Los Angeles Community College District preps $310.48 million of G.O.s

By Sheri Kasprzak

New York, April 30 – The Los Angeles Community College District is set to price $310.48 million of series 2015C general obligation refunding bonds, according to a preliminary official statement.

The bonds (Aa1/AA+/) will be sold on a negotiated basis with Goldman, Sachs & Co. as the senior manager and Stifel, Nicolaus & Co. as the senior co-manager. The co-managers are Backstrom McCarley Berry & Co., Piper Jaffray & Co. and RBC Capital Markets LLC.

The bonds are due 2015 to 2026.

Proceeds will be used to refund the district’s election of 2001 series 2005A G.O. bonds.

© 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.