Municipal Calendar: Metropolitan Transportation plans bond deal

Week of June 25

ACTS RETIREMENT-LIFE COMMUNITIES OBLIGATED GROUP: $103,505,000 series 2012 revenue refunding bonds; negotiated; Ziegler Capital Inc. (lead); proceeds to refund existing debt sold for the obligated group by each of the authorities; pricing week of June 25.

• $13,085,000 series 2012 bonds through Palm Beach County Health Facilities Authority, Fla.

• $12,025,000 series 2012 bonds through Gainesville and Hall County Development Authority, Ga.

• $78,395,000 series 2012 bonds through Montgomery County Industrial Development Authority, Pa.

COACHELLA VALLEY UNIFIED SCHOOL DISTRICT (CALIFORNIA): $50 million election of 2005 series 2012D general obligation bonds (A1); negotiated; George K. Baum & Co. Inc. (lead); proceeds to finance a professional center and education complex, transportation hub and fueling station, K-12 sports complexes and additional modernization projects throughout the district; pricing week of June 25.

FLORIDA ATLANTIC UNIVERSITY FINANCE CORP.: $53 million series 2012A capital improvement housing revenue bonds (A1//A+); negotiated; Bank of America Merrill Lynch (lead); bonds due 2014 to 2032 with term bonds due in 2037 and 2042; proceeds to construct, equip, acquire and design a new student housing facility for the university; pricing week of June 25.

FRESNO UNIFIED SCHOOL DISTRICT (CALIFORNIA): $82.4 million series 2012 general obligation refunding bonds (Aa3); negotiated; Citigroup Global Markets Inc. (lead); proceeds to refund a portion of the district's election of 2001 series D and E and series 2004A G.O. refunding bonds; pricing week of June 25.

• $49.9 million series 2012A bonds

• $32.5 million series 2012B bonds

KAWEAH DELTA HEALTH CARE DISTRICT (CALIFORNIA): $77,355,000 series 2012 revenue and refunding bonds (A3); negotiated; Edward D. Jones & Co. LP and Wells Fargo Securities LLC (lead); Bank of America Merrill Lynch, Southwest Securities Inc. and Raymond James/Morgan Keegan (co-managers); bonds due 2013 to 2035 with term bonds due in 2037 and 2042; proceeds to construct, equip, acquire and renovate health care facilities operated by the district, as well as to refund its series 1999A, 2003B and 2004 revenue bonds; pricing week of June 25.

METROPOLITAN TRANSPORTATION AUTHORITY (NEW YORK): $1 billion series 2012D transportation revenue refunding bonds; negotiated; Bank of America Merrill Lynch, Barclays Capital Inc. and Loop Capital Markets LLC (lead); Citigroup Global Markets Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC, Jefferies & Co., Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC, Wells Fargo Securities LLC, BB&T Capital Markets, Duncan-Williams Inc., Edward D. Jones & Co. LP, Fidelity Capital Markets Inc., First Southwest Co., 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 TD Securities (USA) LLC (co-managers); proceeds to refund existing transportation revenue bonds; pricing week of June 25.

NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY/HIGH POINT UNIVERSITY: $61.17 million series 2012 educational facilities revenue bonds (/BBB+/); negotiated; BB&T Capital Markets and Wells Fargo Securities LLC (lead); bonds due 2013 to 2029 with term bonds due in 2031 and 2034; proceeds to finance the construction, acquisition and equipment of a new three-story residence hall, as well as to refund the university's series 2006, 2007 and 2008 revenue bonds and to repay a line of credit received in 2009; pricing week of June 25.

SOUTHEASTERN OHIO PORT AUTHORITY/MEMORIAL HEALTH SYSTEM OBLIGATED GROUP: $146.2 million series 2012 hospital facilities revenue refunding and improvement bonds; negotiated; KeyBanc Capital Markets (lead); proceeds to finance capital improvements to various hospitals and clinics operated by the health system, as well as to refund and redeem existing revenue bonds; pricing week of June 25.

On the Horizon

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.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: up to $600 million tax-exempt refunding bonds; negotiated; RBC Capital Markets LLC and Raymond James/Morgan Keegan (lead); proceeds to refund the authority's series 2002A-I school districts revenue bond financing program revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: up to $270 million tax-exempt and/or taxable fixed-rate bonds; negotiated; proceeds to finance capital projects at various campuses throughout the State University of New York System and current refund existing lease revenue 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/LONG ISLAND UNIVERSITY: up to $66 million fixed-rate tax-exempt and/or taxable bonds; proceeds to current refund all or a portion of the authority's series 1999 and 2003A-B bonds sold for the university.

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.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/ST. JOHN'S UNIVERSITY: $112 million fixed-rate tax-exempt bonds; negotiated; Morgan Stanley & Co. LLC (lead); proceeds to refund certain maturities of the university's series 1998, 2001A and 2005A bonds and all of the university's series 2008A variable-rate bonds.

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.

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.

KATY INDEPENDENT SCHOOL DISTRICT (TEXAS): $115 million series 2012C variable-rate refunding bonds (Aaa/AAA/); negotiated; Bank of America Merrill Lynch and Jefferies & Co. (lead); Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Southwest Securities Inc. and Wells Fargo Securities LLC (co-managers); bonds due Aug. 15, 2036; proceeds to refund the district's series 2004C variable-rate unlimited tax school building bonds.

LINCOLN (NEBRASKA)/LINCOLN ELECTRIC SYSTEM: $210 million series 2012 revenue and refunding bonds (/AA/AA); negotiated; Bank of America Merrill Lynch (lead); Ameritas Investments Corp., Citigroup Global Markets Inc., RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers); bonds due 2013 to 2032 with term bond due in 2037; proceeds to finance capital improvements to the system, as well as to refund the system's series 2003 revenue bonds.

MASSACHUSETTS PORT AUTHORITY: $285 million series 2012 revenue and revenue refunding bonds (Aa3/AA-/AA); negotiated; Bank of America Merrill Lynch (lead); Fidelity Capital Markets Inc., Jefferies & Co. and Ramirez & Co. Inc. (co-managers); proceeds to finance the authority's fiscal year 2012 to fiscal year 2016 capital program, as well as to refund existing debt.

• $120 million series 2012A AMT revenue bonds

• $165 million series 2012B non-AMT 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.

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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