Municipal Calendar: Illinois organizes $1.5 billion bond deal

Week of July 16

ILLINOIS: $1,493,020,000 series 2012 unemployment insurance fund building receipts revenue bonds (/AA/AA+); negotiated; J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Loop Capital Markets LLC and Bank of America Merrill Lynch (lead); Fifth Third Securities Inc., Sterne Agee & Leach Inc., Cabrera Capital Markets LLC, Oppenheimer & Co., The Williams Group L.P., Edward D. Jones & Co. LP, Stern Brothers & Co., Jackson Securities Inc., North South Capital and Janney Montgomery Scott LLC (co-managers); proceeds to repay advances on the state's unemployment trust fund within the federal unemployment trust fund, as well as to pay state unemployment benefits; pricing week of July 16.

• $777.88 million series 2012A bonds due 2013 to 2017

• $542,735,000 series 2012B bonds due 2017 to 2020

• $172,405,000 series 2012C bonds due June 15, 2021

JEA (FLORIDA): $159,055,000 series 2012 water and sewer system revenue bonds (/AA/); negotiated; Jefferies & Co. (lead) Bank of America Merrill Lynch, Barclays Capital Inc., BMO Capital Markets, Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Piper Jaffray & Co., Raymond James/Morgan Keegan, RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers); proceeds to refund the authority's outstanding series 2005A, 2005C, 2007A and 2007C water and sewer system revenue bonds; pricing week of July 16.

• $133.48 million series 2012B senior bonds

• $25,575,000 series 2012B subordinate bonds

MIAMI-DADE COUNTY (FLORIDA): $540 million series 2012 transit system sales surtax revenue bonds (A1/AA/AA-); negotiated; J.P. Morgan Securities LLC (lead); Estrada Hinojosa & Co. Inc., Rice Financial Products Co., Citigroup Global Markets Inc., Bank of America Merrill Lynch, M.R. Beal & Co., Blaylock Robert Van LLC, Cabrera Capital Markets LLC, Jackson Securities Inc., Raymond James/Morgan Keegan, Morgan Stanley & Co. LLC, Goldman, Sachs & Co., Barclays Capital Inc. and Jefferies & Co. (co-managers); proceeds to refund and redeem the county's series 2011 bond anticipation notes; pricing week of July 16.

MISSOURI HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/WASHINGTON UNIVERSITY: $200 million series 2012A taxable educational facilities revenue bonds (Aaa/AAA/); negotiated; Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Edward D. Jones & Co. LP and Wells Fargo Securities LLC (lead); proceeds to renovate the university's McMillan Hall, construct, furnish and equip the Siteman Cancer Center, construct student housing on the Danforth campus, make other capital improvements on university property and refund the university's series 2003A revenue bonds; pricing week of July 16.

NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY/WAKE FOREST UNIVERSITY: $110 million series 2012 educational facilities revenue bonds (Aa3/AA/); negotiated; Wells Fargo Securities LLC and BB&T Capital Markets LLC (lead); bonds due 2015 to 2033 with term bonds due 2040 and 2042; proceeds to construct and design residence halls, a dining hall and academic buildings, as well as to upgrade the university's heating plant; pricing week of July 16.

OHIO STATE UNIVERSITY: $113.49 million series 2012 general receipts bonds (Aa1/AA/AA); negotiated; Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC (lead); KeyBanc Capital Markets LLC, RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers); proceeds to refund existing general receipts bonds; pricing week of July 16.

• $90.33 million series 2012A tax-exempt bonds

• $23.16 million series 2012B taxable bonds

PORT OF MORROW (OREGON): $90 million series 2012 transmission facilities revenue bonds (Aa1//AA); negotiated; Bank of America Merrill Lynch (lead); J.P. Morgan Securities LLC and Wells Fargo Securities LLC (co-managers); bonds due Sept. 1, 2042; proceeds to acquire the Bonneville Cooperation Project No. 1, an electric transmission facility, from the Northwest Infrastructure Financing Corp. II; pricing week of July 16.

RHODE ISLAND HEALTH AND HIGHER EDUCATIONAL BUILDING CORP./RHODE ISLAND SCHOOL OF DESIGN: $50.91 million series 2012 higher education facilities revenue refunding bonds (A1//A+); negotiated; Bank of America Merrill Lynch (lead); J.P. Morgan Securities LLC, Janney Montgomery Scott LLC and Oppenheimer & Co. Inc. (co-managers); proceeds to advance refund the corporation's series 2004D higher education facilities revenue bonds; pricing week of July 16.

SIKESTON (MISSOURI): $74,195,000 series 2012 electric system revenue refunding bonds (//BBB+); negotiated; Bank of America Merrill Lynch (lead); proceeds to refund existing electric revenue bonds for a 15% savings of the refunded par amount; pricing week of July 16.

July 18

CONTRA COSTA WATER DISTRICT (CALIFORNIA): $94.91 million series Q water revenue refunding bonds (Aa2/AA+/AA+); competitive; Public Financial Management Inc. (financial adviser); bonds due 2014 to 2032; proceeds to refund district's series K water revenue bonds; pricing July 18.

WASHINGTON: $590,545,000 series 2013 general obligation bonds (Aa1/AA+/AA+); negotiated and competitive; Bank of America Merrill Lynch (lead for 2013B-2); proceeds to finance various capital projects, state and local water supply improvements, multimodal transportation projects, state programs for Columbia River Basin water supply development, outdoor recreation, habitat conservation, riparian and farmland preservation, state and local highway improvements, construction of new transportation projects, as well as to refund existing G.O. debt; pricing July 18.

• $274,105,000 series 2013A various purpose G.O. bonds due 2018 to 2037

• $197.4 million series 2013B-1 and 2013B-2 motor vehicle fuel tax G.O. bonds due 2013 to 2042

• $40,585,000 series 2013T taxable G.O. bonds due 2013 to 2018

• $78,455,000 series R-2013T taxable G.O. refunding bonds due 2013 to 2016

July 19

HARRIS COUNTY (TEXAS): $175 million series 2012A tax and subordinate lien revenue refunding bonds (/AAA/AAA); negotiated; J.P. Morgan Securities LLC (lead); Barclays Capital Inc., Goldman, Sachs & Co., Estrada Hinojosa & Co. Inc., Fidelity Capital Markets Inc., Raymond James/Morgan Keegan and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to refund the county's series 2002 revenue bonds; pricing July 19.

Week of July 23

July 24

FAIRFAX COUNTY (VIRGINIA): $93,025,000 series 2012 sewer revenue bonds (Aa1/AAA/AAA); competitive; Public Financial Management Inc. (financial adviser); bonds due 2013 to 2042; proceeds to finance capital improvement programs at the county's Norman M. Cole, Jr., Pollution Control Plant, District of Columbia Water and Sewer Authority Blue Plains Advanced Wastewater Treatment Plant, Alexandria Renew Enterprises' water treatment plant, Arlington County's water treatment plant and Loudoun Water's Broad Run water treatment plant; pricing July 24.

MANATEE COUNTY SCHOOL DISTRICT (FLORIDA): $50 million series 2012 tax anticipation notes (MIG 1); competitive; Public Financial Management Inc. (financial adviser); notes due May 1, 2013; proceeds to finance operating expenses for the district ahead of the collection of budgeted revenues; pricing July 24.

VIRGINIA HOUSING DEVELOPMENT AUTHORITY: $114,075,000 series 2012 rental housing bonds (Aa1/AA+/); competitive; proceeds to finance mortgages for properties to be used as rental housing units; pricing July 24.

• $39,075,000 series 2012B tax-exempt non-AMT bonds due 2014 to 2042

• $75 million series 2012C taxable bonds due 2014 to 2042

Week of July 30

July 31

BANGOR (MAINE): $56.5 million series 2012B general obligation bonds; competitive; Moors & Cabot Inc. (financial adviser); bonds due 2014 to 2032 with term bond due in 2042; proceeds to refund bond anticipation notes, which were issued to partially fund the construction of a replacement for the Bangor Arena/Civic Center; pricing July 31.

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.

CANADIAN COUNTY EDUCATIONAL FACILITIES AUTHORITY (OKLAHOMA): $64.06 million series 2012 educational facilities lease revenue bonds (/A+/); negotiated; D.A. Davidson & Co. (lead); bonds due 2013 to 2023; proceeds to finance the construct and improvements to a grades 5 and 6 facility in the Mustang Public Schools District, as well as to make other renovations within the district.

CARMEL (INDIANA)/MAYFLOWER COMMUNITIES $119,245,000 series 2012 revenue bonds negotiated Ziegler Capital Markets Inc. (lead) proceeds to construct, renovate and equip independent living facilities, catered living facilities, an assisted living center and other facilities at the Barrington of Carmel senior living facility.

• $94,545,000 series 2012A revenue bonds due Nov. 15, 2047

• $3 million series 2012B accelerated redemption reset option securities due Nov. 15, 2019

• $3,875,000 series 2012C-1 mandatory paydown securities due Nov. 15, 2019

• $7,925,000 series 2012C-2 mandatory paydown securities due Nov. 15, 2018

• $4.1 million series 2012C-3 mandatory paydown securities due Nov. 15, 2018

• $5.8 million series 2012A taxable mandatory paydown securities through Mayflower Communities due Nov. 15, 2017

CLARK COUNTY (NEVADA): $51.5 million series 2012 special improvement district No. 142 local improvement refunding bonds (/BBB-/); negotiated; Stone & Youngberg (lead); proceeds to refund and redeem all of the county's outstanding series 2003 local improvement bonds.

DALLAS AND FORT WORTH (TEXAS)/DALLAS/FORT WORTH INTERNATIONAL AIRPORT: $381.09 million series 2012D Dallas/Fort Worth International Airport joint revenue improvement bonds (A1/A+/A+); negotiated; Barclays Capital Inc., Siebert Brandford Shank & Co. LLC, Citigroup Global Markets Inc. and Stifel, Nicolaus & Co. (lead); proceeds to finance capital improvements to the airport.

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/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.

EASTERN MUNICIPAL WATER DISTRICT (CALIFORNIA): $50 million series 2012A refunding water and sewer revenue bonds (Aa2/VMIG 1/A-1+/AA+/F1+); negotiated; Stone & Youngberg (sole); bonds due July 1, 2038; proceeds to refund the district's series 2008F certificates of participation.

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.

FORT BEND GRAND PARKWAY TOLL ROAD AUTHORITY (TEXAS): $179,825,000 series 2012 limited contract tax and subordinate lien toll road revenue bonds (//AA+); negotiated; Bank of America Merrill Lynch and Citigroup Global Markets Inc. (lead); Estrada Hinojosa & Co. Inc., Loop Capital Markets LLC and Raymond James/Morgan Keegan (co-managers); bonds due 2022 to 2046; proceeds to finance the construction, design, acquisition and development of toll overpasses on the parkway and the reconstruction of the existing roadway from U.S. Highway 59 to and including the intersection at Farm to Market Road 1093, as well as to pay 36 months of capitalized interest.

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.

LOS ANGELES DEPARTMENT OF WATER AND POWER: $413.08 million series 2012 water system revenue bonds (Aa2/AA/AA); negotiated; Wells Fargo Securities LLC and Siebert Brandford Shank & Co. LLC (lead for 2012B); Siebert Brandford Shank & Co. LLC (lead for 2012C); Citigroup Global Markets Inc., De La Rosa & Co. Inc., Mitsubishi UFJ Securities Inc., Morgan Stanley & Co. LLC and Ramirez & Co. (co-managers for 2012B); RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers for 2012C); proceeds to finance capital improvements to the city's water system, as well as to refund its series 2004C revenue bonds.

• $322 million series 2012B bonds due 2037, 2040 and 2043

• $91.08 million series 2012C bonds

MISSISSIPPI/NISSAN NORTH AMERICA, INC.: $100,815,000 series 2012 general obligation refunding bonds (Aa2//AA+); negotiated; Morgan Stanley & Co. LLC (lead); Bank of America Merrill Lynch, RBC Capital Markets LLC, Crews & Associates Inc. and Stephens Inc. (co-managers); proceeds to convert the 2003A Nissan bonds from a weekly interest rate to a fixed interest rate through a current refunding of the bonds.

• $57.1 million series 2012A taxable bonds due 2013 to 2022

• $43,715,000 series 2012B tax-exempt bonds due 2013 to 2023

NORTH TEXAS HIGHER EDUCATIONAL AUTHORITY, INC.: $463.2 million series 2012-1 Libor floating-rate bonds (/AA+(sf)/AAAsf); negotiated; Bank of America Merrill Lynch (lead); bonds due Dec. 1, 2034; proceeds to refund the authority's series 1998, 2000B, 2001A, 2004A, 2005A-B, 2007A-B and 2010A floating-rate 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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