West Basin Municipal Water District, Calif., offers $50 million bonds

By Sheri Kasprzak

New York, Oct. 27 - The West Basin Municipal Water District of California is set to price $50 million of series 2011B refunding revenue bonds, according to a preliminary official statement.

The bonds (Aa2/AA-/) will be sold on a negotiated basis with De La Rosa & Co. Inc. and Citigroup Global Markets Inc.

The maturities have not been set.

Proceeds will be used to refund the district's series 2003A and 2010A certificates of participation.

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