Municipals Calendar: Oregon preps $320 million bond sale

WEEK OF MAY 16

OREGON: $320.405 million series 2011 general obligation bonds (Aa1/AA+/AA+); negotiated; Citigroup Global Markets Inc. and Bank of America Merrill Lynch (lead); RBC Capital Markets LLC, J.P. Morgan Securities LLC, Fidelity Capital Markets LLC, Morgan Stanley & Co. Inc., Seattle-Northwest Securities Inc. and Siebert Brandford Shank & Co. LLC (co-managers); 2011I bonds are due 2012 to 2031 with term bond due in 2036; 2011J bonds due 2012 to 2031 with term bond due in 2036; 2011K bonds due 2013 to 2031 with term bond due in 2036; 2011L bonds due 2014 to 2026; proceeds to fund seismic research, state property improvements, Oregon DOT improvements and refund series 2001B bonds; pricing week of May 16.

• $7.095 million series 2011I seismic grant bonds

• $158.365 million series 2011J state property bonds

• $61.22 million series 2011K Oregon Department of Transportation bonds

• $93.725 million series 2011L refunding bonds

MAY 17

ALABAMA PUBLIC SCHOOL AND COLLEGE AUTHORITY: $79.32 million series 2011 capital improvement bonds (Aa1/AA/AA+); competitive; Public FA Inc. (financial adviser); proceeds to repair and purchase equipment for qualified public schools and refund authority's series 2001A bonds; pricing May 17.

• $51.27 million series 2011A capital improvement pool QZAB bonds

• $28.05 million series 2011B capital improvement pool refunding bonds

APPALACHIAN STATE UNIVERSITY/BOARD OF GOVERNORS OF THE UNIVERSITY OF NORTH CAROLINA (NORTH CAROLINA): $60.145 million series 2011 general revenue bonds (Aa3); competitive; Davenport & Co. LLC (financial adviser); bonds due 2012 to 2036; proceeds to construct and equip capital improvements on the Appalachian State campus, including the demolition of a residence hall, the construction and equipment of a new honors residence hall, the construction and equipment of a new student union and the installation of a new steam and chilled water tunnel; pricing May 17.

CONNECTICUT: $326.915 million series 2011 general obligation bonds; negotiated; M.R. Beal & Co. Inc. (lead); Bank of America Merrill Lynch; J.P. Morgan Securities LLC; Loop Capital Markets LLC; Wells Fargo Bank, NA; Barclays Capital Inc.; Blaylock Robert Van LLC; Citigroup Global Markets Inc.; Corby Capital Markets Inc.; Goldman, Sachs & Co.; Melvin & Co. LLC; Morgan Stanley & Co. Inc.; Prager, Sealy & Co. LLC; Raymond James & Associates Inc.; RBC Capital Markets LLC; Roosevelt & Cross Inc.; and Siebert Brandford Shank & Co. LLC (co-managers); 2011B tax-exempt bonds due 2019 to 2023; 2011B taxable bonds due 2012 to 2015; proceeds to fund capital requirements and retire bond anticipation notes; pricing May 17.

• $237.87 million series 2011B tax-exempt general obligation bonds

• $89.045 million series 2011B taxable general obligation bonds

MISSOURI: $77.445 million series 2011A refunding certificates of participation (Aa1/AA+/AA+); competitive; Columbia Capital Management LLC (financial adviser); COPs due 2013 to 2018; proceeds to prepay state's series 2005A certificates of participation; pricing May 17.

NORTHSIDE INDEPENDENT SCHOOL DISTRICT (TEXAS): $84 million series 2011A unlimited tax variable-rate refunding bonds (//AAA); negotiated; Raymond James & Associates Inc. (lead); bonds due June 1, 2039; proceeds to refund district's series 2009 variable-rate bonds; pricing May 17.

TEXAS: $133.5 million series 2011A water financial assistance general obligation bonds (Aaa/AA+/AAA); negotiated; Jefferies & Co. (lead); Bank of America Merrill Lynch, Citigroup Global Markets Inc., Coastal Securities Inc., Ramirez & Co. Inc., Southwest Securities Inc. and Stifel, Nicolaus & Co. LLC (co-managers); bonds due 2011 to 2030; proceeds to provide financial assistance to political subdivisions for water infrastructure requirements; pricing May 17.

UNIVERSITY OF ARKANSAS: $113.49 million series 2011 revenue bonds (Aa2); negotiated; Crews & Associates and Stephens Inc.; 2011A bonds due 2011 to 2031 with term bonds due 2035 and 2040; 2011B bonds due 2011 to 2022; proceeds to make capital improvements to university's Fayetteville campus, as well as refund series 1997 and 2001A bonds; pricing May 17.

• $103.62 million series 2011A various facility revenue bonds

• $9.87 million series 2011B various facility revenue refunding bonds

MAY 18

MARIN COMMUNITY COLLEGE DISTRICT (CALIFORNIA): $52.995 million election of 2004 series 2011C general obligation bonds (Aa1/AA/); competitive; Public Financial Management Inc. (financial adviser); proceeds to upgrade, improve and renovate district facilities, equipment and properties; pricing May 18.

MESA (ARIZONA): $53.95 million series 2011 utility systems revenue bonds; competitive; Wedbush Securities Inc. (financial adviser); bonds due July 1, 2035; proceeds to make improvements to utility systems of the city; pricing May 18.

ON THE HORIZON

BAPTIST HEALTH SOUTH FLORIDA: $250 million series 2011 taxable notes (/AA/); negotiated; Bank of America Merrill Lynch (lead); proceeds for general corporate purposes.

DURHAM (NORTH CAROLINA): $57.39 million series 2011 utility system revenue and refunding revenue bonds (Aa1/AAA/AAA); negotiated; Citigroup Global Markets Inc. and Bank of America Merrill Lynch (lead); bonds due 2012 to 2031 with term bond due June 1, 2041; proceeds to make improvements to city's utility system, as well as refund series 2001 bonds.

GEISINGER AUTHORITY/GEISINGER HEALTH SYSTEM (PENNSYLVANIA): $100 million series 2011A health system revenue bonds (Aa2/AA/); negotiated; J.P. Morgan Securities LLC (lead); Wells Fargo Securities LLC and PNC Capital Markets LLC (co-managers); proceeds to finance or reimburse the costs of capital improvements at Geisinger Health facilities.

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

HOUSTON HIGHER EDUCATION FINANCE CORP./COSMOS FOUNDATION, INC. (TEXAS): $65.065 million series 2011 education revenue bonds (/BBB/); negotiated; Morgan Keegan & Co. Inc. and Jefferies & Co. (lead); 2011A bonds due 2021, 2031 and 2041; proceeds to finance or refinance construction, equipment and acquisition of three new charter schools in Houston.

• $59.98 million series 2011A bonds

• $5.085 million series 2011Q taxable bonds

INDIANAPOLIS LOCAL PUBLIC IMPROVEMENT BOND BANK: $60.705 million series 2011E waterworks project bonds (A2/A+/A); negotiated; Morgan Stanley & Co. Inc. (lead); Morgan Keegan & Co. Inc., City Securities Corp. and Ramirez & Co. Inc. (co-managers); proceeds to purchase the series 2011A waterworks revenue bonds to be issued by the city's waterworks department.

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.

MASSACHUSETTS HOUSING FINANCE AGENCY: $60 million single family housing revenue bonds; negotiated; J.P. Morgan Securities LLC (lead); Bank of America Merrill Lynch; Barclays Capital Inc.; Citigroup Global Markets Inc.; Loop Capital Markets LLC; Morgan Stanley & Co. Inc.; CastleOak Securities LP; Corby Capital Markets Inc.; Eastern Bank Capital Markets; Fidelity Capital Markets LLC; George K. Baum & Co. Inc.; Janney Montgomery Scott LLC; M.R. Beal & Co. Inc.; Morgan Keegan & Co. Inc.; Piper Jaffray & Co. Inc.; Ramirez & Co. Inc.; Raymond James & Associates Inc.; Rice Financial Products Co.; Siebert Brandford Shank & Co. LLC; Wells Fargo Securities LLC; and The Williams Capital Group LP (co-managers); series 155 bonds due 2012 to 2022 with term bonds due June 1, 2028 and Dec. 1, 2028; series 149 bonds due Dec. 1, 2041; proceeds to purchase Fannie Mae-backed securities and mortgage loans.

• $24 million series 155 non-AMT bonds

• $36 million series 149 non-AMT bonds

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

MIAMI-DADE COUNTY (FLORIDA): $350.93 million series 2011 general obligation and G.O. refunding bonds (Aa2/AA-/); competitive; Public Financial Management Inc. (financial adviser); 2011A bonds due 2012 to 2041; 2011B bonds due 2011 to 2026; 2011C bonds due 2011 to 2026; proceeds to fund public infrastructure projects and refund series 1999 bonds.

• $196.985 million series 2011A Building Better Communities Program general obligation bonds

• $38.055 million series 2011B parks program general obligation refunding bonds

• $115.89 million series 2011C seaport general obligation refunding bonds

OKLAHOMA STUDENT LOAN AUTHORITY: $213.5 million series 2011-1 taxable Libor Oklahoma student loan bonds (/AAA/AAA); negotiated; Bank of Ameirca 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.

ORLANDO-ORANGE COUNTY EXPRESSWAY AUTHORITY (FLORIDA): $290 million series 2011A refunding revenue bonds (//A); negotiated; Wells Fargo Securities LLC (lead); Bank of America Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Raymond James &

Associates Inc., Barclays Capital Inc., Goldman, Sachs & Co., Morgan Stanley & Co. Inc. and RBC Capital Markets LLC (co-managers); proceeds to refund authority's series 2008B-1 and 2008B-2 bonds.

PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY, INC. (TEXAS): $483.2 million series 2011A taxable Libor floating-rate bonds (/AAA/AAA); negotiated; Bank of America Merrill Lynch and UBS Investment Bank (lead); Deutsche Bank Securities Inc. (co-manager); 2011A-1 bonds due Oct. 1, 2018; 2011A-2 bonds due July 1, 2024; 2011A-3 bonds due Oct. 1, 2037; proceeds to refund all advances under Bank of America line of credit and refund other existing indentures.

• $167.2 million series 2011A-1 bonds

• $170 million series 2011A-2 bonds

• $146 million series 2011A-3 bonds

PUBLIC UTILITY DISTRICT NO. 1 OF CHELAN COUNTY (WASHINGTON): $189.33 million series 2011 refunding bonds (Aa2/AA/AA+); negotiated; Barclays Capital Inc. (lead); J.P. Morgan Securities LLC, Morgan Stanley & Co. Inc. and Bank of America Merrill Lynch (co-managers); 2011A bonds due 2012 to 2026 with term bonds; 2011B bonds due 2012 to 2026 with term bonds; proceeds to refund senior consolidated system bonds.

• $114.735 million series 2011A AMT bonds

• $74.595 million series 2011B AMT bonds

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.

RIVERSIDE (CALIFORNIA): $59 million series 2011A variable-rate refunding water revenue bonds (Aa2/VMIG 1/A-1+/AA+/F1+); negotiated; De La Rosa & Co. (lead); bonds due Oct. 1, 2035; proceeds to refund city's series 2008A bonds.

SAN JACINTO RIVER AUTHORITY (TEXAS): $84.065 million series 2011 Groundwater Reduction Plan Division special project revenue bonds; negotiated; Morgan Keegan & Co. Inc. (lead); FirstSouthwest Co., Wells Fargo Securities LLC, Bank of America Merrill Lynch, Coastal Securities LLC and Southwest Securities Inc. (co-managers); bonds due 2014 to 2025 with term bonds due 2030, 2033 and 2037; proceeds to conserve, protect and enhance groundwater resources in Montgomery County, Texas.

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.

TULSA COUNTY INDUSTRIAL AUTHORITY/BROKEN ARROW PUBLIC SCHOOLS (OKLAHOMA): $71.79 million series 2011 educational facilities lease revenue bonds (/AA-/); negotiated; D.A. Davidson & Co. (lead); bonds due 2012 to 2019; proceeds to construct, equip and furnish property to be leased by the Broken Arrow Public Schools District from the authority.

VIRGINIA HOUSING DEVELOPMENT AUTHORITY: $70 million series 2011A non-AMT homeownership mortgage bonds (Aa1/AA+/); negotiated; Bank of America Merrill Lynch (lead); BB&T Capital Markets LLC, Davenport & Co. LLC, Morgan Keegan & Co. Inc., Raymond James & Associates Inc. and Wells Fargo Securities LLC (co-managers); proceeds to make single-family mortgage loans.

VIRGINIA RESOURCES AUTHORITY: $80.285 million series 2011 infrastructure and state moral obligation revenue bonds (Aaa); negotiated; J.P. Morgan Securities LLC (lead); BB&T Capital Markets LLC, Wells Fargo Securities LLC and Siebert Brandford Shank & Co. LLC (co-managers); 2011A tax-exempt infrastructure bonds due 2011 to 2031 with term bond due in 2041; 2011A taxable infrastructure bonds due 2021 and 2031; 2011A tax-exempt moral obligation bonds due 2011 to 2031 with term bond due in 2041; 2011A taxable moral obligation bonds due 2021 and 2031; proceeds to provide funds for capital reserve fund and refund City of Hampton's series 2002 convention center revenue bonds.

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