California Completes $5.4 Billion Cash Note Sale a Day Early

California wrapped up the sale of $5.4 billion of revenue-anticipation notes a day earlier than planned, according to Tom Dresslar, a spokesman for Treasurer Bill Lockyer.

Individual investors ordered 66 percent of the notes, or $3.55 billion, Dresslar said today in an e-mailed statement. A tranche maturing May 24, 2012, was priced at 0.38 percent, while the bulk of the bonds, maturing June 26, were offered at 0.40 percent, he said.

To contact the reporter on this story: Michael B. Marois in Sacramento at

To contact the editor responsible for this story: Pete Young at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.