By Sheri Kasprzak
New York, June 15 - The Los Angeles Unified School District priced $540 million of series 2010-11 tax and revenue anticipation notes, said a term sheet.
The 2% notes are due June 30, 2011 and were not reoffered.
The lead managers were Bank of America Merrill Lynch and Piper Jaffray & Co. The co-managers were Backstrom McCarley Berry & Co. LLC, De La Rosa & Co. and Stone & Youngberg.
Proceeds will be used to finance capital requirements and the district's workers' compensation fund ahead of the collection of taxes and revenues.
Issuer: | Los Angeles Unified School District
|
Issue: | Series 2010-11 tax and revenue anticipation notes
|
Amount: | $540 million
|
Maturity: | June 30, 2011
|
Coupon: | 2%
|
Type: | Negotiated
|
Underwriters: | Bank of America Merrill Lynch and Piper Jaffray & Co. (lead); Backstrom McCarley Berry & Co. LLC; De La Rosa & Co.; and Stone & Youngberg (co-managers)
|
Pricing date: | June 15
|
Settlement date: | July 1
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.