California Infrastructure to sell $130.99 million Colburn School bonds

By Sheri Kasprzak

New York, May 4 – The California Infrastructure and Economic Development Bank is poised to price $130,985,000 of series 2015 variable-rate revenue bonds for Colburn School on Thursday, according to a preliminary official statement.

The deal includes $66.06 million of series 2015A bonds and $64,925,000 of series 2015B bonds.

The bonds (/A+/) will be sold through BofA Merrill Lynch.

Both tranches are due Aug. 1, 2037.

Proceeds will be used to refund the school’s series 2008 bonds and purchase and cancel its series 2011 bonds.

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