California Educational Facilities to sell $80 million of revenue bonds

By Sheri Kasprzak

New York, Jan. 26 - The California Educational Facilities Authority is slated to bring to market $80 million of series 2011 revenue bonds for the University of San Francisco, said a preliminary official statement.

The bonds (A3) will be sold on a negotiated basis with Bank of America Merrill Lynch as the sole underwriter.

The maturities have not been set.

Proceeds will be used to redeem a portion of the university's series 2005A and 2006 variable-rate revenue refunding bonds.

Based in Sacramento, the authority provides financing to state-operated educational facilities.

© 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.