California Health Facilities plans $135.04 million bonds for Children's Hospital Los Angeles

By Sheri Kasprzak

New York, April 20 - The California Health Facilities Financing Authority plans to sell $135.04 million in series 2010A revenue bonds for Children's Hospital Los Angeles, according to a preliminary official statement.

The bonds (Aa3/AAA/) will be sold through senior managers Citigroup Global Markets Inc. and Bank of America Merrill Lynch.

The maturities have not been set.

Proceeds will be used to refund the hospital's series 1999 certificates and its 2004 and 2008 bonds.

The authority, which is based in Sacramento, provides financing to construct, renovate and maintain hospitals and health care facilities.

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