New Issue: Los Angeles brings $117 million of general obligation bonds

By Sheri Kasprzak

New York, July 19 - The City of Los Angeles sold $117 million of series 2011A general obligation bonds, said a pricing sheet.

The bonds (Aa3/AA-/AA-) were sold competitively, but calls to the issuer for the winning bidder were not returned by press time Tuesday.

The bonds are due 2012 to 2031 with 1.5% to 5% coupons.

Proceeds will be used to fund storm water pollution abatement projects.

Issuer:	City of Los Angeles
Issue:	Series 2011A general obligation bonds
Amount:	$117 million
Type:	Competitive
Ratings:	Moody's: Aa3
	Standard & Poor's: AA-
	Fitch: AA-
Pricing date:	July 19
Settlement date:	July 28
Amount	Maturity	Type	Coupon	Price
$5.85 million	2012	Serial	1.5%	101.383
$5.85 million	2013	Serial	2.5%	104.262
$5.85 million	2014	Serial	2.5%	105.337
$5.85 million	2015	Serial	3%	107.998
$5.85 million	2016	Serial	4%	113.048
$5.85 million	2017	Serial	4%	113.069
$5.85 million	2018	Serial	4%	112.737
$5.85 million	2019	Serial	4%	110.925
$5.85 million	2020	Serial	4.5%	113.645
$5.85 million	2021	Serial	5%	117.777
$5.85 million	2022	Serial	5%	117.1
$5.85 million	2023	Serial	5%	116.399
$5.85 million	2024	Serial	5%	115.642
$5.85 million	2025	Serial	5%	115.004
$5.85 million	2026	Serial	5%	114.054
$5.85 million	2027	Serial	5%	113.566
$5.85 million	2028	Serial	5%	112.956
$5.85 million	2029	Serial	5%	112.234
$5.85 million	2030	Serial	5%	111.409
$5.85 million	2031	Serial	5%	110.348

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