Municipal Calendar: Maryland to sell $727.9 million of debt

Week of July 30

FAIRFAX COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY OF FAIRFAX COUNTY/INOVA HEALTH SYSTEM (VIRGINIA): $350 million of health care revenue bonds (Aa2/AA+/); negotiated; Morgan Stanley & Co. LLC (lead); Citigroup Global Markets Inc., TD Securities (USA) LLC, BB&T Capital Markets LLC, Raymond James/Morgan Keegan and Edward D. Jones & Co. LP (co-managers); proceeds to finance new hospital additions; pricing week of July 30.

• $290 million of series 2012A bonds

• $60 million of series 2012B bonds

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.

CHARLESTON COUNTY SCHOOL DISTRICT (SOUTH CAROLINA): $71.3 million series 2012 tax anticipation notes; competitive; Public Financial Management Inc. (financial adviser); notes due April 1, 2013; proceeds to fund the operational expenses of the district ahead of the collection of ad valorem taxes; pricing July 31.

August 1

MARYLAND: $727.92 million of second series 2012 general obligation bonds state and local facilities loan bonds (Aaa/AAA/AAA); negotiated; Citigroup Global Markets Inc. (lead); Bank of America Merrill Lynch, J.P. Morgan Securities LLC, M&T Securities, Inc., Siebert Brandford Shank & Co., LLC, Barclays Capital Inc., Goldman, Sachs & Co., Loop Capital Markets LLC, Raymond James/Morgan Keegan and RBC Capital Markets Corp. (co-managers); proceeds for public purposes, including to acquire and construct state facilities, for capital grants to local governments, to match loans and grants to local governments, nonprofit institutions and other entities, for capital grants to local education agencies for public school renovations and to purchase federal securities for the advance refunding of outstanding general obligation bonds; pricing Aug. 1.

• $75 million of second series A bonds due 2015 to 2027

• $430 million of second series B bonds due 2015 to 2027

• $20 million of second series C bonds due 2015

• $15.32 million of second series D bonds due 2027

• $187.6 million of second series E refunding bonds due 2018 to 2020

VIRGINIA PUBLIC SCHOOL AUTHORITY/PRINCE WILLIAM COUNTY: $66,275,000 of series 2012 special obligation school financing bonds (Aaa/AAA/); competitive; BB&T Capital Markets LLC and Public Financial Management, Inc. (financial advisers); serial maturities from 2013 through 2032; proceeds to fund various capital school improvement projects; pricing Aug. 1.

August 2

ROCHESTER (NEW YORK): $66,943,000 series 2012-I general obligation bonds (Aa3/A+/A+); competitive; bonds due 2013 to 2027; proceeds to redeem bond anticipation notes that were issued to construct, acquire, design and equip school, water supply, sewer and library facilities; pricing Aug. 2.

Week of August 6

August 7

MINNESOTA: $658.5 million series 2012 general obligation state bonds; competitive; Public Resources Advisory Group LLC (financial adviser); proceeds to finance all or a portion of the cost of certain programs and capital projects, including educational facilities, parks, pollution control facilities, transportation, natural resources and agricultural enterprises, as well as the construction, improvement and maintain projects of the state trunk highway system and agricultural projects of the Rural Finance Authority; pricing Aug. 7.

• $422 million series 2012A state various purpose G.O. bonds due 2013 to 2032

• $234 million series 2012B state trunk highway G.O. bonds due 2013 to 2032

• $2.5 million series 2012C taxable state G.O. bonds due Aug. 1, 2017

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.

CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY/CHILDREN'S HOSPITAL OF LOS ANGELES: $174,585,000 series 2012 revenue bonds (Baa2/BBB+/); negotiated; Bank of America Merrill Lynch and Citigroup Global Markets Inc. (lead); proceeds to prepay the hospital's series 1999 certificates and refund its series 2009 and 2010B bonds.

• $122.44 million series 2012A bonds due 2015 to 2027 with term bonds due in 2029, 2032 and 2034

• $52,145,000 series 2012B variable-rate revenue bonds due July 1, 2042

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

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.

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: $249,075,000 series 2012C first-lien refunding revenue Sifma index floating-rate bonds (/AA/AA-); negotiated; RBC Capital Markets LLC (lead); bonds due May 15, 2034; initial Sifma tender date of Aug. 1, 2016 and initial optional Sifma call date on Feb. 1, 2016; proceeds to refund the city's series 2010B combined utility system first-lien revenue bonds.

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.

JACKSONVILLE (FLORIDA): $119.02 million series 2012A Better Jacksonville sales tax refunding revenue bonds; negotiated; Goldman, Sachs & Co. (lead); CastleOak Securities LP, Drexel Hamilton LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC (co-managers); bonds due 2023 to 2030; proceeds to finance infrastructure improvements, park and recreation projects and economic development initiatives for the city.

MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES/JOHNS HOPKINS HEALTH SYSTEM OBLIGATED GROUP: $169,655,000 of revenue bonds (Aa3/AA-/AA-); index floating-rate mode; negotiated; J.P. Morgan Securities LLC and Goldman, Sachs & Co.; proceeds to refund outstanding bonds.

• $84,605,000 of series 2012C bonds

• $85,050,000 of series 2012D bonds.

METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY (TENNESSEE): $290 million in two tranches of refunding bonds (Aa1/AA/); negotiated; Piper Jaffray & Co. lead); Jefferies & Co., Raymond James/Morgan Keegan, Duncan-Williams, Inc., Siebert Brandford Shank & Co., LLC and U.S. Bancorp (co-managers); proceeds to refund the outstanding series 2002A district energy system revenue bonds and to advance refund certain maturities of the outstanding series 2005A general obligation bonds, series 2005 general obligation refunding bonds and series 2007A general obligation refunding bonds.

• $55 million of series 2012A district energy system revenue and tax refunding bonds due 2013 to 2033

• $235 million of series 2012B general obligation refunding bonds due 2013 to 2027

MICHIGAN FINANCE AUTHORITY: $510 million series 2012B state aid revenue notes; negotiated; Morgan Stanley & Co. LLC and Wells Fargo Securities LLC (lead); J.P. Morgan Securities LLC, Loop Capital Markets LLC, PNC Capital Markets LLC, Siebert Brandford Shank & Co. LLC and Stifel, Nicolaus & Co. (co-managers); notes due Aug. 20, 2013; proceeds to provide governmental units with funds for operational shortfalls during the coming fiscal year.

• $245 million series 2012B-1 notes

• $265 million series 2012B-2 notes

MISSISSIPPI: $78.72 million of series 2012D general obligation refunding bonds (Aa2/AA/AA+); negotiated; Morgan Stanley & Co. LLC; due Sept. 1, 2017; proceeds to fund the conversion of the series 2005 and series 2007 variable-rate general obligation capital improvements bonds from a weekly interest rate to an adjusted Sifma rate by a current refunding of the bonds.

NYU HOSPITALS CENTER: $250 million series 2012A taxable bonds (A3/A-/A-); negotiated; J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Bank of America Merrill Lynch (lead); TD Securities (USA) LLC (co-manager); proceeds to finance various construction projects for the center.

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.

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.

SAN DIEGO UNIFIED SCHOOL DISTRICT (CALIFORNIA): $240 million series 2012-13 tax and revenue anticipation notes (/SP-1+/); negotiated; Citigroup Global Markets Inc. and Loop Capital Markets LLC (lead); Bank of America Merrill Lynch (co-manager); proceeds to finance operational needs for the district ahead of the collection of certain taxes and revenues.

• $155 million series 2012-13A-1 notes due Jan. 31, 2013

• $85 million series 2012-13A-2 notes due June 28, 2013

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.

WAKE FOREST UNIVERSITY (NORTH CAROLINA): $125 million series 2012 taxable bonds (Aa3/AA/); negotiated; Wells Fargo Securities LLC and BB&T Capital Markets LLC (lead); bonds due 2024 to 2027 with term bonds due in 2032 and 2042; proceeds to finance all or a portion of the cost of renovations and improvements to the university.

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