California State University
Systemwide Revenue Bonds, Series 2017A and
Series 2017B (Taxable)

California State University

The Series 2017 Bonds are being issued to finance and refinance the acquisition, construction, renovation and improvement of certain facilities of the California State University and to refinance certain prior bonds to achieve debt service savings.


Issuance characteristics
  • Refunding
  • Contains callable maturities
  • Limited obligation
  • Mixed tax
  • Revenue
  • Negotiated sale

About this bond issuance

  • Purpose

    The Series 2017 Bonds are being issued to finance and refinance the acquisition, construction, renovation and improvement of certain facilities of the California State University and to refinance certain prior bonds to achieve debt service savings.

  • Obligor

    Trustees of the California State University

  • Issuer

    Trustees of the California State University

  • Authority

    The State University Revenue Bond Act of 1947, Sections 90010 through 90081 of the Education Code of the State of California and an indenture, dated as of April 1, 2002.

  • Security

    The Series 2017 Bonds are limited obligations of the Board and will be secured on a parity with the $4,764,403,000 aggregate principal amount of revenue bonds that are issued and outstanding pursuant to the Indenture as of January 1, 2017, of which approximately $4.5 billion are fixed-rate Bonds and $250 million are Bonds which have fixed term rates through various mandatory tender dates.

  • Trustee

    The Board of the California State University

Ratings

Ratings

AA-

S&P

Aa2

Moody's

Fitch

Financing team

Neighborly Securities
Neighborly is a market participant on this issuance.