(Bloomberg) -- California, the largest borrower in
the U.S. municipal market, plans to sell $4.5 billion of general
obligation bonds in three issues by year-end, almost tripling
the state's rate of sales from the previous year.
State Treasurer Bill Lockyer chose Goldman Sachs Group Inc.
to manage a $2.5 billion sale as soon as September, Siebert
Brandford Shank & Co. to run a $1.75 billion deal as soon as
November and Morgan Stanley to market $250 million of bonds to
fund embryonic stem-cell research. San Francisco-based Stone &
Youngberg LLC and Los Angeles-based E.J. De La Rosa & Co. will
help manage the sale run by Siebert of Oakland.
Read more at Bloomberg Bonds News
the U.S. municipal market, plans to sell $4.5 billion of general
obligation bonds in three issues by year-end, almost tripling
the state's rate of sales from the previous year.
State Treasurer Bill Lockyer chose Goldman Sachs Group Inc.
to manage a $2.5 billion sale as soon as September, Siebert
Brandford Shank & Co. to run a $1.75 billion deal as soon as
November and Morgan Stanley to market $250 million of bonds to
fund embryonic stem-cell research. San Francisco-based Stone &
Youngberg LLC and Los Angeles-based E.J. De La Rosa & Co. will
help manage the sale run by Siebert of Oakland.
Read more at Bloomberg Bonds News
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