「California Eyes Abroad Buyers For 2 Million Taxable Bonds」の版間の差分
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2025年4月10日 (木) 20:14時点における版
April 13 (Reuters) - California bequeath deal $2.147 one thousand million of bonds in the U.S. municipal market's biggest offer adjacent week, with the res publica looking at to post close to of the debt with oversea buyers.
The overture administrative unit affirmation for the taxable world-wide duty bonds includes advisories for countries in Europe and Asia.
"The state has included language in the POS to allow for international investor participation," Marc Lifsher, spokesman for California Body politic Financial officer Whoremaster Chiang, aforesaid on Friday.
Taxable munis cause been bought by foreign investors World Health Organization cannot accept reward of a U.S. assess intermission granted to buyers of tax-relieve munis.
The Calif. deal's $947 trillion of New bonds deport maturities in 2020, 2021, 2025 and 2028, according to the POS. Some other $1.2 million of refunding bonds get terminus maturities in 2033 and 2038.
Part of the return volition gain repayment roughly of the state's owing tax-relieve GO bonds. Government task legislating sign into law in Dec by Prexy Donald Trumpet complete the power of muni issuers to repay striking bonds beyond 90 years of their yell appointment on a tax-free footing.
The bonds, which are rated AA-minus by S&P Orbicular Ratings and Polecat Ratings and Aa3 by Moody's Investors Service, are scheduled to be priced through and through J.P. Morgan Securities on Tuesday.
Overall, $7.66 zillion of bonds and notes are expected to attain the muni commercialise adjacent week, according to Sir George Paget Thomson Reuters estimates.
California's Sacramento County will betray $588 zillion of airdrome organization older receipts refunding bonds done Morgan Henry M. Stanley on Thursday. The deal includes some $277 jillion of bonds depicted object to the alternative minimum revenue enhancement.
Topping the week's competitory calendar is a almost $315 meg Memphis, Tennessee, full general melioration stick sales agreement on Tuesday. The bonds dribble series maturities in 2019 through with 2048, according to the POS.
The country of Volunteer State is marketing a two-set out $191 1000000 GO hold fast effect on Wednesday.
Flows into gathering Bond funds were electronegative for a second-square week, according to Lipper. Funds reported $244.7 billion in net profit outflows for Kontol the calendar week complete Apr 11, slenderly lour than the $247.1 zillion in outflows during the late workweek.
April outflows are typically attributed to investors cashing in muni investments to earnings their taxes.
(Reporting By Karen Pierog; Redaction by Dan Grebler)