Municipals Calendar: Chicago plans $553.69 million

MARCH 31 WEEK

CLARK UNIVERISTY/MASSACHUSETTS DEVELOPMENT FINANCE AGENCY: $50.3 million series 2008 variable-rate bonds (Aaa); weekly rate; negotiated; UBS Investment Bank; proceeds to refund series 2000, 2002A and 2002B bonds, pay the termination fee on a swap for the series 2002A bonds and fund renovations of the Goddard Library; pricing week of March 31.

METROPOLITAN SEWERAGE DISTRICT OF BUNCOMBE COUNTY, N.C.: $33.635 million series 2008A revenue refunding bonds (Aa3/AA/AA); weekly rate; negotiated; Banc of America Securities; due July 1, 2031; proceeds to refund outstanding series 2004 revenue bonds and series 2005 revenue refunding bonds; pricing March 31.

April 1

AMERICAN MUNICIPAL POWER-OHIO INC.: $450 million revenue bond anticipation notes (MIG1); bonds have one-year term; proceeds to refund $204 million in commercial paper notes and fund a $248 million Prairie State Project obligation through March 15, 2009; pricing April 1.

FRIENDSWOOD INDEPENDENT SCHOOL DISTRICT (TEXAS): $99.465 million series 2008 unlimited tax schoolhouse bonds (A1/A+/); negotiated; RBC Capital Markets and Coastal Securities (lead); Southwest Securities, Edward Jones, Wachovia Bank and UBS Investment Bank (co-managers); bonds due 2013 to 2037; proceeds to construct, acquire and equip school buildings and purchase school building sites; pricing April 1.

GRAND VALLEY STATE UNIVERSITY BOARD OF TRUSTEES: $103.68 million series 2008A general revenue refunding bonds (/AAA/); negotiated; NatCity Investments Inc. (lead); due 2008 to 2023 with term bonds due 2028 and 2033; proceeds to refund 2001B bonds, 2002 bonds, 2003 bonds, 2004 bond and 2007 bonds; pricing April 1.

HIDALGO COUNTY DRAINAGE DISTRICT NO. 1 (TEXAS): $72 million series 2008 unlimited tax improvement bonds; competitive; due 2010 through 2028; proceeds for drainage improvements and to acquire rights of way; pricing April 1.

HOWARD HUGHES MEDICAL INSTITUTE (THROUGH MARYLAND ECONOMIC DEVELOPMENT CORP.): $76.5 million refunding bonds series 2008B; negotiated; Lehman Brothers; proceeds to refund existing debt from series 1990 bonds; pricing April 1.

ILLINOIS STATE UNIVERSITY: $21.815 million series 2008 certificates of participation (A2); competitive; proceeds for new student fitness and kinesiology and recreation center, as well as power plant; pricing April 1.

JUDSON INDEPENDENT SCHOOL DISTRICT (TEXAS): $71.32 million series 2008 unlimited tax school building bonds (A1//A+); negotiated; RBC Capital Markets (lead); bonds due 2009 to 2037; proceeds to construct a replacement high school and elementary school, technology and renovations at district schools; pricing April 1.

MCG HEALTH INC./RICHMOND COUNTY DEVELOPMENT AUTHORITY: $85 million series 2008A revenue bonds (Aaa/VMGI1); negotiated; UBS Investment Bank; bonds bear interest at weekly rate; pricing April 1.

MIDDLEBURY COLLEGE/VERMONT EDUCATIONAL AND HEALTH BUILDINGS FINANCING AGENCY: $55.26 million series 2008 bonds (Aa2/VMIG 1); competitive; Goldman, Sachs & Co.; due Nov. 1, 2026; proceeds to refund series 2006B auction-rate bonds; pricing April 1.

NEW JERSEY: $300 million series 2008A certificates of participation (A1): proceeds to finance the purchase of locomotives and railcars to be subleased to New Jersey Transit and to capitalize interest through Dec. 15, 2009; pricing April 1.

OAKBEND MEDICAL CENTER (RICHMOND, TEXAS): $75 million series 2008 variable-rate hospital bonds (A1/VMIG 1); negotiated; Morgan Keegan & Co.; proceeds for new construction and to refund old debt; pricing April 1.

PARADISE VALLEY UNIFIED SCHOOL DISTRICT NO. 69 (ARIZONA): $77.2 million school improvement and refunding bonds (AA-); negotiated; Piper Jaffray (lead); proceeds to construct elementary school, conduct capital improvements and refund a portion of district's outstanding bonds; pricing April 1.

PENNSYLVANIA STATE UNIVERSITY: $83.075 million higher education revenue bonds (Aa2); negotiated; Lehman Brothers (lead); proceeds to refund series 1997B fixed-rate bonds for interest savings, to reimburse university for capital expenses and finance capital projects; pricing April 1.

• $75.16 million series 2008A

• $7.915 million series 2008B

PURDUE UNIVERSITY (INDIANA): $50 million public higher education commercial paper (P-1//); competitive; John S. Vincent & Co. is financial advisor; proceeds to provide temporary financing or refinancing of costs related to capital projects on campuses; pricing April 1.

WACO EDUCATION FINANCE CORP./BAYLOR UNIVERSITY (TEXAS): $115 million series 2008C tax-exempt fixed-rate bonds (/AA-/AA-); negotiated; Lehman Brothers (lead); JPMorgan (co-manager); bonds due 2009 to 2018 with term bonds due 2028 and 2036; proceeds to refund series 2002A bonds; pricing April 1.

APRIL 2

CHICAGO: $553.69 million series 2008 senior-lien water revenue project and refunding bonds (A1/AA-/); negotiated; UBS Investment Bank (lead); M.R. Beal & Co., Cabrera Capital Markets, Gardner Rich & Co. and Morgan Stanley (co-managers); bonds due 2009 to 2028 with term bonds due 2033 and 2038; proceeds for improvements and extensions to water system and retirement of water revenue bonds and commercial paper; pricing April 2.

COUNTY OF CHESTERFIELD (VIRGINIA): $74.48 million series 2008 general obligation public improvement bonds; competitive; serial structure from 2009 to 2028; proceeds for public improvements projects throughout the county; pricing April 2.

MASSACHUSETTS HEALTH & EDUCATIONAL FACILITIES AUTHORITY/STONEHILL COLLEGE: $68.76 million series 2008K variable-rate demand private college revenue bonds (A2//); negotiated; Banc of America Securities (lead); proceeds to refund outstanding series 1998G, 2006I and 2006J bonds; pricing April 2.

OAKLAND JOINT POWERS FINANCING AUTHORITY (CALIFORNIA): $130.6 million lease revenue refunding bonds (A2); proceeds to refund the 2005 series A-1 and A-2 auction-rate revenue bonds; pricing April 2.

• $110.3 million series 2008A-1 tax-exempt bonds

• $20.3 million series 2008A-2 bonds

UNIVERSITY OF MIAMI/MIAMI-DADE COUNTY EDUCATIONAL FACILITIES AUTHORITY: $340 million series 2008A and B revenue bonds (A2); negotiated; Morgan Stanley; proceeds to refund a bank credit facility used to finance the acquisition of Cedars Medical Center and various capital improvements; pricing April 2.

APRIL 3

ANNE ARUNDEL COUNTY (MARYLAND): $87.2 million series 2008 general obligation bonds (Aaa//); competitive; consolidated general improvement bonds due 2009 to 2028 and consolidated water and sewer bonds due 2009 to 2036; proceeds for county capital projects, water and wastewater projects and refund series A bond anticipation notes and series B water and sewer bonds; April 3.

JOHNSON COUNTY (KANSAS): $98.425 million bonds; competitive; pricing April 3.

NEVADA: $131.975 million series 2008 motor vehicle fuel tax highway improvement revenue bonds; competitive; serial maturities from 2011 through 2025; proceeds to fund state highway construction projects; pricing April 3.

PORTLAND (OREGON): $554.12 million series 2008A and 2008B first lien sewer system refunding and revenue bonds (Aa3/AA-/); competitive; due June 15, 2009 to June 15, 2023; maximum TIC and coupon of 6%; proceeds for sewer system improvements, refunding of 1998A bonds, refunding of 2003B second lien sewer system revenue bonds and for contribution to reserve account; pricing April 3.

• $339.89 million series 2008A bonds

• $214.23 million series 2008B bonds

APRIL 7 WEEK

CLEVELAND PUBLIC POWER SYSTEM: $100 million series 2008A revenue bonds (A2); fixed-rate refunding; proceeds to finance a distribution system expansion program; pricing week of April 7.

April 7

BRANDEIS UNIVERSITY/MASSACHUSETTS DEVELOPMENT FINANCE AGENCY: $62.5 million series M variable-rate demand revenue bonds (Aa3//); negotiated; Lehman Brothers (lead); proceeds to refund series L auction-rate bonds; pricing April 7.

UNIVERSITY OF SOUTH CAROLINA: $66.68 million series 2008A public university revenue bonds (Aa3//); negotiated; Lehman Brothers (lead); proceeds to construct honors college dormitory at Columbia, S.C., campus, pay for land acquisition and construct a student housing facility; pricing April 7.

April 8

NORFOLK (VIRGINIA): $58.515 million series 2008 water revenue bonds (A1/AA+/AA); competitive; Public Financial Management (FA); maturities from 2009 to 2038; proceeds to finance improvements to the city's water system; pricing April 8.

April 9

ROSEVILLE/SOUTH PLACER WASTEWATER AUTHORITY (CALIFORNIA): $165.85 million variable-rate demand refunding wastewater revenue bonds; remarketing; Morgan Stanley & Co.; proceeds to refund series 2003 auction rate bonds and series 2000A and 2000B revenue bonds; pricing April 9.

• $73 million series 2008A bonds

• $92.85 million series 2008B bonds

April 10

STATE PUBLIC WORKS BOARD (CALIFORNIA): $58 million bonds; various projects; pricing April 10.

APRIL 14 WEEK

PHILADELPHIA: $203.8 million series 2008A general obligation refunding bonds (//BBB+); negotiated; proceeds to refund outstanding series 2003B-1 and series 2003B-2 general obligation bonds; pricing week of April 14.

April 15

DICKINSON INDEPENDENT SCHOOL DISTRICT (GALVESTON COUNTY, TEXAS): $60 million series 2008 unlimited tax schoolhouse bonds (A3/A-); negotiated; Southwest Securities (lead); RBC Capital Markets, Coastal Securities, Banc of America Securities, Estrada Hinojosa & Co., UBS Investment Bank (co-managers); proceeds for construction, acquisition and equipment of schools, the purchase of sites for school buildings and for the acquisition of new school buses; pricing April 15.

PIMA COUNTY (ARIZONA): $75 million series 2008 sewer revenue bonds (A1//); competitive; proceeds to finance sewer system improvements, including pipe rehabilitation and treatment plant expansion; pricing April 15.

PORT NECHES-GROVES INDEPENDENT SCHOOL DISTRICT (TEXAS): $60 million series 2008 unlimited tax school building bonds; competitive; serial structure from 2009 to 2033; proceeds to acquire, construct, equip and renovate school buildings; pricing April 15.

TEMPLE UNIVERSITY (PENNSYLVANIA): $120 million series 2008 public higher education revenue bonds (MIG1//); competitive; proceeds to refinance university's series 2007 university funding obligations; pricing April 15.

UNIVERSITY OF THE SCIENCES/PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY: $62.4 million series 2008 revenue bonds (A3//); negotiated; UBS Securities (lead); proceeds to refund series 2005B and 2006 auction-rate bonds; pricing April 15.

April 22

ARIZONA: $239 million series 2008A certificates of participation (A1//); competitive; proceeds for capital projects on state's prisons and forensic facilities; pricing April 22.

April 30

METROPOLITAN SEWERAGE DISTRICT OF BUNCOMBE COUNTY, N.C.: $22.165 million series 2008B revenue refunding bonds (Aa3/AA/AA); weekly rate; negotiated; Banc of America Securities; due July 1, 2029; proceeds to refund outstanding series 2004 revenue bonds and series 2005 revenue refunding bonds; pricing April 30.

MARCH

INDUSTRIAL DEVELOPMENT BOARD OF MOBILE (Ala.): $246.5 million pollution control revenue bonds (A2/A); remarketing; Morgan Keegan & Co. (lead); mature June 1, 2034; pricing mid-March.

• $86.5 million series 2007-A bonds

• $80 million series 2007-B bonds

• $80 million series 2007-C bonds

PIMA COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (ARIZONA)/TUCSON ELECTRIC POWER CO.: $125.074 million series 2008A variable-rate industrial development revenue bonds; negotiated; Morgan Stanley and JPMorgan (lead); BNY Capital Markets and Wachovia Securities (co-managers); due 2029; proceeds to redeem the authority's 1997B and 1997C revenue bonds.

UNIVERSITY OF OKLAHOMA HEALTH SCIENCES CENTER: $75 million in tax-exempt and taxable bonds; proceeds for new cancer research center; pricing expected in March or April.

APRIL

HOWARD HUGHES MEDICAL INSTITUTE: $76.5 million series 2008B refunding bonds; negotiated; Lehman Brothers (lead); proceeds to refund existing debt on the headquarters from the institute's 1990 bonds; pricing expected in April.

KENT HOSPITAL FINANCE AUTHORITY/SPECTRUM HEALTH (MICHIGAN): $227.32 million revenue refunding bonds (Aa3/AA/); negotiated; Citigroup Global Markets (lead); includes 2008A-1, 2008A-2, 2008A-3 and 2008A-4 bonds; proceeds to refund series 2001B and 2007 bonds.

REGENTS OF THE UNIVERSITY OF CALIFORNIA: $324 million medical center pooled revenue bonds; pricing expected in April.

ON THE HORIZON

ASCENSION HEALTH/HEALTH AND EDUCATIONAL FACILITIES AUTHORITY OF MISSOURI: $102.05 million series 2008C revenue bonds (Aa1/AA/AA+); negotiated; Citigroup Global Markets and Morgan Stanley; to bear interest at long-term rate; bonds to be issued in exchange for correlating number of series 2003 bonds from Missouri issuers; pricings may occur April 11, April 18 and May 9.

ASCENSION HEALTH/INDIANA FINANCE AUTHORITY: $224.175 million series 2008E revenue bonds; negotiated; Citigroup Global Markets and Morgan Stanley; bonds issued in exchange for correlating number of series 2003 bonds from Indiana issuers; pricings may occur April 11, April 18 and May 9.

DEVELOPMENT AUTHORITY OF RICHMOND COUNTY/MCGHEALTH (GEORGIA): $135 million series 2008A (Aaa/AA/-) and 2008B revenue bonds (Aa1/A+/-); negotiated; UBS Investment Bank; proceeds to finance costs of acquisition and construction on the Augusta, Ga., medical campus.

• $85 million series 2008A bonds

• $50 million series 2008B bonds

FAIRFIELD, CONN.: $51.115 million 2008 refunding bonds; negotiated; William Blair (lead); serial structure from 2010 to 2023; proceeds refund city's 2003A and 2003B bonds.

FLORIDA BOARD OF EDUCATION: $315.4 million series 2008A State Board of Education lottery revenue bonds (AA+); competitive; proceeds for school construction and renovation of schools; 18-hour notice.

FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION: $278 million series 2008A Florida forever revenue bonds; competitive; 18-hour notice.

FLORIDA: $110 million series 2008A Everglades restoration revenue refunding bonds; competitive; pricing on an 18-hour notice; 18-hour notice.

HARRIS COUNTY HEALTH FACILITIES DEVELOPMENT CORP. (TEXAS): $230.06 million series 2008 thermal utility revenue bonds (Aa3/AA-/); negotiated; RBC Capital Markets (lead); JPMorgan, Siebert Brandford Shank & co. and Merrill Lynch & Co.; proceeds will be loaned to the Texas Medical Center Central Heating and Cooling Services Corp. to construct first-phase projects for the corporation and fund capitalized interest.

HEALTH AND EDUCATIONAL FACILITES BOARD OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY/VANDERBILT UNIVERSITY (TENNESSEE): $353.31 million series 2008A, 2008B and 2008C revenue refunding bonds (Aa2AA/AA); negotiated; Merrill Lynch & Co. (lead); Goldman, Sachs & Co. and J.P. Morgan Securities (co-managers); proceeds to retire commercial paper and refund series 1997A and series 1998A revenue refunding bonds.

HOUSTON INDEPENDENT SCHOOL DISTRICT (Texas): $385.4 million series 2008 limited tax schoolhouse bonds; negotiated; Merrill Lynch & Co. (lead); serial maturities from 2012 through 2033; proceeds to construct, equip and acquire school buildings and sites.

INDIANAPOLIS: $166.445 million second-lien multi-modal revenue refunding bonds; negotiated; Morgan Stanley (lead); 2008A bonds due 2030 and 2008B bonds due 2027; proceeds to refund series 2001B multi-modal bonds.

• $56.255 million series 2008A bonds

• $56.195 million series 2008B bonds

INDIANAPOLIS: $53.995 million fixed-rate bonds; negotiated; Morgan Stanley (lead); 2008A bonds due 2025 and 2008B bonds due 2023; proceeds refund 2001B multi-modal bonds.

• $26.995 million series 2008A

• $27 million series 2008B

LANCASTER PORT AUTHORITY (OHIO): $348.25 million gas supply variable-rate revenue bonds (Aaa/VMIG1); negotiated; RBC Capital Markets (lead); due 2038; proceeds to prepay a 30-year gas supply to the authority, make scheduled interest rate swap payments and make a deposit to a debt service reserve fund.

MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY: $141.235 million series M Boston College Issue revenue bonds (Aa3/AA-); negotiated; Lehman Brothers (lead); due from 2023 to 2028 with term bonds due 2030 and 2035; proceeds for renovations on campus, the construction of administrative building and construction of stairs at a campus building.

MESA UNIFIED SCHOOL DISTRICT NO. 4 (MARICOPA COUNTY, ARIZ.): $50 million school improvement bonds (Aa3/AA-/); negotiated; RBC Capital Markets (lead); series 2008C bonds due 2009 and 2013 through 2017; proceeds for school improvements and bus purchases

PALM BEACH COUNTY SCHOOL BOARD: $112.7 million series 2007B certificates of participation; remarketing; Bear, Stearns & Co.; certificates issued in March 2007 to finance the acquisition and construction of facilities.

PIEDMONT TRIAD AIRPORT AUTHORITY (NORTH CAROLINA): $98.115 million variable-rate airport revenue bonds and airport revenue refunding bonds; negotiated; Banc of America Securities (lead); 2008A bonds reset at weekly rate and 2008B bonds bear interest at a long-term rate; 2008A bonds due 2032 and 2008B bonds due 2029; proceeds for capital improvements, runway developments and to repay variable-rate bonds issued in 2004.

SAN BERNARDINO, CALIF.: $160.04 million pension obligation refunding bonds; negotiated; Goldman, Sachs & Co. (lead); proceeds to refund series 2004B pension obligation bonds.

SAN FRANCISCO CITY AND COUNTY AIRPORT COMMISSION: $169.5 million 34A-C senior-lien variable-rate revenue refunding bond, $255 million 34D-E senior-lien fixed-rate revenue refunding bonds, $110 million 34F-G senior-lien variable-rate revenue refunding bonds (A); timing not set.

SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY: $140.11 million Natural Gas Project A 2008 taxable revenue bonds for Anaheim, Burbank and Colton; proceeds to refinance each city's share of natural gas project acquisition and development costs through redemption of authority's draw-down revenue bonds issued as a short-term financing for the project;

• $80.36 million Natural Gas Project A 2008 taxable revenue bonds for City of Anaheim

• $43.275 million Natural Gas Project A 2008 taxable revenue bonds for City of Burbank

• $16.475 million Natural Gas Project A 2008 taxable revenue bonds for City of Colton

SOUTH CAROLINA PUBLIC SERVICE AUTHORITY (SANTEE COOPER): $93.155 million revenue obligation bonds; negotiated; Goldman, Sachs & Co. (lead), Citigroup Global Markets; Bear, Stearns & Co.; Merrill Lynch & Co.; and Morgan Stanley (co-managers); proceeds will be used to refund series 1997 A refunding bonds.

UNIVERSITY OF OKLAHOMA HEALTH SCIENCES CENTER: $100 million tax-exempt and taxable bonds; proceeds for new cancer research center; pricing expected in late spring or early summer.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.