TERMS* [ Print Page ]    
Los.Angeles.City.TRAN.19
  Issuer City of Los Angeles
  State California
  Amount1 $1,660,440,000
  Type Issue/Series   2019 Tax and Revenue Anticipation Notes
  The coupon has been set at 5.00%
  Rating  
  • S&P: SP-1+
  • Moody's: MIG1
  •   Good Faith Due day prior to sale by 5pm PT:
  • 1% of notes bid for, minimum of $200,000, and
  • Complete and email Exhibit A in NOS - 'Authorization to Accept Electronic Bids'
    See NOS for details.

  •   Sale Date 6/26/19
      Dated Date 7/09/19
      Settlement Date2   7/09/19
      Sale Time 11:30 AM - 12:04 PM Eastern Time

      Interest Due 6/25/20
      Maturity Date 6/25/20
      Days to Maturity   346
      Day Basis 30/360
      Call Dates Non-callable
      Min. Bid Price   $10,000,000
      Min. Bid Increment   $100,000
      Premium Bids   Allowed
      Discount Bids   Not Allowed

      Bid Format Partial
      Auction Format  Open
      Award Basis TIC Semi-Annual Compounding
      Two-Minute Rule   Yes
      Bond Counsel Kutak Rock LLP
    Los Angeles, CA
      Web Site www.MuniAuction.com
      Contact Montague DeRose and Associates, LLC
    Westlake Village, CA
    Attn: Mr. Chia Yang
    Phone: (925) 357-9152
    Email: yang@montaguederose.com
      Issuer City of Los Angeles
    Attn: Natalie R. Brill
    Chief of Debt Management
    Phone: 213-473-7526
    Email: natalie.brill@lacity.org
    Terms as of 3/29/2024 @ 12:40 am
    1Preliminary, subject to change
    2Check offering documents or with Issuer and/or FA to ascertain if settlement is Firm or Tentative.
    * Disclaimer: This Term Sheet is provided by Grant Street Group for informational purposes and the convenience of bidders. Grant Street Group is not responsible for any inaccuracy in the information displayed. Bidders should carefully review the Notice of Sale and Preliminary Official Statement and decide whether to purchase Bonds solely on the basis of the information provided therein.

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