Los Angeles Unified School District plans to sell $83.65 million COPs

By Sheri Kasprzak

New York, Dec. 6 - The Los Angeles Unified School District is set to price $83.65 million of series 2010 certificates of participation, according to a preliminary official statement.

The offering includes $21.56 million of series 2010B-1 Build America Bonds and $62.09 million of series 2010B-2 tax-exempt COPs.

The bonds (A1/A+/) will be sold on a negotiated basis with De La Rosa & Co. and Barclays Capital Inc. as the senior managers.

Proceeds will be used to improve existing school facilities, as well as to construct new schools within the district.

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