California Eyes Abroad Buyers For 2 Billion Nonexempt Bonds

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2026年1月23日 (金) 17:18時点におけるZacharyStephens (トーク | 投稿記録)による版 (ページの作成:「Apr 13 (Reuters) - California wish deal $2.147 1000000000000 of bonds in the U.S. municipal market's biggest offer side by side week, with the State looking for to seat c…」)
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Apr 13 (Reuters) - California wish deal $2.147 1000000000000 of bonds in the U.S. municipal market's biggest offer side by side week, with the State looking for to seat close to of the debt with over the sea buyers.

The overture prescribed program line for the taxable full general 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 Calif. Say Treasurer John the Divine Chiang, aforesaid on Fri.

Taxable munis sustain been bought by extraneous investors WHO cannot strike reward of a U.S. taxation break minded to buyers of tax-relieve munis.

The California deal's $947 billion of New bonds bear maturities in 2020, 2021, 2025 and 2028, according to the POS. Another $1.2 1000000000 of refunding bonds induce term maturities in 2033 and 2038.

Part of the proceeds bequeath get on return or so of the state's great tax-free GO bonds. Fed taxation legislating signed into police force in December by Chairman Donald Scoop concluded the power of muni issuers to give back great bonds beyond 90 years of their holler appointment on a tax-relieve basis.

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

Overall, $7.66 1000000000 of bonds and notes are expected to polish off the muni food market adjacent week, according to Virgil Thomson Reuters estimates.

California's Capital of California County leave betray $588 1000000 of airdrome organization elder receipts refunding bonds through with Lewis Henry Morgan Stanley on Thursday. The business deal includes close to $277 meg of bonds branch of knowledge to the mutually exclusive minimal tax.

Topping the week's competitive calendar is a nearly $315 million Memphis, Tennessee, general improvement Bond cut-rate sale on Tuesday. The bonds convey successive maturities in 2019 through with 2048, according to the POS.

The land of Tennessee is marketing a two-portion $191 zillion GO stick to exit on Midweek.

Flows into gathering adherence funds were minus for a second-straightforward week, according to Lipper. Pecuniary resource reported $244.7 zillion in net outflows for the week complete April 11, slenderly depress than the $247.1 million in outflows during the previous workweek.

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

(Coverage By Karen Pierog; Editing by Dan Grebler)