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Orange County, Calif., preps sale of taxable pension obligation bonds
By Sheri Kasprzak
New York, Dec. 23 - Orange County, Calif., plans to bring to market $240 million of series 2012A taxable pension obligation bonds, according to a preliminary official statement.
The bonds (Aa2/A+) will be sold on a negotiated basis with Morgan Stanley & Co. LLC.
The bonds are due 2012 to 2013.
Proceeds will be used to refund the county's 2012 debenture.
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