California State University preps $245 million sale of revenue bonds

By Sheri Kasprzak

New York, Sept. 7 - The Trustees of California State University are set to price $245 million of series 2011A system-wide revenue bonds, according to a preliminary official statement.

The bonds will be sold through senior managers Barclays Capital Inc. and Loop Capital Markets LLC. The co-managers are Backstrom McCarley Berry & Co. LLC; Bank of America Merrill Lynch; Grigsby & Associates Inc.; J.P. Morgan Securities LLC; Prager, Sealy & Co. LLC; Siebert Brandford Shank & Co. LLC; SL Hare Capital Inc.; Stone & Youngberg; and William Blair & Co.

The bonds are due 2012 to 2042.

Proceeds will be used to finance or refinance the construction, acquisition, equipment and renovation of existing California State University facilities.

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