Municipals Calendar: Broward County arranges bond offering

Week of March 5

LONG BEACH BOND FINANCE AUTHORITY (CALIFORNIA)/AQUARIUM OF THE PACIFIC: $100 million series 2012 refunding revenue bonds (A1); negotiated; Loop Capital Markets LLC (lead); De La Rosa & Co. Inc. and Morgan Stanley & Co. LLC (co-managers); proceeds to refund and defease existing debt; pricing week of March 5.

MASSACHUSETTS HOUSING FINANCE AGENCY: $75,265,000 single family housing revenue bonds; negotiated; Morgan Stanley & Co. LLC, Barclays Capital Inc. and Bank of America Merrill Lynch (lead); Citigroup Global Markets Inc.; J.P. Morgan Securities LLC; Loop Capital Markets LLC; CastleOak Securities LP; Corby Capital Markets Inc.; Eastern Bank Capital Markets; Fidelity Capital Markets Inc.; George K. Baum & Co.; Janney Montgomery Scott LLC; M.R. Beal & Co. Inc.; Morgan Keegan & Co. Inc.; Piper Jaffray & Co.; Ramirez & Co. Inc.; Raymond James & Associates Inc.; Rice Financial Products Co.; Siebert Brandford Shank & Co. LLC; Wells Fargo Securities LLC; and The Williams Capital Group LP (co-managers); proceeds to fund single family housing loans; pricing week of March 5.

• $35.01 million series 157 AMT bonds due 2012 to 2023 with term bond due in 2027

• $10,255,000 series 158 non-AMT bonds due 2013 to 2017

• $30 million series 159 non-AMT bonds due 2012 to 2023 with term bonds due in 2027 and 2032

NEVADA: $115.7 million series 2012 general obligation bonds (Aa2/AA/AA+); negotiated; Morgan Stanley & Co. LLC (lead); Robert W. Baird & Co. Inc. and RBC Capital Markets LLC (co-managers); proceeds to fund capital projects in the state; pricing week of March 5.

• $24,985,000 series 2012A Nevada Municipal Bond Bank bonds due 2012 to 2031

• $47,455,000 series 2012B capital improvement and cultural affairs refunding bonds due 2013 to 2022

• $21.62 million series 2012C natural resources refunding bonds due 2013 to 2024

• $4.23 million series 2012D open space, parks and natural resources refunding bonds due 2014 to 2023

• $17.41 million series 2012E Colorado River Commission Hoover uprating refunding bonds due 2013 to 2016

NEW YORK STATE THRUWAY AUTHORITY: $233,185,000 series 2012A local and state highway service contract bonds; negotiated; Wells Fargo Securities LLC and Jackson Securities Inc. (lead); Barclays Capital Inc., Jefferies & Co. and RBC Capital Markets LLC (co-managers); bonds due 2013 to 2016; proceeds to refund authority's series 2002 service contract bonds; pricing week of March 5.

PENNSYLVANIA ECONOMIC DEVELOPMENT AUTHORITY: $102.44 million series 2012A exempt facilities revenue refunding bonds (A1/A-/); negotiated; Goldman, Sachs & Co. and J.P. Morgan Securities LLC (lead); proceeds to refund authority's series 2001A bonds, which were used to fund the construction and equipment of the Richmond Frequency Converter in Philadelphia for Amtrak; pricing week of March 5.

March 8

ALABAMA 21ST CENTURY AUTHORITY: $95 million series 2012 tobacco settlement revenue refunding bonds (/A-/BBB-); negotiated; Citigroup Global Markets Inc. (lead); proceeds to refund prior tobacco settlement revenue bonds; pricing March 8.

BROWARD COUNTY (FLORIDA): $327.39 million series 2012 water and sewer utility revenue and revenue refunding bonds (Aa2/AA/AA+); negotiated; Citigroup Global Markets Inc. (lead); Goldman, Sachs & Co.; Morgan Stanley & Co. LLC; and J.P. Morgan Securities LLC (co-managers); proceeds to improve two of the county's water treatment plants, construct and reconstruct water mains and wastewater mains and lift stations, construct a water storage and re-pumping facility and expand the North Regional Wastewater Treatment Plant, as well as to refund the county's series 2003 water and sewer utility revenue bonds; pricing March 8.

• $138.21 million series 2012A revenue bonds due 2013 to 2032 with term bond due in 2037

• $141,355,000 series 2012B revenue refunding bonds due 2018 to 2029

• $47,825,000 series 2012C taxable refunding bonds due 2013 to 2018

CHARLESTON COUNTY (SOUTH CAROLINA): $68,745,000 series 2012 general obligation transportation sales tax refunding bonds (Aaa//AAA); competitive; Davenport & Co. LLC (financial adviser); bonds due 2012 to 2024; proceeds to advance refund existing G.O. debt; pricing March 8.

SAN DIEGO COMMUNITY COLLEGE DISTRICT (CALIFORNIA): $300 million series 2012 general obligation refunding bonds; negotiated; Citigroup Global Markets Inc. and RBC Capital Markets LLC (lead); De La Rosa & Co. Inc. (co-manager); proceeds to advance refund district's series 2003A, 2005 and 2007 G.O. bonds; pricing March 8.

WILLIAMSON COUNTY (TEXAS): $153,165,000 series 2012 limited tax refunding bonds; negotiated; Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC (lead); First Southwest Co. and Estrada Hinojosa & Co. Inc. (co-managers); bonds due 2017 to 2030; proceeds to advance refund the county's series 2004 unlimited tax and road refunding bonds, series 2006 unlimited tax road bonds, series 2006 combination tax and revenue certificates of obligation, series 2006 pass-through toll revenue and limited tax bonds, series 2007 unlimited tax road bonds and series 2007A limited tax bonds; pricing March 8.

Week of March 12

March 12

KING COUNTY (WASHINGTON): $67,705,000 series 2012A limited tax general obligation bonds; competitive; Seattle-Northwest Securities Inc. (financial adviser); bonds due 2013 to 2022; proceeds to finance long-term capital costs for the county to upgrade its budget, finance, human resources, payroll and employee benefits systems in the form of a current refund and defeasance of the county's series 2011B limited tax general obligation bond anticipation notes; pricing March 12.

March 14

KNOXVILLE (TENNESSEE): $96.96 million series 2012 electric system revenue refunding bonds (Aa2/AA+/); competitive; Morgan Keegan & Co. Inc. (financial adviser); proceeds to refinance existing debt; pricing March 14.

• $41.2 million series 2012AA electric system revenue refunding bonds due 2012 to 2029

• $26.6 million series 2012Q gas revenue refunding bonds due 2013 to 2029

• $10.9 million series 2012X water system revenue refunding bonds due 2013 to 2029

• $18.26 million series 2012A wastewater system revenue refunding bonds due 2013 to 2029

On the Horizon

ALAMO COMMUNITY COLLEGE DISTRICT (TEXAS): $76,225,000 series 2012 revenue financing system revenue and refunding bonds (Aa2/AA-/); negotiated; Piper Jaffray & Co. (lead); Wells Fargo Securities LLC, Estrada Hinojosa & Co. Inc., Southwest Securities Inc. and Stifel, Nicolaus & Co. Inc. (co-managers); proceeds to construct a parking garage, as well as to refund existing debt.

• $53.86 million series 2012A revenue and refunding bonds due 2013 to 2036

• $22,365,000 series 2012B taxable revenue refunding bonds due 2012 to 2017

DETROIT SCHOOL DISTRICT (MICHIGAN): $251.9 million series 2012A unlimited tax school building and site improvement refunding bonds (Aa2/AA-/); negotiated; Siebert Brandford Shank & Co. LLC (lead); Baird & Co. Inc.; Hutchison, Shockey, Erley & Co.; J.P. Morgan Securities LLC; and Loop Capital Markets LLC (co-managers); proceeds to current refund the district's series 1998B and 2001A school building and site improvement revenue bonds and to advance refund its series 2002A and 2003B school building and site improvement revenue bonds.

DISTRICT OF COLUMBIA WATER AND SEWER AUTHORITY: $445 million series 2012 public utility revenue bonds (/AA/AA-); negotiated; Siebert Brandford Shank & Co. LLC (lead for 2012A and 2012C); J.P. Morgan Securities LLC (lead for 2012B-1); Morgan Stanley & Co. LLC (lead for 2012B-2); Barclays Capital Inc., Bank of America Merrill Lynch, Citigroup Global Markets Inc., Goldman, Sachs & Co., Loop Capital Markets LLC, M.R. Beal & Co., Morgan Keegan & Co. Inc. and Stifel, Nicolaus & Co. Inc. (co-managers); proceeds to fund improvements and construction projects for the authority's water and sewer system, as well as refund its series 2003 revenue bonds.

• $175 million series 2012A subordinate lien revenue bonds

• $100 million series 2012B Sifma index bonds

• $170 million series 2012C refunding bonds

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/FORDHAM UNIVERSITY: up to $50 million fixed-rate tax-exempt bonds; negotiated; Bank of America Merrill Lynch (lead); maturity not to exceed 22 years; proceeds to refund university's series 1998 revenue bonds and 2002 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/NEW YORK UNIVERSITY: up to $73,025,000 of fixed- and/or variable-rate taxable bonds; maturity not to exceed 40 years; proceeds to pay all or a part of a line of credit used to construct the NYU Global Center for Academic and Spiritual Life.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/NORTH SHORE-LONG ISLAND JEWISH HEALTH SYSTEM: up to $79 million of series 2012 tax-exempt bonds; negotiated; Citigroup Global Markets Inc. (lead); proceeds to refund a portion of the health system's series 1998 bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/TEACHERS COLLEGE: up to $75 million of fixed- and/or variable-rate series 2012 bonds; negotiated; maturity not to exceed 30 years; proceeds to refund authority's MBIA-insured series 2002 bonds, as well as to renovate the college's Bancroft Hall, an eight-story, 108-unit residence hall.

GALLIA COUNTY (OHIO)/HOLZER HEALTH SYSTEM OBLIGATED GROUP: $118.3 million series 2012A hospital facilities revenue refunding and improvement bonds; negotiated; RBC Capital Markets LLC (underwriter); proceeds to construct, acquire, equip and renovate new and existing Holzer Health facilities, as well as to refund its series 1998 and 2005 revenue bonds and repay several promissory notes and commercial loans.

HONOLULU BOARD OF WATER SUPPLY (HAWAII): $88,495,000 series 2012A water system revenue bonds; negotiated; Bank of America Merrill Lynch (lead); bonds due 2012 to 2031 with term bond due in 2033; proceeds to refund board's series 2001, 2004A and 2006A bonds.

IDAHO STATE BUILDING AUTHORITY: $78,135,000 series 2012 state building refunding revenue bonds (Aa2/AA/); negotiated; Citigroup Global Markets Inc. (underwriter); proceeds to refund debt.

• $6.04 million series 2012A health and welfare bonds due 2012 to 2024

• $36,695,000 series 2012B water center bonds due 2012 to 2043

• $7,045,000 series 2012C Idaho State University bonds due 2012 to 2023

• $5 million series 2012D College of Western Idaho bonds due 2012 to 2023

• $6.77 million series 2012E University of Idaho bonds due 2014 to 2023

• $5,785,000 series 2012F Lewis-Clark State College bonds due 2014 to 2023

• $6,355,000 series 2012G North Idaho College bonds due 2014 to 2023

• $3.12 million series 2012H College of Southern Idaho bonds due 2014 to 2023

• $1,325,000 series 2012I Idaho State Police/POST Academy bonds due 2014 to 2023

ILLINIOS: $500 million series 2012 general obligation bonds; negotiated; Ramirez & Co. Inc. and US Bancorp Investments Inc. (lead); Fifth Third Securities Inc.; Northern Trust Co.; Sterne, Agee, Leach & Co.; City Securities Corp.; Edward D. Jones & Co. LP; The Williams Capital Group LP; and Podesta & Co. Inc. (co-managers); bonds due 2013 to 2037; proceeds to finance capital projects, such as transportation, school and state facility projects.

LEE COUNTY SCHOOL BOARD (FLORIDA): $116.37 million series 2012B certificates of participation; negotiated; Bank of America Merrill Lynch (lead); Wells Fargo Securities LLC, RBC Capital Markets LLC, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (co-managers); proceeds to refund school board's series 2002A and 2004A certificates.

RALEIGH (NORTH CAROLINA): $119,185,000 series 2012 combined enterprise system revenue refunding bonds (Aa1/AAA/); negotiated; Citigroup Global Markets Inc. (lead); Baird & Co. Inc. and Stephens Inc. (co-managers for 2012A); Wells Fargo Securities LLC (co-manager for 2012B); proceeds to refund city's series 2004 and 2006A combined enterprise system revenue bonds.

• $59,185,000 series 2012A bonds due 2024 to 2031

• $60 million series 2012B bonds due 2013 to 2035

TRAVIS COUNTY HEALTH FACILITIES DEVELOPMENT CORP./LONGHORN VILLAGE (TEXAS): $112,245,000 series 2012 first mortgage revenue refunding bonds; negotiated; BB&T Capital Markets Inc. and ME Allison & Co. Inc. (lead); proceeds to fund working capital needs of the Longhorn Village retirement community in Austin, Texas, as well as to refund existing debt and terminate a swap agreement connected to the refunded bonds.

• $83,635,000 series 2012A fixed-rate bonds due 2022, 2032, 2042 and 2047

• $5 million series 2012B adjustable-rate bonds due Jan. 1, 2047

• $19 million series 2012C-1 temporary fixed-rate bonds

• $4.61 million series 2012C-2 taxable temporary fixed-rate bonds

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