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Los Angeles organizes $1.2 billion sale of TRANs for Wednesday
By Sheri Kasprzak
New York, June 25 - The City of Los Angeles is expected to come to market Wednesday with $1.2 billion of series 2012 tax and revenue anticipation notes, according to a sales calendar.
The notes (//F1+) will be sold on a negotiated basis with Loop Capital Markets LLC as the lead manager.
Proceeds from the offering will fund general capital expenditures for 2013 ahead of the collection of certain taxes and revenues.
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