California Municipal Finance Authority to price $55 million revenue bonds for Emerson College

By Sheri Kasprzak

New York, Nov. 17 - The California Municipal Finance Authority is set to sell $55 million of series 2011 revenue bonds for Emerson College, according to a preliminary official statement.

The bonds (Baa1/BBB+/) will be sold on a negotiated basis with Barclays Capital Inc. and Citigroup Global Markets Inc. as the senior managers.

The maturities have not been set.

Proceeds will be used to construct, furnish and equip the Emerson College Los Angeles Center, which will include classrooms and administrative office space, student housing, faculty apartments, retail space and a parking garage.

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