California Statewide Communities to price $273.54 million notes Monday

By Cristal Cody

Springdale, Ark., June 5 - The California Statewide Communities Development Authority expects to price $273.535 million tax and revenue anticipation notes on Monday, a source said Thursday.

The series 2008A1 notes (MIG1) will be sold for a pool that includes 12 cities, nine counties and four special districts.

Financial Security Assurance has a limited insurance policy on 15% of the notes.

JPMorgan will manage the negotiated sale.

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