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Published on 12/23/2011 in the Prospect News Municipals Daily.

Orange County, Calif., preps sale of taxable pension obligation bonds

By Sheri Kasprzak

New York, Dec. 23 - Orange County, Calif., plans to bring to market $240 million of series 2012A taxable pension obligation bonds, according to a preliminary official statement.

The bonds (Aa2/A+) will be sold on a negotiated basis with Morgan Stanley & Co. LLC.

The bonds are due 2012 to 2013.

Proceeds will be used to refund the county's 2012 debenture.


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