Municipal Calendar: Washington to price $703.27 million G.O. refunding bonds

Week of July 30

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; pricing week of July 30.

JEA (FLORIDA): $134,955,000 series three 2012B electric system revenue bonds (Aa2/AA-/AA-); negotiated; Citigroup Global Markets Inc. (lead); Bank of America Merrill Lynch, Barclays Capital Inc., BMO Capital Markets LLC, Goldman, Sachs & Co., Jefferies & 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 redeem the authority's series 2003A, 2005A, 2005D, 2006A and 2007C revenue bonds; pricing week of July 30.

METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY (TENNESSEE): $290 million 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; pricing week of July 30.

• $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

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; pricing week of July 30.

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; pricing week of July 30.

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

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

TRIBOROUGH BRIDGE AND TUNNEL AUTHORITY (NEW YORK): $1.15 billion series 2012B general revenue refunding bonds; negotiated; Goldman, Sachs & Co. (lead); Citigroup Global Markets Inc., M.R. Beal & Co., Piper Jaffray & Co., Bank of America Merrill Lynch, Barclays Capital Inc., Jefferies & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC, Wells Fargo Securities LLC, BB&T Capital Markets Inc., Duncan-Williams Inc., Edward D. Jones & Co. LP, Fidelity Capital Markets LLC, FirstSouthwest Co., Loop Capital Markets LLC, 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 the authority's series 2002B general revenue bonds; pricing week of July 30.

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

WASHINGTON: $85.39 million series 2012B certificates of participation (Aa2); competitive; SDM Advisors Inc. (financial adviser); COPs due 2013 to 2032; proceeds to acquire real and personal property and construct projects for state community and technical colleges; pricing Aug. 7.

STATE OF WASHINGTON: $703.27 million of general obligation refunding bonds (Aa1/AA+/AA+); competitive; Montague DeRose and Associates, LLC and Seattle-Northwest Securities Corp. (financial advisors); maturity in January 2013 and have serial maturities from 2016 through 2030; proceeds to refund outstanding general obligation bonds; pricing on Aug. 7.

• $338,725,000 of series R-2013A various purpose G.O. refunding bonds

• $364,545,000 of series R-2013B motor vehicle fuel tax G.O. refunding bonds

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

CHICAGO/CHICAGO O'HARE INTERNATIONAL AIRPORT: $729.04 million series 2012 general airport senior-lien revenue refunding bonds (A2/A-/A-); negotiated; Barclays Capital Inc. (lead); Bank of America Merrill Lynch and Loop Capital Markets LLC (co-lead managers); Blaylock Robert Van LLC, Cabrera Capital Markets LLC, Estrada Hinojosa & Co. LLC, Lebenthal & Co. Inc., M.R. Beal & Co. Inc., Piper Jaffray & Co., PNC Capital Markets LLC and Raymond James/Morgan Keegan (co-managers); proceeds to redeem all of the airport's outstanding second-lien bonds and certain maturities of its senior lien bonds, as well as to repay the airport's commercial paper notes.

• $445.91 million series 2012A AMT bonds

• $251 million series 2012B AMT bonds

• $32.13 million series 2012C non-AMT bonds

CHICAGO/CHICAGO O'HARE INTERNATIONAL AIRPORT: $443.34 million series 2012 passenger facility charge revenue refunding bonds (A2/A-/A); negotiated; Citigroup Global Markets Inc. (lead); Wells Fargo Securities LLC, Loop Capital Markets LLC, Backstrom McCarley Berry & Co. LLC, BNY Mellon, Gardner Rich, Jackson Securities LLC, J.P. Morgan Securities LLC, Oppenheimer & Co. Inc., Rockfleet and Touissant Capital Partners (co-managers); proceeds to refund existing passenger facility charge bonds.

• $113.71 million series 2012A non-AMT bonds due 2013 to 2027 with term bond due in 2032

• $329.63 million series 2012B AMT bonds due 2013 to 2027 with term bond due in 2032

COOK COUNTY (ILLINOIS): $100 million series 2012 sales tax revenue bonds (/AAA/); negotiated; Wells Fargo Securities LLC and Rice Financial Products Co. (lead); J.P. Morgan Securities LLC, Ramirez & Co. Inc., BMO Capital Markets LLC, George K. Baum & Co. and PNC Capital Markets LLC (co-managers); bonds due 2013 to 2037; proceeds to finance surface transportation and highway improvements within the county.

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 LOAN COUNCIL: $59.56 million series 2012 infrastructure improvement revenue bonds; negotiated; Wells Fargo Securities LLC and Oppenheimer & Co. Inc. (lead); proceeds to partially finance the design and construction of State Road 9B between Interstate 95 and U.S. Route 1 in Duval County, Fla.

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.

INDIANA FINANCE AUTHORITY: $137,545,000 series 2012B state revolving fund program bonds; negotiated; Goldman, Sachs & Co. and Jefferies & Co. (lead); Bank of America Merrill Lynch, CastleOak Securities LP, J.J.B. Hilliard, W.L. Lyons LLC and RBC Capital Markets LLC (co-managers); bonds due 2013 to 2031; proceeds to provide loans for eligible projects throughout the state.

INDIANA FINANCE AUTHORITY/CWA AUTHORITY INC.: $188,275,000 of series 2012 first lien wastewater utility revenue bonds (A1/AA/); negotiated; Morgan Stanley & Co. LLC (lead); City Securities Corp., J.P. Morgan Securities LLC and Wells Fargo Securities LLC (co-managers); proceeds to fund improvements to the wastewater system and repay draws made on the Wells Line.

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.

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

MILPITAS UNIFIED SCHOOL DISTRICT (CALIFORNIA): $55 million election of 2012 series A general obligation bonds (Aa2/AA-/); negotiated; Piper Jaffray & Co. (lead); proceeds to construct, equip, design and furnish district properties.

MINNESOTA HOUSING FINANCE AGENCY: $50 million series 2012A non-AMT homeownership finance bonds; negotiated; RBC Capital Markets LLC, Morgan Stanley & Co. LLC and Piper Jaffray & Co. (lead); bonds due Sept. 1, 2042; proceeds to finance housing loans to qualified Minnesota residents.

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.

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.

SEMITROPIC IMPROVEMENT DISTRICT OF SEMITROPIC WATER STORAGE DISTRICT (KERN COUNTY, CALIFORNIA): $84.2 million of water banking revenue refunding bonds (/A+/AA-); negotiated; Wells Fargo Securities LLC; proceeds to refund and defease outstanding obligations.

• $72 million of series 2012A bonds

• $12.2 million of series 2012B bonds.

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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