Municipal Calendar: New York City to sell $800 million of bonds

Week of May 21

NEW YORK CITY: $800 million series 2012H-I general obligation bonds; negotiated; Bank of America Merrill Lynch (lead); Citigroup Global Markets Inc.; Morgan Stanley & Co. LLC; J.P. Morgan Securities LLC; Siebert Brandford Shank & Co. LLC; Barclays Capital Inc.; Fidelity Capital Markets LLC; Loop Capital Markets LLC; Roosevelt & Cross Inc.; Goldman, Sachs & Co.; Ramirez & Co. Inc.; Southwest Securities Inc.; M.R. Beal & Co. Inc.; Jefferies & Co.; Rice Financial Products Co.; Wells Fargo Bank, NA; Cabrera Capital Markets LLC; Lebethal & Co. LLC; RBC Capital Markets LLC; Jackson Securities Inc.; MFR Securities Inc.; Janney Montgomery Scott LLC; Raymond James/Morgan Keegan; and TD Securities (USA) LLC (co-managers); bonds due 2012 to 2032; proceeds to redeem existing G.O. bonds prior to maturity; pricing week of May 21.

SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY: $52.41 million series 2012 homeownership mortgage bonds (Aa1/AAA/); negotiated; Citigroup Global Markets Inc. and Bank of America Merrill Lynch (lead); J.P. Morgan Securities LLC, Dougherty & Co. LLC and Wells Fargo Securities LLC (co-managers); proceeds to refund and redeem the authority's series 1997A-E, series 2002C and series 2007F-I bonds; pricing week of May 21.

• $29.48 million series 2012A AMT bonds due 2013 to 2029

• $18.98 million series 2012B non-AMT bonds due 2019 to 2022 with term bond due in2 027

• $3.95 million series 2012C non-AMT bonds due 2028 and 2042

May 21

NEW MEXICO: $70,635,000 series 2012A severance tax bonds; competitive; Fiscal Strategies Inc. (financial adviser); bonds due 2013 to 2022; proceeds to finance capital improvements authorized by the state legislature; pricing May 21.

May 22

PUBLIC UTILITIES COMMISSION OF THE CITY AND COUNTY OF SAN FRANCISCO (CALIFORNIA): $686.04 million series 2012A-C water revenue bonds (Aa3/AA-/); competitive; Backstrom McCarley Berry & Co. LLC (financial adviser); proceeds to acquire, construct and design improvements for the benefit of the utility's water enterprise; pricing May 22.

• $575.71 million series 2012A bonds

• $16.15 million series 2012B bonds

• $94.18 million series 2012C refunding bonds

WISCONSIN: $212.83 million series 2012A general obligation bonds; competitive; bonds due 2022 to 2042; proceeds to finance state capital improvement projects; pricing May 22.

May 23

MARYLAND DEPARTMENT OF TRANSPORTATION: $130 million series 2012 consolidated transportation bonds; competitive; Public Financial Management Inc. (financial adviser); bonds due 2015 to 2027; proceeds to finance capital improvements to transportation projects in the state; pricing May 23.

METRO (OREGON): $169,075,000 series 2012 general obligation bonds (Aaa/AAA/); competitive; Seattle-Northwest Securities Corp. (financial adviser); proceeds to finance capital costs for the city and refinance outstanding G.O. bonds, including the city's series 2002 G.O. bonds; pricing May 23.

• $140 million series 2012A general obligation bonds due 2013 to 2028

• $29,075,000 series 2012B general obligation refunding bonds due 2013 to 2015

OHIO: $303 million series 2012 general obligation bonds (Aa1/AA+/AA+); competitive; Public Financial Management Inc. (financial adviser); bonds proceeds to be deposited into the state's school building program assistance fund and its natural resources projects bond service fund; pricing May 23.

• $280 million series 2012B common school G.O. bonds due 2013 to 2032

• $23 million series Q natural resources G.O. bonds due 2013 to 2027

Week of May 28

May 30

HILLSBOROUGH COUNTY (FLORIDA): $71,125,000 series 2012 capital improvement program revenue bonds (Aa2/AA+/AA+); competitive; Public Financial Advisory Group (financial adviser); bonds due 2013 to 2026; proceeds to construct, equip and acquire a county jail, additional county service center facilities, recreational park improvements, storm water utility improvements and transportation improvements, as well as to refinance commercial paper notes; pricing after May 30.

On the Horizon

ALASKA HOUSING FINANCE CORP.: $196,415,000 series 2012 general mortgage revenue bonds; negotiated; Bank of America Merrill Lynch (lead for 2012A and sole for 2012B); Edward D. Jones & Co. LP, George K. Baum & Co., J.P. Morgan Securities LLC, KeyBanc Capital Markets LLC, Raymond James/Morgan Keegan, Morgan Stanley & Co. LLC and Siebert Brandford Shank & Co. LLC (co-managers for 2012B); proceeds to make mortgage loans and refund debt.

• $146,415,000 series 2012A bonds due 2012 to 2024 with term bonds due in 2027, 2032, 2037 and 2040

• $50 million series 2012B taxable variable-rate bonds due Dec. 1, 2042

CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY/STANFORD HOSPITAL AND CLINICS: $60 million series 2012C variable-rate revenue bonds (Aa3/P-1/AA-/A-1+/AA-/F1+); negotiated; Morgan Stanley & Co. LLC (lead); proceeds to finance capital projects to the health care facilities operated by Stanford.

CONNECTICUT HOUSING FINANCE AUTHORITY: $176,995,000 series 2012D housing mortgage finance program bonds (Aaa/AAA/); negotiated; Morgan Stanley & Co. LLC, Bank of America Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (lead); Barclays Capital Inc.; Goldman, Sachs & Co.; Grigsby & Associates Inc.; Janney Montgomery Scott LLC; Jefferies & Co.; M.R. Beal & Co.; Raymond James/Morgan Keegan; Ramirez & Co. Inc.; Rice Financial Products Co.; Roosevelt & Cross Inc.; and Wells Fargo Securities LLC (co-managers); proceeds to finance mortgage loans and refund existing bonds that were issued to finance mortgage loans.

• $151,265,000 series 2012D-1 bonds due 2013 to 2025 with term bonds due 2030 and 2034

• $25.73 million series 2012D-2 bonds due May 15, 2042

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $217,015,000 series 2012 school districts revenue bond financing program revenue bonds; negotiated; Roosevelt & Cross Inc. and Jefferies & Co. (lead); Blaylock Robert Van LLC, Janney Montgomery Scott LLC, RBC Capital Markets LLC, Edwards Jones & Co. LP, Ramirez & Co. Inc., Sterne, Agee & Leach Inc., Fidelity Capital Markets LLC, Raymond James/Morgan Keegan and The Williams Capital LP (co-managers); proceeds to make loans to local school districts to finance capital projects.

• $120,315,000 series 2012A bonds

• $21.89 million series 2012B bonds

• $27,085,000 series 2012C bonds

• $37,015,000 series 2012D bonds

• $10.71 million series 2012E 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.

ESCAMBIA COUNTY (FLORIDA): $65 million series 2012 solid waste removal revenue bonds; negotiated; Goldman, Sachs & Co. (lead); proceeds to finance solid waste removal projects within the county.

FAIRMONT STATE UNIVERSITY (WEST VIRGINIA): $51.58 million series 2012 revenue refunding bonds (A1); negotiated; Piper Jaffray & Co. and Crews & Associates (lead); proceeds to current refund university's series 2002A-B revenue bonds and advance refund university's series 2003A-B revenue bonds.

• $20,985,000 series 2012A bonds due 2013 to 2027 with term bond due in 2032

• $30,595,000 series 2012B bonds due 2013 to 2027 with term bond due in 2032

GREENVILLE HOSPITAL SYSTEM BOARD OF TRUSTEES (SOUTH CAROLINA): $92.84 million series 2012 hospital refunding revenue bonds (A1/AA-/AA-); negotiated; Barclays Capital Inc. (lead); TD Securities (USA) LLC and Wells Fargo Securities LLC (co-managers); proceeds to refund hospital system's series 2001 revenue bonds.

GUAM: $108.7 million series 2012B business privilege tax bonds (/A/A-); negotiated; Barclays Capital Inc. and Citigroup Global Markets Inc. (lead); bonds due 2017 to 2032 with term bonds; proceeds to pay unpaid income tax for 2011 and make payments to the Guam Retirement Fund.

HEALTH AND EDUCATIONAL FACILITIES BOARD OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY/BELMONT UNIVERSITY (TENNESSEE): $57.65 million series 2012 revenue bonds (Baa1/BBB+/); negotiated; Stephens Inc. and SunTrust Robinson Humphrey (lead); bonds due 2013 to 2031; proceeds to construct Maple Hall, a 200-bed campus residence hall and construct, improve and equip Bruins Hall, a 494-bed residence hall with apartment-style accommodations, as well as to construct an underground parking garage.

HOUSTON (TEXAS)/CONVENTION & ENTERTAINMENT FACILITIES DEPARTMENT: hotel occupancy tax and special revenue refunding bonds (A2/A-/); negotiated; Hutchinson, Shockey, Erley & Co. and Mesirow Financial (lead); bonds due 2026 to 2033; proceeds to refund city's series 2001B-C and 2011A-B hotel occupancy tax and special revenue bonds.

HOUSTON INDEPENDENT SCHOOL DISTRICT (TEXAS): $186,455,000 series 2012 variable-rate limited tax refunding bonds (Aaa/AAA/); negotiated; Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. (lead); Estrada Hinojosa & Co. Inc. and Loop Capital Markets LLC (co-managers); bonds due 2028 to 2030; proceeds to refund all of the district's outstanding series 2004 variable-rate limited tax schoolhouse bonds.

LA JOYA INDEPENDENT SCHOOL DISTRICT (TEXAS): $84.96 million series 2012 unlimited tax refunding bonds; negotiated; Drexel Hamilton LLC and Goldman, Sachs & Co. (lead); bonds due 2012 to 2034; proceeds to refund district's series 2004, 2006 and 2008 school building bonds.

LOS ANGELES DEPARTMENT OF WATER AND POWER: $276.82 million series 2012A water system revenue bonds (Aa2/AA/AA); negotiated; RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC (lead); Bank of America Merrill Lynch, Barclays Capital Inc., Cabrera Capital Markets LLC, Ramirez & Co. Inc. and U.S. Bancorp Investments Inc. (co-managers); proceeds to refund department's series 2003A water system revenue bonds.

MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY/LOYOLA UNIVERSITY MARYLAND: $50.37 million series 2012A revenue bonds (A2/A/); negotiated; Bank of America Merrill Lynch (lead); bonds due 2012 to 2032 with term bonds due in 2034 and 2039; proceeds to current refund the university's series 1996B, 1999, 2006B, 2007 and 2008 bonds, as well as to terminate a swap agreement connected to those bonds.

MIAMI-DADE COUNTY SCHOOL BOARD (FLORIDA): $171,905,000 series 2012 certificates of participation (A1/A/); negotiated; J.P. Morgan Securities LLC (lead); Bank of America Merrill Lynch, Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Raymond James/Morgan Keegan and RBC Capital Markets LLC (co-managers); proceeds to refund the school board's series 2000A, 2001C, 2003D, 2004A and 2006D certificates.

• $143,205,000 series 2012A COPs due 2014 to 2029 with term bond due Aug. 1, 2027

• $13.79 million series 2012B-1 COPs due 2019 to 2020

• $14.91 million series 2012B-2 COPs due 2016 to 2020

NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY/SOUTHERN NEW HAMPSHIRE UNIVERSITY: $63.55 million series 2012 revenue bonds (/BBB/); negotiated; RBC Capital Markets LLC (lead); bonds due 2013 to 2025 with term bonds due in 2034 and 2042; proceeds to finance the construct, equipment and installation of a new library and learning commons, a new dormitory, a new parking facility and other improvements and renovations to the university's main campus in Manchester, N.H.

NORFOLK (VIRGINIA): $206,645,000 series 2012 general obligation bonds; negotiated; proceeds to fund capital improvements and refund existing G.O. bonds.

• $119,625,000 series 2012A tax-exempt G.O. capital improvement bonds

• $56,585,000 series 2012B tax-exempt G.O. capital improvement refunding bonds

• $8,945,000 series 2012C AMT G.O. refunding bonds

• $21.49 million series 2012D taxable qualified school reconstruction bonds

NORTH LITTLE ROCK (ARKANSAS): $58.62 million series 2012 electric system revenue bonds (/A-/); negotiated; Stephens Inc. (lead); proceeds to replace a water sealing system, construct two feeder circuits to industrial customers, replace a service bucket vehicle, deploy and install smart grid power electronics in the form of meters and rollover switches and acquire and install a new security monitoring system, as well as to refund the city's series 1992 electric system revenue bonds.

• $22.46 million series 2012A taxable refunding bonds due 2013 to 2025

• $1,865,000 series 2012B refunding bonds due 2013 to 2025

• $10.67 million series 2012C taxable bonds due 2015 to 2022

• $16,415,000 series 2012D taxable refunding bonds due 2013 to 2022

• $7.21 million series 2012E capital improvement bonds due 2015 to 2022

OKLAHOMA DEVELOPMENT FINANCE AUTHORITY/ST. JOHN HEALTH SYSTEM: $190 million series 2012 revenue and refunding bonds (A2/A/); negotiated; Goldman, Sachs & Co. and Citigroup Global Markets Inc. (lead); proceeds to acquire the St. John Broken Arrow facility in Broken Arrow, Okla., and to construct, acquire and renovate St. John facilities in Tulsa, Okla.

PUBLIC FINANCE AUTHORITY (NORTH CAROLINA)/SEARSTONE CORP.: $117,345,000 series 2012 revenue bonds; negotiated; Herbert J. Sims & Co. Inc. and BB&T Capital Markets (lead); proceeds to construct, equip and acquire a senior living community in Cary, NC., that consists of 131 apartments, 38 estate homes, 8 assisted living units and a nursing facility.

• $56,145,000 series 2012A revenue bonds due 2022, 2037 and 2047

• $60.39 million series 2012B entrance fee principal redemption bonds due 2020

• $810,000 series 2012C taxable entrance fee principal redemption bonds due 2016

SAN DIEGO COUNTY REGIONAL TRANSPORTATION COMMISSION: $384,325,000 series 2012A limited tax sales tax revenue bonds (Aa2/AAA/); negotiated; Barclays Capital Inc. (lead); J.P. Morgan Securities LLC; Goldman, Sachs & Co.; Morgan Stanley & Co. LLC; and Bank of America Merrill Lynch (co-managers); bonds due 2013 to 2032 with term bonds due in 2037, 2042 and 2048; proceeds to widen State Road 76, widen and extend State Road 52, improve transit projects, construct high-occupancy vehicle lanes on Interstate 5 and make improvements to other roads and highways.

SOUTH JERSEY PORT CORP.: $58,115,000 series 2012Q marine terminal revenue refunding bonds (A1/A-/); competitive; Goldman Beale Associates (financial adviser); bonds due 2014 to 2033; proceeds to advance refund the corporation's series 2002K marine terminal revenue bonds.

STANFORD UNIVERSITY (CALIFORNIA): $140 million series 2012 taxable bonds (Aaa/AAA/AAA); negotiated; Goldman, Sachs & Co. and Morgan Stanley & Co. LLC (lead); Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Prager & Co. LLC (co-managers); bonds due May 1, 2042; proceeds to refinance commercial paper and other debt that refinanced capital projects for the university.

TUFTS UNIVERSITY (MASSACHUSETTS): $250 million series 2012A taxable bonds; negotiated; Barclays Capital Inc. and J.P. Morgan Securities LLC; bonds due April 15, 2112; proceeds for general corporate needs of the university.

VIRGINIA RESOURCES AUTHORITY: $349,735,000 series 2012 infrastructure and state moral obligation revenue bonds; negotiated; Wells Fargo Securities LLC (lead); Bank of America Merrill Lynch; BB&T Capital Markets LLC; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to purchase local obligations to finance or refinance qualified improvement projects.

• $240,785,000 series 2012A infrastructure revenue bonds (Aaa/AAA/) due 2012 to 2042

• $108.95 million series 2012B state moral obligation revenue bonds (Aa2/AA/) due 2012 to 2042

WASHINGTON: $432,035,000 series 2012F federal highway grant anticipation revenue bonds (Aa2/AA/); negotiated; Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Bank of America Merrill Lynch (lead); bonds due 2015 to 2024; proceeds to finance the costs of improvements and bridge construction on State Road 520, a 12.8-mile that stretches from Interstate 5 in Seattle to State Road 202 in Redmond, Wash.

WASHINGTON HEALTH CARE FACILITIES AUTHORITY/SEATTLE CHILDREN'S HOSPITAL: $73,805,000 series 2012 revenue bonds (Aa3); negotiated; Goldman, Sachs & Co. (lead); J.P. Morgan Securities LLC and Wells Fargo Securities LLC (co-managers); proceeds to acquire, construct, equip and renovate Seattle Children's Hospital facilities and refund the authority's series 2009 revenue bonds sold for the hospital.

• $46.25 million series 2012A bonds due Oct. 1, 2042

• $27,555,000 series 2012B bonds due 2013 to 2032 with term bond due Oct. 1, 2034

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