Oakland school district, Calif., to sell $185 million in G.O. bonds

By Sheri Kasprzak

New York, July 20 - The Oakland Unified School District in California is set to price $185 million in series 2009 general obligation bonds, according to a preliminary official statement.

The sale includes $48.46 million in series 2009A G.O. bonds, $110.22 million in series 2009B Build America Bonds G.O.s and $26.32 million in series 2009C G.O. bonds.

The bonds (Baa1/BBB+/) will be sold through J.P. Morgan Securities Inc. with Piper Jaffray & Co. and Siebert Brandford Shank & Co. LLC as the co-managers.

The maturities have not been set.

Proceeds will be used to modernize, renovate and repair schools within the district.

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