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San Buenaventura, Calif., to sell bonds for Community Memorial Health
By Sheri Kasprzak
New York, July 15 - The City of San Buenaventura, Calif., plans to sell $345.9 million of series 2011 revenue bonds for the Community Memorial Health System, according to a preliminary official statement.
The bonds (Ba2/BB) will be sold on a negotiated basis with Bank of America Merrill Lynch as the underwriter.
The bonds are due 2016 to 2021 with term bonds due in 2026, 2031 and 2041.
Proceeds will be used to upgrade, expand and modernize Community Memorial Health facilities, including upgrading seismic safety measures.
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