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California Statewide Communities to sell $71.66 million revenue bonds
By Sheri Kasprzak
New York, Jan. 14 - The California Statewide Communities Development Authority is slated to price $71.66 million of series 2013 revenue bonds for the American Baptist Homes of the West, according to a preliminary official statement.
The deal includes $20 million of series 2013A revenue bonds, $9.66 million of series 2013B-1 tax-exempt mandatory paydown securities, $12 million of series 2013B-2 TEMPs and $30 million of series 2013B-3 TEMPs.
The bonds (/BBB/BBB+) will be sold on a negotiated basis with Ziegler Capital Inc. as the senior manager.
The 2013A bond maturities have not been set. The 2013B-1 bonds are due in 2021, and the 2013B-2 bonds are due 2020. The 2013B-3 bonds are due in 2019.
Proceeds will be used to construct, equip and furnish American Baptist Homes of the West facilities.
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