Santa Monica Community College, Calif., offers $147 million G.O. bonds

By Sheri Kasprzak

New York, June 3 - The Santa Monica Community College District of California is expected to come to market during the week of June 3 with $147 million of series 2013 general obligation refunding bonds, according to a calendar of upcoming deals.

The offering includes $122 million of election of 2002 series 2013A G.O. refunding bonds and $25 million of election of 2004 series 2013B taxable G.O. refunding bonds.

The bonds (Aa2) will be sold through lead manager RBC Capital Markets LLC.

Proceeds will be used to refund district bonds that were authorized during the district's March 2002 and November 2004 bond elections.

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