Contra Costa County last week issued its first long-term obligations since rating agencies voiced credit concerns over an anti-discrimination lawsuit filed against the county in federal district court.

Eight underwriting syndicates submitted sealed bids last Tuesday for the county's $23.1 million of certificates of participation. The award went to a syndicate headed by BA Securities Group, Stone & Youngberg, and Kidder, Peabody & Co. with a true interest cost of 6.4920%.

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