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Catholic Healthcare West to sell $90 million in fixed-rate bonds Thursday
By Sheri Kasprzak
New York, April 30 - Catholic Healthcare West plans to sell $90 million in fixed-rate insured bonds on Thursday, the issuer said Wednesday.
The bonds (A2/A/A+) will be sold on a negotiated basis with Citigroup Global Markets and Lehman Brothers as the lead managers.
The bonds will be sold through the California Statewide Communities Development Authority.
The proceeds from the deal will be exchanged for the authority's series 2007I and series 2007J auction-rate bonds.
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