California Statewide Communities to sell $80 million revenue bonds for Catholic Healthcare West

By Sheri Kasprzak

New York, April 15 - The California Statewide Communities Development Authority plans to sell $80 million in series 2008A and 2008B revenue bonds for Catholic Healthcare West, a preliminary official statement said Monday.

The bonds (A2/A/A+) include $48.025 million in series 2008A bonds and $31.975 million in series 2008B bonds.

The pricing date could not be determined by press time Tuesday.

Citigroup Global Markets and Lehman Brothers are the senior managers for the negotiated deal.

The bonds will be exchanged for the authority's series 2007I and series 2007J auction-rate bonds.

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