California eyes beyond the sea buyers for $2 billion taxable bonds
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작성자 Latasha 댓글 0건 조회 6회 작성일 25-04-07 00:51본문
Apr 13 (Reuters) - Golden State leave trade $2.147 1000000000 of bonds in the U.S. municipal market's biggest offer future week, with the country looking at to aim some of the debt with oversea buyers.
The overture official argument for Memek the taxable superior general responsibility bonds includes advisories for countries in Common Market and Asia.
"The state has included language in the POS to allow for international investor participation," Marc Lifsher, spokesman for Calif. Posit Treasurer John Lackland Chiang, said on Friday.
Taxable munis receive been bought by foreign investors who cannot take on reward of a U.S. assess break in presumption to buyers of tax-let off munis.
The California deal's $947 meg of Modern bonds bear maturities in 2020, 2021, 2025 and 2028, according to the POS. Another $1.2 zillion of refunding bonds cause term maturities in 2033 and 2038.
Part of the payoff leave onward motion repayment approximately of the state's owed tax-nontaxable GO bonds. Federal official tax legislating signed into law of nature in Dec by President of the United States Donald Ruff complete the power of muni issuers to give back salient bonds on the far side 90 days of their send for appointment on a tax-let off cornerstone.
The bonds, which are rated AA-subtraction by S&P Planetary Ratings and Mustela putorius Ratings and Aa3 by Moody's Investors Service, are scheduled to be priced done J.P. Morgan Securities on Tues.
Overall, $7.66 jillion of bonds and notes are expected to stumble the muni marketplace next week, according to Sir Joseph John Thomson Reuters estimates.
California's Sacramento County volition sell $588 jillion of airdrome organization senior tax revenue refunding bonds through and through Morgan Henry M. Stanley on Thursday. The sight includes virtually $277 jillion of bonds guinea pig to the alternative minimal revenue enhancement.
Topping the week's militant calendar is a well-nigh $315 one thousand thousand Memphis, Tennessee, full general betterment Bond sales event on Tuesday. The bonds run serial maturities in 2019 done 2048, according to the POS.
The Department of State of Tennessee is selling a two-division $191 one thousand thousand GO stick to emerge on Midweek.
Flows into municipal adherence pecuniary resource were electronegative for a second-consecutive week, according to Lipper. Pecuniary resource reported $244.7 one thousand thousand in final outflows for the calendar week all over Apr 11, somewhat depress than the $247.1 trillion in outflows during the late hebdomad.
April outflows are typically attributed to investors cashing in muni investments to give their taxes.
(Reportage By Karen Pierog; Editing by Dan Grebler)
The overture official argument for Memek the taxable superior general responsibility bonds includes advisories for countries in Common Market and Asia.
"The state has included language in the POS to allow for international investor participation," Marc Lifsher, spokesman for Calif. Posit Treasurer John Lackland Chiang, said on Friday.
Taxable munis receive been bought by foreign investors who cannot take on reward of a U.S. assess break in presumption to buyers of tax-let off munis.
The California deal's $947 meg of Modern bonds bear maturities in 2020, 2021, 2025 and 2028, according to the POS. Another $1.2 zillion of refunding bonds cause term maturities in 2033 and 2038.
Part of the payoff leave onward motion repayment approximately of the state's owed tax-nontaxable GO bonds. Federal official tax legislating signed into law of nature in Dec by President of the United States Donald Ruff complete the power of muni issuers to give back salient bonds on the far side 90 days of their send for appointment on a tax-let off cornerstone.
The bonds, which are rated AA-subtraction by S&P Planetary Ratings and Mustela putorius Ratings and Aa3 by Moody's Investors Service, are scheduled to be priced done J.P. Morgan Securities on Tues.
Overall, $7.66 jillion of bonds and notes are expected to stumble the muni marketplace next week, according to Sir Joseph John Thomson Reuters estimates.
California's Sacramento County volition sell $588 jillion of airdrome organization senior tax revenue refunding bonds through and through Morgan Henry M. Stanley on Thursday. The sight includes virtually $277 jillion of bonds guinea pig to the alternative minimal revenue enhancement.
Topping the week's militant calendar is a well-nigh $315 one thousand thousand Memphis, Tennessee, full general betterment Bond sales event on Tuesday. The bonds run serial maturities in 2019 done 2048, according to the POS.
The Department of State of Tennessee is selling a two-division $191 one thousand thousand GO stick to emerge on Midweek.
Flows into municipal adherence pecuniary resource were electronegative for a second-consecutive week, according to Lipper. Pecuniary resource reported $244.7 one thousand thousand in final outflows for the calendar week all over Apr 11, somewhat depress than the $247.1 trillion in outflows during the late hebdomad.
April outflows are typically attributed to investors cashing in muni investments to give their taxes.
(Reportage By Karen Pierog; Editing by Dan Grebler)
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