Oakland, Calif., plans $78.23 million short-term note deal for June 6

By Sheri Kasprzak

New York, May 30 - The City of Oakland, Calif., is slated to price $78.23 million of series 2013-14 tax and revenue anticipation notes on June 6, according to a preliminary official statement.

The notes (MIG 1/SP-1+/) will be sold competitively with Public Resources Advisory Group as the financial adviser.

The notes are due June 30, 2014.

Proceeds will be used to finance general capital requirements for the city ahead of the collection of taxes and revenues.

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