By Sheri Kasprzak
New York, May 21 - The California Statewide Communities Development Authority priced $750 million in series 2009A revenue bonds for Kaiser Permanente, said a sellside source who saw the deal.
The offering is part of a planned $1.6 billion. The remaining $850 million is expected to price Tuesday.
The 2013 bonds were priced to yield 3.35% and the 2019 bonds were priced to yield 4.68%.
Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. were the lead managers. The co-manager was Goldman, Sachs & Co.
Proceeds will be used to renovate, construct, acquire and equip Kaiser Permanente hospitals.
| Issuer: | California Statewide Communities Development Authority/Kaiser Permanente
|
| Issue: | Series 2009A revenue bonds
|
| Amount: | $750 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. (lead); Goldman, Sachs & Co. (co-manager)
|
| Pricing date: | May 21
|
|
|
| Maturity | Type | Yield
|
| 2013 | Term | 3.35%
|
| 2019 | Term | 4.68%
|
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