Los Angeles Community College to sell $621.415 million G.O. bonds

By Sheri Kasprzak

New York, Sept. 8 - The Los Angeles Community College District in California intends to sell its previously announced $621.415 million in general obligation bonds on Tuesday, according to a calendar of upcoming sales released Monday.

The bonds (Aa2/AA/) will be sold through senior managers Citigroup Global Markets and Goldman, Sachs & Co. The co-managers are Backstrom McCarley Berry & Co., Banc of America Securities LLC, De La Rosa & Co., Morgan Stanley & Co. Inc., Ramirez & Co. and Siebert Brandford Shank & Co.

The sale includes $276.5 million in series 2008E-1 bonds and $344.915 million in series 2008F-1 bonds.

Proceeds will be used for the construction, equipping, acquisition and furnishing of district facilities.

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