Los Angeles Harbor Department to sell $92.01 million refunding bonds

By Sheri Kasprzak

New York, June 17 - The Harbor Department of the City of Los Angeles plans to price $92.01 million of series 2011 refunding revenue bonds, said a preliminary official statement.

The offering includes $59.215 million of series 2011A AMT bonds and $32.795 million of series 2011B non-AMT bonds.

The bonds (Aa2/AA/AA) will be sold on a negotiated basis with Morgan Stanley & Co. Inc. and De La Rosa & Co. Inc. as the senior managers. The co-manager is Siebert Brandford Shank & Co. LLC.

The maturities have not been set.

Proceeds will be used to refund the department's series 2001A and 2001B bonds.

The department provides permits to the city's port occupants for port land, docks, transit shed, wharves, terminals and other property.

© 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.