San Diego-based Imperial Savings announced the public...

San Diego-based Imperial Savings announced the public offering of $188 million of Class A mortgage pass-through securities.

First Boston Corp. and Salomon Brothers Inc. are co-managers of a 16-member underwriting syndicate that is offering the securities.

Imperial will use proceeds from the securities sale to originate or purchase additional mortgage loans, to reimburse itself for amounts used to originate and pool loans in these securities, and for general corporate purposes.