Orange County, Calif., organizes $339.63 million of obligation bonds

By Sheri Kasprzak

New York, Jan. 5 – Orange County, Calif., is expected to price $339,625,000 of series 2015A taxable pension obligation bonds, according to a preliminary official statement.

The bonds (/AA-/AA/F1+) will be sold on a negotiated basis with J.P. Morgan Securities LLC and Stifel, Nicolaus & Co. Inc. as the senior managers.

The bonds are due 2015 to 2016.

Proceeds will be used to fund pension obligations for county employees.

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