Sacramento County Sanitation, Calif., to sell $78.02 million bonds

By Sheri Kasprzak

New York, July 29 - The Sacramento County Sanitation Districts Financing Authority of California plans to price $78.02 million of series 2011A revenue refunding bonds, according to a preliminary official statement.

The bonds (Aa3/AA/AA-) will be sold on a negotiated basis with Stone & Youngberg as the senior manager. The co-managers are Bank of America Merrill Lynch and J.P. Morgan Securities LLC.

The bonds are due 2022 to 2027.

Proceeds will be used to redeem the authority's $85.42 million of 5% series 2001 revenue bonds. The bonds are due for redemption on Aug. 26, 2011 and are due Dec. 1, 2027.

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