Long Beach Bond Finance, Calif., plans $71.09 million refunding bonds

By Sheri Kasprzak

New York, Nov. 19 - The Long Beach Bond Finance Authority of California plans to sell $71.09 million of series 2012 lease revenue refunding bonds, according to a preliminary official statement.

The offering includes $56.14 million of series 2012A lease revenue refunding bonds and $14.95 million of series 2012B taxable lease revenue refunding bonds.

The bonds (/A+/AA-) will be sold on a negotiated basis with Loop Capital Markets LLC and Bank of America Merrill Lynch as the senior managers.

The maturities have not been set.

Proceeds will be used to refund the authority's series 1998, 2001, 2002 and 2005 lease revenue 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.