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Sutter Health of California to sell $52 million in series 2008C revenue bonds
By Sheri Kasprzak
New York, April 30 - Sutter Health in California plans to sell $52 million in series 2008C revenue bonds, a preliminary official statement said Wednesday.
The bonds (Aa3/AA-/) will be sold on a negotiated basis with Morgan Stanley and Banc of America Securities LLC as the senior managers. The co-manager is Sutter Securities Inc.
The California Statewide Communities Development Authority will sell the bonds.
The bonds will have a serial structure as well as term bonds, the official statement said.
Proceeds from the offering will be used to refund the organization's series 2002A, series 2004A, series 2007B and series 2007C auction-rate bonds.
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