Municipals Calendar: California prepares $2 billion sale of bonds

Week of February 27

ALABAMA 21ST CENTURY AUTHORITY: $95 million series 2012 tobacco settlement revenue refunding bonds (/A-/BBB-); negotiated; Citigroup Global Markets Inc. (lead); proceeds to refund prior tobacco settlement revenue bonds; pricing week of Feb. 27.

CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY/LUCILE SALTER PACKARD CHILDREN'S HOSPITAL: $251,235,000 series 2012 revenue bonds (Aa3/AA/AA); negotiated; Morgan Stanley & Co. LLC (lead); Bank of America Merrill Lynch and Wells Fargo Securities LLC (co-managers); proceeds to finance construction projects at the hospital and refund series 2003C revenue bonds; pricing week of Feb. 27.

LAMAR CONSOLIDATED INDEPENDENT SCHOOL DISTRICT (TEXAS): $172.99 million series 2012 unlimited tax refunding bonds; negotiated; Morgan Keegan & Co. Inc. (lead); BOSC Inc., Wells Fargo Securities LLC, Piper Jaffray & Co., RBC Capital Markets LLC and Southwest Securities Inc. (co-managers); proceeds to construct, acquire, equip and renovate existing school buildings within the district and to refund existing variable-rate debt; pricing week of Feb. 27.

• $125,415,000 series 2012A unlimited tax schoolhouse and refunding bonds due 2015 to 2045

• $47,575,000 series 2012B unlimited tax refunding bonds due 2016 to 2024

MAINE TURNPIKE AUTHORITY: $138.8 million series 2012 turnpike revenue bonds (Aa3/AA-/AA-); negotiated; Bank of America Merrill Lynch and Siebert Brandford Shank & Co. LLC (lead); J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Ramirez & Co. Inc. (co-managers); proceeds to finance the costs to construct, renovate and rehabilitate turnpike projects within the state; pricing week of Feb. 27.

NEW YORK STATE MORTGAGE AGENCY: $125,445,000 homeowner mortgage revenue bonds; negotiated; J.P. Morgan Securities LLC (lead); Bank of America Merrill Lynch; Citigroup Global Markets Inc.; Morgan Stanley & Co. LLC; Barclays Capital Inc.; George K. Baum & Co. Inc.; M&T Securities Inc.; M.R. Beal & Co. Inc.; Ramirez & Co. Inc.; RBC Capital Markets LLC; Roosevelt & Cross Inc.; Siebert Brandford Shank & Co. LLC; and Wells Fargo Securities LLC (co-managers); proceeds to make mortgage loans; pricing week of Feb. 27.

• $50,445,000 series 168 non-AMT bonds due 2013 to 2022 with term bonds due in 2027, 2032, 2037 and 2040

• $43.06 million series 169 non-AMT bonds due 2012 to 2021

• $24.94 million series 170 AMT bonds due 2018 to 2022 with term bonds due in 2027

• $7 million series 171 taxable bonds due 2022

OHIO: $68.58 million series 2012 capital facilities lease appropriation bonds (Aa2/AA/AA); negotiated; Wells Fargo Securities LLC (lead); RBC Capital Markets LLC and Ross, Sinclaire & Associates LLC (co-managers); proceeds to pay the costs of capital facilities to be leased to the Department of Administrative Services, as well as advance refund existing bonds; pricing week of Feb. 27.

• $32.7 million series 2012A administrative building projects bonds due 2013 to 2032

• $7,705,000 series 2012A cultural and sports facilities improvement projects refunding bonds due 2014 to 2018

• $28,175,000 series 2012B administrative building projects refunding bonds due 2019 to 2024

TURNPIKE AUTHORITY OF KENTUCKY: $230,985,000 series 2012A economic development road revenue bonds (Aa2/AA+/AA-); negotiated; Goldman, Sachs & Co. (lead); Morgan Stanley & Co. LLC; Citigroup Global Markets Inc.; J.J.B. Hilliard, W.L. Lyons LLC; PNC Capital Markets LLC; Morgan Keegan & Co. Inc.; Stifel, Nicolaus & Co. Inc.; Edward D. Jones & Co. LP; First Kentucky Securities Inc.; Sterne, Agee & Leach Inc.; Ross, Sinclaire & Associates Inc.; Bank of America Merrill Lynch; and J.P. Morgan Securities LLC; bonds due 2016 to 2032; proceeds to fund revitalization projects included in the authority's six-year capital plan; pricing week of Feb. 27.

WASHOE COUNTY SCHOOL DISTRICT (NEVADA): $79,395,000 series 2012 general obligation bonds (Aa2/AA/); negotiated; Piper Jaffray & Co. (lead); proceeds to finance capital improvements to schools in the district, as well as the current refund the district's series 2002, 2005 and 2007B bond and advance refund the district's series 2003A, 2003C and 2005A bonds; pricing week of Feb. 27.

February 28

CALIFORNIA DEPARTMENT OF WATER RESOURCES: $350 million Central Valley project water system revenue bonds (Aa1/AAA/); negotiated; BMO Capital Markets LLC (lead); Barclays Capital Inc.; Blaylock Robert Van LLC; Citigroup Global Markets Inc.; De La Rosa & Co. Inc.; Drexel Hamilton LLC; Great Pacific Securities Inc.; Hutchinson Shockey Erley & Co. LLC; Jefferies & Co.; Stone & Youngberg LLC; Morgan Stanley & Co. LLC; Wulff, Hansen & Co.; and US Bancorp Inc. (co-managers); proceeds to refund department's series 2002X and 2005AC revenue bonds; pricing Feb. 28.

• $40 million series AK bonds due 2013 to 2035 with term bond

• $110 million series AL bonds due 2013 to 2029 with term bond

• $200 million series AM bonds due 2013 to 2025 with term bond

DEKALB COUNTY (GEORGIA): $157 million series 2012 tax anticipation notes (MIG 1); competitive; Public Financial Management Inc. (financial adviser); notes due Dec. 28, 2012; proceeds to fund current expenses ahead of the collection of certain taxes; pricing Feb. 28.

ORANGE COUNTY SANITATION DISTRICT (CALIFORNIA): $92.8 million series 2012A wastewater refunding obligations (/AAA/AAA); competitive; Public Resources Advisory Group (financial adviser); proceeds to refund district's series 2003 certificates; pricing Feb. 28.

SAN DIEGO UNIFIED SCHOOL DISTRICT (CALIFORNIA): $100 million series 2012R-1 dedicated unlimited tad valorem tax general obligation refunding bonds; negotiated; Citigroup Global Markets Inc. (lead); De La Rosa & Co. Inc., Goldman, Sachs & Co. and J.P. Morgan Securities LLC (co-managers); proceeds to purchase, defease or cancel outstanding G.O. bonds; pricing Feb. 28.

WASHINGTON STATE: $534.67 million of series 2012 general obligation bonds (Aa1/AA+/AA+); competitive; Montague DeRose and Associates LLC (financial adviser); proceeds to pay and reimburse state expenditures for various capital projects, state buildings and facilities for institutions of higher education and state programs for Columbia River Basin water supply development, Hood Canal aquatic rehabilitation, outdoor recreation, riparian protection and habitation conversation, pay expenditures for the construction of selected projects or improvements that are identified as transportation 2003 projects or improvements in the 2003 omnibus transportation budget and construction of selected projects or improvements that are identified as 2005 transportation partnership projects or improvements in the 2005 omnibus transportation budget; pricing Feb. 28.

• $346,075,000 series 2012D various purpose general obligation bonds due 2013 to 2037

• $188,595,000 series 2012E motor vehicle fuel tax G.O. bonds due 2013 to 2042

February 29

ALABAMA PUBLIC SCHOOL AND COLLEGE AUTHORITY: $162,035,000 series 2012 refunding bonds (Aa1/AA/AA+); competitive; Public Financial Advisors Inc. (financial adviser); proceeds to refund authority's series 2002A-B, 2003 pool bonds and 2003 non-pool bonds; pricing Feb. 29.

• $80.27 million series 2012A pool refunding bonds due 2013 to 2024

• $81,815,000 series 2012B capital improvement, economic development and training refunding bonds due 2015 to 2029

GUILFORD COUNTY (NORTH CAROLINA): $170.29 million series 2012 general obligation bonds (Aaa/AAA/AAA); negotiated; Wells Fargo Securities LLC and BB&T Capital Markets Inc. (lead); proceeds to construct, acquire, equip, renovate and improve school facilities in the county and refund the county's series 2000C variable-rate general obligation bonds; pricing Feb. 29.

• $128.7 million series 2012A G.O. public improvement bonds due 2013 to 2031

• $17,145,000 series 2012B qualified school construction G.O. bonds due March 1, 2032

• $24,445,000 series 2012C G.O. refunding bonds due 2016 to 2020

PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY: $83,985,000 series AN state system of higher education revenue bonds (Aa2//AA); competitive; RBC Capital Markets LLC (financial adviser); bonds due 2013 to 2023; proceeds to fund improvements to the state's higher educational facilities; pricing Feb. 29.

March 1

CALIFORNIA: $2 billion series 2012 various purpose general obligation refunding bonds (A1/A-/A-); negotiated; Barclays Capital Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC (lead); De La Rosa & Co. Inc.; Alamo Capital Inc.; Backstrom McCarley Berry & Co. LLC; BMO Capital Markets GSKT Inc.; Bank of America Merrill Lynch; Cabrera Capital Markets LLC; Citigroup Global Markets Inc.; City National Securities Inc.; Edward D. Jones & Co. LP; Fidelity Capital Markets LLC; Goldman, Sachs & Co.; Greencoast Capital Partners LLC; Grigsby & Associates Inc.; Jackson Securities Inc.; Jefferies & Co.; Loop Capital Markets LLC; Morgan Stanley & Co. LLC; Piper Jaffray & Co.; Prager, Sealy & Co. LLC; Ramirez & Co. Inc.; Raymond James & Associates Inc.; RBC Capital Markets LLC; RH Investment Corp.; Siebert Brandford Shank & Co. LLC; SL Hare Inc.; Southwest Securities Inc.; Stone & Youngberg LLC; Sutter Securities Inc.; US Bancorp Inc.; Wedbush Morgan Securities Inc.; and William Blair & Co. (co-managers); proceeds to current refund existing G.O. bonds for a debt service savings; pricing March 1.

LOUISIANA: $449 million series 2012 general obligation bonds; competitive; Lamont Financial Services Inc. (financial adviser); proceeds to finance general government, health and hospital, elected officials, economic development, non-state, levee districts and ports and education expenses; pricing March 1.

• $400 million series 2012A G.O. bonds

• $49 million series 2012B G.O. refunding bonds

Week of March 5

March 6

SAN FRANCISCO UNIFIED SCHOOL DISTRICT (CALIFORNIA): $234,795,000 series 2012 general obligation bonds (Aa2/AA-/); competitive; Tamaplais Advisors Inc. (financial adviser); proceeds for a deposit into a building construction fund for new school facilities and renovations, and to refund district's series 2004 and 2005 G.O. bonds; pricing March 6.

March 7

MARYLAND: $921.59 million series 2012 state and local facilities loan general obligation bonds; negotiated and competitive; Bank of America Merrill Lynch (lead for 2012A); Citigroup Global Markets Inc.; J.P. Morgan Securities LLC; M&T Securities Inc.; Siebert Brandford Shank & Co. LLC; Barclays Capital Inc.; Goldman, Sachs & Co.; Loop Capital Markets LLC; Morgan Keegan & Co. Inc.; and RBC Capital Markets LLC (co-managers for 2012A); Public Financial Management Inc. and Strategic Solutions Center LLC (financial advisers for 2012B-C); proceeds to make a deposit to the state's state and local facilities loan account to be expended as projects arise; pricing March 7.

• $150 million series 2012A tax-exempt bonds due 2015 to 2027

• $450 million series 2012B tax-exempt bonds due 2015 to 2027

• $321.59 million series 2012C tax-exempt refunding bonds due 2016 to 2022

On the Horizon

ALAMO COMMUNITY COLLEGE DISTRICT (TEXAS): $76,225,000 series 2012 revenue financing system revenue and refunding bonds (Aa2/AA-/); negotiated; Piper Jaffray & Co. (lead); Wells Fargo Securities LLC, Estrada Hinojosa & Co. Inc., Southwest Securities Inc. and Stifel, Nicolaus & Co. Inc. (co-managers); proceeds to construct a parking garage, as well as to refund existing debt.

• $53.86 million series 2012A revenue and refunding bonds due 2013 to 2036

• $22,365,000 series 2012B taxable revenue refunding bonds due 2012 to 2017

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.

HOUSTON (TEXAS): $520 million series 2012 airport system revenue refunding bonds; negotiated; Morgan Stanley & Co. LLC (lead); Ramirez & Co. Inc., RBC Capital Markets LLC, Blaylock Robert Van LLC, Jefferies & Co. and Wells Fargo Securities LLC (co-managers); proceeds to refund the city's series 1998B-C, 2000A, 2001A and 2002A-B airport system revenue bonds.

• $280 million series 2012A AMT bonds due 2016 to 2032

• $220 million series 2012B AMT bonds due 2021 to 2032

• $20 million series 2012C taxable bonds due 2013 to 2015

INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF TEMPE (ARIZONA): $79.58 million series 2012 revenue refunding bonds; negotiated; Ziegler Capital Markets Inc. (lead); proceeds to refund existing debt and make a deposit to a debt service reserve fund.

• $75,095,000 series 2012A bonds

• $4,485,000 series 2012B taxable bonds

LOS ANGELES COUNTY (CALIFORNIA)/DISNEY CONCERT HALL PARKING GARAGE: $51 million series 2012 refunding certificates of participation (A1/A+/A+); negotiated; Wells Fargo Securities LLC and De La Rosa & Co. Inc. (lead); certificates due 2020 to 2023; proceeds to prepay all of the outstanding series 1998 certificates of participation on April 20 at par.

NEVADA: $115.7 million series 2012 general obligation bonds (Aa2/AA/AA+); negotiated; Morgan Stanley & Co. LLC (lead); Robert W. Baird & Co. Inc. and RBC Capital Markets LLC (co-managers); proceeds to fund capital projects in the state.

• $24,985,000 series 2012A Nevada Municipal Bond Bank bonds due 2012 to 2031

• $47,455,000 series 2012B capital improvement and cultural affairs refunding bonds due 2013 to 2022

• $21.62 million series 2012C natural resources refunding bonds due 2013 to 2024

• $4.23 million series 2012D open space, parks and natural resources refunding bonds due 2014 to 2023

• $17.41 million series 2012E Colorado River Commission Hoover uprating refunding bonds due 2013 to 2016

SPECIAL CARE FACILITIES FINANCING AUTHORITY OF THE CITY OF PELL/NOLAND HEALTH SERVICES INC. (ALABAMA): $87.63 million series 2012A revenue bonds (/A-/); negotiated; RBC Capital Markets LLC (lead); bonds due 2012 to 2021 with term bonds due 2026, 2031 and 2039; proceeds to finance capital improvements at Noland health care facilities and advance refund the health care system's series 2007A revenue bonds and current refund its series 2009A revenue bonds.

TRAVIS COUNTY HEALTH FACILITIES DEVELOPMENT CORP./LONGHORN VILLAGE (TEXAS): $112,245,000 series 2012 first mortgage revenue refunding bonds; negotiated; BB&T Capital Markets Inc. and ME Allison & Co. Inc. (lead); proceeds to fund working capital needs of the Longhorn Village retirement community in Austin, Texas, as well as to refund existing debt and terminate a swap agreement connected to the refunded bonds.

• $83,635,000 series 2012A fixed-rate bonds due 2022, 2032, 2042 and 2047

• $5 million series 2012B adjustable-rate bonds due Jan. 1, 2047

• $19 million series 2012C-1 temporary fixed-rate bonds

• $4.61 million series 2012C-2 taxable temporary fixed-rate bonds

VERMONT: $135.62 million series 2012 general obligation bonds (Aaa/AA+/AAA); negotiated and competitive; Citigroup Global Markets Inc. (lead for 2012A and 2012D); Bank of America Merrill Lynch and Wells Fargo Securities LLC (co-managers for 2012A and 2012D); Public Resources Advisory Group (financial adviser for 2012B and 2012C); proceeds to refund state's series 2004D, 2005A, 2005D, 2007A and 2007D G.O. bonds.

• $25 million series 2012A Vermont citizen bonds due 2012 to 2022

• $28 million series 2012B G.O. bonds due 2022 to 2030

• $10 million series 2012C taxable G.O. bonds due 2013 to 2016

• $72.62 million series 2012D G.O. refunding bonds due 2012 and 2015 to 2025

WILLIAMSON COUNTY (TEXAS): $153,165,000 series 2012 limited tax refunding bonds; negotiated; Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC (lead); First Southwest Co. and Estrada Hinojosa & Co. Inc. (co-managers); bonds due 2017 to 2030; proceeds to advance refund the county's series 2004 unlimited tax and road refunding bonds, series 2006 unlimited tax road bonds, series 2006 combination tax and revenue certificates of obligation, series 2006 pass-through toll revenue and limited tax bonds, series 2007 unlimited tax road bonds and series 2007A limited tax bonds.

WINSTON-SALEM (NORTH CAROLINA): $50.44 million series 2012A limited obligation bonds (Aaa/AAA/AAA); negotiated; Baird & Co. Inc. and BB&T Capital Markets Inc. (lead); bonds due 2013, 2015 and 2017; proceeds to refinance the city's base rentals under agreements with the North Carolina Municipal Leasing Corp. corresponding to the city's series 2008C variable-rate certificates of participation and its series 2010B variable-rate limited obligation bonds.

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