Municipal Calendar: Connecticut readies $570 million bond offering

Week of September 17

CONNECTICUT: $569.99 million series 2012 general obligation bonds (Aa3/AA/AA); negotiated; Siebert Brandford Shank & Co. LLC (lead); Citigroup Global Markets Inc., Janney Montgomery Scott LLC, Loop Capital Markets LLC, William Blair & Co., Bank of America Merrill Lynch, Barclays, Blaylock Robert Van LLC, CastleOak Securities LLC, Goldman, Sachs & Co., Grigsby & Associates, J.P. Morgan Securities LLC, Lebenthal & Co. LLC, Morgan Stanley & Co. LLC, M.R. Beal & Co. Inc., Piper Jaffray & Co., Ramirez & Co. Inc., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Rice Financial Products Co., US Bancorp Inc., Wells Fargo Securities LLC and The Williams Capital Group LP (co-managers); proceeds to finance state expenditures and refund existing state G.O. debt; pricing week of Sept. 17.

• $175 million series 2012D Sifma index bonds due 2013 to 2019

• $325 million series 2012D G.O. bonds due 2020 to 2032

• $69.99 million series 2012E G.O. refunding bonds due 2013 to 2015

DALLAS AND FORT WORTH (TEXAS)/DALLAS/FORT WORTH INTERNATIONAL AIRPORT: $268,665,000 series 2012F AMT joint revenue refunding bonds (A1/A+/A+); negotiated; Morgan Stanley & Co. LLC, Ramirez & Co. Inc., M.R. Beal & Co. and Barclays Capital (lead); proceeds to refund existing Dallas/Fort Worth airport revenue bonds; pricing week of Sept. 17.

MISSION HEALTH INC. (NORTH CAROLINA)/MISSION HEALTH COMBINED GROUP: $250 million series 2012 taxable health system revenue bonds (Aa3/AA-/AA-); negotiated; Bank of America Merrill Lynch and Wells Fargo Securities LLC (lead); bonds due Dec. 1, 2042; proceeds to finance capital improvements and equipment purchases for the combined group; pricing week of Sept. 17.

OMAHA PUBLIC POWER DISTRICT (NEBRASKA): $493,185,000 series 2012 electric system revenue bonds; negotiated; Citigroup Global Markets Inc. and Goldman, Sachs & Co. (lead); RBC Capital Markets LLC, Wells Fargo Securities LLC, Ameritas Securities Corp., Fidelity Capital Markets LLC, J.P. Morgan Securities LLC, Edward D. Jones & Co. LP, Morgan Stanley & Co. LLC, Piper Jaffray & Co. LLC, Bank of America Merrill Lynch and Ramirez & Co. Inc. (co-managers); proceeds for capital expenditures and refunding activity; pricing week of Sept. 17.

• $267,765,000 series 2012A bonds due 2023 to 2034 with term bonds due 2037 and 2042

• $225.42 million series 2012B bonds due 2017 to 2034 with term bonds due 2039 and 2046

SAN FRANCISCO BAY AREA RAPID TRANSIT: $242,825,000 series 2012 sales tax revenue bonds; negotiated; RBC Capital Markets LLC and Backstrom McCarley Berry & Co. LLC (lead); Ramirez & Co. Inc., Alamo Capital, Fidelity Capital Markets LLC and Piper Jaffray & Co. Inc. (co-managers); proceeds to refund the transit system's series 2001 and 2002A revenue bonds; pricing week of Sept. 17.

• $131.86 million series 2012A bonds due 2013 to 2032 with term bond due 2036

• $110,965,000 series 2012B bonds due 2013 to 2022 with term bonds due in 2027, 2032 and 2042

SOUTH JERSEY TRANSPORTATION AUTHORITY: $79.1 million series 2012A transportation system revenue refunding bonds (Baa1/A-/BBB+); negotiated; Citigroup Global Markets Inc. (lead); proceeds to refund existing revenue bonds; pricing week of Sept. 17.

Week of September 24

September 25

MASSACHUSETTS: $400 million series 2012C consolidated loan general obligation bonds; competitive; Public Resources Advisory Group (financial adviser); bonds due 2027 to 2042; proceeds to finance or reimburse the commonwealth for capital expenditures; pricing Sept. 25.

September 26

VERMONT: $90,165,000 series 2012 general obligation bonds (Aaa/AA+/AAA); negotiated and competitive; Citigroup Global Markets Inc. (lead for 2012E); Bank of America Merrill Lynch and Wells Fargo Securities LLC (co-managers); Public Resources Advisory Group (financial adviser for 2012F); proceeds to finance to improvements to state buildings, educational facilities and agricultural projects throughout the state; pricing Sept. 26.

• $27.35 million series 2012E G.O. bonds due 2014 to 2024

• $62,815,000 series 2012F G.O. bonds due 2013 to 2032

September 27

SUFFOLK COUNTY WATER AUTHORITY (NEW YORK): $80 million series 2012A water system revenue bonds (/AA+/AAA); competitive; Goldman, Sachs & Co. (financial adviser); bonds due in 2038; proceeds to construct and acquire improvements to the county's water system; pricing Sept. 27.

On the Horizon

ABAG FINANCE AUTHORITY OF NONPROFIT CORPORATIONS/ODD FELLOWS HOME OF CALIFORNIA: $104.1 million series 2012 insured senior living revenue bonds; negotiated; Cain Brothers Inc. (lead); bonds due 2013 to 2022 with term bonds due in 2032 and 2042; proceeds to prepay the series 1993 and 1999 certificates of participation issued for the Odd Fellows Home by the California Statewide Communities Development Authority, as well as refund the corporation's series 2003A bonds.

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.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: up to $600 million tax-exempt refunding bonds; negotiated; RBC Capital Markets LLC and Raymond James/Morgan Keegan (lead); proceeds to refund the authority's series 2002A-I school districts revenue bond financing program revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/LONG ISLAND UNIVERSITY: up to $66 million fixed-rate tax-exempt and/or taxable bonds; proceeds to current refund all or a portion of the authority's series 1999 and 2003A-B bonds sold for the university.

DULUTH ECONOMIC DEVELOPMENT AUTHORITY/ST. LUKE'S HOSPITAL OF DULUTH OBLIGATED GROUP: $83 million series 2012 health care facilities revenue bonds; negotiated; Ziegler Capital Markets Inc. (lead); proceeds to construct improvements and equip St. Luke's facilities, as well as to current refund the authority's series 2002 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.

HEALTH AND EDUCATIONAL FACILITIES AUTHORITY OF THE STATE OF MISSOURI/HEARTLAND REGIONAL MEDICAL CENTER: $50 million series 2012 health facilities revenue bonds (A1//A+); negotiated; BMO Capital Markets LLC and Wells Fargo Securities LLC (lead); proceeds to finance a loan to the medical center for the construction, remodeling, acquisition, renovation and equipment of Heartland facilities.

ILLINOIS FINANCE AUTHORITY/LUTHERAN HOME AND SERVICES OBLIGATED GROUP: $101,995,000 series 2012 revenue bonds; negotiated; Ziegler Capital Inc. (lead); bonds due 2013 to 2017 with term bonds due in 2022, 2027, 2032 and 2046; proceeds to be loaned to the Lutheran Home and Services for the Aged Inc. to refinance debt issued to construct, acquire, equip and renovate properties owned by the company, as well as to refund the home's series 2001 and 2003 revenue bonds.

LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/CYPRESS COVE AT HEALTH PARK FLORIDA INC.: $64,885,000 series 2012 health care facilities revenue refunding bonds; negotiated; H.J. Sims & Co. (lead); proceeds to refund the authority's series 1997A and 2002A revenue bonds.

MIDLAND COUNTY FRESH WATER SUPPLY DISTRICT (TEXAS): $201,782,006.20 series 2012 revenue refunding bonds and revenue notes (Aa3/AA+/); negotiated; Estrada Hinojosa & Co. Inc. and Wells Fargo Securities LLC (lead); BOSC Inc., Frost Bank and J.P. Morgan Securities LLC (co-managers); proceeds to construct, acquire, develop, equip and renovate infrastructure to source and deliver groundwater from the T-Bar Ranch to the city of Midland, Texas, as well as to refund existing revenue notes.

• $71,245,000 series 2012 revenue refunding bonds due 2014 to 2028 with term bond due in 2039

• $130,537,006.20 series 2012A revenue notes due 2029 to 2038 with term bond due in 2041

MINNESOTA OFFICE OF HIGHER EDUCATION: $375 million series 2012 adjustable rate supplemental student loan program revenue bonds (/AA-/A-1+/AA/F1+); negotiated; RBC Capital Markets LLC (lead); bonds due Aug. 1, 2047; proceeds to finance or refinance student loans originated under the office's supplemental student loan program, as well as to refund existing debt.

• $66.8 million series 2012A taxable bonds

• $308.2 million series 2012B AMT bonds

NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY: $350 million series 2013 future tax secured bonds (Aa1/AAA/AAA); negotiated; TD Securities (USA) LLC (sole for 2013-4 bonds) and US Bancorp Inc. (sole for 2013A-5, 2013A-6 and 2013A-7 bonds); bonds due Aug. 1, 2039; proceeds to finance general capital needs for the city.

• $50 million series 2013A-4 tax-exempt subordinate adjustable-rate bonds

• $50 million series 2013A-5 tax-exempt subordinate adjustable-rate bonds

• $100 million series 2013A-6 tax-exempt subordinate adjustable-rate bonds

• $150 million series 2103A-7 tax-exempt subordinate adjustable-rate bonds

NEW YORK STATE MUNICIPAL BOND BANK AGENCY: $281.19 million series 2012A special school purpose revenue bonds; negotiated; J.P. Morgan Securities LLC (lead); Citigroup Global Markets Inc., Jefferies & Co. Inc., Morgan Stanley & Co. LLC, M.R. Beal & Co. Inc., Ramirez & Co. Inc., Raymond James/Morgan Keegan, Roosevelt & Cross Inc. and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2014 to 2022; proceeds to advance refund the agency's series 2003C special school purpose revenue bonds issued on behalf of New York City.

NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY/WAKE FOREST UNIVERSITY: $110 million series 2012 educational facilities revenue bonds (Aa3/AA/); negotiated; Wells Fargo Securities LLC and BB&T Capital Markets LLC (lead); bonds due 2015 to 2033 with term bonds due 2040 and 2042; proceeds to construct and design residence halls, a dining hall and academic buildings, as well as to upgrade the university's heating plant.

NYU HOSPITALS CENTER: $250 million series 2012A taxable bonds (A3/A-/A-); negotiated; J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Bank of America Merrill Lynch (lead); TD Securities (USA) LLC (co-manager); proceeds to finance various construction projects for the center.

REGIONAL AIRPORTS IMPROVEMENT CORP. (CALIFORNIA)/LOS ANGELES INTERNATIONAL AIRPORT: $65 million series 2012 Laxfuel Corp. facilities lease refunding revenue bonds (/A/); negotiated; Morgan Stanley & Co. LLC and Bank of America Merrill Lynch (lead); proceeds to refund existing lease revenue 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.

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.

TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP.: $100 million series 2012A Texas Health Resources System revenue bonds (Aa3/AA-/); negotiated; Morgan Stanley & Co. LLC and Bank of America Merrill Lynch (lead); proceeds to finance the construction, acquisition, equipment and renovation of Texas Health Resources' facilities.

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 HOUSING DEVELOPMENT AUTHORITY: $175 million series 2012D taxable rental housing bonds (Aa1/AA+/); negotiated; Raymond James/Morgan Keegan (lead); BB&T Capital Markets LLC (co-manager); bonds due 2014 to 2028 with term bonds due 2032, 2037 and 2042; proceeds to redeem existing rental housing bonds.

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