California Public Works Board considers offering to refund CSU bonds

By Sheri Kasprzak

New York, March 23 – The California State Public Works Board is considering a refunding bond sale, according to a notice to bondholders.

The prospective deal will be conducted to refund all or a portion of $773 million of $980 million outstanding bonds sold for California State University.

The bonds, if offered, will be priced on or about April 20.

The bonds to be refunded include the university’s series 2013H, 2012E, 2012D, 2011B, 2009J, 2009D, 2006G, 2006B, 1998A, 1997C and 1993A lease revenue bonds.

Pricing and timing of the deal are contingent upon market and other conditions.

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