California Sells $472 Million in Bonds to Individual Investors

California took orders from individual investors on $472 million of a $2 billion general- obligation bond sale, a spokesman for Treasurer Bill Lockyer said.

Yields ranged as low as 1.15 percent on three-year securities to as much s 4.87 percent for 30-year debt, unchanged from the first day of the offering, according to the treasurer’s office.

The two-day sale to individuals represented 24 percent of the total, Tom Dresslar, a spokesman for Lockyer, said by e- mail. The sale is to conclude tomorrow.

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

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.