Los Angeles County Sanitation to price $128.34 million revenue bonds

By Sheri Kasprzak

New York, June 24 - The Los Angeles County Sanitation Districts Financing Authority plans to price $128.34 million of series 2011 capital projects senior ad valorem obligation bonds, according to a preliminary official statement.

The bonds (Aa1/AA+/) will be sold on a negotiated basis with Bank of America Merrill Lynch as the senior manager. The co-managers are De La Rosa & Co. Inc. and Morgan Stanley & Co. Inc.

The bonds are due 2014 to 2023.

Proceeds will be used to refund and defease the authority's series 2003 bonds.

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