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Article: California agency completes issuance for Catholic hospitals.(California Health Facilities Authority, Catholic Healthcare West)(Far West: Market)
- Article from:
- The Bond Buyer
- Article date:
- May 31, 1996
- Author:
CopyrightCOPYRIGHT 1996 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The California Health Facilities Authority this week completed the final phase of a two-part plan to issue $265 million of bonds on behalf of Catholic Heathcare West, a statewide hospital system.
The authority on Tuesday sold $105 million of variable-rate tax-exempt bonds that will be used for the hospital system. The deal came after a $160 million sale of fixed-rate bonds on May 9.
"The primary use of bond proceeds will be used for capital expenditures incurred at a number of Catholic Healthcare West hospitals throughout California," said state Treasurer Matt Fong, who is also chairman of the authority. "In addition, part of the proceeds will be used to ...