Municipal Calendar: New York State Thruway preps $1.1 billion deal

Week of June 25

ACTS RETIREMENT-LIFE COMMUNITIES OBLIGATED GROUP: $103,505,000 series 2012 revenue refunding bonds; negotiated; Ziegler Capital Inc. (lead); proceeds to refund existing debt sold for the obligated group by each of the authorities; pricing week of June 25.

• $13,085,000 series 2012 bonds through Palm Beach County Health Facilities Authority, Fla.

• $12,025,000 series 2012 bonds through Gainesville and Hall County Development Authority, Ga.

• $78,395,000 series 2012 bonds through Montgomery County Industrial Development Authority, Pa.

ALAMO COMMUNITY COLLEGE DISTRICT (TEXAS): $71,475,000 series 2012 limited tax refunding bonds (Aaa/AA+/); negotiated; Jefferies & Co. and Ramirez & Co. (lead); Citigroup Global Markets Inc., Frost Bank and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2033 to 2037; proceeds to refund the district's series 2007 and 2007A limited tax bonds; pricing week of June 25.

BOWDOIN COLLEGE (MAINE): $128.5 million series 2012 taxable bonds (Aa2); negotiated; Barclays Capital Inc. (lead); proceeds to finance capital needs of the college, as well as to refinance the college's series 2009A bonds; pricing week of June 25.

BRIDGEPORT (CONNECTICUT): $54,285,000 series 2012B general obligation refunding bonds (A1/A-/); negotiated; Raymond James/Morgan Keegan (lead); Siebert Brandford Shank & Co. LLC and William Blair & Co. Inc. (co-managers); bonds due 2012 to 2021; proceeds to refund the city's series 2001C G.O. bonds, 2002 G.O. refunding bonds and 2003 G.O. bonds; pricing week of June 25.

COACHELLA VALLEY UNIFIED SCHOOL DISTRICT (CALIFORNIA): $50 million election of 2005 series 2012D general obligation bonds (A1); negotiated; George K. Baum & Co. Inc. (lead); proceeds to finance a professional center and education complex, transportation hub and fueling station, K-12 sports complexes and additional modernization projects throughout the district; pricing week of June 25.

DENVER (COLORADO): $121.6 million series 2012 master resolution water refunding revenue bonds (Aa1//AAA); negotiated; J.P. Morgan Securities LLC (lead); proceeds to refund certain maturities of the Board of Water Commissioner's outstanding bonds for cost savings with no extension of maturity; pricing week of June 25.

• $112.9 million series 2012B bonds

• $8.7 million series 2012C bonds

EL PASO COUNTY (TEXAS): $110 million series 2012 certificates of obligation (//AA); negotiated; Ramirez & Co. Inc. (lead); proceeds to fund various public infrastructure and facility projects and procure technology and vehicles; pricing week of June 25.

FLORIDA ATLANTIC UNIVERSITY FINANCE CORP.: $53 million series 2012A capital improvement housing revenue bonds (A1//A+); negotiated; Bank of America Merrill Lynch (lead); bonds due 2014 to 2032 with term bonds due in 2037 and 2042; proceeds to construct, equip, acquire and design a new student housing facility for the university; pricing week of June 25.

FRESNO UNIFIED SCHOOL DISTRICT (CALIFORNIA): $82.4 million series 2012 general obligation refunding bonds (Aa3); negotiated; Citigroup Global Markets Inc. (lead); proceeds to refund a portion of the district's election of 2001 series D and E and series 2004A G.O. refunding bonds; pricing week of June 25.

• $49.9 million series 2012A bonds

• $32.5 million series 2012B bonds

KAHALA NUI CORP./DEPARTMENT OF BUDGET AND FINANCE OF THE STATE OF HAWAII: $76.78 million series 2012 special purpose senior living revenue refunding bonds (//BBB-); negotiated; Ziegler Capital Markets Inc. (lead); proceeds to refund the corporation's series 2003 revenue bonds, which were used to finance the construction of senior living facilities operated by the corporation; pricing week of June 25.

KING COUNTY (WASHINGTON): $150.28 million series 2012 sewer revenue and general obligation refunding bonds; negotiated; J.P. Morgan Securities LLC (lead); Citigroup Global Markets Inc. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to refund the county's series 2004A sewer revenue bonds and its series 2005 limited tax G.O. bonds; pricing week of June 25.

• $84,375,000 series 2012B sewer revenue refunding bonds (Aa2/AA+/) due 2026 to 2030 and 2033 to 2035

• $65,905,000 series 2012B limited tax general obligation refunding bonds (Aa1/AAA/) due 2026 to 2030 and 2032

LONG ISLAND POWER AUTHORITY (NEW YORK): $500 million series 2012 electric system general revenue bonds (Aa3); negotiated; Morgan Stanley & Co. LLC and Goldman, Sachs & Co. (lead); Bank of America Merrill Lynch, Barclays Capital Inc., J.P. Morgan Securities LLC, Wells Fargo Securities LLC, BMO Capital Markets, Citigroup Global Markets Inc., Jefferies & Co., M.R. Beal & Co., RBC Capital Markets LLC, Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC and TD Securities (USA) LLC (co-managers); proceeds to fund capital expenditures for the authority and to refund existing debt; pricing week of June 25.

• $250 million series 2012A bonds

• $250 million series 2012B bonds

NEW YORK STATE ENVIRONMENTAL FACILITIES CORP.: $311.9 million series 2012D clean water and drinking water revolving funds revenue bonds; negotiated; Jefferies & Co. and Estrada Hinojosa & Co. Inc. (lead); Bank of America Merrill Lynch, Blaylock Robert Van LLC, Fidelity Capital Markets LLC, Guggenheim Securities LLC, KeyBanc Capital Markets Inc., Mesirow Financial Inc., Prager & Co. LLC, RBC Capital Markets LLC, RBC Capital Markets LLC, Roosevelt & Cross Inc., The Williams Capital Group LP, Barclays Capital Inc., CastleOak Securities LP, George K. Baum & Co., Janney Montgomery Scott LLC, Lebenthal & Co. LLC, Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Rice Financial Products Co., Siebert Brandford Shank & Co. LLC, BNY Mellon Capital Markets LLC, Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Loop Capital Markets LLC, M.R. Beal & Co. Inc., Raymond James/Morgan Keegan, Rookfleet Financial Services Inc., Stifel, Nicolaus & Co. Inc. and Wells Fargo Securities LLC (co-managers); bonds due 2013 to 2028; proceeds to refund bonds issued to provide financial assistance to the authority for water pollution and drinking water projects; pricing week of June 25.

NEW YORK STATE THRUWAY AUTHORITY: $1,101,345,000 series I general revenue bonds (A1/A/); negotiated; Citigroup Global Markets Inc. and Siebert Brandford Shank & Co. LLC (lead); Bank of America Merrill Lynch, Goldman, Sachs & Co., RBC Capital Markets LLC, Jefferies & Co., KeyBanc Capital Markets LLC, Raymond James/Morgan Keegan, Ramirez & Co., Roosevelt & Cross Inc. and Wells Fargo Securities LLC (co-managers); bonds due 2013 to 2032 with term bonds due in 2037 and 2042; proceeds to provide funding for the authority's 2012-2015 Multi-Year Capital Program and to pay principal and interest on the authority's series 2011A general revenue bond anticipation notes; pricing week of June 25.

NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY/HIGH POINT UNIVERSITY: $61.17 million series 2012 educational facilities revenue bonds (/BBB+/); negotiated; BB&T Capital Markets and Wells Fargo Securities LLC (lead); bonds due 2013 to 2029 with term bonds due in 2031 and 2034; proceeds to finance the construction, acquisition and equipment of a new three-story residence hall, as well as to refund the university's series 2006, 2007 and 2008 revenue bonds and to repay a line of credit received in 2009; pricing week of June 25.

OREGON: $642,855,000 series 2012A full faith and credit tax anticipation notes (MIG 1/SP-1+/F1+); negotiated; Bank of America Merrill Lynch and Citigroup Global Markets Inc. (lead); J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (co-managers); notes due June 28, 2013; proceeds to finance general capital expenditures for the state ahead of the collection of certain taxes; pricing week of June 25.

RIVERSIDE COUNTY ASSET LEASING CORP. (CALIFORNIA): $87,995,000 series 2012 lease revenue bonds (A2/AA-/); negotiated; Bank of America Merrill Lynch (lead); De La Rosa & Co. Inc. and RBC Capital Markets LLC (co-managers); proceeds to refund the corporation's series 1997B lease revenue bonds; pricing week of June 25.

• $85.1 million series 2012A revenue bonds due 2013 to 2019 and 2027 to 2029

• $2,895,000 series 2012B taxable revenue bonds due 2019

SOUTHEASTERN OHIO PORT AUTHORITY/MEMORIAL HEALTH SYSTEM OBLIGATED GROUP: $146.2 million series 2012 hospital facilities revenue refunding and improvement bonds; negotiated; KeyBanc Capital Markets (lead); proceeds to finance capital improvements to various hospitals and clinics operated by the health system, as well as to refund and redeem existing revenue bonds; pricing week of June 25.

SPARTANBURG REGIONAL HEALTH SERVICES DISTRICT (SOUTH CAROLINA): $133,285,000 series 2012A hospital refunding revenue bonds; negotiated; Morgan Stanley & Co. LLC (lead); proceeds to refund the district's series 2002 and 2008B hospital refunding revenue bonds; pricing week of June 25.

TENNESSEE HOUSING DEVELOPMENT AGENCY: $133,865,000 series 2012 homeownership program bonds (Aa1/AA+/); negotiated Citigroup Global Markets Inc. (lead); Raymond James/Morgan Keegan, RBC Capital Markets LLC, J.P. Morgan Securities LLC, Wells Fargo Securities LLC and FTN Financial Capital Markets (co-managers); proceeds to finance mortgage loans for qualified Tennessee residents; pricing week of June 25.

• $28.04 million series 2012-1A AMT bonds due 2013 to 2017 with term bond due in 2038

• $15,825,000 series 2012-1B non-AMT bonds due 2018 to 2021

• $90 million series 2012-1C non-AMT bonds due 2022 to 2023 with term bonds due in 2027, 2029, 2037 and 2042

TEXAS A&M UNIVERSITY SYSTEM: $196,525,000 series 2012 permanent university fund bonds (Aaa/AAA/AAA); negotiated; J.P. Morgan Securities LLC (lead); Goldman, Sachs & Co., Bank of America Merrill Lynch, RBC Capital Markets, Loop Capital Markets LLC, Piper Jaffray & Co., Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC (co-managers); proceeds to refund a portion of the university's outstanding permanent university fund commercial paper notes and refund certain outstanding parity obligations secured by the available university fund share to achieve debt service savings; pricing week of June 25.

UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL: $127,025,000 series 2012C taxable general revenue refunding bonds (Aaa/AA+/AAA); negotiated; J.P. Morgan Securities LLC and Wells Fargo Securities LLC (lead); bonds due 2013 to 2027 with term bond due in 2033 proceeds to refund the university's series 2001A general revenue bonds and advance refund the university's series 2003 general revenue bonds; pricing week of June 25.

June 26

EL DORADO IRRIGATION DISTRICT (CALIFORNIA): $55.97 million series 2012 refunding revenue bonds (A1); negotiated; Citigroup Global Markets Inc. (lead); proceeds to refund a portion of the district's series 2003 certificates of participation; pricing June 26.

• $54,045,000 series 2012A bonds

• $1,925,000 series 2012B bonds

METROPOLITAN COUNCIL OF MINNEAPOLIS-ST. PAUL (MINNESOTA): $215.93 million series 2012F taxable general obligation wastewater revenue refunding bonds (Aaa/AAA/); competitive; Springsted Inc. (financial adviser); bonds due 2013 to 2022; proceeds to refund existing wastewater debt; pricing June 26.

PINELLAS COUNTY (FLORIDA): $61.92 million series 2012 sewer revenue refunding bonds (Aa2/AA-/AA); competitive; Public Resources Advisory Group Inc. (financial adviser); bonds due 2013 to 2031; proceeds to refund the county's series 2003 sewer revenue bonds; pricing June 26.

SALT LAKE COUNTY (UTAH): $50 million series 2012 tax and revenue anticipation notes (MIG 1); competitive; Zions Bank Public Finance (financial adviser); notes due Dec. 27, 2012; proceeds to finance general county expenses ahead of tax and revenue collections; pricing June 26.

SEATTLE (WASHINGTON): $350.56 million series 2012 municipal light and power improvement and revenue refunding bonds (Aa2/AA-/); competitive; Seattle Northwest Co. (financial adviser); proceeds to finance capital improvements to and conservation programs for the city's light system, finance capacity and efficiency improvements to the city's Boundary Hydroelectric Project and to refund the city's series 2002, 2003 and 2004 municipal light and power improvement and revenue refunding bonds; pricing June 26.

• $298.17 million series 2012A improvement and revenue refunding bonds due 2013 to 2018 and 2034 to 2041

• $9.39 million series 2012B taxable refunding revenue bonds due 2012 to 2014

• $43 million series 2012C clean renewable energy revenue bonds due 2028 to 2033

UNIVERSITY OF NORTH CAROLINA AT GREENSBORO: $59,085,000 series 2012 general revenue and refunding revenue bonds (Aa3); negotiated; Wells Fargo Securities LLC (lead); proceeds to finance capital improvements at the Greensboro campus and refund existing debt; pricing June 26.

• $51.7 million series 2012A bonds

• $7,385,000 series 2012B taxable refunding bonds

June 27

KAWEAH DELTA HEALTH CARE DISTRICT (CALIFORNIA): $77,355,000 series 2012 revenue and refunding bonds (A3); negotiated; Edward D. Jones & Co. LP and Wells Fargo Securities LLC (lead); Bank of America Merrill Lynch, Southwest Securities Inc. and Raymond James/Morgan Keegan (co-managers); bonds due 2013 to 2035 with term bonds due in 2037 and 2042; proceeds to construct, equip, acquire and renovate health care facilities operated by the district, as well as to refund its series 1999A, 2003B and 2004 revenue bonds; pricing June 27.

LOS ANGELES (CALIFORNIA): $1.2 billion series 2012 tax and revenue anticipation notes (//F1+); negotiated; Loop Capital Markets LLC (lead); proceeds to fund general capital expenditures for 2013 ahead of the collection of taxes and revenues; pricing June 27.

RHODE ISLAND HEALTH AND HIGHER EDUCATIONAL BUILDING CORP./BROWN UNIVERSITY: $127.44 million series 2012 higher education facilities revenue bonds (Aa1/AA+/); competitive; Public Financial Management Inc. and Yuba Group LLC (financial advisers); bonds due 2021 to 2022; proceeds to renovate existing Brown University facilities and refund existing notes; pricing June 27.

WASHINGTON HEALTH CARE FACILITIES AUTHORITY/PROVIDENCE HEALTH & SERVICES: $625 million series 2012 revenue bonds (Aa2/AA/AA); negotiated; Bank of America Merrill Lynch and Goldman, Sachs & Co. (lead for 2012A bonds); Bank of America Merrill Lynch (sole underwriter for 2012B bonds); proceeds to refund existing revenue bonds; pricing June 27.

• $525 million series 2012A bonds

• $100 million series 2012B bonds

June 28

METROPOLITAN TRANSPORTATION AUTHORITY (NEW YORK): $1 billion series 2012D transportation revenue refunding bonds; negotiated; Bank of America Merrill Lynch, Barclays Capital Inc. and Loop Capital Markets LLC (lead); Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Jefferies & Co., Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC, Wells Fargo Securities LLC, BB&T Capital Markets, Duncan-Williams Inc., Edward D. Jones & Co. LP, Fidelity Capital Markets Inc., First Southwest Co., M.R. Beal & Co., Piper Jaffray & Co., 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 existing transportation revenue bonds; pricing June 28.

NORTH TEXAS MUNICIPAL WATER DISTRICT: $358,835,000 of series 2012 water system revenue refunding and improvement bonds (Aa2/AAA/); competitive; First Southwest Co. (financial adviser); bonds due 2013 to 2032; proceeds to acquire, design and construct the extension of the Texoma Raw Water Pipeline to the Wylie Water Treatment Plant and to make other related improvements; pricing June 28.

On the Horizon

BELTON INDEPENDENT SCHOOL DISTRICT (TEXAS): $60 million series 2012 unlimited tax school building bonds; negotiated; Baird & Co. and Edward D. Jones & Co. LP (lead); Wells Fargo Securities LLC and RBC Capital Markets LLC (co-managers); bonds due 2014 to 2037; proceeds to build two new elementary schools and replace one middle school.

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.

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/BROOKLYN LAW SCHOOL: $60 million fixed-rate tax-exempt refunding bonds; proceeds to refund the law school's series 2003A-B 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.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/ST. JOHN'S UNIVERSITY: $112 million fixed-rate tax-exempt bonds; negotiated; Morgan Stanley & Co. LLC (lead); proceeds to refund certain maturities of the university's series 1998, 2001A and 2005A bonds and all of the university's series 2008A variable-rate 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 (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.

KATY INDEPENDENT SCHOOL DISTRICT (TEXAS): $115 million series 2012C variable-rate refunding bonds (Aaa/AAA/); negotiated; Bank of America Merrill Lynch and Jefferies & Co. (lead); Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Southwest Securities Inc. and Wells Fargo Securities LLC (co-managers); bonds due Aug. 15, 2036; proceeds to refund the district's series 2004C variable-rate unlimited tax school building 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.

PORTLAND (OREGON): $73.7 million series 2012 River District urban renewal and redevelopment bonds (A1); negotiated; Bank of America Merrill Lynch and Citigroup Global Markets Inc. (lead); Wells Fargo Securities LLC (co-manager); proceeds to pay the outstanding balance on lines of credit established to provide interim financing for projects in the River District not eligible for tax-exempt financing, to fund the reserve requirement and refund the city's series 2003A tax-exempt River District urban renewal and redevelopment bonds.

• $24.27 million series 2012A taxable bonds due 2013 to 2026

• $33,645,000 series 2012B tax-exempt bonds due 2015 to 2032

• $15,785,000 series 2012C tax-exempt non-AMT private activity bonds due 2026 to 2031

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.

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT (CALIFORNIA): $100 million series 2012 general obligation refunding bonds (Aa3/A+/A+); negotiated; Piper Jaffray & Co. and De La Rosa & Co. Inc. (lead); proceeds to refund the school district's series 2000C and 2002A-C G.O. bonds.

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