TITLE

Upgraded California Prepares $500M Sale

AUTHOR(S)
Albano, Christine
PUB. DATE
September 2004
SOURCE
Bond Buyer;9/7/2004, Vol. 349 Issue 31963, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The start of the fall issuance season in the municipal market gets off to a slow start this week with a $500 million sale from the financially challenged but newly upgraded California, which will headline post-Labor Day activity. The competitive deal, which is scheduled for Thursday, is the first and only sizable sale that will try to attract investors returning from summer vacation, even though the spreads between California GO bonds and the national triple-A GO scale have lightened recently. The sale is structured to mature from 2005 in 2034, and will feature as newly obtained.
ACCESSION #
14371883

 

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