University of California preps $500 million bond sale for Wednesday

By Sheri Kasprzak

New York, Feb. 21 - The University of California is set to sell $500 million of series 2012AD taxable general revenue bonds on Wednesday, according to a sales calendar.

The bonds (Aa1) will be sold through lead manager Goldman, Sachs & Co.

The university expects to issue $500 million of century bonds, but may issue up to $860 million of bonds that have been authorized by the board of regents.

Proceeds will be used to finance capital improvements to the university.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.