California Statewide to sell $1.6 billion revenue bonds for Kaiser Permanente Thursday

By Sheri Kasprzak

New York, May 15 - The California Statewide Communities Development Authority is scheduled to price $1.6 billion in series 2009 revenue bonds for Kaiser Permanente on Thursday, according to a calendar of upcoming deals.

The sale includes $750 million in series 2009A bonds and $850 million in series 2009B bonds.

The bonds (/A+/A+) will be sold on a negotiated basis with Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. as lead managers. The co-manager is Goldman, Sachs & Co.

Proceeds will be used to renovate, construct, acquire and equip Kaiser hospitals and reimburse Kaiser for equipment acquisitions and capital expenses.

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