Los Angeles, Calif., considers refunding bond sale for week of June 8

By Sheri Kasprzak

New York, May 14 – The City of Los Angeles is anticipating the issuance of refunding bonds during the week of June 8, the city said in a statement released Thursday.

The proposed bonds will be offered through a syndicate led by Citigroup Global Markets Inc.

The offering of series 2015C-D tax-exempt bonds will be used to advance refund outstanding wastewater system revenue bonds and to refinance outstanding commercial paper.

The sale of the bonds is contingent upon market conditions and is not guaranteed.

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