Municipals Calendar: New York University plans $205 million deal

Week of March 12

CHARLOTTE (NORTH CAROLINA): $175.69 million series 2012A general obligation refunding bonds (Aaa/AAA/AAA); negotiated; Wells Fargo Securities LLC and Bank of America Merrill Lynch (lead); Stephens Inc. (co-managers); bonds due 2013 to 2032; proceeds to refund the city's series 2002 G.O. bonds and repay certain commercial paper notes; pricing week of March 12.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/NEW YORK UNIVERSITY: $205,195,000 series 2012A revenue bonds (Aa3/AA-/); negotiated; Bank of America Merrill Lynch, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (co-managers); Barclays Capital Inc.; Lebenthal & Co. LLC; Loop Capital Markets LLC; Morgan Keegan & Co. Inc.; Oppenheimer & Co. Inc.; Ramirez & Co. Inc.; Roosevelt & Cross Inc.; and US Bancorp Investments Inc. (co-managers); bonds due 2013 to 2032 with term bonds due in 2037 and 2042; proceeds to construct, acquire, develop and equip an academic building to be used by the New York University School of Law, as well as to construct, acquire, renovate and equip a condominium unit to be utilized as administrative offices; pricing week of March 12.

IDAHO STATE BUILDING AUTHORITY: $78,135,000 series 2012 state building refunding revenue bonds (Aa2/AA/); negotiated; Citigroup Global Markets Inc. (underwriter); proceeds to refund debt; pricing week of March 12.

• $6.04 million series 2012A health and welfare bonds due 2012 to 2024

• $36,695,000 series 2012B water center bonds due 2012 to 2043

• $7,045,000 series 2012C Idaho State University bonds due 2012 to 2023

• $5 million series 2012D College of Western Idaho bonds due 2012 to 2023

• $6.77 million series 2012E University of Idaho bonds due 2014 to 2023

• $5,785,000 series 2012F Lewis-Clark State College bonds due 2014 to 2023

• $6,355,000 series 2012G North Idaho College bonds due 2014 to 2023

• $3.12 million series 2012H College of Southern Idaho bonds due 2014 to 2023

• $1,325,000 series 2012I Idaho State Police/POST Academy bonds due 2014 to 2023

OLYMPIA SCHOOL DISTRICT NO. 111 (WASHINGTON): $59,865,000 series 2012 unlimited tax general obligation refunding bonds (Aa2/A+/); competitive; D.A. Davidson & Co. (financial adviser); bonds due 2012 to 2023; proceeds to advance refund district's series 2003 and 2005A G.O. bonds; pricing week of March 12.

On the Horizon

BELLEVUE (WASHINGTON): $98.5 million series 2012 limited tax general obligation refunding bonds; negotiated; Citigroup Global Markets Inc. and D.A. Davidson & Co. (lead); bonds due 2013 to 2043; proceeds to refund city's series 2004 G.O. bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/FORDHAM UNIVERSITY: up to $50 million fixed-rate tax-exempt bonds; negotiated; Bank of America Merrill Lynch (lead); maturity not to exceed 22 years; proceeds to refund university's series 1998 revenue bonds and 2002 revenue bonds.

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/NEW YORK UNIVERSITY: up to $73,025,000 of fixed- and/or variable-rate taxable bonds; maturity not to exceed 40 years; proceeds to pay all or a part of a line of credit used to construct the NYU Global Center for Academic and Spiritual Life.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/NORTH SHORE-LONG ISLAND JEWISH HEALTH SYSTEM: up to $79 million of series 2012 tax-exempt bonds; negotiated; Citigroup Global Markets Inc. (lead); proceeds to refund a portion of the health system's series 1998 bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/TEACHERS COLLEGE: up to $75 million of fixed- and/or variable-rate series 2012 bonds; negotiated; maturity not to exceed 30 years; proceeds to refund authority's MBIA-insured series 2002 bonds, as well as to renovate the college's Bancroft Hall, an eight-story, 108-unit residence hall.

DURHAM CAPITAL FINANCING CORP. (NORTH CAROLINA): $60.32 million series 2012 limited obligation bonds (Aa1/AA+/); negotiated; SunTrust Robinson Humphrey and Rice Financial Products Co. (lead); bonds due 2013 to 2032; proceeds to upgrade the county's financial system software, acquire replacement personal computers, servers and other IT equipment, and replace various county vehicles.

ENERGY NORTHWEST (WASHINGTON): $155,795,000 series 2012 electric revenue refunding bonds; negotiated; Goldman, Sachs & Co. (lead); Citigroup Global Markets Inc. and Bank of America Merrill Lynch (co-managers); proceeds to advance refund the utility's series 2003A project 1 and project 3 revenue bonds.

• $40,675,000 series 2012B project 1 bonds due 2016 to 2017

• $29,135,000 series 2012B project 3 bonds due 2017

• $24.17 million series 2012C taxable project 1 bonds due 2016

• $61,185,000 series 2012C taxable project 3 bonds due 2015 to 2016

GALLIA COUNTY (OHIO)/HOLZER HEALTH SYSTEM OBLIGATED GROUP: $118.3 million series 2012A hospital facilities revenue refunding and improvement bonds; negotiated; RBC Capital Markets LLC (underwriter); proceeds to construct, acquire, equip and renovate new and existing Holzer Health facilities, as well as to refund its series 1998 and 2005 revenue bonds and repay several promissory notes and commercial loans.

HEALTH AND EDUCATIONAL FACILITIES BOARD OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY (TENNESSEE)/VANDERBILT UNIVERSITY: $134 million series 2012 revenue refunding bonds (Aa2/AA/AA+); negotiated; Wells Fargo Securities LLC (lead for 2012A); J.P. Morgan Securities LLC (lead for 2012B); bonds due Oct. 1, 2038, and bear interest at Sifma index rate; proceeds to refund university's series 2000B, 2002A, 2003A and 2005A-2 revenue bonds.

• $67 million series 2012A bonds with tender date of Oct. 1, 2015

• $67 million series 2012B bonds with tender date of Oct. 1, 2017

HOSPITAL AUTHORITY OF CLARKE COUNTY (GEORGIA)/ATHENS REGIONAL MEDICAL CENTER: $63,955,000 series 2012 refunding revenue certificates (Aa1/AA/); negotiated; Morgan Keegan & Co. Inc. (sole); bonds due 2013 to 2032; proceeds to refund the medical center's series 1999 and 2000 revenue certificates.

JACKSONVILLE (FLORIDA): $355.18 million series 2012 Better Jacksonville sales tax refunding revenue bonds (A1/A+/A+); negotiated; Goldman, Sachs & Co. (lead); CastleOak Securities LP, Loop Capital Markets LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC (co-managers); bonds due 2014 to 2030; proceeds to make improvements to the city's transportation system, parks, infrastructure, roads and other capital projects.

JACKSONVILLE (FLORIDA): $203.34 million series 2012 transportation refunding revenue bonds (A1/AA-/AA-); negotiated; Goldman, Sachs & Co. (lead); CastleOak Securities LP, Loop Capital Markets LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC (co-managers); proceeds to refund city's series 2001 bonds and series 1997 state bonds.

• $146,945,000 series 2012A bonds due 2023 to 2031

• $55,395,000 series 2012B bonds due 2013 to 2023

LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT/CATHOLIC HEALTH INITIATIVES (KENTUCKY): $272.25 million series 2012A revenue bonds (Aa2/AA/AA); negotiated; Morgan Stanley & Co. LLC (lead); J.P. Morgan Securities LLC and Edward D. Jones & Co. LP; proceeds to advance refund existing Catholic Health bonds.

MEDICAL CENTER EDUCATIONAL BUILDING CORP./UNIVERSITY OF MISSISSIPPI MEDICAL CENTER FACILITIES EXPANSION AND RENOVATION PROJECT: $103.14 million series 2012 revenue bonds (Aa2/AA-/); negotiated; Morgan Stanley & Co. LLC (lead); RBC Capital Markets LLC, Loop Capital Markets LLC and Ziegler Capital Markets LLC; proceeds to expand, renovate, equip and furnish new and existing medical, educational and research facilities at the medical center.

MEMPHIS (TENNESSEE): $125.89 million series 2012 general improvement and refunding bonds (Aa2/AA/); negotiated; Bank of America Merrill Lynch and Morgan Keegan & Co. Inc. (lead); Duncan-Williams Inc. and Harvestons Securities Inc. (co-managers); proceeds to finance various capital improvement projects within the city, as well as to refund the city's series 2004 and 2006A general improvement bonds.

• $121.89 million series 2012A tax-exempt bonds due 2016 to 2032

• $4 million series 2012B taxable bonds due 2013 to 2026

MONROE COUNTY (NEW YORK): $57,005,000 series 2012 general obligation refunding bonds; negotiated; Sterne, Agee & Leach Inc. (sole); bonds due 2013 to 2023; proceeds to advance refund county's series 2002 and 2003 public improvement bonds.

OREGON: $337,955,000 series 2012 general obligation bonds (Aa1/AA+/AA+); negotiated; Citigroup Global Markets Inc. and Bank of America Merrill Lynch (lead); Fidelity Capital Markets LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Seattle-Northwest Securities Corp. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to prepay state's series 2002B, 2002C, 2002E, 2003A, 2004B, 2005A-B and 2006A certificates of participation.

• $48.22 million series 2012H various purpose bonds due 2013 to 2032 with term bond due in 2036

• $53,165,000 series 2012I tax-exempt Oregon Department Transportation bonds due 2015 to 2023 with term bond due in 2037

• $12,575,000 series 2012J taxable Oregon Department of Transportation bonds due 2013 to 2014

• $57.19 million series 2012K tax-exempt refunding bonds due 2012 to 2030

• $159.06 million series 2012L tax-exempt refunding bonds due 2012 to 2030

• $7,745,000 series 2012M taxable refunding bonds due 2012 to 2014

NASH HEALTH CARE SYSTEM (NORTH CAROLINA): $70 million series 2012 health care facilities revenue bonds (/A/); negotiated; Bank of America Merrill Lynch and BB&T Capital Markets LLC (lead); bonds due 2013 to 2021 with term bonds due in 2026, 2031 and 2041; proceeds to relocate, construct, equip and furnish the emergency department and heart center at Nash General Hospital; expand the existing central energy plant to accommodate the new emergency department and heart center; and renovate other facilities operated by Nash Health Care.

NEW YORK LIBERTY DEVELOPMENT CORP.: $452.79 million series 2012 liberty revenue refunding bonds; negotiated; J.P. Morgan Securities LLC and Bank of America Merrill Lynch (lead); M.R. Beal & Co. Inc., Ramirez & Co. Inc. and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2028 to 2040 with term bonds due in 2043 and 2044; proceeds to refund corporation's bonds used to construct certain floors at 7 World Trade Center.

RALEIGH (NORTH CAROLINA): $119,185,000 series 2012 combined enterprise system revenue refunding bonds (Aa1/AAA/); negotiated; Citigroup Global Markets Inc. (lead); Baird & Co. Inc. and Stephens Inc. (co-managers for 2012A); Wells Fargo Securities LLC (co-manager for 2012B); proceeds to refund city's series 2004 and 2006A combined enterprise system revenue bonds.

• $59,185,000 series 2012A bonds due 2024 to 2031

• $60 million series 2012B bonds due 2013 to 2035

SAN ANTONIO (TEXAS): $521 million series 2012 taxable electric and gas systems revenue bonds (Aa1/AA/AA+); negotiated; J.P. Morgan Securities LLC (lead); Morgan Stanley & Co. LLC; Goldman, Sachs & Co.; Cabrera Capital Markets LLC; M.E. Allison & Co. Inc.; Coastal Securities Inc.; Samco Capital Markets Inc.; Fidelity Capital Markets LLC; Southwestern Capital Markets Inc.; First Southwest Co.; and Wells Fargo Securities LLC (co-managers); proceeds to finance expansion of the city's gas and electric systems, including the purchase of a natural gas plant.

TEXAS: $137,075,000 series 2012C water financial assistance general obligation bonds (Aaa/AA+/AAA); negotiated; Morgan Stanley & Co. LLC (lead); Bank of America Merrill Lynch, Estrada Hinojosa & Co. Inc., Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC and Southwest Securities Inc. (co-managers); bonds due 2015 to 2032 with term bond due in 2038; proceeds to be deposited into an account and distributed to political subdivisions as needed for water facilities projects.

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