California Public Works Board prepares $625 million lease revenue debt

By Sheri Kasprzak

New York, Nov. 8 - The California State Public Works Board is set to price $625 million of series 2013I lease revenue bonds, according to a preliminary official statement.

The bonds (A2/A-/A-) will be sold on a negotiated basis with RBC Capital Markets LLC and Goldman, Sachs & Co. as the joint bookrunners. The co-senior manager is Blaylock Robert Van LLC. The co-managers are Brandis Tallman LLC, City National Securities Inc., Comerica Securities, Edward D. Jones & Co. LP, Estrada Hinojosa & Co. Inc., Great Pacific Securities, BofA Merrill Lynch, Mitsubishi UFJ Securities (USA) Inc., Siebert Brandford Shank & Co. LLC, Stifel, Nicolaus & Co. LLC, Westhoff, Cone & Holmstedt and Wulff Hansen & Co.

The maturities have not been set.

Proceeds will be used to finance a new animal health and food safety laboratory and the construction of a new courthouse in San Diego.

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