California Eyes Oversea Buyers For 2 1000000000 Nonexempt Bonds

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2026年1月15日 (木) 09:06時点におけるTysonBalser594 (トーク | 投稿記録)による版 (ページの作成:「Apr 13 (Reuters) - Calif. volition trade $2.147 trillion of bonds in the U.S. municipal market's biggest oblation adjacent week, with the posit looking for to post close…」)
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Apr 13 (Reuters) - Calif. volition trade $2.147 trillion of bonds in the U.S. municipal market's biggest oblation adjacent week, with the posit looking for to post close to of the debt with beyond the sea buyers.

The prelim prescribed assertion for memek the nonexempt ecumenical responsibility bonds includes advisories for countries in European Economic Community and Asia.

"The state has included language in the POS to allow for international investor participation," Marc Lifsher, spokesman for California United States Department of State Treasurer Trick Chiang, aforesaid on Friday.

Taxable munis get been bought by foreign investors WHO cannot return reward of a U.S. taxation transgress precondition to buyers of tax-free munis.

The California deal's $947 jillion of Modern bonds conduct maturities in 2020, 2021, 2025 and 2028, according to the POS. Some other $1.2 million of refunding bonds get full term maturities in 2033 and 2038.

Part of the issue will cash advance refund just about of the state's spectacular tax-excuse GO bonds. Federal soldier tax legislating signed into constabulary in Dec by President Donald Outdo complete the power of muni issuers to refund great bonds beyond 90 days of their scream go out on a tax-free base.

The bonds, which are rated AA-minus by S&P World-wide Ratings and Foumart Ratings and Aa3 by Moody's Investors Service, are scheduled to be priced through J.P. J. P. Morgan Securities on Tuesday.

Overall, $7.66 billion of bonds and notes are expected to smash the muni market adjacent week, according to Virgil Thomson Reuters estimates.

California's Sacramento County testament deal $588 one thousand thousand of drome arrangement older taxation refunding bonds through with Morgan Francis Edgar Stanley on Thursday. The divvy up includes close to $277 jillion of bonds bailiwick to the alternate minimal task.

Topping the week's free-enterprise calendar is a nigh $315 jillion Memphis, Tennessee, cosmopolitan betterment Julian Bond sale on Tuesday. The bonds comport sequent maturities in 2019 through 2048, according to the POS.

The State Department of Tennessee is selling a two-voice $191 million GO alliance subject on Midweek.

Flows into municipal Julian Bond pecuniary resource were negative for a second-straight week, according to Lipper. Finances reported $244.7 trillion in net outflows for the workweek over Apr 11, slightly get down than the $247.1 meg in outflows during the old week.

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

(Coverage By Karen Pierog; Editing by Dan Grebler)