Municipal Calendar: Chicago to price $597 million of bonds

Week of May 14

BROWARD COUNTY (FLORIDA): $309,235,000 series 2012 airport system revenue refunding bonds (A1/A+/A); negotiated; J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (lead); Bank of America Merrill Lynch, Blaylock Robert Van LLC and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to refund existing bonds for debt service savings; pricing week of May 14.

• $219,345,000 series 2012P-1 AMT bonds due 2012 to 2026

• $89.89 million series 2012P-2 non-AMT bonds due 2015 to 2025

CHATHAM COUNTY HOSPITAL AUTHORITY/MEMORIAL HEALTH UNIVERSITY MEDICAL CENTER (GEORGIA): $160.11 million series 2012A seven mill tax pledge refunding and improvement revenue bonds (Aa2/AA/); negotiated; Wells Fargo Securities LLC (lead); Bank of America Merrill Lynch, Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC (co-managers); bonds due 2018 to 2027 with term bonds due in 2033 and 2034; proceeds to construct, equip, acquire and improve children's hospital operated by the medical center; pricing week of May 14.

COLLIN COUNTY (TEXAS): $67,925,000 series 2012 road, improvement and refunding bonds (Aaa/AAA/); negotiated; Citigroup Global Markets Inc. and Estrada Hinojosa & Co. (lead); Stifel, Nicolaus & Co. Inc. (co-managers); proceeds to acquire and improve land for park and open space purposes, including joint city-county projects; construct, maintain and operate macadamized, graveled or paved roads and turnpikes in the county; and refund the county's series 2004 unlimited tax road and refunding bonds and series 2005 unlimited tax road and refunding bonds; pricing week of May 14.

• $48,255,000 series 2012 unlimited tax road and refunding bonds due 2013 to 2032

• $19.67 million series 2012 limited tax refunding and improvement bonds due 2013 to 2032

COLORADO HEALTH FACILITIES AUTHORITY/EVANGELICAL LUTHERAN GOOD SAMARITAN SOCIETY: $171,415,000 series 2012 health facilities revenue bonds (A3/A-/); negotiated; Citigroup Global Markets Inc. and Herbert J. Sims & Co. (lead); proceeds to refund the authority's series 2009A, 2002 and 2000 bonds issued for the society; series 2002, 2000, 1998 and 1997 Minnesota Agricultural and Economic Development Board bonds for the society; series 1998A Sioux Falls, S.D., bonds for the society; series 1998 Minneapolis, Minn., bonds for the society; and series 1998 Weld County, Colo., bonds for the society; pricing week of May 14.

GEORGIA HOUSING AND FINANCE AUTHORITY: $100.61 million series 2012A single family mortgage bonds (/AAA/); negotiated; Citigroup Global Markets Inc. and Bank of America Merrill Lynch (lead); George K. Baum & Co., J.P. Morgan Securities LLC and Raymond James/Morgan Keegan (co-managers); proceeds to current refund existing bonds; pricing week of May 14.

• $30 million series 2012A-1 non-AMT bonds due 2032, 2037 and 2042

• $17,955,000 series 2012A-2 AMT bonds due 2014 to 2017 with term bond due in 2028

• $52,655,000 series 2012A-3 AMT bonds due 2012 to 2023 with term bonds due in 2025 and 2030

NEW HAMPSHIRE: $100 million series 2012 federal highway grant anticipation bonds; negotiated; Bank of America Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (lead); Barclays Capital Inc. and Fidelity Capital Markets LLC (co-managers); bonds due 2013 to 2020; proceeds to reconstruct and widen sections of Interstate 93 in Salem, N.H., and Windham, N.H.; pricing week of May 14.

NORTH CAROLINA EASTERN MUNICIPAL POWER AGENCY: $436.72 million series 2012 power system revenue bonds (Baa1/A-/A-); negotiated; Citigroup Global Markets Inc. and Bank of America Merrill Lynch (lead); Barclays Capital Inc., Goldman, Sachs & Co., Raymond James/Morgan Keegan, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC (co-managers); proceeds to finance expansions and improvements and refund the agency's series 1986A, 1993b and 2003F bonds for a debt service savings; pricing week of May 14.

• $96.83 million series 2012A bonds due 2013 to 2026

• $172,065,000 series 2012B refunding bonds due 2015 to 2017 and 2019 to 2021

• $28,465,000 series 2012C taxable bonds due 2015 and 2017

• $139.36 million series 2012D refunding bonds due 2014 to 2017, 2023 and 2025 to 2026

WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/MERCY ALLIANCE INC.: $171,805,000 series 2012 revenue bonds (A2); negotiated; Ziegler Capital Markets Inc. and U.S. Bancorp Investments Inc. (lead); proceeds to be lent to the company for the construction, renovation and acquisition of facilities operated by Mercy Alliance and to refund the series 1999 bonds issued for the company's Mercy Health Alliance and the 2005 and 2009 bonds issued for the company; pricing week of May 14.

May 16

CHICAGO: $597.29 million series 2012 general obligation bonds (Aa3/A+/AA-); negotiated; Mesirow Financial Inc. (lead); Goldman, Sachs & Co., Melvin & Co. LLC, BMO Capital Markets LLC, Cabrera Capital Markets LLC, George K. Baum & Co., Guzman & Co., Harveston Securities Inc., North South Capital LLC, RBC Capital Markets LLC and The Northern Trust Co. (co-managers); proceeds to finance city improvements, including lighting, street, right-of-way, alley and sidewalk improvements; pricing May 16.

• $189,375,000 series 2012A bonds

• $305,735,000 series 2012B bonds

NORTH TEXAS TOLLWAY AUTHORITY: $351,385,000 series 2012 system revenue refunding bonds; negotiated; Barclays Capital Inc. and Bank of America Merrill Lynch (lead); Morgan Stanley & Co. LLC, Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC (co-managers); proceeds to refund authority's series 1998, 2003A and 2008H-2 bonds; pricing May 16.

Week of May 21

May 21

NEW MEXICO: $70,635,000 series 2012A severance tax bonds; competitive; Fiscal Strategies Inc. (financial adviser); bonds due 2013 to 2022; proceeds to finance capital improvements authorized by the state legislature; pricing May 21.

May 22

PUBLIC UTILITIES COMMISSION OF THE CITY AND COUNTY OF SAN FRANCISCO (CALIFORNIA): $686.04 million series 2012A-C water revenue bonds (Aa3/AA-/); competitive; Backstrom McCarley Berry & Co. LLC (financial adviser); proceeds to acquire, construct and design improvements for the benefit of the utility's water enterprise; pricing May 22.

• $575.71 million series 2012A bonds

• $16.15 million series 2012B bonds

• $94.18 million series 2012C refunding bonds

May 23

MARYLAND DEPARTMENT OF TRANSPORTATION: $130 million series 2012 consolidated transportation bonds; competitive; Public Financial Management Inc. (financial adviser); bonds due 2015 to 2027; proceeds to finance capital improvements to transportation projects in the state; pricing May 23.

METRO (OREGON): $169,075,000 series 2012 general obligation bonds (Aaa/AAA/); competitive; Seattle-Northwest Securities Corp. (financial adviser); proceeds to finance capital costs for the city and refinance outstanding G.O. bonds, including the city's series 2002 G.O. bonds; pricing May 23.

• $140 million series 2012A general obligation bonds due 2013 to 2028

• $29,075,000 series 2012B general obligation refunding bonds due 2013 to 2015

OHIO: $303 million series 2012 general obligation bonds (Aa1/AA+/AA+); competitive; Public Financial Management Inc. (financial adviser); bonds proceeds to be deposited into the state's school building program assistance fund and its natural resources projects bond service fund; pricing May 23.

• $280 million series 2012B common school G.O. bonds due 2013 to 2032

• $23 million series Q natural resources G.O. bonds due 2013 to 2027

On the Horizon

ALASKA HOUSING FINANCE CORP.: $196,415,000 series 2012 general mortgage revenue bonds; negotiated; Bank of America Merrill Lynch (lead for 2012A and sole for 2012B); Edward D. Jones & Co. LP, George K. Baum & Co., J.P. Morgan Securities LLC, KeyBanc Capital Markets LLC, Raymond James/Morgan Keegan, Morgan Stanley & Co. LLC and Siebert Brandford Shank & Co. LLC (co-managers for 2012B); proceeds to make mortgage loans and refund debt.

• $146,415,000 series 2012A bonds due 2012 to 2024 with term bonds due in 2027, 2032, 2037 and 2040

• $50 million series 2012B taxable variable-rate bonds due Dec. 1, 2042

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.

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.

GREENVILLE HOSPITAL SYSTEM BOARD OF TRUSTEES (SOUTH CAROLINA): $92.84 million series 2012 hospital refunding revenue bonds (A1/AA-/AA-); negotiated; Barclays Capital Inc. (lead); TD Securities (USA) LLC and Wells Fargo Securities LLC (co-managers); proceeds to refund hospital system's series 2001 revenue bonds.

GUAM: $108.7 million series 2012B business privilege tax bonds (/A/A-); negotiated; Barclays Capital Inc. and Citigroup Global Markets Inc. (lead); bonds due 2017 to 2032 with term bonds; proceeds to pay unpaid income tax for 2011 and make payments to the Guam Retirement Fund.

HEALTH AND EDUCATIONAL FACILITIES BOARD OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY/BELMONT UNIVERSITY (TENNESSEE): $57.65 million series 2012 revenue bonds (Baa1/BBB+/); negotiated; Stephens Inc. and SunTrust Robinson Humphrey (lead); bonds due 2013 to 2031; proceeds to construct Maple Hall, a 200-bed campus residence hall and construct, improve and equip Bruins Hall, a 494-bed residence hall with apartment-style accommodations, as well as to construct an underground parking garage.

HOUSTON (TEXAS)/CONVENTION & ENTERTAINMENT FACILITIES DEPARTMENT: hotel occupancy tax and special revenue refunding bonds (A2/A-/); negotiated; Hutchinson, Shockey, Erley & Co. and Mesirow Financial (lead); bonds due 2026 to 2033; proceeds to refund city's series 2001B-C and 2011A-B hotel occupancy tax and special revenue bonds.

HOUSTON INDEPENDENT SCHOOL DISTRICT (TEXAS): $186,455,000 series 2012 variable-rate limited tax refunding bonds (Aaa/AAA/); negotiated; Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. (lead); Estrada Hinojosa & Co. Inc. and Loop Capital Markets LLC (co-managers); bonds due 2028 to 2030; proceeds to refund all of the district's outstanding series 2004 variable-rate limited tax schoolhouse bonds.

ILLINOIS FINANCE AUTHORITY/LOYOLA UNIVERSITY OF CHICAGO: $93,075,000 series 2012B revenue bonds (A2/A/); negotiated; Morgan Stanley & Co. LLC and PNC Capital Markets LLC (lead); bonds due 2013 to 2032 with term bonds due in 2037 and 2042; proceeds to construct, equip, acquire and renovate educational facilities operated by the university, as well as to advance refund existing bonds.

LA JOYA INDEPENDENT SCHOOL DISTRICT (TEXAS): $84.96 million series 2012 unlimited tax refunding bonds; negotiated; Drexel Hamilton LLC and Goldman, Sachs & Co. (lead); bonds due 2012 to 2034; proceeds to refund district's series 2004, 2006 and 2008 school building bonds.

MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY/LOYOLA UNIVERSITY MARYLAND: $50.37 million series 2012A revenue bonds (A2/A/); negotiated; Bank of America Merrill Lynch (lead); bonds due 2012 to 2032 with term bonds due in 2034 and 2039; proceeds to current refund the university's series 1996B, 1999, 2006B, 2007 and 2008 bonds, as well as to terminate a swap agreement connected to those bonds.

NEW YORK CITY: $800 million series 2012H-I general obligation bonds; negotiated; Bank of America Merrill Lynch (lead); Citigroup Global Markets Inc.; Morgan Stanley & Co. LLC; J.P. Morgan Securities LLC; Siebert Brandford Shank & Co. LLC; Barclays Capital Inc.; Fidelity Capital Markets LLC; Loop Capital Markets LLC; Roosevelt & Cross Inc.; Goldman, Sachs & Co.; Ramirez & Co. Inc.; Southwest Securities Inc.; M.R. Beal & Co. Inc.; Jefferies & Co.; Rice Financial Products Co.; Wells Fargo Bank, NA; Cabrera Capital Markets LLC; Lebethal & Co. LLC; RBC Capital Markets LLC; Jackson Securities Inc.; MFR Securities Inc.; Janney Montgomery Scott LLC; Raymond James/Morgan Keegan; and TD Securities (USA) LLC (co-managers); bonds due 2012 to 2032; proceeds to redeem existing G.O. bonds prior to maturity.

NORFOLK (VIRGINIA): $206,645,000 series 2012 general obligation bonds; negotiated; proceeds to fund capital improvements and refund existing G.O. bonds.

• $119,625,000 series 2012A tax-exempt G.O. capital improvement bonds

• $56,585,000 series 2012B tax-exempt G.O. capital improvement refunding bonds

• $8,945,000 series 2012C AMT G.O. refunding bonds

• $21.49 million series 2012D taxable qualified school reconstruction bonds

OKLAHOMA DEVELOPMENT FINANCE AUTHORITY/ST. JOHN HEALTH SYSTEM: $190 million series 2012 revenue and refunding bonds (A2/A/); negotiated; Goldman, Sachs & Co. and Citigroup Global Markets Inc. (lead); proceeds to acquire the St. John Broken Arrow facility in Broken Arrow, Okla., and to construct, acquire and renovate St. John facilities in Tulsa, Okla.

PUBLIC FINANCE AUTHORITY (NORTH CAROLINA)/SEARSTONE CORP.: $117,345,000 series 2012 revenue bonds; negotiated; Herbert J. Sims & Co. Inc. and BB&T Capital Markets (lead); proceeds to construct, equip and acquire a senior living community in Cary, NC., that consists of 131 apartments, 38 estate homes, 8 assisted living units and a nursing facility.

• $56,145,000 series 2012A revenue bonds due 2022, 2037 and 2047

• $60.39 million series 2012B entrance fee principal redemption bonds due 2020

• $810,000 series 2012C taxable entrance fee principal redemption bonds due 2016

SAN DIEGO COUNTY REGIONAL TRANSPORTATION COMMISSION: $384,325,000 series 2012A limited tax sales tax revenue bonds (Aa2/AAA/); negotiated; Barclays Capital Inc. (lead); J.P. Morgan Securities LLC; Goldman, Sachs & Co.; Morgan Stanley & Co. LLC; and Bank of America Merrill Lynch (co-managers); bonds due 2013 to 2032 with term bonds due in 2037, 2042 and 2048; proceeds to widen State Road 76, widen and extend State Road 52, improve transit projects, construct high-occupancy vehicle lanes on Interstate 5 and make improvements to other roads and highways.

SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY: $52.41 million series 2012 homeownership mortgage bonds (Aa1/AAA/); negotiated; Citigroup Global Markets Inc. and Bank of America Merrill Lynch (lead); J.P. Morgan Securities LLC, Dougherty & Co. LLC and Wells Fargo Securities LLC (co-managers); proceeds to refund and redeem the authority's series 1997A-E, series 2002C and series 2007F-I bonds.

• $29.48 million series 2012A AMT bonds due 2013 to 2029

• $18.98 million series 2012B non-AMT bonds due 2019 to 2022 with term bond due in2 027

• $3.95 million series 2012C non-AMT bonds due 2028 and 2042

SOUTH JERSEY PORT CORP.: $58,115,000 series 2012Q marine terminal revenue refunding bonds (A1/A-/); competitive; Goldman Beale Associates (financial adviser); bonds due 2014 to 2033; proceeds to advance refund the corporation's series 2002K marine terminal revenue bonds.

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.

VIRGINIA RESOURCES AUTHORITY: $349,735,000 series 2012 infrastructure and state moral obligation revenue bonds; negotiated; Wells Fargo Securities LLC (lead); Bank of America Merrill Lynch; BB&T Capital Markets LLC; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to purchase local obligations to finance or refinance qualified improvement projects.

• $240,785,000 series 2012A infrastructure revenue bonds (Aaa/AAA/) due 2012 to 2042

• $108.95 million series 2012B state moral obligation revenue bonds (Aa2/AA/) due 2012 to 2042

WASHINGTON: $432,035,000 series 2012F federal highway grant anticipation revenue bonds (Aa2/AA/); negotiated; Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Bank of America Merrill Lynch (lead); bonds due 2015 to 2024; proceeds to finance the costs of improvements and bridge construction on State Road 520, a 12.8-mile that stretches from Interstate 5 in Seattle to State Road 202 in Redmond, Wash.

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