Oakland schools, Calif., to sell $185 million in G.O. bonds Wednesday

By Sheri Kasprzak

New York, July 23 - The Oakland Unified School District of California plans to price $185 million in series 2009 general obligation bonds on Wednesday, according to a sales calendar.

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

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

The bonds are due 2010 to 2034.

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

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