"Feb. 18 (Bloomberg) -- The Los Angeles Unified School District, the nation’s second-largest after New York, plans to sell about $1.75 billion of bonds today to fund what is described as the largest school construction program in the U.S.
More than two-thirds of the offering will be taxable Build America Bonds, totaling $1.25 billion, making it the largest such sale since the Bay Area Toll Authority sold $1.3 billion in October. The issue, which also will include tax-exempts, accounts for 23 percent of this week’s expected total sales, according to data compiled by Bloomberg. Part of the voter- approved general obligations will be used to refinance debt."
