Sacramento County, Calif., to price $129.28 million refunding COPs

By Sheri Kasprzak

New York, Feb. 23 - The County of Sacramento in California is set to sell $129.28 million in series 2010 refunding certificates of participation, according to a preliminary official statement.

The bonds (Baa2/A-/A-) will be sold on a negotiated basis with De La Rosa & Co. and Bank of America Merrill Lynch as the lead managers.

The maturities have not been set.

Proceeds will be used to refund the county's series 1990, 1999 and 2003 COPs and to pay for the termination of swap agreements related to the refunded COPs.

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