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Oakland, Calif., set to sell $64.46 million in G.O. bonds on July 16
By Sheri Kasprzak
New York, July 8 - The city of Oakland in California is planning to sell $64.455 million in series 2009B, Measure DD general obligation bonds on July 16, according to a preliminary official statement.
The bonds (A1/AA-/A+) will be sold on a negotiated basis with J.P. Morgan Securities Inc. and De La Rosa & Co. as the senior managers.
The bonds are due 2010 to 2029 with term bonds due 2034 and 2039.
Proceeds will be used to construct and improve various city facilities.
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