Municipals Calendar: Dormitory Authority preps $762 million deal

WEEK OF JULY 11

HONOLULU (HAWAII): $312.79 million series 2011 general obligation bonds (Aa1//AA+); negotiated Bank of America Merrill Lynch and Piper Jaffray & Co. (lead); series 2011A bonds due 2016 to 2036; 2011B bonds due 2016 to 2027; proceeds to fund capital improvement projects and refund city's series 1993A-C, 1994A, 2001A, 2003A, 2004A, 2005A and 2007A bonds; pricing week of July 11.

• $137.645 million series 2011A bonds

• $175.145 million series 2011B bonds

INDIANA UNIVERSITY: $96 million series U student fee bonds (Aaa/AA+/); negotiated; Barclays Capital Inc. (lead); City Securities Corp. and Cabrera Capital Markets LLC (co-managers); proceeds to construct, acquire and equip a neurosciences building at the Indianapolis campus, purchase land at the South Bend campus and refund debt; pricing week of July 11.

TRUST FOR CULTURAL RESOURCES OF THE CITY OF NEW YORK: $125 million series 2011 revenue bonds (/A/A) negotiated; Morgan Stanley & Co. Inc.; bonds due 2017 to 2026 with term bond due July 1, 2031; proceeds to construct, improve, furnish and equip a 220,000 square-foot building in Lower Manhattan to house the museum's main facility for exhibition space, a conservatory, an auditorium and education and studio spaces; pricing week of July 11.

WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY: $108.47 million series 2011A correctional, juvenile and public safety facilities lease revenue refunding bonds (Aa2); negotiated; Bank of America Merrill Lynch (lead); Crews & Associates Inc. and Raymond James & Associates Inc. (co-managers); bonds due 2012 to 2026; proceeds to refund authority's series 2002A-B lease revenue bonds; pricing week of July 11.

JULY 13

CHARLESTON COUNTY (SOUTH CAROLINA) $241.775 million series 2011 general obligation refunding and capital improvement transportation sales tax bonds (Aaa/AAA/); competitive; Davenport & Co. LLC (financial adviser) bonds due 2011 to 2029; proceeds to construct, acquire and design road and greenbelt projects; pricing July 13.

CHARLESTON COUNTY (SOUTH CAROLINA) $53.6 million series 2011 general obligation refunding and capital improvement bonds (Aaa/AAA/); competitive; Davenport & Co. LLC (financial adviser); bonds due 2011 to 2031 proceeds to defray a portion of costs of constructing and acquiring nursing school facilities at the Trident Technical College and the costs of acquiring, equipping, constructing and furnishing the Charleston County Law Enforcement Center, as well as to advance refund the county's series 2007 G.O. bonds; pricing July 13.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $762.715 million series 2011 state personal income tax revenue bonds (/AAA/AA); negotiated; Wells Fargo Securities LLC and Barclays Capital Inc. (lead); Blaylock Robert Van LLC, Jackson Securities Inc., Raymond James & Associates Inc., BB&T Capital Markets LLC, Duncan-Williams Inc., Jefferies & Co., Morgan Stanley & Co. Inc., Rice Financial Products Co., Sterne, Agee & Leach Inc., Bank of America Merrill Lynch, Fidelity Capital Markets Services Inc., Loop Capiotal Markets LLC, M.R. Beal & Co. Inc., Roosevelt & Cross Inc., Citigroup Global Markets Inc., Janney Montgomery Scott LLC, Morgan Keegan & Co. Inc., RBC Capital Markets LLC, Southwest Securities Inc. and Stifel, Nicolaus & Co. Inc. (co-managers); proceeds to finance capital projects at the State University of New York and fund grants under the Expanding Our Children's Education and Learning program; pricing July 13.

• $717.945 million series 2011C tax-exempt bonds

• $44.77 million series 2011D taxable bonds

JULY 14

ALEXANDRIA (VIRGINIA): $69.95 million series 2011 capital improvement general obligation bonds (Aaa/AAA/); competitive; Davenport & Co. LLC (financial adviser) bonds due 2012 to 2031; proceeds to to finance capital improvement projects, including public school projects, city parks and buildings, transportation improvements, capital contributions to the Washington Metropolitan Area Transit Authority, infrastructure improvements and maintenance and upgrades to traffic control and information technology; pricing July 14.

FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY (VIRGINIA): $95.02 million series 2011 Wiehle Avenue Metrorail Station Parking project revenue bonds (Aa2/AA+/); competitive; Public Financial Management Inc. (financial adviser); bonds due 2015 to 2034; proceeds to finance or reimburse the costs of constructing a parking area in Reston, Va., for the Dulles Corridor of the Washington Area Metropolitan Transit Authority's Metrorail system; pricing July 14.

WEEK OF JULY 18

JULY 19

LOS ANGELES (CALIFORNIA): $117 million series 2011A general obligation bonds (Aa3/AA-/AA-); competitive; Public Resources Advisory Group and Acacia Financial Group Inc. (financial advisers); bonds due 2012 to 2031; proceeds to fund storm water pollution abatement projects; pricing July 19.

JULY 20

WASHINGTON STATE: $741.93 million series 2012 general obligation bonds (Aa1/AA+/AA+); competitive (for 2012A, 2012B-1 and 2012T); Montague DeRose & Associates LLC (financial adviser); negotiated (for 2012B-2); J.P. Morgan Securities LLC (lead); 2012A bonds due 2014 to 2036; 2012B-1 and 2012B-2 bonds due 2012 to 2041; 2012T bonds due 2012 to 2014; proceeds to pay or reimburse the state for various capital projects, state buildings and higher education institutions and Columbia River Basin water supply development, farmland preservation, riparian protection and outdoor recreation, as well as state and local highway improvements; pricing July 20.

• $390.84 million series 2012A various purpose G.O. bonds

• $323.215 million series 2012B-1 motor vehicle fuel tax G.O. bonds

• $27.875 million series 2012T taxable G.O. bonds

JULY 21

LOS ANGELES (CALIFORNIA): $380.01 million series 2011B general obligation refunding bonds (Aa3/AA-/AA-); competitive; Public Resources Advisory Group and Acacia Financial Group Inc. (financial advisers); bonds due 2012 to 2023; proceeds to refund existing debt; pricing July 21.

ON THE HORIZON

ATLANTA (GEORGIA): $372.11 million series 2011 airport general revenue refunding bonds (A1/A+/A+); negotiated; Siebert Brandford Shank & Co. LLC and Goldman, Sachs & Co. (lead); Estrada Hinojosa & Co. Inc., Morgan Keegan & Co. Inc., Morgan Stanley & Co. Inc., Raymond James & Associates Inc., Sterne, Agee & Leach Inc. and Terminus Securities LLC (co-managers); 2011A bonds due 2013 to 2021; 2011B bonds due 2012 to 2027 with term bond; proceeds to refund city's series 2000A-C airport general revenue bonds.

• $226.065 million series 2011A non-AMT bonds

• $146.045 million series 2011B AMT bonds

HOUSTON (TEXAS): $260 million series 2011 hotel occupancy tax and special revenue refunding bonds (A2/A-/); negotiated; Piper Jaffray & Co. (lead); Bank of America Merrill Lynch, Hutchinson, Shockey, Erley & Co., Estrada Hinojosa & Co., Mesirow Financial Inc. and Raymond James & Associates Inc. (co-managers); proceeds to refund auction-rate bonds and refund city's series 2001A hotel occupancy tax and special revenue bonds.

LAKELAND/LAKELAND REGIONAL HEALTH SYSTEM (FLORIDA): $77.38 million series 2011 hospital revenue refunding bonds (A2); negotiated; Citigroup Global Markets Inc. (sole); proceeds to refund health system's series 1996A, 1997A-B and 1999B revenue bonds.

MODESTO IRRIGATION DISTRICT (CALIFORNIA): $127.81 million series 2011 electric system refunding revenue bonds; negotiated; Citigroup Global Markets Inc. and Stone & Youngberg (lead); Morgan Stanley & Co. Inc., Ramirez & Co. Inc. and Wells Fargo Securities LLC (co-managers); 2011A bonds due 2012 to 2024; 2011B bonds due 2012 to 2017; proceeds to refund district's series 1999A-B, 2001A and 2003A capital appreciation bonds.

NORTH TEXAS TOLLWAY AUTHORITY: $100 million series 2011A variable-rate revenue refunding bonds (A1/P-1/A+/A-1/); negotiated; Morgan Stanley & Co. Inc. (lead); bonds due Jan. 1, 2050; bonds initially bear interest at weekly rate; proceeds to refund authority's series 2008J first-tier revenue bonds.

ORLANDO-ORANGE COUNTY EXPRESSWAY AUTHORITY (FLORIDA): $290 million series 2011A refunding revenue bonds (//A); negotiated; Wells Fargo Securities LLC (lead); Bank of America Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Raymond James & Associates Inc., Barclays Capital Inc., Goldman, Sachs & Co., Morgan Stanley & Co. Inc. and RBC Capital Markets LLC (co-managers); proceeds to refund authority's series 2008B-1 and 2008B-2 bonds.

RALEIGH (NORTH CAROLINA): $62.025 million series 2011A combined enterprise system revenue refunding bonds; negotiated Citigroup Global Markets Inc. and Wells Fargo Securities LLC (lead); bonds due 2012 to 2024; proceeds to refund city's series 2008A-B combined enterprise system revenue bonds.

SPRING INDEPENDENT SCHOOL DISTRICT (TEXAS): $59.515 million series 2011 unlimited tax refunding bonds (Aaa/AAA/); negotiated; Morgan Keegan & Co. Inc. (lead); FirstSouthwest Co., Hutchinson, Shockey, Erley & Co. Inc., Loop Capital Markets LLC, BOSC Inc. and Rice Financial Products Co. (co-managers); bonds due 2012 to 2026; proceeds to refund district's series 1999, 2001 and 2001A unlimited tax schoolhouse bonds.

TAMPA BAY WATER AUTHORITY (FLORIDA): $292.815 million series 2011 utility system refunding revenue bonds (Aa2/AA+/AA+); negotiated; Citigroup Global Markets Inc. (lead for 2011A); Raymond James & Associates Inc. (lead for 2011B); Bank of America Merrill Lynch, Morgan Stanley & Co. Inc. and Raymond James & Associates Inc. (co-senior managers for 2011A); Bank of America Merrill Lynch, Citigroup Global Markets Inc. and Morgan Stanley & Co. Inc. (co-senior managers for 2011B); Goldman, Sachs & Co., J.P. Morgan Securities LLC, Loop Capital Markets, RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers for both tranches); 2011A bonds due 2011 to 2024; 2011B bonds due 2011 to 2024; proceeds to refund authority's series 2001A-B revenue bonds.

• $142.39 million series 2011A bonds

• $150.425 million series 2011B bonds

UNIVERSITY MEDICAL CENTER CORP. (ARIZONA): $73.415 million series 2011 hospital revenue bonds (Baa1/BBB+/); negotiated; Bank of America Merrill Lynch (sole); bonds due 2012 to 2021 with term bond due July 1, 2039; proceeds to construct, equip, expand, acquire and renovate existing University Medical Center hospital facilities, as well as refund the corporation's series 2003 hospital revenue refunding bonds.

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