Abag Finance Authority, Calif., preps $79.21 million sale of revenue bonds for Sharp HealthCare

By Sheri Kasprzak

New York, Jan. 3 - The Abag Finance Authority for Nonprofit Corporations, Calif., is expected to price $79.21 million of series 2011A revenue bonds for Sharp HealthCare, according to a preliminary official statement.

The bonds (A2/A/) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the underwriter.

The maturities have not been set.

Proceeds will be used to redeem all of the corporation's outstanding series 2001A bonds and prepay a portion of the principal on its series 1998 obligations.

Based in Oakland, Calif., the authority assists California nonprofit organizations with gaining access to tax-exempt funding. Sharp HealthCare is based in San Diego.

© 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.