Municipal Calendar: Puerto Rico Public Buildings deal ahead

Week of June 4

CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/STAMFORD HOSPITAL: $250 million series J hospital revenue bonds (/A-/A); negotiated; Goldman, Sachs & Co. (lead); Bank of America Merrill Lynch and J.P. Morgan Securities LLC (co-managers); bonds due 2017 to 2022; proceeds to acquire, construct and equip a diagnostic and treatment building for the hospital and modernize the emergency department, as well as make other capital improvements to the hospital's facilities; pricing week of June 4.

EDMONDS HIGH SCHOOL DISTRICT (WASHINGTON): $92,885,000 series 2012 unlimited tax general obligation refunding bonds (Aa1); negotiated; Seattle-Northwest Securities Inc. (lead); proceeds to refund the district's series 2006 general obligation bonds; pricing week of June 4.

MASSACHUSETTS BAY TRANSPORTATION AUTHORITY: $415,595,000 series 2012A assessment bonds (Aa1/AAA/); negotiated; Ramirez & Co. Inc. and Barclays Capital Inc. (lead); Corby Capital Inc., Loop Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to refund debt; pricing week of June 4.

MICHIGAN FINANCE AUTHORITY: $2,968,595,000 series 2012 unemployment obligation assessment revenue bonds; negotiated; Citigroup Global Markets Inc. (lead for 2012A-B bonds, sole for 2012C); Bank of America Merrill Lynch (co-lead for 2012A-B); Barclays Capital Inc., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Wells Fargo Securities LLC, BMO Capital Markets LLC, Goldman, Sachs & Co., Morgan Stanley & Co. LLC, Siebert Brandford Shank & Co. LLC, Fifth Third Securities Inc., The Huntington Investment Co., PNC Capital Markets LLC and Ramirez & Co. (co-managers for 2012A-B); proceeds to refund existing debt and make a deposit into the authority's liquidity reserve fund; pricing week of June 4.

• $1,469,645,000 series 2012A revenue bonds due 2013 to 2019

• $1,248,950,000 series 2012B revenue bonds due 2020 to 2024

• $250 million series 2012C variable-rate demand bonds due July 1, 2024

PALM BEACH COUNTY (FLORIDA): $145.37 million series 2012 public improvement revenue refunding bonds; negotiated; Goldman, Sachs & Co. and Loop Capital Markets LLC (lead); bonds due 2015 to 2025; proceeds to refund the county's series 2004, 2004A and 2005A public improvement revenue bonds; pricing week of June 4.

PUERTO RICO PUBLIC BUILDINGS AUTHORITY: $500 million series U government facilities revenue refunding bonds; negotiated; Goldman, Sachs & Co. (lead); BMO Capital Markets Inc., RBC Capital Markets LLC, J.P. Morgan Securities LLC, Barclays Capital Inc., Jefferies & Co., Bank of America Merrill Lynch, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Ramirez & Co. Inc., UBS FS Securities, Wells Fargo Securities LLC, Raymond James/Morgan Keegan, BBVAPR MSD, FirstBank Securities, Oriental Financial Services, Popular Securities, VAB Financial, Scotia MSD and Santander Securities (co-managers); proceeds to refund all of the authority's series J bonds and to refund all or a portion of its series D and G bonds; pricing week of June 4.

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; pricing week of June 4.

• $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

SAN DIEGO COUNTY AND SAN DIEGO COUNTY SCHOOL DISTRICT (CALIFORNIA): $176 million series 2012-13A tax and revenue anticipation notes (MIG 1/SP-1+/F1+); negotiated; Citigroup Global Markets Inc. (lead); notes due 2013; proceeds to fund the city's mid-year cash flow needs ahead of the collection of taxes and revenues; pricing week of June 4.

Week of June 11

June 12

HARRIS COUNTY (TEXAS): $375 million series 2012 tax anticipation notes; competitive; First Southwest Co. (financial adviser); notes due Feb. 28, 2013; proceeds to fund county expenses ahead of ad valorem taxes to be collected in the latter half of the 2012-13 fiscal year; pricing June 12.

LOS ANGELES UNIFIED SCHOOL DISTRICT (CALIFORNIA): $650 million series 2012-13 tax and revenue anticipation notes; competitive; KNN Public Finance (financial adviser); notes due Feb. 28, 2013; proceeds to finance the general capital needs of the school district ahead of the collection of certain taxes and revenues; pricing June 12.

June 13

HOUSTON (TEXAS): $180 million series 2012 tax and revenue anticipation notes (/SP-1+/F1+); competitive; First Southwest Co. and TKG & Associates LLC (financial advisers); notes due June 28, 2013; proceeds to finance general city capital needs ahead of the collection of certain taxes and revenues; pricing June 13.

June 14

SAN DIEGO (CALIFORNIA): $103 million series 2012-13 tax and revenue anticipation notes (MIG 1/SP-1+/); competitive; Public Resources Advisory Group (financial adviser); notes due June 28, 2013; proceeds to finance general capital expenditures for the city ahead of the collection of certain taxes and revenues; pricing June 14.

On the Horizon

BERKS COUNTY MUNICIPAL AUTHORITY/READING HOSPITAL AND MEDICAL CENTER (PENNSYLVANIA): $252.86 million series 2012 revenue bonds (Aa3/AA/AA-); negotiated; Bank of America Merrill Lynch, Morgan Stanley & Co. LLC and RBC Capital Markets LLC (lead for 2012A); Morgan Stanley & Co. LLC and RBC Capital Markets LLC (lead for 2012B); proceeds to construct, equip, acquire and install new and existing buildings operated by Reading Hospital and Medical Center, including emergency care facilities, oncology buildings and cardiology services, as well as to refund the medical center's series 2002 revenue bonds.

• $162,095,000 series 2012A fixed-rate bonds due Nov. 1, 2041, and Nov. 1, 2044

• $90,765,000 series 2012B variable-rate bonds due Nov. 1, 2039

BLACK BELT ENERGY GAS DISTRICT (ALABAMA): $773,845,000 series 2012A gas project revenue bonds (A1/A-/A); negotiated; Goldman, Sachs & Co. and Merchant Capital LLC (lead); bonds due 2013 to 2042; proceeds to acquire natural gas as part of a prepaid natural gas purchase agreement.

CITIZENS PROPERTY INSURANCE CORP. (FLORIDA): $1.25 billion series 2012A personal lines account/commercial lines account senior secured bonds; negotiated; J.P. Morgan Securities LLC (lead); Bank of America Merrill Lynch; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; Morgan Stanley & Co. LLC; Jefferies & Co.; Loop Capital Markets LLC; Ramirez & Co. Inc.; and RBC Capital Markets LLC (co-managers); proceeds to meet the corporation's claim-paying needs for its personal and commercial lines.

CLARK COUNTY (NEVADA): $300 million series 2012A airport system junior subordinate lien revenue notes (MIG 1/SP-1+/); negotiated; RBC Capital Markets LLC (lead for 2012A-1 notes); Bank of America Merrill Lynch (lead for 2012A-2 notes); notes due July 1, 2013; proceeds to repay a portion of the county's series 2003E-2 notes.

• $180 million series 2012A-1 notes

• $120 million series 2012A-2 notes

CONNECTICUT: $518 million series 2012C general obligation refunding bonds; negotiated; Wells Fargo Securities LLC and Rice Financial Products Co. (lead); Citigroup Global Markets Inc., Ramirez & Co. Inc., TD Securities (USA) LLC, Bank of America Merrill Lynch, Cabrera Capital Markets LLC, Corby Capital Markets Inc., Edward D. Jones & Co. LP, Fidelity Capital Markets LLC, Jackson Securities Inc., Janney Montgomery Scott LLC, Jefferies & Co., KeyBanc Capital Markets LLC, Loop Capital Markets LLC, M.R. Beal & Co. Inc., Prager & Co. LLC, RBC Capital Markets LLC, Robert W. Baird & Co., Roosevelt & Cross Inc., Siebert Brandford Shank & Co. LLC, Sterne, Agee & Leach Inc., Stifel, Nicolaus & Co. Inc. and William Blair & Co. Inc. (co-managers); bonds due 2013 to 2025; proceeds to refund the state's outstanding series 2001A, 2002B-D, 2002F, 2003A, 2003C, 2003E-F, 2004A and 2004C-D G.O. bonds.

COOK COUNTY FOREST PRESERVE DISTRICT (ILLINOIS): $157 million series 2012 general obligation bonds (Aa2/AA/AA); negotiated; Loop Capital Markets LLC (lead); Blaylock Robert Van LLC and M.R. Beal & Co. (co-managers); proceeds to construct, acquire, equip and renovate properties operated by the district, as well as to refund existing G.O. debt.

• $45.85 million series 2012A unlimited tax G.O. refunding bonds

• $54.7 million series 2012B limited tax project and G.O. refunding bonds

• $56.45 million series 2012C unlimited tax G.O. bonds

DETROIT (MICHIGAN)/DETROIT WATER AND SEWERAGE DEPARTMENT: $575 million series 2012A sewage disposal system revenue and refunding senior lien bonds (/A+/A-); negotiated; Goldman, Sachs & Co. (lead); BMO Capital Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2014 to 2027 with term bonds due 2032 and 2039; proceeds to make improvements, additions and extensions to the city's sewage system, as well as to refund its 2003A revenue bonds.

DISTRICT OF COLUMBIA/GALLERY PLACE PROJECT: $54,775,000 series 2012 tax increment revenue refunding bonds (A1/A-/A+); negotiated; TD Securities LLC and Goldman, Sachs & Co. (lead); Fidelity Capital Markets Inc. and M.R. Beal & Co. (co-managers); bonds due 2013 to 2031; proceeds to finance capital improvements to the Gallery Place-Chinatown subway station in Washington, D.C.

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/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, as well as to refund its series 2000B 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.

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.

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.

KAHALA NUI CORP./DEPARTMENT OF BUDGET AND FINANCE OF THE STATE OF HAWAII: $76.78 million series 2012 special purpose senior living revenue refunding bonds (//BBB-); negotiated; Ziegler Capital Markets Inc. (lead); proceeds to refund the corporation's series 2003 revenue bonds, which were used to finance the construction of senior living facilities operated by the corporation.

KENTWOOD ECONOMIC DEVELOPMENT CORP. (MICHIGAN)/HOLLAND HOME OBLIGATED GROUP: $50,225,000 series 2012 limited obligation revenue refunding bonds (//BB+); negotiated; Ziegler Capital Inc. (lead); proceeds to refund corporation's series 2000, 2002B and 2006B revenue bonds.

MONROE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (NEW YORK)/ROCHESTER SCHOOLS PROJECT: $123.85 million series 2012 school facilities revenue bonds (Aa3/AA-/AA-); negotiated; Citigroup Global Markets Inc. (lead); M.R. Beal & Co., Lebenthal & Co. and Ramirez & Co. Inc. (co-managers); proceeds to finance renovations to existing Rochester, N.Y., schools and to construct new school facilities.

• $65.94 million series 2012A tax-exempt bonds due 2014 to 2022

• $57.91 million series 2012B taxable qualified school construction bonds

NASSAU COUNTY (NEW YORK): $220 million series 2012 revenue anticipation notes (/SP-1+/F1+); negotiated; Bank of America Merrill Lynch (lead); J.P. Morgan Securities LLC and Ramirez & Co. Inc. (co-managers); proceeds to finance capital requirements for the county ahead of the collection of certain revenues.

• $160 million series 2012A notes due March 29, 2013

• $60 million series 2012B notes due April 30, 2013

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 CAROLINA MEDICAL COMMISSION/DUKE UNIVERSITY HEALTH SYSTEM: $300 million series 2012A health care facilities revenue bonds (Aa2/AA/AA); negotiated; J.P. Morgan Securities LLC (lead); Bank of America Merrill Lynch, SunTrust Robinson Humphrey and TD Securities (USA) LLC (co-managers); bonds due 2013 to 2027 with term bonds due in 2032, 2037 and 2042; proceeds to construct a major tertiary addition to the Duke University Hospital, including four 24-bed intensive care units, road improvements and renovations to existing facilities.

NORTH CHARLESTON (SOUTH CAROLINA): $51.06 million series 2012 North Charleston Public Facilities Corp. installment purchase revenue bonds; negotiated; Wells Fargo Securities LLC (lead); bonds due 2013 to 2030 with term bonds due in 2033 and 2037; proceeds to finance the construction of a new public works facility in the fall of 2012.

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

NORTH TEXAS TOLLWAY AUTHORITY: $351,385,000 series 2012 system revenue refunding bonds (A2/A-/); 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 the authority's series 1998, 2003A and 2008H-2 first tier revenue bonds.

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.

PASADENA UNIFIED SCHOOL DISTRICT (CALIFORNIA): $125 million series 2012 general obligation bonds; negotiated; RBC Capital Markets LLC (lead); proceeds to finance capital improvements for the district.

PHILADELPHIA HEALTH AND HIGHER EDUCATION FACILITIES AUTHORITY/TEMPLE UNIVERSITY HEALTH SYSTEM OBLIGATED GROUP (PENNSYLVANIA): $318.18 million series 2012 hospital revenue bonds (Ba1/BBB-/BBB-); negotiated; Morgan Stanley & Co. LLC and Barclays Capital Inc. (lead); PNC Bank, NA (co-manager); proceeds to finance capital projects for the obligated group and to refund existing debt.

• $220.95 million series 2012A revenue bonds

• $97.23 million series 2012B refunding bonds

PHOENIX INDUSTRIAL DEVELOPMENT AUTHORITY/ROWAN UNIVERSITY: $178.43 million series 2012 lease revenue bonds (A3/A+/); negotiated; Piper Jaffray & Co. (lead); bonds due 2017 to 2022 with term bonds due in 2027, 2032, 2036 and 2042; proceeds to refinance the costs of renovations and additions to the university.

REGIONAL TRANSPORTATION AUTHORITY (ILLINOIS): $300 million series 2012A taxable general obligation working cash notes (Aa3/AA/AA); negotiated; J.P. Morgan Securities LLC (lead); Bank of America Merrill Lynch, BMO Capital Markets LLC and Loop Capital Markets LLC (co-managers); bonds due April 1, 2014, and June 1, 2014; proceeds to finance the working cash needs of the authority for the coming fiscal year.

SAN BERNARDINO COUNTY (CALIFORNIA): $190 million series 2012-13 tax and revenue anticipation notes (/SP-1+/); negotiated; Loop Capital Markets LLC and Bank of America Merrill Lynch (lead); notes due June 28, 2013; proceeds to provide general capital funds for the county for the 2012-13 fiscal year ahead of the collection of taxes and revenues.

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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