Nature Conservancy of Colorado to sell $100 million extendible notes Tuesday

By Sheri Kasprzak

New York, May 5 - The Nature Conversancy in Colorado plans to price $100 million in extendible not-for-profit revenue bonds, according to a calendar of upcoming offerings.

The notes (Aa2/P-1//) will be sold on a negotiated basis with Morgan Stanley as the lead manager.

The notes will be sold through the Colorado Educational & Cultural Facilities Authority.

Proceeds from the sale will be used to refinance a taxable line of credit issued by Bank of America, which was used to redeem the authority's series 2002B-1, 2002B-2, 2003A-3 and 2003A-4 bonds.

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