Municipal Calendar: New York City prepares $800 million deal

Week of May 21

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; pricing week of May 21.

• $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

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; pricing week of May 21.

LOS ANGELES DEPARTMENT OF WATER AND POWER: $276.82 million series 2012A water system revenue bonds (Aa2/AA/AA); negotiated; RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC (lead); Bank of America Merrill Lynch, Barclays Capital Inc., Cabrera Capital Markets LLC, Ramirez & Co. Inc. and U.S. Bancorp Investments Inc. (co-managers); proceeds to refund department's series 2003A water system revenue bonds; pricing week of May 21.

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; pricing week of May 21.

MASSACHUSETTS WATER ABATEMENT TRUST: $352.58 million series 2012 state revolving fund bonds (Aaa/AAA/AAA); negotiated and competitive; Jefferies & Co. (lead for 2012B and 16B bonds); Bank of America Merrill Lynch, Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC, Cabrera Capital Markets LLC, CastleOak Securities LP, Corby Capital Markets Inc., Fidelity Capital Markets LLC, Jackson Securities Inc., Janney Montgomery Scott LLC, Lebenthal & Co., Loop Capital Markets LLC, M.R. Beal & Co., Piper Jaffray & Co., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Rice Financial Products Co., Roosevelt & Cross Inc., Stifel, Nicolaus & Co. Inc. and Wells Fargo Securities LLC (co-managers for 2012B and 16B bonds); proceeds to finance or refinance water abatement and clean drinking water projects, as well as to refund existing debt; pricing week of May 21.

• $89.96 million series 16A bonds (competitive)

• $136.75 million series 16B bonds (negotiated)

• $29.83 million series 2012A (competitive)

• $96.04 million series 2012B (negotiated)

MIAMI-DADE COUNTY SCHOOL BOARD (FLORIDA): $171,905,000 series 2012 certificates of participation (A1/A/); negotiated; J.P. Morgan Securities LLC (lead); Bank of America Merrill Lynch, Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Raymond James/Morgan Keegan and RBC Capital Markets LLC (co-managers); proceeds to refund the school board's series 2000A, 2001C, 2003D, 2004A and 2006D certificates; pricing week of May 21.

• $143,205,000 series 2012A COPs due 2014 to 2029 with term bond due Aug. 1, 2027

• $13.79 million series 2012B-1 COPs due 2019 to 2020

• $14.91 million series 2012B-2 COPs due 2016 to 2020

NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY/SOUTHERN NEW HAMPSHIRE UNIVERSITY: $63.55 million series 2012 revenue bonds (/BBB/); negotiated; RBC Capital Markets LLC (lead); bonds due 2013 to 2025 with term bonds due in 2034 and 2042; proceeds to finance the construct, equipment and installation of a new library and learning commons, a new dormitory, a new parking facility and other improvements and renovations to the university's main campus in Manchester, N.H.; pricing week of May 21.

NEW JERSEY TURNPIKE AUTHORITY: $141.02 million series 2012A turnpike revenue bonds (A3/A+/A); negotiated; J.P. Morgan Securities LLC (lead); Bank of America Merrill Lynch, Morgan Stanley & Co. LLC, RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers); bonds due 2031 to 2033 with term bond due in 2035; proceeds to refund the authority's series 2004C-1 bonds; pricing week of May 21.

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; pricing week of May 21.

NEW YORK STATE ENVIRONMENTAL FACILITIES CORP.: $103.15 million series 2012 state revolving funds revenue bonds (Aaa/AAA/AAA); negotiated; J.P. Morgan Securities LLC and Loop Capital Markets LLC (lead); Bank of America Merrill Lynch, Barclays Capital Inc., BNY Mellon Capital Markets LLC, Citigroup Global Markets Inc., Estrada Hinojosa & Co. Inc., George K. Baum & Co., Goldman, Sachs & Co., Jackson Securities Inc., Janney Montgomery Scott LLC, Jefferies & Co., Lebenthal & Co. LLC, M.R. Beal & Co. Inc., Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Rice Financial Products Co., Roosevelt & Cross Inc., Siebert Brandford Shank & Co. LLC and The Williams Capital Group LP (co-managers); proceeds to finance or refinance clean water and drinking water projects and refund existing debt; pricing week of May 21.

• $88.66 million series 2012B bonds due 2013 to 2022 with term bonds due 2023 to 2032 and 2037 and 2042

• $14.49 million series 2012C taxable bonds due 2012 with term bonds due 2013 to 2024 and 2030

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; pricing week of May 21.

• $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

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; pricing week of May 21.

• $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.; pricing week of May 21.

WASHINGTON HEALTH CARE FACILITIES AUTHORITY/SEATTLE CHILDREN'S HOSPITAL: $73,805,000 series 2012 revenue bonds (Aa3); negotiated; Goldman, Sachs & Co. (lead); J.P. Morgan Securities LLC and Wells Fargo Securities LLC (co-managers); proceeds to acquire, construct, equip and renovate Seattle Children's Hospital facilities and refund the authority's series 2009 revenue bonds sold for the hospital; pricing week of May 21.

• $46.25 million series 2012A bonds due Oct. 1, 2042

• $27,555,000 series 2012B bonds due 2013 to 2032 with term bond due Oct. 1, 2034

May 24

NEW YORK LOCAL GOVERNMENT ASSISTANCE CORP.: $87.71 million series 2012A subordinate lien refunding bonds; competitive; Public Resources Advisory Group (financial adviser); bonds due 2013 to 2025; proceeds to redeem the corporation's series 1995C and 1995E bonds; pricing May 24.

Week of May 28

May 30

HILLSBOROUGH COUNTY (FLORIDA): $71,125,000 series 2012 capital improvement program revenue bonds (Aa2/AA+/AA+); competitive; Public Financial Advisory Group (financial adviser); bonds due 2013 to 2026; proceeds to construct, equip and acquire a county jail, additional county service center facilities, recreational park improvements, storm water utility improvements and transportation improvements, as well as to refinance commercial paper notes; pricing after May 30.

May 31

MAINE: $52.5 million series 2012 general obligation bonds (Aa2); competitive; Public Financial Management Inc. (financial adviser); proceeds to finance capital expenditures for the state; pricing May 31.

• $15.63 million series 2012A taxable bonds due 2013 to 2015

• $36.87 million series 2012B bonds due 2015 to 2022

On the Horizon

CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY/STANFORD HOSPITAL AND CLINICS: $60 million series 2012C variable-rate revenue bonds (Aa3/P-1/AA-/A-1+/AA-/F1+); negotiated; Morgan Stanley & Co. LLC (lead); proceeds to finance capital projects to the health care facilities operated by Stanford.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $217,015,000 series 2012 school districts revenue bond financing program revenue bonds; negotiated; Roosevelt & Cross Inc. and Jefferies & Co. (lead); Blaylock Robert Van LLC, Janney Montgomery Scott LLC, RBC Capital Markets LLC, Edwards Jones & Co. LP, Ramirez & Co. Inc., Sterne, Agee & Leach Inc., Fidelity Capital Markets LLC, Raymond James/Morgan Keegan and The Williams Capital LP (co-managers); proceeds to make loans to local school districts to finance capital projects.

• $120,315,000 series 2012A bonds

• $21.89 million series 2012B bonds

• $27,085,000 series 2012C bonds

• $37,015,000 series 2012D bonds

• $10.71 million series 2012E bonds

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $3.7 billion state personal income tax revenue bonds; negotiated or competitive; Goldman Sachs & Co. (lead for refunding bonds); proceeds to finance capital projects at the State University of New York, the City University of New York and SUNY Upstate Community College facilities and refund certain maturities of the series 2000A-B Metropolitan Transportation Authority state service contract bonds and certain maturities of various personal income tax revenue bonds issued by Dasny and the Empire State Development Corp.

• Up to $2 billion of refunding bonds

• Up to $1.7 billion of general purpose bonds

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/BROOKLYN LAW SCHOOL: $60 million fixed-rate tax-exempt refunding bonds; proceeds to refund the law school's series 2003A-B revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/COLUMBIA UNIVERSITY: $140,285,000 series 2012A revenue bonds (Aaa/AAA/); negotiated; J.P. Morgan Securities LLC, Bank of America Merrill Lynch and Goldman Sachs & Co. (lead); Lebenthal & Co. LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Ramirez & Co. Inc. and Roosevelt & Cross Inc. (co-managers); bonds due 2018 to 2022; proceeds to refinance debt that originally financed construction and renovation projects for the university.

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/MIRIAM OSBORN MEMORIAL HOME ASSOCIATION: up to $55 million tax-exempt revenue bonds; negotiated; Herbert J. Sims & Co. (lead); proceeds to make renovations and upgrades to the association's independent and assisted living facilities and to refund its series 2000B 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.

FAIRMONT STATE UNIVERSITY (WEST VIRGINIA): $51.58 million series 2012 revenue refunding bonds (A1); negotiated; Piper Jaffray & Co. and Crews & Associates (lead); proceeds to current refund university's series 2002A-B revenue bonds and advance refund university's series 2003A-B revenue bonds.

• $20,985,000 series 2012A bonds due 2013 to 2027 with term bond due in 2032

• $30,595,000 series 2012B bonds due 2013 to 2027 with term bond due in 2032

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.

IOWA HIGHER EDUCATION LOAN AUTHORITY/CENTRAL COLLEGE: $50.17 million series 2012 private college facility revenue refunding bonds (Baa3); negotiated; Piper Jaffray & Co. (lead); proceeds to construct, improve and equip a fitness center, as well as to refund the authority's series 1985, 2001 and 2008 revenue bonds.

• $35.53 million series 2012A bonds due 2014 to 2022 with term bonds due 2027 and 2031

• $14.64 million series 2012B bonds due Oct. 1, 2038

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.

MASSACHUSETTS DEVELOPMENT FINANCE AGENCY/BOSTON MEDICAL CENTER: $116.29 million series 2012C revenue bonds (Baa1/BBB+/); negotiated; Morgan Stanley & Co. LLC (lead); proceeds to refund existing debt.

MASSACHUSETTS EDUCATIONAL FINANCING AGENCY: $174,145,000 series 2012J education loan revenue bonds (/AA/A); negotiated; Morgan Stanley & Co. LLC (lead); Bank of America Merrill Lynch and J.P. Morgan Securities LLC (co-managers); proceeds to fund fixed-rate educational loans.

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

NORTH LITTLE ROCK (ARKANSAS): $58.62 million series 2012 electric system revenue bonds (/A-/); negotiated; Stephens Inc. (lead); proceeds to replace a water sealing system, construct two feeder circuits to industrial customers, replace a service bucket vehicle, deploy and install smart grid power electronics in the form of meters and rollover switches and acquire and install a new security monitoring system, as well as to refund the city's series 1992 electric system revenue bonds.

• $22.46 million series 2012A taxable refunding bonds due 2013 to 2025

• $1,865,000 series 2012B refunding bonds due 2013 to 2025

• $10.67 million series 2012C taxable bonds due 2015 to 2022

• $16,415,000 series 2012D taxable refunding bonds due 2013 to 2022

• $7.21 million series 2012E capital improvement bonds due 2015 to 2022

OHIO: $79.03 million series 2012 development assistance bond anticipation notes (MIG 1/SP-1+/F1+); negotiated; Morgan Stanley & Co. LLC (underwriter); notes due May 30, 2013; proceeds to make loans to local entities for a variety of capital projects.

• $34.03 million series 2012A notes

• $40 million series 2012B taxable Ohio direct loan program notes

• $5 million series 2012C taxable Innovation loan program notes

OHIO: $115 million series 2012 revitalization project bonds (MIG 1/SP-1+/F1+); negotiated; Morgan Stanley & Co. LLC (underwriter); notes due May 30, 2013; proceeds to provide money for loans to local entities for revitalization projects and to refund existing debt.

• $100 million series 2012A notes

• $15 million series 2012B notes

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.

PALM BEACH COUNTY SCHOOL BOARD (FLORIDA): $68.12 million series 2012C certificates of participation (Aa3//AA-); negotiated; Bank of America Merrill Lynch, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (lead); COPs due 2016 to 2029; proceeds to refund school board's series 2004A COPs.

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

RHODE ISLAND HOUSING AND MORTGAGE FINANCE CORP.: $85,615,000 series 62 homeownership opportunity bonds; negotiated; Bank of America Merrill Lynch and Morgan Stanley & Co. LLC (lead); Janney Montgomery Scott LLC, J.P. Morgan Securities LLC, M.R. Beal & Co. Inc., Oppenheimer & Co. Inc., RBC Capital Markets LLC and Roosevelt & Cross Inc. (co-managers); proceeds to make mortgage loans.

• $10.26 million series 62-A non-AMT bonds due Oct. 1, 2030

• $15 million series 62-B non-AMT bonds due Oct. 1, 2033, Oct. 1, 2038, Oct. 1, 2042

• $60,355,000 series 62-C AMT bonds due 2012 to 2024 with term bond due April 1, 2028

SACRAMENTO UNIFIED SCHOOL DISTRICT (CALIFORNIA): $112 million series 2012 general obligation refunding bonds; negotiated; Stone & Youngberg and Morgan Stanley & Co. LLC (lead); proceeds to refund the district's series 1999B-D, 2001 and 2002A G.O. bonds.

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.

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