By Sheri Kasprzak
New York, Nov. 3 - The California Health Facilities Financing Authority priced $150 million of series 2011 variable-rate health facility revenue bonds for Catholic Health Care West, according to an official statement.
The offering included $75 million of series 2011B bonds and $75 million of series 2011C bonds.
J.P. Morgan Securities LLC was the underwriter for the 2011B bonds, and Citigroup Global Markets Inc. was the underwriter for the 2011C bonds.
The bonds, which are due March 1, 2047, initially bear interest at the weekly rate.
Proceeds will be used to finance capital projects for Catholic Health properties in California.
| Issuer: | California Health Facilities Financing Authority/Catholic Health Care West
|
| Issue: | Series 2011 variable-rate health facility revenue bonds
|
| Amount: | $150 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC (for 2011B); Citigroup Global Markets Inc. (for 2011C)
|
| Pricing date: | Nov. 2
|
| Settlement date: | Nov. 9
|
|
|
| $75 million series 2011B bonds
|
| Maturity | Type | Coupon | Price
|
| March 1, 2047 | Term | Weekly | 100
|
|
|
| $75 million series 2011C bonds
|
| Maturity | Type | Coupon | Price
|
| March 1, 2047 | Term | Weekly | 100
|
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