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Prospect News home > News index > List of issuers S > Headlines for Sacramento County > News item
Published on 10/5/2011 in the Prospect News Municipals Daily.

Sacramento County, Calif., plans $75 million pension obligation bonds

By Sheri Kasprzak

New York, Oct. 5 - Sacramento County in California is set to price $75 million of series 2011B taxable pension obligation bonds, according to a preliminary official statement.

The bonds (Aa3/AA+/) will be sold on a negotiated basis with J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC as the senior managers.

The bonds are due Aug. 1, 2024.

Proceeds will be used to refund the county's series 2009 taxable pension obligation bonds.


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