Municipal Calendar: California Statewide to price $1.5 billion of bonds

Week of April 2

CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY/KAISER PERMANENTE: $1.5 billion series 2012A revenue bonds (/A+/A+); negotiated; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; and J.P. Morgan Securities LLC (lead); proceeds to finance the construction, acquisition, equipment and furnishing of hospitals, health facilities and offices operated by Kaiser; pricing week of April 2.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/FORDHAM UNIVERSITY: $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; pricing week of April 2.

PUERTO RICO ELECTRIC POWER AUTHORITY: $475 million series 2012 power revenue and refunding bonds; negotiated; Morgan Stanley & Co. LLC (lead); Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Barclays Capital Inc., BMO Capital Markets LLC, Bank of America Merrill Lynch, Goldman, Sachs & Co., Jefferies & Co., Ramirez & Co. Inc., Raymond James & Associates Inc., RBC Capital Markets LLC, UBS FS Puerto Rico, Wells Fargo Securities LLC, BBVAPR MSD, FirstBank PR Securities, Oriental Securities Inc., Popular Securities Inc., Santander Securities Inc., Scotia MSD and VAB Financial (co-managers); proceeds to finance capital improvements, repay advances made to the authority by the Puerto Rico Government Development Bank, repay interest on certain outstanding bonds and pay principal on outstanding bonds; pricing week of April 2.

April 4

BROWARD COUNTY SCHOOL BOARD (FLORIDA): $269,505,000 series 2012A certificates of participation; negotiated; Bank of America Merrill Lynch (lead); Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Raymond James & Associates Inc. and Rice Financial Products Co. (co-managers); COPs due 2014 to 2028; proceeds to refund the board's series 2001A-B, 2003A and 2004C certificates of participation; pricing April 4.

DELAWARE TRANSPORTATION AUTHORITY: $202,975,000 series 2012 transportation system revenue bonds (Aa2/AA+/); competitive; Bond Resource Partners LLC (financial adviser); bonds due 2013 to 2024; proceeds to refund authority's series 2002B, 2003, 2004 and 2005 transportation system revenue bonds; pricing April 4

MICHIGAN: $225 million series 2012A taxable school loan and refunding general obligation bonds (Aa2/AA-/AA-); competitive; Robert W. Baird & Co. Inc. (financial adviser); bonds due 2013 to 2026; proceeds to make loans to school districts and refund debt; pricing April 4.

PORT AUTHORITY OF NEW YORK AND NEW JERSEY: $400 million 172nd series consolidated bonds (//AA-); competitive; bonds due 2013 to 2037; proceeds to finance capital projects and refund existing debt; pricing April 4.

SOUTH CAROLINA TRANSPORTATION INFRASTRUCTURE BANK: $270.65 million series 2012A revenue refunding bonds (A1//A); competitive; Public Financial Management Inc. (financial adviser); bonds due 2013 to 2033; proceeds to refund bank's series 2001A and 2002A revenue bonds; pricing April 4.

VERMONT HOUSING FINANCE AGENCY: $76.29 million series 2012 multiple-purpose bonds; negotiated; Citigroup Global Markets Inc. and Morgan Keegan & Co. Inc. (lead); proceeds to finance housing loans and refund existing debt; pricing April 4.

• $3.42 million series 2012A non-AMT bonds due May 1, 2029

• $55.87 million series 2012B AMT bonds due 2012 to 2021 with term bonds due in 2024 and 2042

• $17 million series 2012C non-AMT bonds due May 1, 2028

VIRGINIA BEACH (VIRGINIA): $85.56 million series 2012 general obligation public improvement bonds (Aaa/AAA/AAA); competitive; Public Resources Advisory Group (financial adviser); proceeds to fund capital improvement projects and refund existing G.O. bonds; pricing April 4.

• $65 million series 2012A G.O. public improvement bonds due 2013 to 2032

• $20.56 million series 2012B G.O. public improvement refunding bonds due 2019 to 2025

VIRGINIA SMALL BUSINESS FINANCING AUTHORITY/ELIZABETH RIVER CROSSINGS OPERATING CO. LLC: $675 million series 2012 senior lien revenue bonds; negotiated; Barclays Capital Inc., Bank of America Merrill Lynch and BMO Capital Markets LLC (lead); proceeds to finance the construction of highways and bridges to connect the cities of Portsmouth and Norfolk, including the design, construction, maintenance, operation and tolling of the New Midtown Tunnel and the New MLK Extension; the rehabilitation of the existing Midtown Tunnel and other tunnels; and the installation of all-electronic tolling devices for the project; pricing April 4.

WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY: $105.48 million series 2012 lease revenue refunding bonds (Aa2//AA) ; negotiated; Citigroup Global Markets Inc. (lead); Janney Montgomery Scott LLC, Raymond James & Associates Inc. and RBC Capital Markets LLC (co-managers); proceeds to current refund the authority's series 2002A-B revenue bonds and advance refund its series 2003A and 2004A revenue bonds; pricing April 4.

• $84,225,000 series 2012A correctional, juvenile and public safety revenue refunding bonds due 2013 to 2029

• $21,255,000 series 2012B West Virginia Department of Environmental Protection Office Building revenue refunding bonds due 2012 to 2029

Week of April 9

April 10

LOS ANGELES (CALIFORNIA): $277.7 million series 2012A general obligation refunding bonds (Aa3/AA-/AA-); competitive; Public Resources Advisory Group and KNN Public Finance (financial advisers); proceeds to refund city's series 2004A, 2005A and 2006A G.O. bonds; pricing April 10.

MEMPHIS (TENNESSEE): $75.4 million series 2012 bond anticipation notes (MIG 1/SP-1+/); competitive; First Southwest Co. and ComCap Advisors (financial advisers); notes due April 1, 2014; proceeds to refund and pay, at maturity, the city's series 2010 notes, which are due May 1, 2012; pricing April 10.

April 12

SOUTH CAROLINA: $144.07 million series 2012A general obligation refunding bonds; competitive; Public Resources Advisory Group (financial adviser); proceeds to refund state's series 2002B G.O. refunding bonds; pricing April 12.

• $32,775,000 series 2012A G.O. school facilities refunding bonds due 2013 to 2018

• $51.2 million series 2012A G.O. state capital improvement refunding bonds due 2013 to 2018

• $28.73 million series 2012A G.O. state economic development refunding bonds due 2013 to 2029

• $31,365,000 series 2012A G.O. state transportation infrastructure refunding bonds due 2013 to 2025

Week of April 23

April 26

INDEPENDENT SCHOOL DISTRICT NO. 112 OF CHASKA (MINNESOTA): $54.17 million series 2012A general obligation alternative facilities and refunding bonds; competitive; bonds due 2013 to 2025; proceeds to finance capital improvements to school property in the district and refund debt; pricing April 26.

On the Horizon

BEVERLY HILLS PUBLIC FINANCING AUTHORITY (CALIFORNIA): $57,555,000 series 2012A lease revenue refunding bonds; negotiated; De La Rosa & Co. Inc. (lead); proceeds to refund authority's series 2007 bonds, which were issued to finance capital improvements and replace city vehicles.

CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY/STANFORD UNIVERSITY: $78.62 million series U-2 revenue 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 Oct. 1, 2032; proceeds to refinance a portion of the authority's series U project, which was financed by the authority's series Q bonds for the university.

CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY/KAISER PERMANENTE: revenue bonds; negotiated; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; and J.P. Morgan Securities LLC (lead); proceeds to construct, equip, acquire and furnish hospitals, health facilities and offices operated by Kaiser.

CLEAR CREEK INDEPENDENT SCHOOL DISTRICT (TEXAS): $82.9 million series 2012B unlimited tax refunding bonds (//AA+); negotiated; Wells Fargo Securities LLC (lead); proceeds to refund a portion of the district's outstanding unlimited tax debt for interest savings.

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 COUNTY (NORTH CAROLINA): $64,965,000 series 2012 general obligation refunding bonds (Aaa/AAA/); negotiated; Bank of America Merrill Lynch and Rice Financial Products Co. (lead); bonds due 2013 to 2032; proceeds to refund the county's series 2002A-B public improvement G.O. bonds and its series 2011 G.O. public improvement bond anticipation notes.

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.

JACKSON COUNTY (GEORGIA): $57.01 million series 2012 general obligation refunding bonds; negotiated; Citigroup Global Markets Inc. (lead); bonds due 2017 to 2025; proceeds to advance refund district's series 2005 G.O. bonds.

KAISER PERMANENTE (CALIFORNIA): taxable bonds; negotiated; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; and J.P. Morgan Securities LLC (lead); proceeds for general corporate purposes for the health system.

KNOX COUNTY/GOOD SAMARITAN (INDIANA): $80,935,000 series 2012 revenue and refunding bonds (A3); negotiated; Morgan Keegan & Co. Inc. and RBC Capital Markets LLC (lead); proceeds to finance construction projects and refund hospital's series 1993A, 2002 and 2004 bonds.

• $64,275,000 series 2012A economic development revenue and refunding bonds due 2013 to 2029 with term bonds due in 2037 and 2042

• $16.21 million series 2012B taxable qualified energy conservation economic development revenue bonds due 2029 to 2034

LOS ANGELES (CALIFORNIA): $95 million series 2012A wastewater system subordinate revenue refunding bonds; negotiated; Barclays Capital Inc. and Stone & Youngberg (lead); proceeds to current refund existing wastewater system subordinate revenue bonds.

MUNICIPAL IMPROVEMENT CORPORATION OF LOS ANGELES (CALIFORNIA) $255 million series 2012 lease revenue bonds negotiated Siebert Brandford Shank & Co. LLC (lead for 2012A bonds, co-manager for 2012B and 2012C) Loop Capital Markets LLC (lead for 2012B and 2012C bonds, co-manager for 2012A) William Blair & Co. Inc. (co-manager for 2012A, 2012B and 2012C bonds) proceeds to retire commercial paper and refund corporation's series 2004 certificates of participation.

• $105 million series 2012A capital equipment lease revenue bonds (A3//A+)

• $33 million series 2012B real property lease revenue bonds (A2//A+)

• $117 million series 2012C real property lease revenue refunding bonds (A2//A+)

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.

OREGON: $68,095,000 series 2012 Department of Administrative Services Oregon State Lottery revenue bonds (Aa2/AAA/); negotiated; Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC (lead) ; Bank of America Merrill Lynch, Fidelity Capital Markets LLC, J.P. Morgan Securities LLC, Seattle-Northwest Securities Corp. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to finance capital projects and refund existing debt.

• $19,275,000 series 2012A tax-exempt bonds due 2018 to 2032

• $46.05 million series 2012B tax-exempt refunding bonds due 2013 to 2022

• $2.77 million series 2012C taxable bonds due 2013 and 2016 to 2018

PEARLAND INDEPENDENT SCHOOL DISTRICT (TEXAS): $77.44 million series 2012 unlimited tax general obligation refunding bonds (//AAA); negotiated; Samco Capital Markets Inc. (lead); proceeds to refund a portion of the district's currently outstanding obligations.

SOUTH DAKOTA HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/AVERA HEALTH: $75.48 million series 2012A revenue bonds (A1/A+/); negotiated; Dougherty & Co. LLC and Bank of America Merrill Lynch (lead); bonds due 2013 to 2027 with term bond due in 2042; proceeds to refund the authority's series 2002, 2008A and 2008C revenue bonds issued for Avera.

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.

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