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Los Angeles County Redevelopment preps $53.72 million bond offering
By Sheri Kasprzak
New York, Dec. 6 - The Los Angeles County Redevelopment Refunding Authority plans to price $53,715,000 of series 2013 tax allocation revenue refunding bonds, according to a preliminary official statement.
The deal includes $31,755,000 of series 2013A tax-exempt bonds (/AA-/), $11,815,000 of series 2013B taxable bonds (/AA-/) and $10,145,000 of series 2013C taxable bonds (/A-/).
The bonds will be sold on a negotiated basis with De La Rosa & Co. Inc. and Citigroup Global Markets Inc.
The maturities have not been set.
Proceeds will be used to refund existing debt.
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