California State University organizes $243.75 million of revenue bonds

By Sheri Kasprzak

New York, July 11 - The California State University plans to price $243,745,000 of series 2013A system-wide revenue bonds, according to a preliminary official statement.

The bonds (Aa2/AA-/) will be sold on a negotiated basis with BofA Merrill Lynch as the senior manager. The co-managers are Barclays, Siebert Brandford Shank & Co. LLC, Academy Securities, Alamo Capital, Blaylock Robert Van LLC, De La Rosa & Co., Fidelity Capital Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Prager & Co. LLC, RBC Capital Markets LLC, RH Investment Corp., U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC.

The bonds are due 2014 to 2024.

Proceeds will be used to finance capital improvements at all of the university's campuses, as well as to refund the university's series 1998 auxiliary organization revenue refunding bonds and its series 2005A and 2005C system-wide revenue bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.