California Statewide plans $286.34 million student housing bond sale

By Sheri Kasprzak

New York, Feb. 26 – The California Statewide Communities Development Authority is set to price $286,335,000 of series 2016 student housing refunding revenue bonds for the University of Irvine, Irvine East Campus Apartments on Tuesday, according to a preliminary official statement.

The bonds (Baa1) will be sold through senior managers Barclays and Loop Capital Markets LLC.

The maturities have not been set.

Proceeds will be used to refund the authority’s series 2004, 2006 and 2008 student housing revenue bonds, which were issued to construct student apartments at the University of Irvine.

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