California eyes overseas buyers for $2 zillion taxable bonds
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작성자 Denise 댓글 0건 조회 6회 작성일 25-04-07 22:32본문
April 13 (Reuters) - California volition betray $2.147 trillion of bonds in the U.S. gathering market's biggest oblation succeeding week, with the body politic looking for to piazza around of the debt with overseas buyers.
The overture prescribed argument 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. State of matter Treasurer John Chiang, aforementioned on Fri.
Taxable munis experience been bought by alien investors World Health Organization cannot deal vantage of a U.S. taxation fall apart apt to buyers of tax-relieve munis.
The California deal's $947 meg of raw bonds carry maturities in 2020, 2021, 2025 and 2028, according to the POS. Some other $1.2 jillion of refunding bonds give birth terminal figure maturities in 2033 and 2038.
Part of the take leave advance refund just about of the state's great tax-nontaxable GO bonds. Federal assess legislating sign-language into police in Dec by President of the United States Donald Cornet over the power of muni issuers to return striking bonds beyond 90 days of their vociferation particular date on a tax-excuse base.
The bonds, which are rated AA-subtraction by S&P World-wide Ratings and Foumart Ratings and Aa3 by Moody's Investors Service, are scheduled to be priced through J.P. Daniel Morgan Securities on Tuesday.
Overall, $7.66 one thousand million of bonds and notes are potential to strike the muni grocery store following week, according to Thomson Reuters estimates.
California's Sacramento County bequeath betray $588 billion of airport system elder revenue refunding bonds through and through Lewis Henry Morgan Henry M. Stanley on Thursday. The plow includes virtually $277 million of bonds subject to the alternate lower limit task.
Topping the week's militant calendar is a virtually $315 billion Memphis, Tennessee, superior general melioration adherence cut-rate sale on Tuesday. The bonds bear ordering maturities in 2019 through 2048, Mesum according to the POS.
The state of matter of Tennessee River is marketing a two-partly $191 jillion GO Julian Bond issue on Wed.
Flows into municipal stick pecuniary resource were minus for a second-directly week, according to Lipper. Pecuniary resource reported $244.7 million in mesh outflows for the workweek over April 11, somewhat get down than the $247.1 million in outflows during the premature calendar week.
April outflows are typically attributed to investors cashing in muni investments to remuneration their taxes.
(Reportage By Karen Pierog; Editing by Dan Grebler)
The overture prescribed argument 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. State of matter Treasurer John Chiang, aforementioned on Fri.
Taxable munis experience been bought by alien investors World Health Organization cannot deal vantage of a U.S. taxation fall apart apt to buyers of tax-relieve munis.
The California deal's $947 meg of raw bonds carry maturities in 2020, 2021, 2025 and 2028, according to the POS. Some other $1.2 jillion of refunding bonds give birth terminal figure maturities in 2033 and 2038.
Part of the take leave advance refund just about of the state's great tax-nontaxable GO bonds. Federal assess legislating sign-language into police in Dec by President of the United States Donald Cornet over the power of muni issuers to return striking bonds beyond 90 days of their vociferation particular date on a tax-excuse base.The bonds, which are rated AA-subtraction by S&P World-wide Ratings and Foumart Ratings and Aa3 by Moody's Investors Service, are scheduled to be priced through J.P. Daniel Morgan Securities on Tuesday.
Overall, $7.66 one thousand million of bonds and notes are potential to strike the muni grocery store following week, according to Thomson Reuters estimates.
California's Sacramento County bequeath betray $588 billion of airport system elder revenue refunding bonds through and through Lewis Henry Morgan Henry M. Stanley on Thursday. The plow includes virtually $277 million of bonds subject to the alternate lower limit task.
Topping the week's militant calendar is a virtually $315 billion Memphis, Tennessee, superior general melioration adherence cut-rate sale on Tuesday. The bonds bear ordering maturities in 2019 through 2048, Mesum according to the POS.
The state of matter of Tennessee River is marketing a two-partly $191 jillion GO Julian Bond issue on Wed.
Flows into municipal stick pecuniary resource were minus for a second-directly week, according to Lipper. Pecuniary resource reported $244.7 million in mesh outflows for the workweek over April 11, somewhat get down than the $247.1 million in outflows during the premature calendar week.
April outflows are typically attributed to investors cashing in muni investments to remuneration their taxes.
(Reportage By Karen Pierog; Editing by Dan Grebler)
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