LOS ANGELES In what is shaping up as one of the largest-ever municipal financings, Los Angeles County plans to sell via negotiation $1.965 billion of pension obligation bonds next month, county officials said yesterday.

Proceeds from the transaction will finance the county's obligation to its retirement system and generate $150 million that will help balance the county's $14.5 billion fiscal 1995 budget, said the county's assistant chief administrative officer, Sandra M. Davis.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.