Los Angeles coordinates $1.36 billion offering of short-term notes

By Sheri Kasprzak

New York, June 16 – The City of Los Angeles plans to price $1,363,520,000 of series 2014 tax and revenue anticipation notes, according to a preliminary official statement.

The notes (MIG 1/SP-1+/F1+) will be sold on a negotiated basis with Ramirez & Co. Inc. as the senior manager and Stifel, Nicolaus & Co. and Citigroup Global Markets Inc. as the co-managers.

The notes are due June 25, 2015.

Proceeds will be used to finance capital projects for the city.

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