The San Francisco Airport Commission refunds $110 million in fixed-rate revenue bonds with new variable-rate bonds to lower its overall interest cost.  •  The San Dieguito Union High School District responds to the turbulent auction-rate market by converting $90 million in ARS bonds to fixed-rate securities.  •  De La Rosa & Co. generates $41 million of retail orders to reduce yields and save the L.A. County Metropolitan Transportation Authority significant interest costs on a $25-million Sales Tax Revenue Bond issue.  •  The L.A. Community Redevelopment Agency obtains a strong investment-grade rating on a $12.5-million Taxable Tax-Allocation Bond issue for the Westlake Recovery Project.  •  Despite a tough market, Beverly Hills successfully refunds $31 million in water revenue bonds and $17 million in wastewater revenue bonds for economic savings.  •  The Gridley Redevelopment Agency clears various hurdles caused by tightening credit in the municipal market to successfully execute its first tax-allocation bond financing.  •  Riverside issues unenhanced Bond Anticipation Notes to mute the effects of the collapse of auction-rate securities and prudently control interest costs.  •  The Sacramento Regional County Sanitation District restructures $50 million in auction rate securities with better performing, direct pay variable-rate bonds backed by letters of credit.  • 
 

Chris Tota
Principal
Los Angeles Office
Tel: (310) 207-3616
ctota@ejdelarosa.com

Christopher Tota heads the Institutional Trading Department for De La Rosa & Co. Tota has nearly 20 years experience trading municipal bonds in the national arena, and has specialized in California credits. He has worked with distribution professionals to market municipal debt to retail and institutional investors.

Tota joined De La Rosa in 2008, after serving as Director of Tax-Exempt Risk and a Senior Managing Director at Bear Stearns in New York. Before that he was Director of Bear Stearns’ Los Angeles Municipal Bond Department.

Tota earned a Bachelor’s degree in Marketing at Southern New Hampshire University. He is registered with FINRA and holds licenses 7, 52, 53 and 63, and is a Municipal Principal. He was President of the Los Angeles Municipal Bond Club in 2006, and served on the Board of the California Public Securities Association in 2005-2006.

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