Bloomberg News

California Plans to Sell $2 Billion Bonds, $1 Billion in Notes

February 17, 2012

Feb. 13 (Bloomberg) -- California plans to sell about $2 billion of general-obligation bonds on March 1, the largest offering in four months by the most indebted U.S. state, a spokesman for Treasurer Bill Lockyer said.

The state will also sell about $1 billion in short-term revenue-anticipation notes to deal with cash-flow needs on Feb. 22, according to Tom Dresslar, Lockyer’s spokesman.

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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