Orange County, Calif., to sell $235.77 million in bonds on Wednesday

By Sheri Kasprzak

New York, June 30 - Orange County in California plans to price its previously announced $235.765 million in series 2009 airport revenue bonds on Wednesday, said Courtney Wiercioch, spokeswoman for the county's airport.

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

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

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