By Sheri Kasprzak
New York, Feb. 19 - The California Statewide Communities Development Authority priced $49,855,000 of series 2014 revenue bonds for the California Baptist University, according to a pricing sheet. The deal was downsized from $61,015,000.
The bonds were sold through underwriter D.A. Davidson & Co.
The bonds are due in 2023, 2033 and 2043. The 2023 bonds have a 5.125% coupon, the 2033 bonds have a 6.125% coupon and the 2043 bonds have a 6.375% coupon, all priced at par.
Proceeds will be used to acquire an apartment complex for student housing and to lease student housing for the School of Nursing.
| Issuer: | California Statewide Communities Development Authority/California Baptist University
|
| Issue: | Series 2014 revenue bonds
|
| Amount: | $48,855,000
|
| Type: | Negotiated
|
| Underwriter: | D.A. Davidson & Co.
|
| Pricing date: | Feb. 12
|
| Settlement date: | March 18
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $4,995,000 | 2023 | Term | 5.125% | 100
|
| $15.62 million | 2033 | Term | 6.125% | 100
|
| $29.24 million | 2043 | Term | 6.375% | 100
|
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