Municipal Calendar: Houston to price $500 million of refunding bonds

Week of April 23

ALLEN COUNTY (OHIO)/CATHOLIC HEALTH PARTNERS: $268.45 million series 2012A hospital facilities revenue refunding and improvement bonds (A1/AA-/AA-); negotiated; Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC (lead); Fifth Third Securities LLC, US Bancorp, Wells Fargo Securities LLC and Edward D. Jones & Co. LP (co-managers); proceeds to renovate, improve, repair and construct hospitals within the Catholic Health, as well as to refund existing debt; pricing week of April 23.

CHARLESTON (SOUTH CAROLINA): $111.7 million series 2012 waterworks and sewer refunding revenue bonds (Aa1/AAA/AA+); negotiated; Wells Fargo Securities LLC (lead); proceeds to refund a portion or all of the city's outstanding series 2003A and 2006A waterworks and sewer system capital improvement revenue and refunding bonds; pricing week of April 23.

DALLAS AND FORT WORTH/DALLAS-FORT WORTH INTERNATIONAL AIRPORT (TEXAS): $293.86 million series 2012C non-AMT joint revenue refunding and improvement bonds (A1/A+/A+); negotiated; Loop Capital Markets LLC and RBC Capital Markets LLC (lead); Jefferies & Co. and Raymond James/Morgan Keegan (co-managers); bonds due 2013 to 2031 with term bond due in 2042; proceeds to refund the airport's series 2001 revenue bonds; pricing week of April 23.

GRAND FORKS (NORTH DAKOTA)/ALTRU HEALTH SYSTEM OBLIGATED GROUP: $125 million series 2012 health care system revenue bonds (Baa1//A-); negotiated; Bank of America Merrill Lynch and US Bancorp (lead); proceeds to finance capital improvements to Altru's facilities, as well as to refund the obligated group's series 1996A, 1997 and 2010A-B revenue bonds; pricing week of April 23.

HOUSTON (TEXAS): $500 million series 2012 public improvement refunding bonds; negotiated; Jefferies & Co. (lead); Piper Jaffray & Co., Barclays Capital Inc., Rice Financial Products Co., Drexel Hamilton LLC and Loop Capital Markets LLC (co-managers); proceeds to refund existing public improvement bonds; pricing week of April 23.

INDIANA FINANCE AUTHORITY: $120,105,000 series 2012 revenue and revenue refunding bonds (Aa1); negotiated; Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC (lead); Fifth Third Securities LLC, Loop Capital Markets LLC and Raymond James & Associates/Morgan Keegan (co-managers); proceeds to refund existing debt used to construct and equip museum facilities, hospital facilities, state capitol building projects and an aviation center; pricing week of April 23.

• $145,000 series 2012A Indiana State Museum Facility revenue refunding bonds due July 1, 2014

• $10.44 million series 2012B Evansville State Hospital Facility revenue refunding bonds due 2012, 2015, 2017, 2020 and 2022 to 2024

• $24.21 million series 2012C Logansport State Hospital Facility revenue refunding bonds due 2012 and 2015 to 2027

• $40,845,000 series 2012D Southeast Regional Treatment Center revenue refunding bonds due 2012 and 2015 to 2027

• $1,395,000 series 2012E Government Center Parking Facilities revenue refunding bonds due 2014 to 2015

• $480,000 series 2012F Government Center Parking facilities taxable revenue refunding bonds due 2012 to 2015

• $8,965,000 series 2012G Government Center North Facility taxable revenue refunding bonds due 2012 to 2015

• $910,000 series 2012H Government Center South Facility taxable revenue refunding bonds due 2012 to 2015

• $26,365,000 series 2012I state park projects revenue and refunding bonds due 2012 to 2025

• $1.8 million series 2012J taxable revenue refunding bonds due 2012 to 2025

• $4.55 million series 2012K aviation center project lease revenue refunding bonds due 2012 to 2017

MAINE MUNICIPAL BOND BANK: $66.87 million series 2012 general resolution bonds (//AAA); negotiated; Wells Fargo Securities LLC (lead); proceeds to finance certain loans made to local government units within the state, as well as to redeem outstanding bonds, resulting in debt service savings; pricing week of April 23.

• $5,255,000 series 2012A bonds

• $39.51 million series 2012B refunding bonds

• $22,105,000 series 2012C taxable refunding bonds

MAINE STATE HOUSING AUTHORITY: $97,085,000 series 2012A mortgage purchase bonds; negotiated; Citigroup Global Markets Inc. and Bank of America Merrill Lynch (lead); J.P. Morgan Securities LLC, Raymond James/Morgan Keegan, Morgan Stanley & Co. LLC and RBC Capital Markets LLC (co-managers); proceeds to purchase mortgages and refund existing debt; pricing week of April 23.

• $65,285,000 series 2012A-1 AMT bonds due 2012 to 2022 with term bond due in 2025

• $11.8 million series 2012A-2 non-AMT bonds due Nov. 15, 2027

• $20 million series 2012A-3 non-AMT bonds due Nov. 15, 2030

OHIO/CLEVELAND CLINIC HEALTH SYSTEM OBLIGATED GROUP: $464,215,000 series 2012A hospital revenue bonds (Aa2/AA-/); negotiated; J.P. Morgan Securities LLC (lead); Bank of America Merrill Lynch, PNC Capital Markets LLC, Citigroup Global Markets Inc., US Bancorp and Wells Fargo Securities LLC (co-managers); bonds due 2016 to 2032 with term bonds due 2034 and 2038; proceeds to acquire, equip, construct and renovate Cleveland Clinic facilities, as well as to advance refund the obligated group's series 2003A and 2009B-2 revenue bonds; pricing week of April 23.

PHILADELPHIA REDEVELOPMENT AUTHORITY: $93.02 million series 2012 revenue refunding bonds; (A2//A-); negotiated; Citigroup Global Markets Inc. (lead); proceeds to refund outstanding bonds for cost savings with no extension of maturity dates; pricing week of April 23.

RHODE ISLAND: $118,545,000 series 2012A consolidated capital loan general obligation bonds; negotiated; Janney Montgomery Scott LLC and Morgan Stanley & Co. LLC (lead); Fidelity Capital Markets LLC, Oppenheimer & Co., Roosevelt & Cross Inc., Raymond James/Morgan Keegan and TD Securities (USA) LLC (co-managers); bonds due 2015 to 2027; proceeds to refund existing debt; pricing week of April 23.

SOUTH CENTRAL CONNECTICUT REGIONAL WATER AUTHORITY: $69,755,000 series 27 water system revenue refunding bonds (Aa3/A+/); negotiated; Morgan Stanley & Co. LLC (underwriter); bonds due 2013 to 2033; proceeds to refund existing debt; pricing week of April 23.

April 25

NASSAU COUNTY (NEW YORK): $241,665,000 series 2012 general improvement bonds and taxable bond anticipation notes (A1/A+/A+); negotiated; Ramirez & Co. Inc. (underwriter); proceeds to finance capital improvements throughout the county, as well as operating expenses; pricing April 25.

• $207,065,000 series 2012 general improvement bonds due 2014 to 2034

• $34.6 million series 2012 taxable bond anticipation notes due April 1, 2013

April 26

INDEPENDENT SCHOOL DISTRICT NO. 112 OF CHASKA (MINNESOTA): $54.17 million series 2012A general obligation alternative facilities and refunding bonds; competitive; bonds due 2013 to 2025; proceeds to finance capital improvements to school property in the district and refund debt; pricing April 26.

VIRGINIA PUBLIC SCHOOL AUTHORITY: $70.09 million series 2012B school financing bonds (Aa1/AA+/AA+); competitive; BB&T Capital Markets (financial adviser); bonds due 2013 to 2032; proceeds to purchase general obligation school bonds issued by certain Virginia localities that are to use the proceeds for capital projects for their public schools; pricing April 26.

Week of April 30

May 1

NORFOLK (VIRGINIA): $206,645,000 series 2012 general obligation bonds; negotiated; proceeds to fund capital improvements and refund existing G.O. bonds; pricing May 1.

• $119,625,000 series 2012A tax-exempt G.O. capital improvement bonds

• $56,585,000 series 2012B tax-exempt G.O. capital improvement refunding bonds

• $8,945,000 series 2012C AMT G.O. refunding bonds

• $21.49 million series 2012D taxable qualified school reconstruction bonds

May 3

FORT LAUDERDALE (FLORIDA): $67.12 million series 2012 water and sewer revenue refunding bonds (Aa1/AA+/); competitive; First Southwest Co. (financial adviser); bonds due 2013 to 2031; proceeds to advance refund some of the city's outstanding water and sewer revenue bonds; pricing May 3.

On the Horizon

AKRON, BATH AND COPLEY JOINT TOWNSHIP HOSPITAL DISTRICT (OHIO)/CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON: $95,455,000 series 2012 hospital improvement and refunding revenue bonds (A1//A+); negotiated; Goldman, Sachs & Co. (lead); proceeds to finance the construction, equipment and acquisition of a new parking garage at the Children's Hospital campus in Akron, as well as to refund the district's series 2001 bonds.

ALASKA MUNICIPAL BOND BANK: $50,145,000 series 2012-Two general obligation and refunding bonds (Aa2//AA); negotiated; RBC Capital Markets LLC (lead); bonds due 2012 to 2031; proceeds to make two loans to governmental units.

CENTRAL PLAINS ENERGY PROJECT (NEBRASKA): $608,825,000 series 2012 gas project revenue bonds (A1/A-/A); negotiated; Goldman, Sachs & Co. and RBC Capital Markets LLC (lead); bonds due 2013 to 2042; proceeds to finance the acquisition of natural gas according to a prepaid agreement.

CLEAR CREEK INDEPENDENT SCHOOL DISTRICT (TEXAS): $82.9 million series 2012B unlimited tax refunding bonds (//AA+); negotiated; Wells Fargo Securities LLC (lead); proceeds to refund a portion of the district's outstanding unlimited tax debt for interest savings.

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/NEW YORK UNIVERSITY: up to $73,025,000 of fixed- and/or variable-rate taxable bonds; maturity not to exceed 40 years; proceeds to pay all or a part of a line of credit used to construct the NYU Global Center for Academic and Spiritual Life.

ECONOMIC DEVELOPMENT AUTHORITY OF NORFOLK (VIRGINIA)/SENTARA HEALTHCARE: $68.89 million series 2012A hospital facilities revenue and refunding bonds (Aa2/P-1AA/A-1+/); negotiated; Citigroup Global Markets Inc. (lead); bonds due Nov. 1, 2034; proceeds to refund Sentara Healthcare's series 2004A-C and 2009A revenue bonds, which were originally used to construct, acquire, equip and install certain hospital facilities.

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, EDUCATIONAL AND HOUSING FACILITIES OF THE COUNTY OF SHELBY (TENNESSEE)/METHODIST LE BONHEUR HEALTH CARE INC.: $100 million series 2012 revenue bonds (A2/A+/); negotiated; J.P. Morgan Securities LLC and Raymond James/Morgan Keegan (lead); bonds due 2032, 2037 and 2042; proceeds to finance and refinance the costs of constructing improvements to the health care provider's facilities.

HOUSTON (TEXAS)/CONVENTION & ENTERTAINMENT FACILITIES DEPARTMENT: hotel occupancy tax and special revenue refunding bonds (A2/A-/); negotiated; Hutchinson, Shockey, Erley & Co. and Mesirow Financial (lead); bonds due 2026 to 2033; proceeds to refund city's series 2001B-C and 2011A-B hotel occupancy tax and special revenue bonds.

LOS ANGELES (CALIFORNIA): $300 million series 2012 wastewater system revenue refunding bonds (Aa3/AA/AA); negotiated; J.P. Morgan Securities LLC, Jefferies & Co. and Loop Capital Markets LLC (lead); proceeds to refund existing bonds for a debt service savings.

LOS ANGELES UNIFIED SCHOOL DISTRICT (CALIFORNIA): $150 million series 2012A general obligation refunding bonds; negotiated; De La Rosa & Co. Inc. and Morgan Stanley & Co. LLC (lead); Rice Financial Products Co. (co-manager); proceeds to refund existing G.O. debt.

LOUISIANA: $515,105,000 series 2012-1 gasoline and fuels tax revenue refunding bonds (Aa1//AA-); negotiated; Citigroup Global Markets Inc. (lead); Jefferies & Co., Raymond James/Morgan Keegan, Dorsey and Co. Inc., Loop Capital Markets Inc. and Stephens Inc. (co-managers); bonds due 2013 to 2032; proceeds to current refund the state's series 2002A revenue bonds and advance refund its series 2005A and 2006A revenue bonds.

MONTGOMERY COUNTY/KETTERING HEALTH NETWORK OBLIGATED GROUP (OHIO): $94.24 million series 2012 hospital facilities revenue refunding bonds (A2/A/); negotiated; Bank of America Merrill Lynch (sole); proceeds to refund the obligated group's series 2008B variable-rate hospital facilities revenue refunding and improvement bonds.

NORTHSIDE INDEPENDENT SCHOOL DISTRICT (TEXAS): $91.65 million series 2012 unlimited tax refunding bonds; negotiated; Stifel, Nicolaus & Co. Inc. (lead); Citigroup Global Markets Inc., M.R. Beal & Co. Inc. and Raymond James/Morgan Keegan (co-managers); bonds due 2013 to 2034; proceeds to current refund the district's series 2001A unlimited tax school building bonds and series 2006C variable-rate unlimited tax refunding bonds.

OLYMPIA SCHOOL DISTRICT NO. 111 (WASHINGTON): $59,865,000 series 2012 unlimited tax general obligation refunding bonds (Aa2/A+/); competitive; D.A. Davidson & Co. (financial adviser); bonds due 2012 to 2023; proceeds to advance refund district's series 2003 and 2005A G.O. bonds.

OREGON HEALTH AND SCIENCES UNIVERSITY: $142,925,000 series 2012A revenue bonds (A1/A+/A+); negotiated; Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC (lead); Bank of America Merrill Lynch, Loop Capital Markets LLC and US Bancorp (co-managers); proceeds to purchase and cancel a portion of the university's series 1998A-B and 2002B auction-rate bonds, finance capital improvements to the university and refund its outstanding 1995, 1998A, 2002A and 2009B-1 bonds.

PEARLAND INDEPENDENT SCHOOL DISTRICT (TEXAS): $77.44 million series 2012 unlimited tax general obligation refunding bonds (//AAA); negotiated; Samco Capital Markets Inc. (lead); proceeds to refund a portion of the district's currently outstanding obligations.

PUBLIC FINANCE AUTHORITY (NORTH CAROLINA)/SEARSTONE CORP.: $117,345,000 series 2012 revenue bonds; negotiated; Herbert J. Sims & Co. Inc. and BB&T Capital Markets (lead); proceeds to construct, equip and acquire a senior living community in Cary, NC., that consists of 131 apartments, 38 estate homes, 8 assisted living units and a nursing facility.

• $56,145,000 series 2012A revenue bonds due 2022, 2037 and 2047

• $60.39 million series 2012B entrance fee principal redemption bonds due 2020

• $810,000 series 2012C taxable entrance fee principal redemption bonds due 2016

SOUTH DAKOTA CONSERVANCY DISTRICT: $126.02 million series 2012 state revolving fund program bonds; negotiated; Wells Fargo Securities LLC (lead); J.P. Morgan Securities LLC and Piper Jaffray & Co. (co-managers); proceeds to advance refund the district's series 2004 and 2005 bonds.

• $69,995,000 series 2012A taxable bonds due 2012 to 2026

• $56,065,000 series 2012B tax-exempt bonds due 2012 to 2032

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.

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.

VIRGIN ISLANDS WATER AND POWER AUTHORITY $65 million series 2012 electric system revenue and refunding bonds negotiated Rice Financial Products Co. (lead) proceeds to refinance all or a portion of the authority's electric system working capital lines of credit and overdraft credit facility, refinance the authority's electric system term loan and refund its series 1998 electric system revenue refunding bonds.

• $16 million series 2012A tax-exempt refunding bonds (Baa2/BBB-/BB) due 2012 to 2021

• $19 million series 2012B subordinate taxable revenue bonds (Baa3/BB+/BB-) due 2012 to 2019

• $30 million series 2012C subordinate taxable revenue bonds (Baa3/BB+/BB-) due 2012 to 2025

WAYZATA (MINNESOTA)/FOLKSTONE SENIOR LIVING COMMUNITY: $98,295,000 series 2012 senior housing revenue bonds; negotiated; Piper Jaffray & Co. (lead); proceeds to be loaned to the Wayzata Bay Senior Housing Inc. for the construction, equipment and renovation of the Folkestone Senior Living Community.

• $75.18 million series 2012A senior housing revenue bonds

• $23,115,000 series 2012B senior housing entrance deposit revenue bonds

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