Los Angeles Unified School District plans to sell $1.75 billion G.O. bonds Thursday

By Sheri Kasprzak

New York, Feb. 16 - The Los Angeles Unified School District plans to sell $1,745,995,000 in series 2010 general obligation bonds on Thursday, according to a sales calendar.

The bonds (Aa3/AA-/) will be sold through Citigroup Global Markets Inc., which is the joint bookrunner for the series RY, the lead manager for the KRY bonds and the sole manager for the series I and A bonds. Goldman Sachs & Co. and Morgan Stanley & Co. are the joint bookrunners for the series RY bonds, and Morgan Stanley is the joint bookrunner for the KRY bonds.

RBC Capital Markets Corp., Stone & Youngberg and Rice Financial Products Co. are the co-managers for the KRY bonds. The co-managers for the A bonds are De La Rosa & Co. and Ramirez & Co.

Proceeds will be used to construct new schools, repair and renovate existing schools, improve technology systems, purchase library books and refund debt.

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