Los Angeles Unified School District plans $750 million sale of TRANs

By Sheri Kasprzak

New York, July 22 - The Los Angeles Unified School District is expected to price $750 million in series 2009-2010A tax and revenue anticipation notes, according to a preliminary official statement.

The notes are due Aug. 12, 2010.

Barclays Capital Inc. is the senior manager. The co-managers are Citigroup Global Markets Inc., J.P. Morgan Securities Inc. and De La Rosa & Co.

Proceeds will be used to fund general capital requirements for the district during the fiscal year.

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