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Published on 4/27/2012 in the Prospect News Municipals Daily.

Los Angeles Unified School District to sell $159.74 million of COPs

By Sheri Kasprzak

New York, April 27 - The Los Angeles Unified School District is set to price $159.74 million of series 2012 headquarters building project refunding certificates of participation, said a preliminary official statement.

The deal includes $87.9 million of series 2012A COPs and $71.84 million of series 2012B COPs.

The certificates will be sold through senior managers RBC Capital Markets LLC and Piper Jaffray & Co. The co-manager is Backstrom McCarley Berry & Co. LLC.

The maturity dates have not been set.

Proceeds will be used to refund the district's series 2008A-B certificates.


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