Municipals Calendar: Texas Tech preps $170.64 million bond deal

Week of January 2

January 5

SUFFOLK COUNTY WATER AUTHORITY (NEW YORK): $83.635 million series 2012 water system revenue bonds (/AA+/AAA); competitive; Goldman, Sachs & Co. (financial consultant); bonds due 2019 to 2026; proceeds to refund existing water system revenue bonds; pricing Jan. 5.

TEXAS A&M UNIVERSITY SYSTEM: $65 million series A commercial paper notes (P-1/SP-1+/); negotiated; Barclays Capital Inc. (sole); proceeds to make improvements, including safety improvements, to the university; pricing Jan. 5.

TEXAS TECH UNIVERSITY SYSTEM: $170.64 million series 2012A revenue financing system refunding and improvement bonds; negotiated; RBC Capital Markets LLC and Wells Fargo Securities LLC (lead); Estrada Hinojosa & Co. Inc., Morgan Keegan & Co. Inc., J.P. Morgan Securities LLC and Stephens Inc. (co-managers); bonds due 2012 to 2031 with term bonds due in 2036 and 2041; proceeds to acquire, purchase, construct, renovate, improve, enlarge and equip property, buildings, structures, facilities, roads or related infrastructure for the university system, as well as to refund certain outstanding commercial paper notes and outstanding parity obligations; pricing Jan. 5.

Week of January 9

January 10

ALLEGHENY COUNTY (PENNSYLVANIA): $175 million series 2012 tax and revenue anticipation notes (/SP-1+/); competitive; Public Financial Management Inc. (financial adviser); notes due July 16, 2012; proceeds to fund necessary operating expenses for the county ahead of the collection of taxes and revenue; pricing Jan. 10.

January 11

ILLINOIS: $800 million series 2012 general obligation bonds; competitive; Acacia Financial Group Inc. (financial adviser); proceeds to fund state's transportation, school, state facilities and other capital project; pricing Jan. 11.

• $525 million series 2012A bonds due 2013 to 2037

• $275 million series 2012B taxable bonds due 2013 to 2037

Day to Day

ORANGE COUNTY SCHOOL BOARD (FLORIDA): $58.53 million series 2012A refunding certificates of participation (Aa3/AA-/AA); negotiated; Citigroup Global Markets Inc. (lead); proceeds to refund board's series 2001A certificates of participation for a debt service savings; pricing day to day.

On the Horizon

ALLEGHENY COUNTY (PENNSYLVANIA): $175 million series 2012 tax and revenue anticipation notes (/SP-1+/); competitive; Public Financial Management Inc. (financial adviser); notes due July 16, 2012; proceeds to fund necessary operating expenses for the county ahead of tax and revenue collections.

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.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/MEMORIAL SLOAN-KETTERING CANCER CENTER: $340 million fixed- or variable-rate tax-exempt bonds; negotiated; Goldman, Sachs & Co. (lead); proceeds to refund cancer center's series 2003-1 revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/ROCKEFELLER UNIVERSITY: $90 million (maximum); negotiated; J.P. Morgan Securities LLC (lead); proceeds to refund university's series 1998 and 2002A-1 revenue bonds.

JACKSON REDEVELOPMENT AUTHORITY (MISSISSIPPI): $90 million series 2011 urban renewal revenue bonds; negotiated; Rice Financial Products Co. (lead); proceeds to finance capital projects in Jackson, Miss.

ORANGE COUNTY (CALIFORNIA): $240 million series 2012A taxable pension obligation bonds (Aa2/A+/); negotiated; Morgan Stanley & Co. LLC (lead); bonds due 2012 to 2013; proceeds to refund county's series 2012 debenture.

PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCE AUTHORITY: $112 million series 2011 governmental lease revenue bonds (Aa3); negotiated; Citigroup Global Markets Inc. (lead); proceeds to purchase a building and parking garage located adjacent to the state capitol building, which is currently occupied mostly by commonwealth offices.

VERNON (CALIFORNIA): $74,355,000 series 2012 electric system revenue bonds; negotiated; De La Rosa & Co. Inc. (lead); proceeds to make capital improvements to city's electric system, including upgrades to distribution facilities and expansions to existing substations.

• $39.53 million series 2012A bonds

• $34,825,000 series 2012B bonds

VILLAGE COMMUNITY DEVELOPMENT DISTRICT NO. 9 (FLORIDA): $54.395 million series 2012 special assessment revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); bonds due May, 1, 2022, May 1, 2032 and May 1, 2042; proceeds to construct, acquire, renovate and furnish a retirement community in Wildwood, Fla., called The Villages.

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