California Health plans $278.84 million sale of bonds for City of Hope

By Sheri Kasprzak

New York, Oct. 26 - The California Health Facilities Financing Authority plans to price $278,835,000 of series 2012A revenue bonds for City of Hope, according to a preliminary official statement.

The bonds (A1/A+/AA-) will be sold on a negotiated basis with J.P. Morgan Securities LLC. The co-managers are Barclays and Wells Fargo Securities LLC.

The maturities have not been set.

Proceeds will be used to repay all of the obligated group's long-term outstanding debt.

City of Hope is a Duarte, Calif.-based clinical research center, hospital and graduate school.

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