHROP-UNIVERSITY HOSPITAL ASSOCIATION: $132 million series 2012 revenue bonds (Baa1//BBB+); negotiated; Goldman, Sachs & Co. (lead); proceeds to refund corporation's series 2001A-B and 2003A-B revenue bonds; pricing week of Oct. 1.

NEW YORK CITY: $825 million series 2013 general obligation bonds; negotiated; J.P. Morgan Securities LLC (lead); Bank of America Merrill Lynch, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Siebert Brandford Shank & Co. LLC, Barclays, Fidelity Capital Markets, Loop Capital Markets LLC, Roosevelt & Cross Inc., Goldman, Sachs & Co., Ramirez & Co. Inc., Southwest Securities Inc., M.R. Beal & Co. Inc., Jefferies & Co. Inc., Rice Financial Products Co., Wells Fargo Securities LLC, Cabrera Capital Markets LLC, Lebenthal & Co. LLC, RBC Capital Markets LLC, Jackson Securities Inc., MFR Securities Inc., Janney Montgomery Scott LLC, Raymond James/Morgan Keegan and TD Securities (USA) Inc. (co-managers); proceeds to finance some of the city's capital needs under its 2012 to 2016 financial plan; pricing week of Oct. 1.

• $525 million series 2013A-1 tax-exempt bonds due 2013 to 2032

• $260 million series 2013B tax-exempt bonds due 2013 to 2032

• $40 million series 2013C tax-exempt bonds due 2013 to 2032

NORTH TEXAS TOLLWAY AUTHORITY: $135,855,000 series 2012 system revenue refunding bonds (A2/A-/); negotiated; J.P. Morgan Securities LLC (lead); Ramirez & Co. Inc. and Rice Financial Products Co. (co-managers); proceeds to refund the authority's series 2003A revenue bonds and series 2008L-2 revenue bonds; pricing week of Oct. 1.

• $102,025,000 series 2012C first-tier put bonds due 2038

• $33.83 million series 2012D first-tier current interest bonds

RIVERSIDE COUNTY (CALIFORNIA): $145,265,000 series 2012D Teeter obligation notes (MIG 1//F1+); negotiated; Citigroup Global Markets Inc. and Bank of America Merrill Lynch (lead); notes due Oct. 16, 2013; proceeds to fund an advance of unpaid property taxes for agencies participating in the county's Teeter program and to refund the county's series 2011B Teeter obligation notes; pricing week of Oct. 1.

October 3

PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCE AUTHORITY: $2,896,870,000 series 2012 unemployment compensation revenue bonds (Aaa/AA+/AA+); negotiated; Citigroup Global Markets Inc. (lead for 2012A); Bank of America Merrill Lynch (lead for 2012B-C); proceeds to repay federal loans related to the commonwealth's unemployment compensation system; pricing Oct. 3.

• $1,408,175,000 series 2012A bonds

• $1,186,695,000 series 2012B bonds

• $302 million series 2012C variable-rate bonds

Week of October 8

October 9

MILWAUKEE (WISCONSIN): $120 million series 2012 M11 school revenue anticipation notes; competitive; Robert W. Baird & Co. (financial adviser); notes due June 26, 2013; proceeds to finance Milwaukee Public Schools operations on an interim basis pending the receipt of state aid payments; pricing Oct. 9.

On the Horizon

ALABAMA INCENTIVES FINANCING AUTHORITY: $119,065,000 series 2012A tax-exempt special obligation bonds (Aa3/A+/); negotiated; Raymond James/Morgan Keegan and Piper Jaffray & Co. (lead); Merchant Capital LLC and Terminus Securities LLC (co-managers); bonds due 2013 and 2030 to 2042 with term bonds; proceeds to finance economic development projects in the state.

AMHERST COLLEGE (MASSACHUSETTS): $100 million series 2012A taxable bonds (Aaa/AA+/); negotiated; Bank of America Merrill Lynch (lead); proceeds to finance capital projects for the college.

BLACK BELT ENERGY GAS DISTRICT (ALABAMA): $773,845,000 series 2012A gas project revenue bonds (A1/A-/A); negotiated; Goldman, Sachs & Co. and Merchant Capital LLC (lead); bonds due 2013 to 2042; proceeds to acquire natural gas as part of a prepaid natural gas purchase agreement.

BUILDING EQUITY SOONER FOR TOMORROW (SOUTH CAROLINA)/SCHOOL DISTRICT OF GREENVILLE COUNTY PROJECT: $51.05 million series 2012 installment purchase revenue refunding bonds; negotiated; Wells Fargo Securities LLC and Bank of America Merrill Lynch (lead); Raymond James/Morgan Keegan and TD Securities (USA) LLC (co-managers); bonds due 2014 to 2023; proceeds to refund the corporation's series 2002 revenue bonds issued to finance construction, equipment and renovation of Greenville County schools.

CENTRE COUNTY HOSPITAL AUTHORITY/MOUNT NITTANY MEDICAL CENTER (PENNSYLVANIA): $112.04 million series 2012 hospital revenue bonds (/A-/A-); negotiated; Bank of America Merrill Lynch, Edward D. Jones & Co. LP, M&T Securities Inc., Morgan Stanley & Co. LLC and PNC Capital Markets LLC (underwriters); proceeds to construct, acquire, equip and renovate Mount Nittany capital projects.

• $43.71 million series 2012A bonds

• $68.33 million series 2012B bonds

CLEVELAND (OHIO): $120,405,000 series 2012 water revenue bonds negotiated Citigroup Global Markets Inc. (lead); Bank of America Merrill Lynch, Cabrera Capital Markets LLC, KeyBanc Capital Markets, PNC Capital Markets, RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to finance improvements to the city's wastewater system.

• $77.44 million series 2012A second-lien water revenue bonds (Aa2/AA-/) due 2018 to 2027

• $42,965,000 series 2012X senior-lien water revenue bonds (Aa1/AA/) due 2022 to 2032 with term bonds due 2037 and 2042

COLORADO HEALTH FACILITIES AUTHORITY/CHRISTIAN LIVING COMMUNITIES PROJECT: $50.52 million series 2012 revenue refunding bonds; negotiated; Ziegler Capital Markets and Stifel, Nicolaus & Co. Inc. (lead); bonds due 2014 to 2022 with term bonds due in 2027, 2032 and 2037; proceeds to refund the authority's series 2006 and 2009 revenue bonds.

CUMBERLAND COUNTY MUNICIPAL AUTHORITY (PENNSYLVANIA)/ASBURY PENNSYLVANIA OBLIGATED GROUP: $52,625,000 series 2012 refunding revenue bonds; negotiated; Ziegler Capital Markets Inc. (lead); proceeds to refund the authority's series 2006 adjustable-rate demand revenue bonds.

DIGNITY HEALTH (CALIFORNIA): $500 million series 2012 taxable bonds (A3/A/A); negotiated; Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (lead); BMO Capital Markets, Mizuho Securities, SMBC Nikko and Wells Fargo Securities LLC (co-managers); proceeds to finance general corporate purposes of the obligated group, including the refinance of a $310 million line of credit.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: up to $600 million tax-exempt refunding bonds; negotiated; RBC Capital Markets LLC and Raymond James/Morgan Keegan (lead); proceeds to refund the authority's series 2002A-I school districts revenue bond financing program revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $887,195,000 series 2012 state personal income tax revenue bonds (/AAA/AA); negotiated; Bank of America Merrill Lynch, J.P. Morgan Securities LLC and Siebert Brandford Shank & Co. LLC (lead); Barclays, BB&T Capital Markets, Blaylock Robert Van LLC, Citigroup Global Markets Inc., Edward D. Jones & Co. LP, Fidelity Capital Markets LLC, Goldman, Sachs & Co., Guggenheim Securities Inc., Janney Montgomery Scott LLC, Jefferies & Co. Inc., Lebenthal & Co. Inc., Loop Capital Markets LLC, M.R. Beal & Co. Inc., M&T Securities Inc., Mesirow Financial Inc., Morgan Stanley & Co. LLC, Oppenheimer & Co., Piper Jaffray & Co., Ramirez & Co. Inc., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Rice Financial Products Co., Roosevelt & Cross Inc., Southwest Securities Inc., Sterne, Agee & Leach Inc., Stifel, Nicolaus & Co. Inc., TD Securities (USA) LLC, The William Capital Group LP, US Bancorp Inc. and Wells Fargo Securities LLC (co-managers); proceeds to finance capital projects for the State University of New York.

EDMONDS HIGH SCHOOL DISTRICT (WASHINGTON): $92,885,000 series 2012 unlimited tax general obligation refunding bonds (Aa1); negotiated; Seattle-Northwest Securities Inc. (lead); proceeds to refund the district's series 2006 general obligation bonds.

ERIE COUNTY FISCAL STABILITY AUTHORITY (NEW YORK): $74,765,000 series 2012A bond anticipation notes (MIG 1); negotiated; Roosevelt & Cross Inc. and Lebenthal & Co. Inc. (lead); notes due July 31, 2013; proceeds to finance capital expenditures for the authority.

ESCAMBIA COUNTY (FLORIDA): $65 million series 2012 solid waste removal revenue bonds; negotiated; Goldman, Sachs & Co. (lead); proceeds to finance solid waste removal projects within the county.

HARRIS COUNTY INDUSTRIAL DEVELOPMENT CORP./HFOTCO LLC (TEXAS): $100 million series 2012 marine terminal revenue bonds (A3/VMIG 2//A/F1); negotiated; Bank of America Merrill Lynch (lead); bonds due Nov. 1, 2050; proceeds to make improvements to HFOTCO's real property following damages from Hurricane Ike in 2008.

ILLINOIS FINANCE AUTHORITY/ART INSTITUTE OF CHICAGO: $61.45 million series 2012A revenue bonds (A1/A+/); negotiated; Morgan Stanley & Co. LLC (lead); William Blair & Co. LLC and Loop Capital Markets LLC (co-managers); bonds due 2013 to 2022 and 2030 and 2034; proceeds to refund the authority's series 1998A, 2000A and 2003A revenue bonds.

ILLINOIS FINANCE AUTHORITY/LUTHERAN HOME AND SERVICES OBLIGATED GROUP: $101,995,000 series 2012 revenue bonds; negotiated; Ziegler Capital Inc. (lead); bonds due 2013 to 2017 with term bonds due in 2022, 2027, 2032 and 2046; proceeds to be loaned to the Lutheran Home and Services for the Aged Inc. to refinance debt issued to construct, acquire, equip and renovate properties owned by the company, as well as to refund the home's series 2001 and 2003 revenue bonds.

KENTUCKY ECONOMIC DEVELOPMENT AUTHORITY/MASONIC HOMES OF KENTUCKY: $50 million series 2012 health care facilities revenue and revenue refunding bonds; negotiated; Ziegler Capital Inc. (lead); proceeds to construct, equip, acquire and renovate Masonic Homes of Kentucky properties, as well as to refund the authority's series 2009 and 2010 revenue bonds.

LOS ANGELES DEPARTMENT OF WATER AND POWER (CALIFORNIA): $780 million series 2012 power system revenue bonds (Aa3/AA-/AA-); negotiated; De La Rosa & Co. Inc. (lead for 2012A); Bank of America Merrill Lynch, Fidelity Capital Markets Inc. and The Williams Capital Group LP (co-managers for 2012A); J.P. Morgan Securities LLC, De La Rosa & Co. Inc. and Morgan Stanley & Co. LLC (lead for 2012B); BMO Capital Markets, Citigroup Global Markets Inc., Goldman, Sachs & Co., Loop Capital Markets LLC and Ramirez & Co. Inc. (co-managers for 2012B); Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Goldman, Sachs & Co. (lead for 2012C);Cabrera Capital Markets LLC, Fidelity Capital Market Securities Inc. and US Bancorp Inc. (co-managers for 2012C ); proceeds to refund department's series 2003B revenue bonds.

• $130 million series 2012A bonds due 2014 and 2023 to 2035

• $350 million series 2012B bonds due July 1, 2043

• $300 million series 2012C bonds due 2016

MISSION HEALTH INC. (NORTH CAROLINA)/MISSION HEALTH COMBINED GROUP: $250 million series 2012 taxable health system revenue bonds (Aa3/AA-/AA-); negotiated; Bank of America Merrill Lynch and Wells Fargo Securities LLC (lead); bonds due Dec. 1, 2042; proceeds to finance capital improvements and equipment purchases for the combined group.

MISSISSIPPI DEVELOPMENT BANK/MARSHALL COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY MISSISSIPPI HIGHWAY CONSTRUCTION PROJECT: $163 million series 2012 special obligation bonds (Aa3/AA-/); negotiated; Raymond James/Morgan Keegan (lead); bonds due 2013 to 2028; proceeds to design, construct, acquire rights-of-way, expand, improve and renovate sections of U.S. Interstate 69 eastbound near the Mississippi/Tennessee border.

NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY: $350 million series 2013 future tax secured bonds (Aa1/AAA/AAA); negotiated; TD Securities (USA) LLC (sole for 2013-4 bonds) and US Bancorp Inc. (sole for 2013A-5, 2013A-6 and 2013A-7 bonds); bonds due Aug. 1, 2039; proceeds to finance general capital needs for the city.

• $50 million series 2013A-4 tax-exempt subordinate adjustable-rate bonds

• $50 million series 2013A-5 tax-exempt subordinate adjustable-rate bonds

• $100 million series 2013A-6 tax-exempt subordinate adjustable-rate bonds

• $150 million series 2103A-7 tax-exempt subordinate adjustable-rate bonds

NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY/WAKE FOREST UNIVERSITY: $110 million series 2012 educational facilities revenue bonds (Aa3/AA/); negotiated; Wells Fargo Securities LLC and BB&T Capital Markets LLC (lead); bonds due 2015 to 2033 with term bonds due 2040 and 2042; proceeds to construct and design residence halls, a dining hall and academic buildings, as well as to upgrade the university's heating plant.

NYU HOSPITALS CENTER: $250 million series 2012A taxable bonds (A3/A-/A-); negotiated; J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Bank of America Merrill Lynch (lead); TD Securities (USA) LLC (co-manager); proceeds to finance various construction projects for the center.

OHIO: $175 million series Q general obligation highway capital improvement bonds (Aa1/AAA/AA+); negotiated; Wells Fargo Securities LLC (lead); Fifth Third Securities Inc., The Huntington Investment Co., KeyBanc Capital Markets Inc., PNC Capital Markets LLC and Piper Jaffray & Co. (co-managers); bonds due 2014 to 2028; proceeds to finance highway capital projects.

OHIO/UNIVERSITY HOSPITALS HEALTH SYSTEM INC.: $55,825,000 series 2012C hospital revenue bonds (A2/A/); negotiated; Bank of America Merrill Lynch and Barclays (lead); Edward D. Jones & Co. LP, Fifth Third Securities Inc., KeyBanc Capital Markets Inc., PNC Capital Markets LLC and US Bancorp Inc. (co-managers); bonds due 2020 to 2029 with term bonds due in 2032, 2035, 2039 and 2042; proceeds to refund the health system's series 2009B and 2009C-1 revenue bonds.

SOUTH DAKOTA HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/SANFORD HEALTH: $120 million series 2012E revenue bonds; negotiated; Cain Brothers (lead); bonds due Nov. 1, 2042; proceeds to finance a loan to the health care system to construct, acquire, equip and renovate an acute-care hospital and clinic facility in Thief River Falls, Minn., as well as other facilities.

STANFORD UNIVERSITY (CALIFORNIA): $140 million series 2012 taxable bonds (Aaa/AAA/AAA); negotiated; Goldman, Sachs & Co. and Morgan Stanley & Co. LLC (lead); Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Prager & Co. LLC (co-managers); bonds due May 1, 2042; proceeds to refinance commercial paper and other debt that refinanced capital projects for the university.

TUFTS UNIVERSITY (MASSACHUSETTS): $250 million series 2012A taxable bonds; negotiated; Barclays Capital Inc. and J.P. Morgan Securities LLC; bonds due April 15, 2112; proceeds for general corporate needs of the university.

UTAH BOARD OF REGENTS: $518.7 million series 2012-1 Libor-indexed taxable student-loan backed notes (/AA+(sf)/AAA(sf)); negotiated; RBC Capital Markets LLC (lead); notes due Dec. 26, 2031; proceeds to finance student loans.

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