Palomar Pomerado Health, Calif., sets $166.02 million sale of COPs

By Sheri Kasprzak

New York, Oct. 29 - Palomar Pomerado Health of California is expected to price $166.015 million in series 2010 certificates of participation, according to a preliminary official statement.

Citigroup Global Markets Inc. is the senior manager for the COPs (Baa3//BB+).

The maturities have not yet been determined.

Proceeds will be used to finance construction costs of Palomar Pomerado's health facility plan, to fund capitalized interest and to make a deposit to a debt service reserve fund.

Based in San Diego, Palomar Pomerado operates health facilities in San Diego County.

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