Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for Los Angeles > News item |
Los Angeles organizes $230.79 million wastewater revenue bond offering
By Sheri Kasprzak
New York, June 2 – The City of Los Angeles is expected to price $230,795,000 of series 2015 wastewater revenue bonds, according to a preliminary official statement.
The deal includes $100,645,000 of series 2015C green bonds (/AA+/AA+), $108.28 million of series 2015D refunding bonds (/AA+/AA+) and $21.87 million of series 2015A subordinate bonds (/AA/AA).
The bonds will be sold on a negotiated basis with Citigroup Global Markets Inc. and Jefferies & Co. as the senior managers. The co-managers are J.P. Morgan Securities LLC and Loop Capital Markets LLC.
The maturities have not been set.
Proceeds will be used to refund the city’s series 2009A and 2010A wastewater revenue bonds, defease its series 2002A bonds and refund outstanding commercial paper notes.
© 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.