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Published on 4/19/2011 in the Prospect News Municipals Daily.

Municipals Calendar: Mayo Clinic to price $290 million of bonds

WEEK OF APRIL 18

CHICAGO/CHICAGO O'HARE INTERNATIONAL AIRPORT: $998.855 million series 2011 passenger facility charge revenue bonds; negotiated; Citigroup Global Markets Inc. and Siebert Brandford Shank & Co. LLC (lead); Barclays Capital Inc.; Estrada Hinojosa & Co. Inc.; Jackson Securities Inc.; Jefferies & Co.; Melvin & Co.; Morgan Keegan & Co. Inc.; PNC Capital Markets LLC; Ramirez & Co. Inc.; Rice Financial Products Co.; and Toussaint Capital Partners LLC (co-managers); proceeds to make capital improvements at the airport, refund grant anticipation bonds and commercial paper notes and make debt service payments; pricing week of April 18.

• $417.04 million series 2011A passenger facility charge non-AMT revenue bonds

• $43.58 million series 2011B passenger facility charge non-AMT revenue refunding bonds

• $127.065 million series 2011C passenger facility charge AMT revenue refunding bonds

• $411.17 million series 2011A grant receipts and subordinate-lien passenger facility charge revenue bonds

APRIL 20

CENTRE COUNTY HOSPITAL AUTHORITY/MOUNT NITTANY MEDICAL CENTER (PENNSYLVANIA): $71.67 million series 2011 hospital revenue bonds (/A-/A-); negotiated; Merrill Lynch (lead); proceeds to reimburse the hospital for the construction, installation and equipment of a cancer care center, as well as upgrades to the medical center's emergency department; pricing April 20.

MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION: $89.825 million series 2011 residential revenue bonds (Aa2//AA); negotiated; Merrill Lynch (lead for 2011A and sole for 2011B); J.P. Morgan Securities LLC, RBC Capital Markets LLC, Loop Capital Markets LLC, M&T Securities Inc. and Morgan Stanley & Co. Inc. (co-managers for 2011A); 2011A bonds due 2012 to 2022 with term bonds due 2026, 2030, 2041 and 2041; 2011B bonds due Sept. 15, 2035; proceeds to make mortgage loans; pricing April 20.

• $69.825 million series 2011A non-AMT bonds

• $20 million series 2011B non-AMT indexed-rate bonds

ROCHESTER/MAYO CLINIC (MINNESOTA): $290 million series 2011 health care facilities revenue bonds (Aa2/AA/); negotiated; Merrill Lynch and Wells Fargo Securities LLC (lead); proceeds to refund clinic's series 1992 and 2001 bonds; pricing April 20.

WEEK OF APRIL 25

MISSISSIPPI DEVELOPMENT BANK/MANGNOLIA REGIONAL HEALTH CENTER: $81.26 million series 2011A special obligation bonds (Baa2); negotiated; Morgan Keegan & Co. Inc. (lead); bonds due 2011 to 2022 with term bond due 2026, 2031 and 2036; proceeds to finance construction, improvement, furnishing and equipment of imaging department, registration and pre-admission testing, emergency department and surgical center at Magnolia Regional, as well as to refund the medical center's series 1998 bonds; pricing week of April 25.

WEEK OF MAY 2

MASSACHUSETTS DEVELOPMENT FINANCE AGENCY/BROAD INSTITUTE: $353.54 million series 2011 revenue bonds (A1/AA-/); negotiated; Morgan Stanley & Co. Inc. (lead); Citigroup Global Markets Inc., Jefferies & Co. Inc., Fidelity Capital Markets LLC and J.P. Morgan Securities LLC (co-managers); 2011A bonds due 2020 to 2026 with term bonds due 2031 and 2041; 2011B bonds due 2012 to 2020; proceeds to construct, equip and acquire a 12-story laboratory building adjacent to and above a garage currently owned by a third party in Cambridge, Mass., pricing week of May 2.

• $269.995 million series 2011A bonds

• $83.545 million series 2011B taxable bonds

ON THE HORIZON

GREATER ORLANDO AVIATION AUTHORITY (FLORIDA): $90 million series 2010 airport facilities refunding revenue bonds (Aa3/A+/AA-); negotiated; Loop Capital Markets LLC (lead); Bank of America Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (co-managers); 2010C bonds due 2019 to 2028; 2010D bonds due 2011 to 2018; proceeds to refund authority's series 1999A-B bonds.

• $75 million series 2010C AMT bonds

• $15 million series 2010D non-AMT bonds

HARRIS COUNTY INDUSTRIAL DEVELOPMENT CORP./DEER PARK REFINANCING LPP (TEXAS): $125 million series 2010 revenue bonds (A2/A/); negotiated; J.P. Morgan Securities LLC (lead); Citigroup Global Markets Inc. and Mitsubishi UFJ Securities (co-managers); Dec. 1, 2020; proceeds to purchase equipment to recover flare gas and finance capital projects to reduce flare at the refinery's Houston facility.

INDUSTRIAL DEVELOPMENT CORP. OF THE PORT OF BELLINGHAM (WASHINGTON)/BP WEST COAST LLC: $111 million series 2010 environmental facilities industrial revenue bonds; negotiated; Goldman, Sachs & Co.; proceeds to construct sewage treatment and solid waste disposal facilities at BP's Cherry Point Refinery in Whatcom County, Wash.

LANCASTER COUNTY HOSPITAL AUTHORITY/LANCASTER GENERAL HOSPITAL (PENNSYLVANIA): $75 million series 2011 health system revenue bonds (Aa3/AA-/); negotiated; Bank of America Merrill Lynch and RBC Capital Markets LLC (lead); Wells Fargo Securities LLC and Janney Montgomery Scott LLC (co-managers); proceeds to construct, add, expand and improve the hospital laboratory facilities and its angiography suite, as well as refund its series 1998 and 2008 bonds.

MAINE MUNICIPAL BOND BANK: $78.91 million series 2011C bonds; negotiated; Wells Fargo Securities LLC and Morgan Keegan & Co. Inc. (lead); Edward Jones & Co., Fidelity Capital Markets LLC and First Southwest Co.; bonds due 2012 to 2031 with term bond due in 2041; proceeds to make loans to governmental units.

METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER CHICAGO (ILLINOIS): $500 million series 2010 general obligation capital improvement bonds (Aaa/AAA/AAA); negotiated; J.P. Morgan Securities LLC and Citigroup Global Markets Inc. (lead); Bank of America Merrill Lynch, Barclays Capital Inc., Duncan-Williams Inc., Loop Capital Markets LLC, Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC and William Blair & Co. Inc. (co-managers); 2010A bonds due 2012 to 2014; 2010B bonds due 2015 to 2018; 2010C bonds due 2019 to 2025 with a term bond due 2032; proceeds to construct, remodel, rehabilitate and repair water facilities, flood protection controls and pollution measures.

• $30 million series 2010A taxable bonds

• $70 million series 2010B tax-exempt bonds

• $400 million series 2010C Build America Bonds

MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA: $178.105 million series 2011 subordinated bonds; negotiated; Morgan Stanley & Co. Inc. (lead); Barclays Capital Inc., BMO Capital Markets Corp., Merrill Lynch, Citigroup Global Markets Inc., FirstSouthwest Co., Goldman, Sachs & Co., J.P. Morgan Securities LLC, US Bancorp Securities Inc. and Wells Fargo Securities LLC (co-managers); 2011A project one bonds due 2013 to 2021; 2011B project one bonds due 2014 to 2021; 2011C project one bonds due 2013; 2011A general resolution project bonds due 2014 to 2021; 2011B general resolution project bonds due 2014 to 2021; 2011C general resolution project bonds due 2013 to 2014; proceeds to be deposited into construction fund for a variety of capital improvements.

• $82.43 million series 2011A project one subordinated bonds

• $31.085 million series 2011B project one subordinated bonds

• $1.085 million series 2011C taxable project one subordinated bonds

• $5.785 million series 2011A general resolution project subordinated bonds

• $55.77 million series 2011B general resolution project subordinated bonds

• $1.95 million series 2011C taxable general resolution project subordinated bonds

OKLAHOMA STUDENT LOAN AUTHORITY: $213.5 million series 2011-1 taxable Libor Oklahoma student loan bonds (/AAA/AAA); negotiated; Merrill Lynch; bonds due June 1, 2040; proceeds to acquire eligible student loans from lenders or holders in the authority's network, as well as refund authority's series 2008I-A1 variable-rate bonds.

PUBLIC FINANCE AUTHORITY/GLENRIDGE ON PALMER RANCH INC. (FLORIDA): $68.325 million series 2011A continuing care retirement community revenue bonds; negotiated; Piper Jaffray & Co. (lead); bonds due 2021, 2031, 2039 and 2046; proceeds to construct, design, equip and expand a nursing center at the Glenridge retirement facility in Sarasota, Fla., as well as to refund existing debt.

PUERTO RICO INDUSTRIAL, TOURIST, EDUCATIONAL, MEDICAL AND ENVIRONMENTAL CONTROL FACILITIES FINANCING AUTHORITY: $103.23 million series 2011A hospital revenue and revenue refunding bonds (/A-/); negotiated; J.P. Morgan Securities LLC and Morgan Stanley & Co. Inc. (lead); FirstBank Puerto Rico Securities and Popular Securities (co-managers); bonds due 2015 to 2021 with term bonds due 2026 and 2033; proceeds to refund existing hospital revenue bonds.

SPECIAL CARE FACILITIES FINANCING AUTHORITY OF THE CITY OF PELL/NOLAND HEALTH SERVICES INC. (ALABAMA): $92.98 million series 2010A revenue bonds (/A-/); negotiated; RBC Capital Markets Corp. (lead); bonds due 2011 to 2020 with term bonds due 2025, 2030 and 2039; proceeds to finance capital improvements to Noland Health facilities, as well as advanced refund authority's series 2007A and refund its series 2009A bonds.

SUMTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/CENTRAL FLORIDA HEALTH ALLIANCE: $72.025 million series 2011A hospital revenue refunding and improvement bonds (Baa1/BBB+/); negotiated; RBC Capital Markets LLC and PNC Capital Markets LLC (lead); proceeds to fund improvements, additions and expansions to Central Florida Health facilities, including the addition of new inpatient beds and expansion of alliance's emergency department, as well as refund debt.


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