Los Angeles, Calif., lines up $1.46 billion sale of short-term notes

By Sheri Kasprzak

New York, June 14 – The City of Los Angeles is set to price $1.46 billion of series 2016 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 via Morgan Stanley & Co. LLC and Ramirez & Co. Inc. The co-manager is Williams Capital Group LP.

The notes will mature on June 29, 2017.

Proceeds will be used to finance capital expenditures in the coming fiscal year.

© 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.