Los Angeles Unified School District plans $400 million of G.O. bonds

By Sheri Kasprzak

New York, Sept. 21 - The Los Angeles Unified School District of California plans to bring $400 million of series 2011A general obligation refunding bonds, according to a preliminary official statement.

The bonds will be sold in two tranches, the exact breakdown of which has not been determined.

The senior manager for the offering is Citigroup Global Markets Inc. The co-managers are Bank of America Merrill Lynch, RBC Capital Markets LLC, De La Rosa & Co. Inc. and Backstrom McCarley Berry & Co. LLC.

The maturities have not been set.

Proceeds will be used to refund the school district's election of 1997 series 2003F G.O. bonds and its election of 2002 series 2003A G.O. bonds.

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