Los Angeles to sell $277.7 million G.O. refunding bonds April 10

By Sheri Kasprzak

New York, March 27 - The City of Los Angeles is set to price $277.7 million of series 2012A general obligation refunding bonds on April 10, according to a preliminary official statement.

The bonds (Aa3/AA-/AA-) will be sold on a competitive basis with Public Resources Advisory Group and KNN Public Finance as the financial advisers.

The maturity dates have not been set.

Proceeds will be used to refund the city's series 2004A, 2005A and 2006A G.O. bonds.

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