November 9, 2007 – Oakland Diocese Preps $110M Sale: Taxable Deal Would Fund New Cathedral


(11/09/07 – The Bond Buyer) The daily newspaper of public finance, The Bond Buyer, reports that “the Diocese of Oakland exemplifies the increasing sophistication many Roman Catholic dioceses are employing in their approach to capital finance.” The diocese will be borrowing $114,700,000 from Deutsche Bank to finance a new cathedral.