American Baptist Homes, Calif., set to sell $106.11 million in bonds

By Sheri Kasprzak

New York, Jan. 26 - The California Statewide Communities Development Authority plans to price $106.105 million in series 2010 revenue bonds for American Baptist Homes of the West, according to a preliminary official statement.

The bonds (/BBB-/BBB+) will be sold through senior manager Ziegler Capital Markets Inc.

The maturities have not yet been set.

Proceeds will be used to fund the construction, expansion, renovation, acquisition and equipment of facilities operated by American Baptist Homes, which is based in Pleasanton, Calif.

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