Long Beach Bond Finance Authority, Calif., looking to buy back some series 2007 revenue bonds

By Angela McDaniels

Tacoma, Wash., July 1 - Long Beach Bond Finance Authority in California is evaluating options for repurchasing a portion of its series 2007A and series 2007B natural gas purchase revenue bonds, according to a notice from the authority.

Options being explored include open-market purchases, privately negotiated transactions and public or private tender offers.

The authority noted that whether any purchases or tenders take place will depend on factors that include approvals by the issuer and the Long Beach City Council and on market conditions.

Questions can be directed to Ed Curland or James Nacos of Merrill Lynch, Pierce, Fenner & Smith Inc. at 212 449-7358.

The series 2007A bonds being considered for repurchase are those due to mature on Nov. 15 of 2009 through 2024 and on Nov. 15 of 2027, 2028, 2029, 2030, 2032, 2035 and 2037.

The series 2007B bonds that might be repurchased are those due to mature on Nov. 15 of 2025, 2026, 2027 and 2033.

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