Municipal Calendar: Louisiana preps $580 million bond deal

Week of June 18

CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY/SUTTER HEALTH: $117,465,000 series 2012A revenue bonds (Aa3/AA-/AA-); negotiated; Morgan Stanley & Co. LLC and Bank of America Merrill Lynch (lead); Sutter Securities Inc. (co-manager); proceeds to refund the health care system's series 2002B revenue bonds; pricing week of June 18.

COLORADO HOUSING AND FINANCE AUTHORITY: $624.78 million series 2012 unemployment compensation fund special revenue bonds (Aa2/AA/); negotiated; Goldman, Sachs & Co. (lead); proceeds to repay an advance from the federal government to the state's unemployment compensation fund and recapitalize the fund; pricing week of June 18.

• $93.33 million series 2012A tax-exempt bonds

• $531.45 million series 2012B taxable bonds

DETROIT (MICHIGAN)/DETROIT WATER AND SEWERAGE DEPARTMENT: $575 million series 2012A sewage disposal system revenue and refunding senior lien bonds (/A+/A-); negotiated; Goldman, Sachs & Co. (lead); BMO Capital Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2014 to 2027 with term bonds due 2032 and 2039; proceeds to make improvements, additions and extensions to the city's sewage system, as well as to refund its 2003A revenue bonds; pricing week of June 18.

GEORGE WASHINGTON UNIVERSITY (DISTRICT OF COLUMBIA): $168 million series 2012A taxable bonds; negotiated; Barclays Capital Inc., J.P. Morgan Securities LLC and Loop Capital Markets LLC (lead); bonds due Sept. 15, 2017; proceeds to refund the university's series 1999B-C taxable bonds; pricing week of June 18.

GEORGIA: $741.54 million series 2012 general obligation bonds; competitive; Public Resources Advisory Group (financial adviser); proceeds to finance capital outlay projects for the state and refund existing G.O. bonds; pricing week of June 18.

• $520,055,000 series 2012A G.O. bonds due 2013 to 2032

• $79.9 million series 2012B taxable G.O. bonds due 2013 to 2032

• $141,585,000 series 2012C G.O. refunding bonds due 2014 and 2021 to 2023

HAMILTON COUNTY (OHIO)/THE CHRIST HOSPITAL: $315.22 million series 2012 health care facilities revenue bonds (Baa1/BBB+/); negotiated; RBC Capital Markets LLC (lead); bonds due 2017 to 2022 with term bonds due in 2032 and 2042; proceeds to construct and acquire an orthopedic and spine center at the Chicago-based hospital's Auburn Avenue facility; pricing week of June 18.

IDAHO HEALTH FACILITIES AUTHORITY/ST. LUKE'S HEALTH SYSTEM: $75 million series 2012A revenue bonds (/A/); negotiated; Citigroup Global Markets Inc. (lead); bonds due March 1, 2047; proceeds to construct, acquire and equip two hospitals, one located in Nampa, Idaho, and one in Fruitland, Idaho; pricing week of June 18.

ILLINOIS FINANCE AUTHORITY/UNIVERSITY OF CHICAGO MEDICAL CENTER: $74.03 million series 2012A revenue refunding bonds (Aa3/AA-/AA-); negotiated; J.P. Morgan Securities LLC (lead); PNC Capital Markets LLC, Loop Capital Markets LLC and Cabrera Capital Markets LLC (co-managers); proceeds to refund the authority's series 2001 revenue bonds sold for the University of Chicago Medical Center; pricing week of June 18.

KENTWOOD ECONOMIC DEVELOPMENT CORP. (MICHIGAN)/HOLLAND HOME OBLIGATED GROUP: $50,225,000 series 2012 limited obligation revenue refunding bonds (//BB+); negotiated; Ziegler Capital Inc. (lead); proceeds to refund corporation's series 2000, 2002B and 2006B revenue bonds; pricing week of June 18.

LOUISIANA: $580.7 million series 2012 general obligation refunding bonds; negotiated; J.P. Morgan Securities LLC (lead); Barclays Capital Inc., Loop Capital Markets LLC, Raymond James/Morgan Keegan, Southwest Securities Inc. and Stephens Inc. (co-managers); proceeds to refund the state's series 2004A, 2006B-C and 2009A G.O. bonds; pricing week of June 18.

• $436,365,000 series 2012C tax-exempt bonds due 2020 to 2026

• $144,335,000 series 2012D taxable bonds due June 15, 2020

METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA: $342.79 million series 2012 water revenue refunding bonds (/AAA/AA+); negotiated; Goldman, Sachs & Co. and Morgan Stanley & Co. LLC (lead for 2012C and 2012E bonds); Barclays Capital Inc. (lead for 2012D); Citigroup Global Markets Inc., De La Rosa & Co. Inc., Ramirez & Co. Inc. and Siebert Brandford Shank & Co. LLC (co-managers for 2012C and 2012E); Citigroup Global Markets Inc., De La Rosa & Co. Inc., Ramirez & Co. Inc. and Siebert Brandford Shank & Co. LLC (co-managers for 2012D) proceeds to refund existing revenue bonds; pricing week of June 18.

• $210,215,000 series 2012C bonds due 2017 to 2021

• $43.11 million series 2012D taxable bonds due 2013 to 2017

• $28.42 million series 2012E-1 term mode bonds due July 1, 2032

• $29.82 million series 2012E-2 term mode bonds due July 1, 2035

• $31.22 million series 2012E-3 term mode bonds due July 1, 2037

NORTH CAROLINA MEDICAL CARE COMMISSION/WAKEMED CORP.: $295,765,000 series 2012 health care facilities revenue refunding bonds (A1//AA-); negotiated; Citigroup Global Markets Inc. (lead); BB&T Capital Markets, Wells Fargo Securities LLC and Edward D. Jones & Co. LP (co-managers); proceeds to refund WakeMed's series 2001 and series 2009A revenue bonds; pricing week of June 18.

PHOENIX INDUSTRIAL DEVELOPMENT AUTHORITY/ROWAN UNIVERSITY: $178.43 million series 2012 lease revenue bonds (A3/A+/); negotiated; Piper Jaffray & Co. (lead); bonds due 2017 to 2022 with term bonds due in 2027, 2032, 2036 and 2042; proceeds to refinance the costs of renovations and additions to the university; pricing week of June 18.

Week of June 25

ACTS RETIREMENT-LIFE COMMUNITIES OBLIGATED GROUP: $103,505,000 series 2012 revenue refunding bonds; negotiated; Ziegler Capital Inc. (lead); proceeds to refund existing debt sold for the obligated group by each of the authorities; pricing week of June 25.

• $13,085,000 series 2012 bonds through Palm Beach County Health Facilities Authority, Fla.

• $12,025,000 series 2012 bonds through Gainesville and Hall County Development Authority, Ga.

• $78,395,000 series 2012 bonds through Montgomery County Industrial Development Authority, Pa.

June 26

PINELLAS COUNTY (FLORIDA): $61.92 million series 2012 sewer revenue refunding bonds (Aa2/AA-/AA); competitive; Public Resources Advisory Group Inc. (financial adviser); bonds due 2013 to 2031; proceeds to refund the county's series 2003 sewer revenue bonds; pricing June 26.

SALT LAKE COUNTY (UTAH): $50 million series 2012 tax and revenue anticipation notes (MIG 1); competitive; Zions Bank Public Finance (financial adviser); notes due Dec. 27, 2012; proceeds to finance general county expenses ahead of tax and revenue collections; pricing June 26.

SEATTLE (WASHINGTON): $350.56 million series 2012 municipal light and power improvement and revenue refunding bonds (Aa2/AA-/); competitive; Seattle Northwest Co. (financial adviser) ; proceeds to finance capital improvements to and conservation programs for the city's light system, finance capacity and efficiency improvements to the city's Boundary Hydroelectric Project and to refund the city's series 2002, 2003 and 2004 municipal light and power improvement and revenue refunding bonds; pricing June 26.

• $298.17 million series 2012A improvement and revenue refunding bonds due 2013 to 2018 and 2034 to 2041

• $9.39 million series 2012B taxable refunding revenue bonds due 2012 to 2014

• $43 million series 2012C clean renewable energy revenue bonds due 2028 to 2033

June 28

NORTH TEXAS MUNICIPAL WATER DISTRICT: $358,835,000 of series 2012 water system revenue refunding and improvement bonds (Aa2/AAA/); competitive; First Southwest Co. (financial adviser); bonds due 2013 to 2032; proceeds to acquire, design and construct the extension of the Texoma Raw Water Pipeline to the Wylie Water Treatment Plant and to make other related improvements; pricing June 28.

On the Horizon

AKRON (OHIO): $163.02 million series 2012 community learning centers income tax revenue refunding bonds (/AA+/); negotiated; Baird & Co. and Stifel, Nicolaus & Co. (lead); proceeds to refund the city's series 2004 revenue bonds and its series 2010A-C Build America Bonds.

• $156,425,000 series 2012A bonds due 2015 to 2033

• $6,595,000 series 2012B bonds due 2014 to 2015

BERKS COUNTY MUNICIPAL AUTHORITY/READING HOSPITAL AND MEDICAL CENTER (PENNSYLVANIA): $252.86 million series 2012 revenue bonds (Aa3/AA/AA-); negotiated; Bank of America Merrill Lynch, Morgan Stanley & Co. LLC and RBC Capital Markets LLC (lead for 2012A); Morgan Stanley & Co. LLC and RBC Capital Markets LLC (lead for 2012B); proceeds to construct, equip, acquire and install new and existing buildings operated by Reading Hospital and Medical Center, including emergency care facilities, oncology buildings and cardiology services, as well as to refund the medical center's series 2002 revenue bonds.

• $162,095,000 series 2012A fixed-rate bonds due Nov. 1, 2041, and Nov. 1, 2044

• $90,765,000 series 2012B variable-rate bonds due Nov. 1, 2039

BLACK BELT ENERGY GAS DISTRICT (ALABAMA): $773,845,000 series 2012A gas project revenue bonds (A1/A-/A); negotiated; Goldman, Sachs & Co. and Merchant Capital LLC (lead); bonds due 2013 to 2042; proceeds to acquire natural gas as part of a prepaid natural gas purchase agreement.

BOWDOIN COLLEGE (MAINE): $128.5 million series 2012 taxable bonds (Aa2); negotiated; Barclays Capital Inc. (lead); proceeds to finance capital needs of the college, as well as to refinance the college's series 2009A bonds.

BRIDGEPORT (CONNECTICUT): $54,285,000 series 2012B general obligation refunding bonds (A1/A-/); negotiated; Raymond James/Morgan Keegan (lead); Siebert Brandford Shank & Co. LLC and William Blair & Co. Inc. (co-managers); bonds due 2012 to 2021; proceeds to refund the city's series 2001C G.O. bonds, 2002 G.O. refunding bonds and 2003 G.O. bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/BROOKLYN LAW SCHOOL: $60 million fixed-rate tax-exempt refunding bonds; proceeds to refund the law school's series 2003A-B revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/MIRIAM OSBORN MEMORIAL HOME ASSOCIATION: up to $55 million tax-exempt revenue bonds; negotiated; Herbert J. Sims & Co. (lead); proceeds to make renovations and upgrades to the association's independent and assisted living facilities, as well as to refund its series 2000B 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.

EDMONDS HIGH SCHOOL DISTRICT (WASHINGTON): $92,885,000 series 2012 unlimited tax general obligation refunding bonds (Aa1); negotiated; Seattle-Northwest Securities Inc. (lead); proceeds to refund the district's series 2006 general obligation 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.

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.

KAHALA NUI CORP./DEPARTMENT OF BUDGET AND FINANCE OF THE STATE OF HAWAII: $76.78 million series 2012 special purpose senior living revenue refunding bonds (//BBB-); negotiated; Ziegler Capital Markets Inc. (lead); proceeds to refund the corporation's series 2003 revenue bonds, which were used to finance the construction of senior living facilities operated by the corporation.

KATY INDEPENDENT SCHOOL DISTRICT (TEXAS): $115 million series 2012C variable-rate refunding bonds (Aaa/AAA/); negotiated; Bank of America Merrill Lynch and Jefferies & Co. (lead); Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Southwest Securities Inc. and Wells Fargo Securities LLC (co-managers); bonds due Aug. 15, 2036; proceeds to refund the district's series 2004C variable-rate unlimited tax school building bonds.

KING COUNTY (WASHINGTON): $150.28 million series 2012 sewer revenue and general obligation refunding bonds; negotiated; J.P. Morgan Securities LLC (lead); Citigroup Global Markets Inc. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to refund the county's series 2004A sewer revenue bonds and its series 2005 limited tax G.O. bonds.

• $84,375,000 series 2012B sewer revenue refunding bonds (Aa2/AA+/) due 2026 to 2030 and 2033 to 2035

• $65,905,000 series 2012B limited tax general obligation refunding bonds (Aa1/AAA/) due 2026 to 2030 and 2032

LONG ISLAND POWER AUTHORITY (NEW YORK): $500 million series 2012 electric system general revenue bonds (Aa3); negotiated; Morgan Stanley & Co. LLC and Goldman, Sachs & Co. (lead); Bank of America Merrill Lynch, Barclays Capital Inc., J.P. Morgan Securities LLC, Wells Fargo Securities LLC, BMO Capital Markets, Citigroup Global Markets Inc., Jefferies & Co., M.R. Beal & Co., RBC Capital Markets LLC, Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC and TD Securities (USA) LLC (co-managers); proceeds to fund capital expenditures for the authority and to refund existing debt.

• $250 million series 2012A bonds

• $250 million series 2012B bonds

METROPOLITAN TRANSPORTATION AUTHORITY (NEW YORK): $1 billion series 2012D transportation revenue refunding bonds; negotiated; Bank of America Merrill Lynch, Barclays Capital Inc. and Loop Capital Markets LLC (lead); Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Jefferies & Co., Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC, Wells Fargo Securities LLC, BB&T Capital Markets, Duncan-Williams Inc., Edward D. Jones & Co. LP, Fidelity Capital Markets Inc., First Southwest Co., M.R. Beal & Co., Piper Jaffray & Co., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Rice Financial Products Co., Roosevelt & Cross Inc., Stifel, Nicolaus & Co. Inc. and TD Securities (USA) LLC (co-managers); proceeds to refund existing transportation revenue bonds.

NEW YORK STATE THRUWAY AUTHORITY: $1,101,345,000 series I general revenue bonds (A1/A/); negotiated; Citigroup Global Markets Inc. and Siebert Brandford Shank & Co. LLC (lead); Bank of America Merrill Lynch, Goldman, Sachs & Co., RBC Capital Markets LLC, Jefferies & Co., KeyBanc Capital Markets LLC, Raymond James/Morgan Keegan, Ramirez & Co., Roosevelt & Cross Inc. and Wells Fargo Securities LLC (co-managers); bonds due 2013 to 2032 with term bonds due in 2037 and 2042; proceeds to provide funding for the authority's 2012-2015 Multi-Year Capital Program and to pay principal and interest on the authority's series 2011A general revenue bond anticipation notes.

NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY/HIGH POINT UNIVERSITY: $61.17 million series 2012 educational facilities revenue bonds (/BBB+/); negotiated; BB&T Capital Markets and Wells Fargo Securities LLC (lead); bonds due 2013 to 2029 with term bonds due in 2031 and 2034; proceeds to finance the construction, acquisition and equipment of a new three-story residence hall, as well as to refund the university's series 2006, 2007 and 2008 revenue bonds and to repay a line of credit received in 2009.

PALM BEACH COUNTY SCHOOL BOARD (FLORIDA): $68.12 million series 2012C certificates of participation (Aa3//AA-); negotiated; Bank of America Merrill Lynch, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (lead); COPs due 2016 to 2029; proceeds to refund school board's series 2004A COPs.

PUERTO RICO PUBLIC FINANCE CORP.: $400 million series 2012A commonwealth appropriation bonds (Baa2/BBB-/); negotiated; UBS FS Puerto Rico (lead); Bank of America Merrill Lynch, Popular Securities, Santander Securities, Barclays Capital Inc., BBVAPR MSD, Citigroup Global Markets Inc., FirstBank PR Securities, Oriental Financial Services, Ramirez & Co. Inc., Raymond James/Morgan Keegan and Scotia MSD (co-managers); proceeds to refund the corporation's series 2001C, 2002A, 2003A-B and 2004B appropriation bonds.

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.

SPARTANBURG REGIONAL HEALTH SERVICES DISTRICT (SOUTH CAROLINA): $133,285,000 series 2012A hospital refunding revenue bonds; negotiated; Morgan Stanley & Co. LLC (lead); proceeds to refund the district's series 2002 and 2008B hospital refunding 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.

TULSA COUNTY INDUSTRIAL AUTHORITY (OKLAHOMA): $67.83 million series 2012 educational facilities lease revenue bonds; negotiated; D.A. Davidson & Co. (lead); bonds due 2013 to 2022; proceeds to construct new school facilities, renovate existing facilities and upgrade equipment at the school facilities of the county.

WASHINGTON HEALTH CARE FACILITIES AUTHORITY/PROVIDENCE HEALTH & SERVICES: $625 million series 2012 revenue bonds (Aa2/AA/AA); negotiated; Bank of America Merrill Lynch and Goldman, Sachs & Co. (lead for 2012A bonds); Bank of America Merrill Lynch (sole underwriter for 2012B bonds); proceeds to refund existing revenue bonds.

• $525 million series 2012A bonds

• $100 million series 2012B bonds

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT (CALIFORNIA): $100 million series 2012 general obligation refunding bonds (Aa3/A+/A+); negotiated; Piper Jaffray & Co. and De La Rosa & Co. Inc. (lead); proceeds to refund the school district's series 2000C and 2002A-C G.O. bonds.

WEST OTTAWA PUBLIC SCHOOLS (MICHIGAN): $60,255,000 series 2012 general obligation refunding bonds; negotiated; Fifth Third Securities Inc. (lead); Edward D. Jones & Co. and PNC Capital Markets LLC (co-managers); proceeds to refund existing G.O. bonds.

• $41,825,000 series 2012A school loan qualified bonds due 2013 to 2032

• $18.43 million series 2012B non-school bond loan qualified bonds due 2013 to 2020

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