Bloomberg News

California Sells $250 Million of $2 Billion General Obligations

October 17, 2011

Oct. 17 (Bloomberg) -- Individual investors ordered about $250 million of $2 billion in California general-obligation bonds on the first day of sales, said Tom Dresslar, a spokesman for Treasurer Bill Lockyer.

Preliminary yields ranged from 1.15 percent for a three- year security to 4.87 percent on 30-year bonds, Dresslar said in

in e-mail today.

To contact the reporter on this story: Michael B. Marois in Sacramento at mmarois@bloomberg.net

To contact the editor responsible for this story: Pete Young at pyoung13@bloomberg.net


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