Oakland, Calif., to price $164 million TRANs via Barclays, JPMorgan

By Sheri Kasprzak

New York, June 29 - The city of Oakland in California plans to sell $164 million in series 2009-2010 tax and revenue anticipation notes (MIG1/SP-1+/F1+), according to a preliminary official statement.

The sale includes $117 million in series 2009A notes and $47 million in series 2009B notes.

The 2009A notes will be sold through lead manager Barclays Capital Inc. and the 2009B notes will be sold through lead manager J.P. Morgan Securities Inc.

Both notes are due July 16, 2010.

Proceeds will be used to fund general expenditures, capital expenditures and the city's contribution to the state's Public Employee Retirement System.

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