Municipals Calendar: North Texas Tollway to sell $400 million revenue bonds

WEEK OF MAY 3

MAY 6

NORTH TEXAS TOLLWAY AUTHORITY: $400 million series 2010 system revenue bonds (Baa3); negotiated; J.P. Morgan Securities Inc. (lead); Bank of America Merrill Lynch, Goldman Sachs & Co. and Siebert Brandford Shank & Co. LLC; proceeds to fund development and construction of 11.5-mile stretch of State Highway 161; pricing May 6.

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.

EVANSVILLE, IND.: $123.805 million series 2010 lease rental revenue bonds (A1/A/); negotiated; Hilliard Lyons (lead); City Securities Corp. and Fifth Third Securities Inc. (co-managers); 2010A bonds due 2014 to 2016; 2010B bonds due 2017 to 2025 with term bonds due 2029, 2034 and 2039; proceeds to acquire real property upon which the city plans to construct an arena, as well as refund debt.

• $8.94 million series 2010A tax-exempt bonds

• $114.865 million series 2010B taxable Build America 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.

LOWER COLORADO RIVER AUTHORITY (TEXAS): $200 million series 2010 transmission contract refunding and improvement revenue bonds (A2/A/A+); negotiated; Morgan Stanley & Co. Inc. (lead); Barclays Capital Inc., Bank of America Merrill Lynch, Goldman Sachs & Co., Citigroup Global Markets Inc., FirstSouthwest Co., J.P. Morgan Securities Inc., Morgan Keegan & Co. Inc., Ramirez & Co. Inc., RBC Capital Markets Corp., Rice Financial Products Co., Southwest Securities Inc. and Wells Fargo Securities Inc. (co-managers); bonds due 2012 to 2018 and 2021 with term bonds due 2025, 2030 and 2040; proceeds to finance construction, renovation and improvement of generation facilities, as well as refund existing tax-exempt transmission contract revenue notes.

MASSACHUSETTS WATER RESOURCES AUTHORITY: $253.085 million series 2010 general revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); Barclays Capital Inc., Bank of America Merrill Lynch, J.P. Morgan Securities Inc., Jefferies & Co., Fidelity Capital Markets LLC, Goldman, Sachs & Co., Janney Montgomery Scott LLC, Morgan Stanley & Co. Inc. and Ramirez & Co. Inc. (co-managers); 2010A bonds due 2015 to 2030 with term bonds due 2035 and 2040; 2010B bonds due 2014 to 2030; proceeds to refund existing debt, as well as fund upcoming construction projects.

• $100 million series 2010A bonds

• $153.085 million series 2010B revenue refunding bonds

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: $350 million 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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