Long Beach, Calif., plans to sell $54 million in TRANs via Merrill

By Sheri Kasprzak

New York, Sept. 11 - The city of Long Beach, Calif., is expected to bring to market $54 million in series 2009-2010 tax and revenue anticipation notes, according to a preliminary official statement.

The notes (MIG1/SP-1+/F1+) will be sold on a negotiated basis with Merrill Lynch & Co. Inc. as the senior manager.

The notes are due Sept. 30, 2010.

Proceeds will be used to fund general expenses ahead of the collection of certain taxes and revenues.

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