|
|
Article: Los Angeles County sets up its stand ahead of New York with sale of trans. (tax and revenue anticipation notes)
- Article from:
- The Bond Buyer
- Article date:
- June 13, 1991
- Author:
CopyrightCOPYRIGHT 1991 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
LOS ANGELES -- Los Angeles County plans today to sell $1.3 billion of tax and revenue anticipation notes, edging into the market ahead of the mammoth sale of New York State notes planned for next week.
"We think it's better now than later" to sell Los Angeles County notes because of the huge supply of pending short-term deals, both in California and out of state, said Robert J. Larkins, a vice president of Morgan Stanley & Co., senior manager on the county issue.
The county's deal, which is the biggest note issue in its history, had tentatively been set for pricing on June 19, the same day on which New York plans to price a $3.9 billion revenue ...