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Published on 4/21/2010 in the Prospect News Municipals Daily.

Municipals Calendar: Oregon Board of Higher Education to price $343.27 million

WEEK OF APRIL 19

OREGON STATE BOARD OF HIGHER EDUCATION: $343.265 million series 2010 general obligation bonds; negotiated; Bank of America Merrill Lynch and Citigroup Global Markets Inc. (lead); Morgan Stanley & Co. Inc. and Fidelity Capital Markets LLC (co-managers); 2010A bonds due 2016 to 2028 with term bond due 2033; 2010B bonds due 2011 to 2025; 2010C bonds due 2026, 2030 and 2039; 2010D bonds due 2023 to 2029 with term bond due 2039; 2010E bonds due 2011 to 2026 with term bond due 2035; 2010F bonds due 2013 to 2022; proceeds to fund capital projects for Oregon State University and refund existing G.O.s issued for Oregon State University; pricing week of April 19.

• $44.725 million series 2010A tax-exempt bonds

• $73.5 million series 2010B federally taxable bonds

• $113.73 million series 2010C Build America Bonds

• $21.415 million series 2010D tax-exempt bonds

• $31.5 million series 2010E federally taxable bonds

• $58.395 million series 2010F tax-exempt bonds

ON THE HORIZON

BOARD OF TRUSTEES OF MICHIGAN STATE UNIVERSITY: $205 million series 2010B general revenue tax-exempt bonds (Aa2/AA/); negotiated; Bank of America Merrill Lynch and J.P. Morgan Securities Inc. (lead); 2010A bonds are due 2044 to 2050; proceeds to construct, furnish and equip replacement for Morrill Hall; renovate, remodel and equip Brody, Bailey and Emmons halls; and upgrade the university's power plant.

CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY/CHILDREN'S HOSPITAL LOS ANGELES: $135.04 million series 2010A revenue bonds (Aa3/AAA/); negotiated; Citigroup Global Markets Inc. and Bank of America Merrill Lynch (lead); proceeds to refund hospital's series 1999 certificates, its 2004 and 2008 bonds.

CASTAIC LAKE WATER AGENCY (CALIFORNIA): $68.105 million series 2010A refunding revenue certificates of participation (/AA-/A+); negotiated; Stone & Youngberg (lead); proceeds to refund agency's series 2001A COPs.

ECTOR COUNTY HOSPITAL DISTRICT (TEXAS): $54.915 million series 2010 revenue bonds (/AA-/AA-); negotiated; Bank of America Merrill Lynch and Wells Fargo Securities Inc. (lead); proceeds to refund Medical Center Hospital's series 2002A bonds.

ILLINOIS FINANCE AUTHORITY/PALOS COMMUNITY HOSPITAL: $151.02 million series 2010C revenue bonds (//AA-); negotiated; Goldman Sachs & Co. and Cabrera Capital Markets LLC (lead); proceeds to construct, acquire and equip a new patient tower at Palos Community Hospital in Palos Heights, Ill., as well as renovate and expand existing facilities at the hospital.

NORTH CAROLINA STATE UNIVERSITY AT RALEIGH: $77.505 million series 2010 general revenue bonds; negotiated; J.P. Morgan Securities Inc. (lead); Loop Capital Markets LLC and Morgan Keegan & Co. Inc. (co-managers); proceeds to finance acquisition, construction , improvement and equipment of athletic facilities, dining facilities, a student health center and a parking deck, as well as the expansion and improvement of the Terry Veterinary Hospital.

OHIO/SUMMA HEALTH SYSTEM: $175 million series 2010 hospital facilities revenue bonds (Baa1//BBB+); negotiated; J.P. Morgan Securities Inc. and PNC Capital Markets LLC (lead); bonds due 2025, 2030, 2035 and 2040; proceeds to fund the construction of a trauma center at Summa Akron City Hospital, the renovation of a patient tower at the Summa Wadsworth-Rittman campus, refinance the construction of a parking garage at Summa Akron City Hospital and finance improvements at a variety of Summa Health hospitals in Ohio.

PUERTO RICO ELECTRIC POWER AUTHORITY: series YY power revenue Build America Bonds (A3/BBB+/BBB+); negotiated; Santander Securities (lead); Popular Securities, UBS Financial Services Inc. of Puerto Rico, Barclays Capital Inc., BBVAPR MSD, Bank of America Merrill Lynch, Citigroup Global Markets Inc., First Bank Securities, Oriental Financial Services, Raymond James & Associates Inc., Samuel A. Ramirez & Co. and Wells Fargo Securities LLC; bonds due 2040; proceeds to fund capital improvement, as well as refund existing power revenue bonds.

RHODE ISLAND CLEAN WATER FINANCE AGENCY: $75.375 million series 2010A water pollution control refunding revenue bonds; negotiated; Janney Montgomery Scott LLC and Morgan Stanley & Co. Inc. (lead); Barclays Capital Inc. and Citigroup Global Markets Inc. (co-managers); bonds due 2011 to 2023; proceeds to fund clean water initiatives.

TEXAS PUBLIC FINANCE AUTHORITY CHARTER SCHOOL FINANCE CORP.: $50.09 million series 2010A education revenue bonds (/BBB/); negotiated; Morgan Keegan & Co. Inc. (lead); Jefferies & Co. (co-manager); bonds due 2030 and 2040; proceeds finance construction and improvement projects at charter schools in Texas.

UNIFIED GOVERNMENT OF WYANDOTTE COUNTY AND KANSAS CITY (KANSAS): $150,373,704 series 2010B sales tax special obligation capital appreciation revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); bonds due June 1, 2021; proceeds to fund a portion of costs associated with constructing a multi-sport athletic arena.


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