Kern County, Calif., to sell $93.47 million certificates Tuesday via JPMorgan

By Sheri Kasprzak

New York, April 6 - Kern County in California is set to price $93.465 million in series 2009A certificates of participation on Tuesday, according to a preliminary official statement.

The certificates (A3/A+/) will be sold on a negotiated basis with J.P. Morgan Securities Inc. as the senior manager. The co-managers include Citigroup Global Markets Inc., Piper Jaffray & Co. and Wedbush Morgan Securities Inc.

The COPs are due 2011 to 2029 with a term bond due 2035.

Proceeds will be used to construct, reconstruct and improve roads within the county.

The county seat of Kern County is Bakersfield.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.