California Educational Facilities to sell $410 million Stanford bonds

By Sheri Kasprzak

New York, April 28 - The California Educational Facilities Authority is set to price $410 million of series 2014 revenue bonds for Stanford University during the week of April 28, according to a preliminary official statement.

The deal includes $125 million of series U-5 bonds and $285 million of series U-6 bonds.

The bonds (Aaa/AAA/AAA) will be sold on a negotiated basis.

Goldman Sachs & Co. and Barclays are the senior managers for the series U-5 bonds. The co-managers for the series U-5 bonds are Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC. Wells Fargo and Barclays are the underwriters for the series U-6 bonds.

The series U-5 bonds are due May 1, 2021, and the series U-6 bonds are due May 1, 2045.

Proceeds will be used to finance or refinance capital projects and redeem commercial paper notes.

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