Grossmont Union High School, Calif., plans $60 million sale of G.O.s

By Sheri Kasprzak

New York, March 26 - The Grossmont Union High School District of California is set to sell $60 million in series 2009A general obligation bonds, according to a preliminary official statement.

The bonds (Aa3/AA-/) will be sold on a negotiated basis with De La Rosa & Co. as the lead manager. The co-managers are Stone & Youngberg LLC, Merrill Lynch & Co. Inc. and Citigroup Global Markets Inc.

The maturities have not yet been set for the bonds.

Proceeds will be used to construct, improve and modernize various facilities within the district, which is located in San Diego.

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