California Infrastructure and Economic Development Bank to price $198.18 million bonds

By Cristal Cody

Springdale, Ark., May 23 - The California Infrastructure and Economic Development Bank plans to price $198.18 million revenue bonds, according to a preliminary official statement.

The series 2008A bonds will price for the California Independent System Operator Corp.

Banc of America Securities LLC is the senior manager of the negotiated sale. JPMorgan and RBC Capital Markets are co-managers.

Proceeds will be used to finance computer hardware and software systems and other equipment used to provide control services at electric transmission facilities and to refund the bank's outstanding series 2000, series 2004 and series 2007 revenue bonds on July 1, 2008.

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