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Los Angeles Unified School District plans $150 million of G.O. bonds
By Sheri Kasprzak
New York, April 11 - The Los Angeles Unified School District of California is expected to price $150 million of series 2012A general obligation refunding bonds, according to a preliminary official statement.
The bonds (Aa2/AA-/) will be sold on a negotiated basis with De La Rosa & Co. Inc. and Morgan Stanley & Co. LLC as the senior managers. The co-manager is Rice Financial Products Co.
The maturity dates have not been set.
Proceeds will be used to refund existing G.O. debt.
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