Los Angeles Unified School District prepares $138.47 million bond sale

By Sheri Kasprzak

New York, July 23 – The Los Angeles Unified School District is set to price $138.47 million of series 2014 general obligation bonds, according to a preliminary official statement.

The offering includes $71,435,000 of election of 2004 series 2014J G.O.s, $34,875,000 of election of 2005 series 2014K G.O.s, $7,035,000 of election of 2004 series 2014K taxable bonds and $25,125,000 of election of 2005 series 2014L taxable G.O. bonds.

The bonds will be sold on a negotiated basis with Raymond James/Morgan Keegan as the senior manager and Edward D. Jones & Co. LP, Academy Securities Inc. and Ramirez & Co. Inc. as the co-managers.

The 2014J bonds are due 2015 to 2017 and the series 2014K taxable bonds are due 2015 to 2017. The series 2014K bonds are due 2015 to 2019 and the 2014L bonds are due 2015 to 2017.

Proceeds will be used to construct, improve and expand school facilities within the district, including improving earthquake and fire safety measures.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.