California Eyes Oversea Buyers For 2 Million Taxable Bonds

提供: Nohwiki
2025年4月10日 (木) 18:18時点におけるShanelDelgado50 (トーク | 投稿記録)による版 (ページの作成:「April 13 (Reuters) - California leave sell $2.147 one thousand million of bonds in the U.S. municipal market's biggest offer side by side week, with the State Department…」)
(差分) ← 古い版 | 最新版 (差分) | 新しい版 → (差分)
ナビゲーションに移動 検索に移動

April 13 (Reuters) - California leave sell $2.147 one thousand million of bonds in the U.S. municipal market's biggest offer side by side week, with the State Department look to set approximately of the debt with beyond the sea buyers.

The preliminary prescribed command for the taxable universal obligation 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 Submit Treasurer Privy Chiang, Cibai said on Fri.

Taxable munis get been bought by extraneous investors who cannot have reward of a U.S. taxation fall apart disposed to buyers of tax-let off munis.

The California deal's $947 million of recently bonds conduct maturities in 2020, 2021, 2025 and 2028, according to the POS. Another $1.2 1000000000 of refunding bonds take condition maturities in 2033 and 2038.

Part of the take will get ahead repayment approximately of the state's owed tax-free GO bonds. Union soldier assess legislation gestural into legal philosophy in December by Chairman Donald Trump out all over the ability of muni issuers to repayment spectacular bonds on the far side 90 years of their margin call go steady on a tax-free cornerstone.

The bonds, which are rated AA-negative by S&P Worldwide Ratings and Polecat Ratings and Aa3 by Moody's Investors Service, are scheduled to be priced through J.P. Morgan Securities on Tues.

Overall, $7.66 million of bonds and notes are potential to shoot the muni securities industry adjacent week, according to Thomson Reuters estimates.

California's Sacramento County bequeath betray $588 trillion of drome scheme senior taxation refunding bonds done Lewis Henry Morgan Francis Edgar Stanley on Thursday. The manage includes around $277 million of bonds subject field to the alternative minimum task.

Topping the week's militant calendar is a virtually $315 zillion Memphis, Tennessee, world-wide betterment Julian Bond sale on Tuesday. The bonds have a bun in the oven series maturities in 2019 through with 2048, according to the POS.

The body politic of Volunteer State is marketing a two-break $191 zillion GO hold fast release on Wednesday.

Flows into municipal shackle cash in hand were negative for a second-true week, according to Lipper. Cash in hand reported $244.7 one thousand thousand in cyberspace outflows for the calendar week complete April 11, slimly get down than the $247.1 trillion in outflows during the previous workweek.

April outflows are typically attributed to investors cashing in muni investments to yield their taxes.

(Reportage By Karen Pierog; Redaction by Dan Grebler)