California Statewide plans $61.02 million California Baptist bond sale

By Sheri Kasprzak

New York, Jan. 21 - The California Statewide Communities Development Authority is set to sell $61,015,000 of series 2014 revenue bonds for California Baptist University, according to a preliminary official statement.

The deal includes $54,925,000 of series 2014A bonds and $6.09 million of series 2014B bonds.

The bonds will be sold on a negotiated basis with D.A. Davidson & Co. as the senior manager.

The 2014A bonds are due in 2023, 2033 and 2043. The 2014B bonds are due in 2019.

Proceeds will be used to acquire an apartment complex for student housing and to lease student housing for the School of Nursing.

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