Long Beach, Calif., plans $60.27 million airport revenue bonds, BABs

By Sheri Kasprzak

New York, Nov. 9 - The city of Long Beach in California is expected to price $60.265 million in series 2009 senior airport revenue bonds, according to a preliminary official statement.

The sale includes $8.875 million in series 2009A bonds, $6.59 million in series 2009B refunding bonds and $44.8 million in series 2009C Build America Bonds.

The bonds (A2/A-/) will be sold through senior managers J.P. Morgan Securities Inc. and De LaRosa & Co.

The 2009A bonds are due 2012 to 2022 and the 2009B bonds are due 2010 to 2016. The 2009C bonds are due 2024, 2029 and 2039.

Proceeds will be used to refund the city's series 1993 debt, as well as to construct a parking structure at the city's airport.

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