Los Angeles Community College to sell $125 million G.O.s Wednesday

By Sheri Kasprzak

New York, June 25 - The Los Angeles Community College District is expected to price $125 million in election of 2008 series 2010 general obligation bonds on Wednesday, according to a sales calendar.

The bonds will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager.

The co-managers are De La Rosa & Co.; Morgan Stanley & Co. Inc.; Backstrom McCarley Berry & Co. LLC; Bank of America Merrill Lynch; Goldman, Sachs & Co.; Ramirez & Co. Inc.; and Siebert Brandford Shank & Co. LLC.

Proceeds will be used to install upgraded emergency lighting and security systems at all community colleges in the city, improve and add walkways, sidewalks and roads at the campuses and construct energy infrastructure systems.

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