Municipal Calendar: Columbus prepares $197 million bond deal

Week of August 27

COLUMBUS (OHIO): $196.7 million series 2012 various-purpose refunding bonds (Aaa/AAA/AAA); negotiated; Bank of America Merrill Lynch (lead); proceeds to refund various maturities of the city's series 2004-1, 2005D-E, 2006A-B, 2007A-B, 2004-2 and 2003A bonds; pricing week of Aug. 27.

• $87.6 million series 2012-3 various-purpose unlimited tax refunding bonds

• $41.9 million series 2012-4 various-purpose limited tax refunding bonds

• $56.1 million series 2012-5 taxable various-purpose unlimited tax refunding bonds

• $11.1 million series 2012-6 taxable various-purpose limited tax refunding bonds

FLORIDA MUNICIPAL POWER AGENCY/STANTON II PROJECT: $79.6 million series 2012A revenue bonds; negotiated; Wells Fargo Securities LLC (sole); proceeds to finance capital improvements to the projects, retire the agency's series 2000 and 2004 revenue bonds, refund the agency's series 2002 revenue bonds and terminate a swap agreement related to the retired and refunded bonds; pricing week of Aug. 27.

OHLONE COMMUNITY COLLEGE DISTRICT (CALIFORNIA): $99 million series 2012 general obligation refunding bonds (Aa2); negotiated; Piper Jaffray & Co. (lead); proceeds to refund existing G.O. bonds; pricing week of Aug. 27.

UTAH ASSOCIATED MUNICIPAL POWER SYSTEMS/HORSE BUTTE WIND PROJECT: $97,355,000 series 2012 revenue bonds (/A-/A-); negotiated; Citigroup Global Markets Inc. and BMO Capital Markets LLC (lead); Wells Fargo Securities LLC (co-manager); proceeds to make a prepayment for a specified supply of electricity; pricing week of Aug. 27.

• $70,395,000 series 2012A bonds due 2013 to 2032

• $26.96 million series 2012B variable-rate demand revenue bonds due Sept. 1, 2032

WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/GUNDERSEN LUTHERAN ADMINISTRATIVE SERVICES INC.: $70 million series 2012 revenue bonds (A1/A+/A+); negotiated Bank of America Merrill Lynch (lead); Wells Fargo Securities LLC (co-manager); proceeds to reimburse Gundersen Lutheran for the costs of construction, equipment and remodeling of the La Crosse hospital campus; pricing week of Aug. 27.

August 28

MCKINNEY INDEPENDENT SCHOOL DISTRICT (TEXAS): $50,685,000 series 2012 unlimited tax school building and refunding bonds (Aa2); negotiated; Raymond James/Morgan Keegan (lead); proceeds to current refund the district's series 2004 bonds for an estimated 8% net present value savings and to renovate and expand the district's middle and high school facilities; pricing Aug. 28.

Week of September 3

September 6

ORANGE COUNTY (FLORIDA): $100,595,000 series 2012C sales tax revenue refunding bonds (Aa2/AA/AA+); competitive; Public Financial Management Inc. (financial adviser); bonds due 2014 to 2024; proceeds to refund county's series 2002A sales tax revenue bonds; pricing Sept. 6.

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 STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY/TERRACES AT SAN JOAQUIN GARDENS: $72,715,000 series 2012 revenue bonds; negotiated; Ziegler Capital Markets LLC (lead); proceeds to be loaned to the Terraces at San Joaquin Gardens to reimburse the corporation for the construction, acquisition, equipment and renovation of senior living communities in Fresno, Calif.

• $49,365,000 series 2012A bonds due 2042

• $9,475,000 series 2012B-1 tax-exempt mandatory paydown securities due Oct. 1, 2019

• $13,875,000 series 2012B-2 tax-exempt mandatory paydown securities due Oct. 1, 2018

DETROIT/WAYNE COUNTY STADIUM AUTHORITY (MICHIGAN): $61,275,000 series 2012 Building Authority refunding general obligation bonds (Baa2/BBB+/BBB+); negotiated; Citigroup Global Markets Inc. and Siebert Brandford Shank & Co. LLC (lead); Wells Fargo Securities LLC (co-manager); bonds due 2013 to 2026; proceeds to refund the authority's series 1997 Building Authority general obligation bonds.

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.

FLORIDA MUNICIPAL POWER AGENCY/ST. LUCIE PROJECT: $60 million series 2012A revenue bonds (A2//A); negotiated; Bank of America Merrill Lynch and J.P. Morgan Securities LLC (lead); bonds due Oct. 1, 2026; proceeds to retire bonds issued by the agency and to terminate a swap agreement related to those 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.

ILLINOIS FINANCE AUTHORITY/OSF HEALTHCARE SYSTEM: $181,265,000 series 2012A revenue bonds (A3/A/A); negotiated; Barclays (lead); Cabrera Capital Markets LLC (co-manager); bonds due 2013 to 2032 with term bond due in 2041; proceeds to refund the health care system's series 2004 revenue refunding bonds, series 2007F-G variable-rate demand bonds, series 2009A revenue bonds and series 2009F revenue bonds.

LAKELAND (FLORIDA): $100 million series 2012 variable-rate energy system refunding bonds (A1/AA/AA-); negotiated; Goldman, Sachs & Co. (lead); bonds due Oct. 1, 2017; bonds bear interest at the adjusted Sifma or the adjusted Libor rate; proceeds to refund the city's series 2009 variable-rate energy system refunding bonds.

LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/CYPRESS COVE AT HEALTH PARK FLORIDA INC.: $64,885,000 series 2012 health care facilities revenue refunding bonds; negotiated; H.J. Sims & Co. (lead); proceeds to refund the authority's series 1997A and 2002A revenue bonds.

MAYO CLINIC (MINNESOTA): $300 million series 2012B taxable bonds (Aa2/AA/); negotiated; Bank of America Merrill Lynch and Wells Fargo Securities LLC (lead); bonds due Nov. 15, 2043; proceeds for eligible corporate purposes.

MOBILE COUNTY BOARD OF SCHOOL COMMISSIONERS (ALABAMA): $100.85 million series 2012 capital outlay school warrants (/AA-/); negotiated; Gardnyr Michael Capital Inc. (lead); warrants due 2013 to 2042; proceeds to acquire and construct 2012 school projects within the county.

NEW MEXICO HOSPITAL EQUIPMENT LOAN COUNCIL/GERALD CHAMPION REGIONAL MEDICAL CENTER: $71,245,000 series 2012A hospital improvement and revenue refunding bonds (/BB/); negotiated; Jefferies & Co. (lead); proceeds to construct, improve, renovate and equip a new patient tower at the medical center and refund the medical center's series 2007A bonds.

NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY: $350 million series 2013 future tax secured bonds (Aa1/AAA/AAA); negotiated; TD Securities (USA) LLC (sole for 2013-4 bonds) and US Bancorp Inc. (sole for 2013A-5, 2013A-6 and 2013A-7 bonds); bonds due Aug. 1, 2039; proceeds to finance general capital needs for the city.

• $50 million series 2013A-4 tax-exempt subordinate adjustable-rate bonds

• $50 million series 2013A-5 tax-exempt subordinate adjustable-rate bonds

• $100 million series 2013A-6 tax-exempt subordinate adjustable-rate bonds

• $150 million series 2103A-7 tax-exempt subordinate adjustable-rate bonds

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.

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.

RHODE ISLAND STUDENT LOAN AUTHORITY: $111 million series 2012 taxable Libor floating-rate notes (/AA+(sf)/AAA(sf)); negotiated; Bank of America Merrill Lynch (lead); notes due July 1, 2031; proceeds to acquire a portfolio of student loans.

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.

TAMPA (FLORIDA): $126 million series 2012A refunding and capital improvement cigarette tax allocation bonds (A1/A+/); negotiated; Bank of America Merrill Lynch and J.P. Morgan Securities LLC (lead); proceeds to construct, acquire, equip and renovate a multi-story clinical and research cancer center.

TEXAS: $155.41 million series 2012G water financial assistance general obligation bonds (Aaa/AA+/AAA); negotiated; Barclays (lead); Frost Bank, Jefferies & Co., M.R. Beal & Co. and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2013 to 2041; proceeds to finance loans to political subdivisions for water projects.

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.

UNIVERSITY OF ARKANSAS: $61,555,000 series 2012B various facility revenue bonds (Aa2); negotiated; Crews & Associates Inc. and Stephens Inc. (lead); bonds due 2013 to 2032 with term bonds due 2037 and 2042; proceeds to make improvements to the Fayetteville campus, including the renovation and equipment of Hotz Hall; the construction, acquisition, and equipment of a housing office; construction, equipment and acquisition of property for the Uptown campus; and the acquisition, construction and equipment of Founders Hall.

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