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Los Angeles County plans to sell $1.5 billion TRANs due 2011
By Sheri Kasprzak
New York, June 1 - The County of Los Angeles in California plans to bring to market $1.5 billion in series 2010-11A tax and revenue anticipation notes, according to a preliminary official statement.
The notes will be sold on a negotiated basis with Citigroup Global Markets Inc. The co-managers are J.P. Morgan Securities Inc., Wells Fargo Securities LLC, M.R. Beal & Co., Siebert Brandford Shank & Co. LLC and Southwest Securities Inc.
The notes are due June 30, 2011.
Proceeds will be used to fund capital expenditures, current expenses and the discharge of other obligations or debt during fiscal year 2010-2011.
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