City of Hope, Calif., coordinates $250 million sale of taxable notes

By Sheri Kasprzak

New York, June 13 - The City of Hope in California plans to sell $250 million of series 2013 taxable direct obligation notes, according to a preliminary official statement.

The notes (A1/A+/AA-) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager and Barclays and Wells Fargo Securities LLC as the co-managers.

The maturity date has not been set.

Proceeds will be used to construct a new inpatient/outpatient facility and to make other repairs and improvements to City of Hope facilities.

Based in Duarte, Calif., City of Hope operates medical research and clinical facilities.

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