Orange County, Calif., to sell $235.77 million airport bonds Tuesday

By Sheri Kasprzak

New York, June 25 - Orange County, Calif., plans to sell $235.765 million in series 2009 airport revenue bonds on Tuesday, according to an offering calendar.

The bonds (Aa3/AA-/AA-) will be sold through lead manager Citigroup Global Markets Inc. with co-managers Banc of America Securities LLC and J.P. Morgan Securities Inc.

Proceeds will be used to fund airport facilities and improvements, as well as to fund a debt service reserve fund.

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