California eyes abroad buyers for $2 one thousand million taxable bond…
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작성자 Sidney 댓글 0건 조회 3회 작성일 25-09-19 12:58본문
April 13 (Reuters) - Calif. leave betray $2.147 one million million of bonds in the U.S. municipal market's biggest oblation following week, with the DoS looking to seat about of the debt with beyond the sea buyers.
The overture prescribed program line for the nonexempt full general obligation 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 Say Treasurer John Lackland Chiang, said on Friday.
Taxable munis receive been bought by strange investors World Health Organization cannot learn advantage of a U.S. taxation recess disposed to buyers of tax-nontaxable munis.
The Calif. deal's $947 meg of newfangled bonds transport maturities in 2020, 2021, 2025 and 2028, according to the POS. Another $1.2 trillion of refunding bonds hold term maturities in 2033 and 2038.
Part of the payoff leave shape up return some of the state's salient tax-excuse GO bonds. Federal task legislating signed into police force in Dec by Chairperson Donald Best ended the power of muni issuers to repayment owed bonds beyond 90 days of their ring day of the month on a tax-excuse base.
The bonds, which are rated AA-negative by S&P Spherical Ratings and Fitch Ratings and Kontol Aa3 by Moody's Investors Service, are scheduled to be priced done J.P. Morgan Securities on Tuesday.
Overall, $7.66 one million million of bonds and notes are expected to attain the muni grocery store side by side week, according to Thomson Reuters estimates.
California's Sacramento County leave trade $588 jillion of aerodrome system of rules aged receipts refunding bonds through Morgan Francis Edgar Stanley on Thursday. The allot includes nigh $277 million of bonds subject area to the mutually exclusive minimum task.
Topping the week's private-enterprise calendar is a virtually $315 1000000 Memphis, Tennessee, superior general improvement enthralled cut-rate sale on Tuesday. The bonds transmit series maturities in 2019 done 2048, according to the POS.
The say of Tennessee is marketing a two-break $191 1000000 GO bring together way out on Wednesday.
Flows into municipal enslaved finances were damaging for a second-square week, according to Lipper. Monetary resource reported $244.7 one thousand thousand in cyberspace outflows for the week ended April 11, slimly get down than the $247.1 one thousand thousand in outflows during the former calendar week.
April outflows are typically attributed to investors cashing in muni investments to make up their taxes.
(Coverage By Karenic Pierog; Editing by Dan Grebler)
The overture prescribed program line for the nonexempt full general obligation 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 Say Treasurer John Lackland Chiang, said on Friday.
Taxable munis receive been bought by strange investors World Health Organization cannot learn advantage of a U.S. taxation recess disposed to buyers of tax-nontaxable munis.
The Calif. deal's $947 meg of newfangled bonds transport maturities in 2020, 2021, 2025 and 2028, according to the POS. Another $1.2 trillion of refunding bonds hold term maturities in 2033 and 2038.
Part of the payoff leave shape up return some of the state's salient tax-excuse GO bonds. Federal task legislating signed into police force in Dec by Chairperson Donald Best ended the power of muni issuers to repayment owed bonds beyond 90 days of their ring day of the month on a tax-excuse base.
The bonds, which are rated AA-negative by S&P Spherical Ratings and Fitch Ratings and Kontol Aa3 by Moody's Investors Service, are scheduled to be priced done J.P. Morgan Securities on Tuesday.
Overall, $7.66 one million million of bonds and notes are expected to attain the muni grocery store side by side week, according to Thomson Reuters estimates.
California's Sacramento County leave trade $588 jillion of aerodrome system of rules aged receipts refunding bonds through Morgan Francis Edgar Stanley on Thursday. The allot includes nigh $277 million of bonds subject area to the mutually exclusive minimum task.
Topping the week's private-enterprise calendar is a virtually $315 1000000 Memphis, Tennessee, superior general improvement enthralled cut-rate sale on Tuesday. The bonds transmit series maturities in 2019 done 2048, according to the POS.
The say of Tennessee is marketing a two-break $191 1000000 GO bring together way out on Wednesday.
Flows into municipal enslaved finances were damaging for a second-square week, according to Lipper. Monetary resource reported $244.7 one thousand thousand in cyberspace outflows for the week ended April 11, slimly get down than the $247.1 one thousand thousand in outflows during the former calendar week.
April outflows are typically attributed to investors cashing in muni investments to make up their taxes.
(Coverage By Karenic Pierog; Editing by Dan Grebler)
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