California Infrastructure and Economic Development Bank to price $61.915 million Oakland bonds

By Cristal Cody

Springdale, Ark., April 22 - The California Infrastructure and Economic Development Bank intends to price $61.915 million lease revenue bonds on Thursday, a source with the state told Prospect News.

The series 2008 Oakland Unified School District state school fund apportionment lease revenue bonds (A3/A/A-) have serial maturities from Aug. 15, 2008 through Aug. 15, 2023.

Banc of America Securities LLC is the senior manager of the negotiated sale.

Stone & Youngberg LLC, E.J. De La Rosa & Co., Great Pacific Securities, Toussaint Capital Partners LLC and UBS Securities LLC are the co-managers.

Proceeds will be used to refund the Oakland Unified School District series 2005C lease revenue bonds.

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