Municipals Calendar: Newark to price $96.5 million BANs, notes

JANUARY 14 WEEK

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/MONTEFIORE MEDICAL CENTER: $165 million mortgage hospital revenue bonds; negotiated; Merrill Lynch & Co. (lead), Banc of America Securities LLC, Goldman, Sachs & Co., JPMorgan, Piper Jaffray & Co., Ramirez & Co., Inc. and Roosevelt & Cross, Inc. (co-managers); serial maturities from August 2008 through August 2032; proceeds to refund outstanding $140.58 million in series 1995A bonds; pricing date not set.

January 18

NEWARK (NEW JERSEY): $96.466 million series 2008A general improvement bond anticipation notes, series 2008B water utility bond anticipation notes, 2008D school promissory notes (MIG1); proceeds to refund notes issued by city in April 2007 and to fund projects authorized by bond ordinances; pricing Jan. 18; structure:

• $60.966 million series 2008A general improvement bond anticipation notes

• $5.6 million series 2008B water utility bond anticipation notes

• $29.9 million series 2008D school promissory notes

JANUARY 21 WEEK

January 22

AMERICAN MUNICIPAL POWER, INC. (Ohio): $350 million series 2008A commercial paper bond anticipation notes; negotiated; J.P. Morgan Securities (dealer); pricing Jan. 22.

January 23

CLARK COUNTY, NEVADA: $100 million sales and excise tax (streets and highway projects) commercial paper notes series 2008 A (P-1); negotiated; Citigroup Global Markets, Inc. (lead); funding for street and highway improvements; pricing Jan. 23.

CLARK COUNTY, NEVADA: $100 million sales and excise tax (streets and highway projects) commercial paper notes series 2008B; negotiated; UBS Securities LLC (lead); funding for street and highway improvements; pricing Jan. 23.

MECKLENBURG COUNTY, North Carolina: $160.5 million; set to price in two tranches: 2008A and 2008B; proceeds for park development, land acquisitions and law enforcement; pricing expected on Jan. 23;

• $12 million in 2008A bonds due 2009 through 2028

• $148.5 million in 2008B bonds due 2009 through 2028

TEXAS TRANSPORTATION COMMISSION: $1.1 billion general obligation mobility fund bonds (Aa1); UBS Investment Bank (lead); negotiated; serial maturities from 2009 through 2033, $351.795 million term bond due 2037; proceeds for transportation projects, including expansion and construction of state highways; pricing Jan. 23.

WASHINGTON DRAMA SOCIETY: $120 million variable-rate demand revenue bonds (Aaa); negotiated; Shattuck Hammond Partners (lead); pricing set for Jan. 23.

WISCONSIN: $135 million clean water bonds (Aa1); to be priced in two tranches; proceeds for loans to municipalities for improvements to wastewater treatment facilities and to refund outstanding bonds; pricing Jan. 23.

JANUARY 28 WEEK

January 29

ALASKA HOUSING FINANCE CORP.: $80.88 million series 2008A home mortgage revenue bonds (Aa2/AA/AA+); negotiated; Citigroup Global Markets (lead); Bear, Stearns & Co. Inc., Goldman, Sachs & Co., JPMorgan, Merrill Lynch, Siebert Brandford Shank & Co., LLC and Wachovia Securities (co-managers); serials from Dec. 1, 2009 through Dec. 1, 2018 and term bonds due Dec. 1, 2023, Dec. 1, 2028, Dec. 1, 2033 and Dec. 1, 2038; proceeds for purchase of qualified mortgage loans for first-time homebuyers in Alaska.

January 30

MARYLAND DEPARTMENT OF TRANSPORTATION: $250 million consolidated transportation bonds; competitive; serials from 2011 through 2023; Public Financial Management Inc. is advisor; proceeds to fund a portion of capital projects for state highways and transit system, including buses and light rail; pricing Jan. 30.

January 31

NEW YORK STATE POWER AUTHORITY: $775 million commercial paper notes, series 1, 2 and 3 (P-1); pricing Jan. 31.

JANUARY

CAMINO REAL REGIONAL MOBILITY AUTHORITY: $237 million pass-through toll transportation revenue bonds (A2); competitive issue; proceeds will fund construction of 7.4 mile State Spur 601. Pricing set for late January.

FLORIDA DEPARTMENT OF TRANSPORTATION: $342.1 million series 2008A bond issue (Aa2); competitive; serial maturities from July 1, 2008 through July 1, 2037; proceeds to be used for a portion of the turnpike's capital improvement program and to refund series 1997A turnpike revenue bonds; department gives 18-hour notice on competitive bond sales; pricing expected in January.

FEBRUARY 11 WEEK

February 14

INDIANA UNIVERSITY: $268 million student fee and consolidated revenue bonds (Aa1); negotiated; JPMorgan Chase & Co. (lead), Lehman Brothers (co-manager); proceeds to refund outstanding tax-exempt commercial paper and finance new projects, including a cyber-infrastructure building, a new science building and a new medical education center.

FEBRUARY 18 WEEK

February 20

TEXAS PUBLIC FINANCE AUTHORITY: $228.64 million general obligation refunding bonds (Aa1/AA/AA+); negotiated; UBS Securities LLC (lead); serial maturities from 2009 to 2012 and a term bond due 2015.

February 21

HOWARD HUGHES MEDICAL INSTITUTE (THROUGH MARYLAND ECONOMIC DEVELOPMENT CORP.): $85 million series 2008A (Aaa/VMIG1); negotiated; Citigroup Global Markets; proceeds to renovate and expand administrative headquarters; Shattuck Hammond Partners is financial advisor; pricing Feb. 21.

MARCH 24 WEEK

March 25

ORANGE REGIONAL MEDICAL CENTER (DORMITORY AUTHORITY OF THE STATE OF NEW YORK), MIDDLETOWN, N.Y.: $260 million series 2008 bonds (Ba1); negotiated; Merrill Lynch & Co. (lead), JPMorgan Chase & Co., Morgan Stanley; serial maturities of 30 years; proceeds for construction of 374-bed replacement hospital; pricing March 25.

FEBRUARY

SWEETWATER UNION HIGH SCHOOL DISTRICT, CHULA VISTA, CALIF.: $180 million bond issue; pricing expected in mid-February.

PUERTO RICO AQUEDUCT & SEWER AUTHORITY: $1.525 billion series A and B senior lien revenue bonds and series A and B revenue refunding bonds (BBB-); pricing mid-February; structure:

• $1.227 billion in series A senior lien revenue bonds

• $20.6 million in series B senior lien revenue bonds

• $155.7 million in series A revenue refunding bonds

• $121.2 million in series B revenue refunding bonds

MARCH

UNIVERSITY OF OKLAHOMA HEALTH SCIENCES CENTER: $75 million in tax-exempt and taxable bonds; proceeds for new cancer research center; pricing expected in March or April.

APRIL

HOWARD HUGHES MEDICAL INSTITUTE: $76.5 million series 2008B refunding bonds; negotiated; Lehman Brothers (lead); proceeds to refund existing debt on the headquarters from the institute's 1990 bonds; pricing expected in April.

ON THE HORIZON

UNIVERSITY OF OKLAHOMA HEALTH SCIENCES CENTER: $100 million tax-exempt and taxable bonds; proceeds for new cancer research center; pricing expected in late spring or early summer.

SAN FRANCISCO CITY AND COUNTY AIRPORT COMMISSION: $169.5 million 34A-C senior lien variable-rate revenue refunding bond, $255 million 34D-E senior lien fixed-rate revenue refunding bonds, $110 million 34F-G senior-lien variable-rate revenue refunding bonds (A); timing not set.

SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY: $140.11 million Natural Gas Project A 2008 taxable revenue bonds for Anaheim, Burbank and Colton; proceeds to refinance each city's share of natural gas project acquisition and development costs through redemption of authority's draw-down revenue bonds issued as a short-term financing for the project;

• $80.36 million Natural Gas Project A 2008 taxable revenue bonds for City of Anaheim

• $43.275 million Natural Gas Project A 2008 taxable revenue bonds for City of Burbank

• $16.475 million Natural Gas Project A 2008 taxable revenue bonds for City of Colton

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