Long Beach, Calif., coordinates $194.13 million sale of harbor bonds

By Sheri Kasprzak

New York, April 9 – The City of Long Beach, Calif., is set to price $194,125,000 of series 2015 harbor revenue bonds, according to a preliminary official statement.

The offering includes $44,945,000 of series 2015A AMT refunding bonds, $20.3 million of series 2015B non-AMT refunding bonds, $64,185,000 of series 2015C AMT bonds and $64,695,000 of series 2015D non-AMT bonds.

The bonds (/AA/AA) will be sold through RBC Capital Markets LLC with Citigroup Global Markets Inc. and Siebert Brandford Shank & Co. LLC.

The maturities have not been set.

Proceeds will be used to finance capital improvements to the city’s port, as well as to refund its series 2005 senior bonds.

© 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.