Municipal Calendar: California readies $549.8 million of debt

Week of October 22

CATHOLIC HEALTH INITIATIVES (COLORADO): $1.5 billion taxable bonds; negotiated; J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (lead); proceeds to finance mergers, acquisitions and joint ventures as CHI creates new partnerships; pricing week of Oct. 22.

CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY/CHINESE HOSPITAL ASSOCIATION: $65 million series 2012 revenue bonds (/A-/A-); negotiated; Bank of America Merrill Lynch (lead); bonds due 2016 to 2027 with term bonds due in 2032, 2037 and 2042; proceeds to construct, equip, renovate, acquire, and design a new hospital for the association; pricing week of Oct. 22.

HONOLULU (HAWAII): $890,355,000 series 2012 general obligation bonds; negotiated; Bank of America Merrill Lynch and Piper Jaffray & Co. (lead); proceeds to finance capital improvements for the city and county, as well as to refund existing G.O.s; pricing week of Oct. 22.

• $249.96 million series 2012A tax-exempt bonds due 2017 to 2037

• $276,135,000 series 2012B tax-exempt bonds due 2016 to 2029

• $27,735,000 series 2012C tax-exempt bonds due 2013 to 2037

• $18.09 million series 2012D taxable bonds due 2017 to 2028

• $75.06 million series 2012E taxable bonds due 2015 to 2017

• $182.59 million series 2012G taxable bonds due 2016 to 2022

INDIANA FINANCE AUTHORITY: $61,045,000 series 2012 facilities revenue bonds; negotiated; J.P. Morgan Securities LLC (lead); J.J.B. Hilliard, W.L. Lyons LLC, Piper Jaffray & Co. and Wells Fargo Securities LLC (co-managers); bonds proceeds to finance lease rentals made to the Indiana State Fair Commission used to construct the east and west pavilions of the state fairgrounds, as well as to refund the authority's series 2001 State Fair Commission fairgrounds refunding revenue bonds; pricing week of Oct. 22.

• $4,485,000 series 2012L bonds due 2013 to 2017

• $56.56 million series 2012M bonds due 2016 to 2037 with term bond due in 2038

INDIANA FINANCE AUTHORITY/COMMUNITY HEALTH NETWORK PROJECT: $381,085,000 series 2012A hospital revenue bonds (A2/A/); negotiated; Wells Fargo Securities LLC (lead); PNC Capital Markets LLC and BMO Capital Markets (co-managers); proceeds to refund the health care network's series 1988A, 1992A, 1993, 1995, 1997 and 2005C bonds; pricing week of Oct. 22.

INDIANA MUNICIPAL POWER AGENCY: $52,425,000 series 2012A power supply revenue refunding bonds (A1/A+/A+); negotiated; Citigroup Global Markets Inc. (lead); BMO Capital Markets LLC, City Securities Corp., J.P. Morgan Securities LLC, PNC Capital Markets LLC and Wells Fargo Securities LLC (co-managers); bonds due 2016 to 2020 and 2024 to 2028; proceeds to refund existing debt; pricing week of Oct. 22.

METROPOLITAN ST. LOUIS SEWER DISTRICT (MISSOURI): $147.4 million series 2012B wastewater system revenue refunding bonds (//AA+); negotiated; Siebert Brandford Shank & Co. LLC (lead); proceeds to advance refund a portion of the district's outstanding series 2004A bonds; pricing week of Oct. 22.

MIAMI-DADE COUNTY (FLORIDA): $489.19 million series 2012 subordinate special obligation refunding bonds (A2/A+/A+); negotiated; Citigroup Global Markets Inc. (lead); Blaylock Robert Van LLC, M.R. Beal & Co. Inc., RBC Capital Markets LLC, Wells Fargo Securities LLC, Cabrera Capital Markets LLC, Estrada Hinojosa & Co. Inc., Goldman, Sachs & Co., Rice Financial Products Co., Siebert Brandford Shank & Co. LLC and Southwest Securities Inc. (co-managers); bonds due 2014 to 2015 and 2021 to 2030; proceeds to refund the county's series 1997A-C and 2005A special obligation bonds; pricing week of Oct. 22.

NORTH CAROLINA MEDICAL CARE COMMISSION/WAKE FOREST BAPTIST OBLIGATED GROUP: $228.62 million series 2012 health care facilities revenue and refunding bonds (Aa3/AA-/); negotiated; Morgan Stanley & Co. LLC and Goldman, Sachs & Co. (lead); BB&T Capital Markets LLC and J.P. Morgan Securities LLC (co-managers); proceeds to finance capital improvements to Wake Forest facilities and refund debt; pricing week of Oct. 22.

• $114,175,000 series 2012A revenue bonds

• $114,445,000 series 2012B refunding revenue bonds due 2013 to 2027

OKLAHOMA WATER RESOURCES BOARD: $85,315,000 series 2012B revolving fund revenue bonds (Aaa/AAA/AAA); negotiated; Bank of America Merrill Lynch (lead); BOSC Inc., J.P. Morgan Securities LLC and Wells Nelson & Associates LLC (co-managers); bonds due 2014 to 2033; proceeds to make subsidized loans to qualified local governments to make improvements to wastewater treatment facilities; pricing week of Oct. 22.

PHILADELPHIA: $71.17 million series 2012 water and wastewater revenue refunding bonds (A1/A/A+); negotiated; Siebert Brandford Shank & Co. LLC and Ramirez & Co. Inc. (lead); Morgan Stanley & Co. LLC and Wells Fargo Securities LLC (co-managers); bonds due 2013 to 2014 and 2025 to 2028; proceeds to current refund city's series 2001A-B water and wastewater revenue bonds as well as make a deposit to a debt service reserve fund; pricing week of Oct. 22.

SAN ANTONIO (TEXAS): $150 million series 2012 electric and gas systems variable-rate junior-lien revenue refunding bonds (Aa2/AA-/AA+); negotiated; First Southwest Co. (lead for 2012A bonds), Jefferies & Co. (lead for 2012B bonds), Piper Jaffray & Co. (lead for 2012C bonds); bonds due Dec. 1, 2027 proceeds to refinance the city's series 2004 junior-lien revenue bonds; pricing week of Oct. 22.

• $50 million series 2012A bonds

• $50 million series 2012B bonds

• $50 million series 2012C bonds

VIRGINIA RESOURCES AUTHORITY/GOOCHLAND COUNTY-TUCKAHOE CREEK SERVICE DISTRICT PROJECT: $54,021,677.95 series 2012 water and sewer system revenue refunding bonds (Aa2/AA/); negotiated; Citigroup Global Markets Inc. (lead); Jefferies & Co. and Loop Capital Markets LLC (co-managers); proceeds to refund authority's series 2002 bonds; pricing week of Oct. 22.

• $18,931,677.95 tax-exempt capital appreciation bonds due 2028 to 2035

• $28,605,000 tax-exempt current interest term bonds due Nov. 1, 2040

• $6,485,000 taxable refunding bonds due Nov. 1, 2041

October 23

CALIFORNIA: $549.8 million series 2012 various-purpose general obligation refunding bonds (A1/A-/A-); competitive; Public Resources Advisory Group (financial adviser); proceeds to current and advance refund some of the state's general obligation bonds; pricing Oct. 23.

CHARLESTON COUNTY SCHOOL DISTRICT (SOUTH CAROLINA): $61,275,000 series 2012B general obligation bonds (Aa2); competitive; proceeds to fund annual payments from the district's outstanding installment purchase revenue bonds and permanently finance $37.3 million of outstanding bond anticipation notes; pricing Oct. 23.

EL PASO (TEXAS): $82.2 million series 2012 certificates of obligation and general obligation refunding bonds (//AA); negotiated; RBC Capital Markets LLC (lead); proceeds to finance various public improvements and refund existing city debt; pricing Oct. 23.

• $61.5 million series 2012 combination tax and revenue certificates of obligation

• $20.7 million series 2012 general obligation refunding bonds

GRIFFIN (GEORGIA): $54.51 million series 2012 combined public utility revenue refunding bonds (Aa2/AA-/); negotiated; Raymond James/Morgan Keegan (lead); bonds due 2014 to 2032; proceeds to refund existing utility revenue bonds; pricing Oct. 23.

TARRANT REGIONAL WATER DISTRICT (TEXAS): $102.36 million series 2012A water revenue refunding bonds (/AAA/AA+); negotiated; J.P. Morgan Securities LLC (lead); Citigroup Global Markets Inc., M.R. Beal & Co. Inc., RBC Capital Markets LLC and Raymond James/Morgan Keegan (co-managers); bonds due 2013 to 2022; proceeds to refund the district's series 2002 water revenue refunding and improvement bonds; pricing Oct. 23.

VIRGINIA COLLEGE BUILDING AUTHORITY/UNIVERSITY OF RICHMOND: $60 million series 2012 educational facilities revenue bonds (Aa1/AA+/); negotiated; Goldman, Sachs & Co. and Raymond James/Morgan Keegan (lead); proceeds to construct and acquire residence halls and a sports field, as well as to renovate student housing, a library and academic buildings; pricing Oct. 23.

October 24

CHESAPEAKE (VIRGINIA): $153,028,935 series 2012 Chesapeake transportation system senior toll road revenue bonds (/BBB/BBB); negotiated; Citigroup Global Markets Inc. (lead); J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Davenport & Co. LLC, Piper Jaffray & Co., Raymond James/Morgan Keegan and Wells Fargo Securities LLC (co-managers); proceeds to finance the construction, acquisition, design, equipment and renovation of the city's transportation system, as well as to refund the city's series 1999A Chesapeake Expressway toll revenue bonds; pricing Oct. 24.

• $100 million series 2012A current interest bonds

• $53,028,935 series 2012B convertible capital appreciation bonds

CONROE INDEPENDENT SCHOOL DISTRICT (TEXAS): $210 million series 2012A unlimited tax school building bonds and refunding bonds (Aaa); negotiated; First Southwest Co. (lead); proceeds to finance capital improvements to local schools and refund the district's series 2001A, 2003A and 2005C bonds; pricing Oct. 24.

FAIRFIELD-SUISUN UNIFIED SCHOOL DISTRICT (CALIFORNIA): $52.99 million series 2012 general obligation refunding bonds (Aa2); competitive; Government Financial Strategies Inc. (financial adviser); bonds due 2013 to 2028; proceeds to refund the district's series 2004 G.O. bonds; pricing Oct. 24.

VIRGINIA PUBLIC SCHOOL AUTHORITY: $61.78 million series 2012C school financing bonds (Aa1/AA+/AA+); competitive; BB&T Capital Markets (financial adviser); bonds due 2013 to 2041; proceeds to purchase local school bonds; pricing Oct. 24.

Week of October 29

October 30

MAUI COUNTY (HAWAII): $70,115,000 series 2012 general obligation bonds (Aa1/AA+/AA+); competitive; C.M. de Crinis & Co. Inc. (financial adviser); proceeds to finance various capital improvements for the county, including the construction, improvement and replacements of water and sewer system facilities, solid waste facilities, drainage, road and bridge construction and repair, public works facilities, parks improvements, recreational facilities, public safety facilities and equipment and stadium improvements; pricing Oct. 30.

NEW JERSEY: $2.6 billion series 2013C tax and revenue anticipation notes; competitive; notes due June 27, 2013; proceeds to finance revenues and expenditures for the state's general fund ahead of the collection of taxes and revenues during the 2013 fiscal year; pricing Oct. 30.

On the Horizon

BAYLOR UNIVERSITY (TEXAS): $200 million series 2012 taxable fixed-rate bonds (/A+/A+); negotiated; Barclays (lead); proceeds to construct, equip, acquire and renovate facilities for the university, as well as to refinance commercial paper notes.

BRIDGEPORT (CONNECTICUT): $71.5 million series 2012B general obligation tax anticipation notes; negotiated; William Blair & Co. (lead); notes due Feb. 12, 2013; proceeds to finance capital needs for the city ahead of the collection of certain taxes.

COVANTA HOLDING CORP. (NEW JERSEY): $300 million tax-exempt refunding bonds; maturities up to 2042; proceeds to finance capital expenditures at the company's facilities in Massachusetts, as well as to refund existing debt.

DALLAS AREA RAPID TRANSIT (TEXAS): $128,315,000 series 2012 senior lien sales tax revenue bonds (Aa2/AA+/); negotiated; Loop Capital Markets LLC (lead); M.R. Beal & Co., Ramirez & Co. Inc. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to refund commercial paper notes.

INDIANA FINANCE AUTHORITY/COMMUNITY FOUNDATION OF NORTHWEST INDIANA OBLIGATED GROUP: $179,715,000 series 2012 revenue bonds (/A-/A-); negotiated; Ziegler Capital Markets Inc. (lead); proceeds to construct, acquire, equip, repair or renovate health facilities operated by the obligated group.

MIAMI UNIVERSITY (OHIO): $121.7 million series 2012 general receipts revenue bonds (Aa3//AA); negotiated; Fifth Third Securities Inc. (lead); Barclays, Morgan Stanley & Co. LLC and Stifel, Nicolaus & Co. Inc. (co-managers); bonds due 2014 to 2032 with term bond due Sept. 1, 2037; proceeds to renovate the university's housing and dining facilities.

MICHIGAN FINANCE AUTHORITY/CRITTENTON HOSPITAL MEDICAL CENTER: $108,805,000 series 2012A hospital revenue and refunding bonds (Baa2/A-/); negotiated; J.P. Morgan Securities LLC (lead); bonds due 2013 to 2022 with term bonds due in 2027, 2032, 2037 and 2039; proceeds to finance capital improvements at the medical center's properties, as well as to refund the medical center's series 2002A and 2003A-B revenue bonds.

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.

NEW YORK STATE HOUSING FINANCE AGENCY: $50,355,000 series 2012C affordable housing revenue bonds; negotiated; Siebert Brandford Shank & Co. LLC and J.P. Morgan Securities LLC (lead); Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Ramirez & Co. Inc. and Raymond James/Morgan Keegan (co-managers); bonds due 2013 to 2023 with term bonds due in 2014, 2015, 2027, 2032, 2037, 2042 and 2044; proceeds to finance loans to construct or renovate three affordable housing projects in the state.

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.

NORTHSTAR STUDENT LOAN TRUST II (MINNESOTA): $98.7 million series 2012A adjustable-rate student loan bonds (/AA-/A-1+/AA/F1+); negotiated; RBC Capital Markets LLC (lead); bonds due Oct. 1, 2042; proceeds to make student loans.

RHODE ISLAND CLEAN WATER FINANCE AUTHORITY: $65,105,000 series 2012B water pollution control refunding revenue bonds (/AAA/AAA); negotiated; Janney Montgomery Scott LLC and J.P. Morgan Securities LLC (lead); Roosevelt & Cross Inc., Oppenheimer & Co. Inc. and Ramirez & Co. Inc. (co-managers); bonds due 2013 to 2025; proceeds to repay loans and refund existing debt.

SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY: $74,715,000 series 2012 homeownership mortgage bonds (Aa1/AAA/); negotiated; Bank of America Merrill Lynch and Citigroup Global Markets Inc. (lead); J.P. Morgan Securities LLC, Dougherty & Co. LLC and Wells Fargo Securities LLC (co-managers); proceeds to make mortgage loans and to refund and redeem the authority's series 2001F, 2003A, 2003B, 2003D and 2003F bonds.

• $41.7 million series 2012D AMT bonds due 2013 to 2022 with term bond due in 2030

• $9,355,000 series 2012E non-AMT bonds due May 1, 2015

• $23.66 million series 2012F non-AMT bonds due 2033, 2037 and 2042

UTAH TRANSIT AUTHORITY: $296,825,000 series 2012 subordinate sales tax revenue and refunding bonds (A1/A-/A+); negotiated; Morgan Stanley & Co. LLC and Bank of America Merrill Lynch (lead); bonds due 2013 to 2017 and 2021 to 2032 with term bonds due in 2037 and 2042; proceeds to refund the authority's series 2011A-B revenue bonds.

WASHINGTON HEALTH CARE FACILITIES AUTHORITY/MULTICARE HEALTH SYSTEM: $60 million series 2012A revenue bonds (A-1//AA-); negotiated; Barclays (lead); Wells Fargo Securities LLC and J.P. Morgan Securities LLC (lead); bonds due 2013 to 2030; proceeds to finance or reimburse the health system for the construction, renovation, equipment, repair and acquisition of MultiCare facilities.

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