By Sheri Kasprzak
New York, Feb. 11 - The California Statewide Communities Development Authority priced on Thursday $106.58 million of series 2010 revenue bonds for American Baptist Homes of the West, according to a term sheet.
The bonds (/BBB-/BBB+) were priced through senior manager Ziegler Capital Markets Inc.
The bonds are due 2015, 2020, 2025, 2029 and 2039 with 4.25% to 6.25% coupons.
Proceeds will be used to fund the construction, expansion, renovation, acquisition and equipment of facilities operated by American Baptist Homes of the West.
| Issuer: | California Statewide Communities Development Authority/American Baptist Homes of the West
|
| Issue: | Series 2010 revenue bonds
|
| Amount: | $106.58 million
|
| Type: | Negotiated
|
| Underwriter: | Ziegler Capital Markets Inc.
|
| Ratings: | Standard & Poor's: BBB-
|
| Fitch: BBB+
|
| Pricing date: | Feb. 11
|
| Settlement date: | Feb. 24
|
|
|
| Maturity | Type | Coupon | Price
|
| 2015 | Term | 4.25% | 100
|
| 2020 | Term | 5.375% | 98.213
|
| 2025 | Term | 5.75% | 97.482
|
| 2029 | Term | 6% | 97.189
|
| 2039 | Term | 6.25% | 97.107
|
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