California Health to price $135 million bonds for Children's Hospital Los Angeles Wednesday

By Sheri Kasprzak

New York, May 3 - The California Health Facilities Financing Authority is expected to sell $135.04 million in series 2010A revenue bonds for Children's Hospital Los Angeles on Wednesday, according to a calendar of upcoming deals.

The bonds (Aa3/AAA/) will be sold on a negotiated basis with Citigroup Global Markets Inc. and Bank of America Merrill Lynch & Co. as the lead managers.

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

The authority, based in Sacramento, Calif., provides funding to qualified health care systems and hospitals throughout the state.

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