Municipals Calendar: California to sell $2 billion in general obligation bonds

WEEK OF MARCH 8

JEA (FLORIDA): $59.6 million series 2010A electric system revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); J.P. Morgan Securities Inc., Barclays Capital Inc., Bank of America Merrill Lynch, Goldman, Sachs & Co., Morgan Stanley & Co. Inc. and Wells Fargo Securities Inc. (co-managers); bonds due 2012 to 2030; proceeds to refund some of JEA's outstanding electric system revenue bonds; pricing week of March 8.

MASSACHUSETTS: $538.86 million series 2010A Sifma Index general obligation refunding bonds (Aa2/AA/AA); negotiated; Morgan Stanley & Co. Inc. (lead); Goldman, Sachs & Co., Jefferies & Co., Barclays Capital Inc., Bank of America Merrill Lynch, Citigroup Global Markets Inc., Fidelity Capital Markets Inc. and J.P. Morgan Securities Inc. (co-managers); bonds due 2011 to 2014; proceeds to refund existing bonds; pricing week of March 8.

MICHIGAN MUNICIPAL BOND AUTHORITY: $241.305 million series 2010 state revolving fund revenue bonds (/AAA/AAA); negotiated; Bank of America Merrill Lynch and Citigroup Global Markets Inc. (lead); Cabrera Capital Markets Inc., Fidelity Capital Markets inc., Janney Montgomery Scott LLC, J.P. Morgan Securities Inc., Loop Capital Markets LLC and Roosevelt & Cross Inc. (co-managers); pooled project bonds due 2011 to 2030; refunding bonds due 2010 to 2020; proceeds to fund clean water initiative and refund authority's series 1998 clean water bonds; pricing week of March 8.

• $172.04 million series 2010 clean water revolving fund pooled project bonds

• $69.265 million series 2010 clean water revolving fund subordinate refunding bonds

WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/MINISTRY HEALTH CARE INC.: $51.785 million series 2010A revenue bonds (/A+/); negotiated; Bank of America Merrill Lynch (lead); proceeds to refund debt issued by Ministry Health; pricing week of March 8.

MARCH 11

CALIFORNIA: $2 billion series 2010 various purpose general obligation bonds (Baa1/A-/BBB); negotiated; J.P. Morgan Securities Inc. and Morgan Stanley & Co. Inc. (lead); Prager, Sealy & Co. LLC; Barclays Capital Inc.; BMO Capital Markets GKST Inc.; Bank of America Merrill Lynch; Cabrera Capital Markets Inc.; Citigroup Global Markets Inc.; City National Securities Inc.; De La Rosa & Co. Inc.; Edward D. Jones & Co. LP; Fidelity Capital Markets Inc.; Goldman, Sachs & Co.; Great Pacific Securities; Grigsby & Associates Inc.; Jackson Securities Inc.; Jefferies & Co.; Loop Capital Markets LLC; M.R. Beal & Co. Inc.; Northern Trust Co.; Oppenheimer & Co. Inc.; Ramirez & Co. Inc.; Raymond James & Associates Inc.; RBC Capital Markets Corp.; Robert W. Baird & Co.; Southwest Securities Inc.; Stone & Youngberg; Wells Fargo Securities Inc.; and William Blair & Co. (co-managers); proceeds to refund existing commercial paper and fund a variety of capital projects; pricing March 11.

DETROIT, MICH.: $250 million series 2010 distributable state aid general obligation bonds (A1/AA-/); negotiated; Goldman, Sachs & Co. (lead); Bank of America Merrill Lynch; Cabrera Capital Markets LLC, Loop Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to fund a portion of the city's accumulated and projected operating deficit; pricing March 11.

ILLINOIS: $412 million series 2010 general obligation bonds; competitive; First Southwest Co. (financial adviser); 2010A and 2010B bonds due 2011 to 2035; proceeds to make grants to local school district and construct, acquire and equip school facilities throughout the state; pricing March 11.

• $356 million series 2010A Build America Bonds

• $56 million series 2010B taxable series of March 2010 general obligation bonds

SEATTLE: $201.425 million series 2010 revenue bonds; competitive; 2010A bonds due 2020 to 2030; 2010B bonds due 2010 to 2031; proceeds to fund capital expenditures and refund debt; pricing March 11.

• $58.235 million series 2010A taxable bonds

• $143.19 million series 2010B tax-exempt bonds

WEEK OF MARCH 15

ORLANDO-ORANGE COUNTY EXPRESSWAY AUTHORITY (FLORIDA): $350 million series 2010A revenue bonds (A1/A/A); negotiated; J.P. Morgan Securities Inc. (lead); Bank of America Merrill Lynch; Citigroup Global Markets Inc.; Loop Capital Markets LLC; Raymond James & Associates Inc.; Barclays Capital Inc.; Goldman, Sachs & Co.; Morgan Stanley & Co. Inc.; RBC Capital Markets Corp.; and Wells Fargo Securities Inc. (co-managers); proceeds to fund construction projects in the authority's five-year plan; pricing week of March 15.

ON THE HORIZON

ANCHORAGE (ALASKA): $100.11 million series 2010 general obligation bonds (/AA/AA); negotiated; Siebert Brandford Shank & Co. LLC (lead); Bank of America Merrill Lynch; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; Morgan Stanley & Co. Inc; and Seattle-Northwest Securities Corp. (co-managers); proceeds to make general purpose and school capital improvements.

• $55 million series 2010A general purpose bonds

• $20 million series 2010B school G.O. bonds

• $25.11 million series 2010C general purpose G.O. refunding bonds

BOARD OF REGENTS OF THE UNIVERSITY OF TEXAS SYSTEM: $373.27 million series 2010B revenue finance system refunding bonds (Aaa/AAA/AAA); negotiated; RBC Capital Markets Inc. and Piper Jaffray & Co. (lead); Bank of America Merrill Lynch, J.P. Morgan Securities Inc., Loop Capital Markets LLC, Ramirez & Co. and Raymond James & Associates Inc. (co-managers); proceeds to refund debt.

BURBANK (CALIFORNIA): $96.65 million series 2010 water and power electric revenue and revenue refunding bonds (A1/AA-/); negotiated; Morgan Stanley & Co. Inc. (lead); Citigroup Global Markets Inc. and Barclays Capital Inc. (co-managers); proceeds to fund improvements to the city's water and power system, as well as to refund existing debt.

• $44.38 million series 2010A refunding bonds

• $52.27 million series 2010B Build America Bonds

CHICAGO TRANSIT AUTHORITY: $550 million series 2010 sales tax receipts revenue bonds (A1/AA/); negotiated; Goldman, Sachs & Co. and Cabrera Capital Markets LLC (lead); Blaylock Robert Van LLC, BMO Capital Markets LLC, Duncan-Williams LLC, Jefferies & Co., J.P. Morgan Securities Inc., Loop Capital Markets LLC, Melvin Securities LLC, Morgan Stanley & Co. Inc. and Wachovia Bank N.A. (co-managers); proceeds to finance or reimburse the authority for costs related to transit improvement and expansion projects.

CHILDREN'S HOSPITAL AND CLINICS OF MINNESOTA/CITY OF MINNESOTA/HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF SAINT PAUL: $50 million series 2010A health care facilities revenue bonds (Aa3/AAA/); negotiated; Piper Jaffray & Co. (lead); bonds due 2011 to 2022 with term bonds due 2025, 2030 and 2035; proceeds to reimburse Children's Hospital and Clinics for costs related to expanding and improving existing facilities.

CITIZENS PROPERTY INSURANCE CORP.: $2 billion high-risk account senior secured bonds (A2/A+/); negotiated; J.P. Morgan Securities Inc. (lead for A-1 and A-2 bonds); Goldman, Sachs & Co. (lead for A-3 and A-4 bonds); Bank of America Merrill Lynch, Citigroup Global Markets Inc., Morgan Stanley & Co. Inc., First Southwest Co., Jefferies & Co., Loop Capital Markets LLC, Ramirez & Co. Inc., RBC Capital Markets Inc., Siebert Brandford Shank & Co. LLC and Wells Fargo Securities Inc. (co-managers); proceeds to reimburse corporation's proceeds accounts for amounts disbursed to pay claims

MARCO ISLAND (FLORIDA): $59.375 million series 2010 utility system revenue and revenue refunding bonds (A2/A/A-); negotiated; Bank of America Merrill Lynch and RBC Capital Markets Inc. (lead); proceeds to refund existing utility system debt and fund capital improvements to the city's utility system.

• $51.995 million series 2010A tax-exempt utility system improvement and refunding revenue bonds

• $7.38 million series 2010B taxable utility system improvement refunding revenue bonds

MISSISSIPPI DEVELOPMENT BANK: $161.58 million series 2010 special obligation bonds (A1/AA-/); negotiated; Morgan Stanley & Co. Inc. and Bank of America Merrill Lynch (lead); 2010A bonds due 2011 to 2014; 2010B bonds due 2030, 2035 and 2040; proceeds to construct highways throughout DeSoto County, Miss.

• $25.85 million series 2010A special obligation bonds for DeSoto County Highway Construction Project

• $135.73 million series 2010B special obligation Build America Bonds for the DeSoto County Highway Construction Project

TULSA COUNTY INDUSTRIAL AUTHORITY/MONTREAU INC.: $114.52 million series 2010 senior living facilities revenue bonds; negotiated; Ziegler Capital Markets Inc. (lead); Herbert J. Sims & Co. Inc. and Wells Nelson & Associates (co-managers); proceeds to fund the construction of a senior living facility and refund existing VRDBs.

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