Los Angeles prepares for $95 million sale of wastewater system bonds

By Sheri Kasprzak

New York, March 27 - The City of Los Angeles plans to price $95 million of series 2012A wastewater system subordinate revenue refunding bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Barclays Capital Inc. and Stone & Youngberg as the senior managers.

The maturity dates have not been set.

Proceeds will be used to current refund existing wastewater system subordinate revenue bonds.

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