Los Angeles County, Calif., preps $51 million sale of refunding COPs

By Sheri Kasprzak

New York, Feb. 27 - The County of Los Angeles is set to price $51 million of series 2012 refunding certificates of participation on behalf of the Disney Concert Hall Parking Garage, according to a preliminary official statement.

The COPs (A1/A+/A+) will be sold through senior managers Wells Fargo Securities LLC and De La Rosa & Co. Inc.

The certificates are due 2020 to 2023.

Proceeds will be used to prepay all of the outstanding series 1998 certificates of participation on April 20 at par.

© 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.