California Plans Estimated $2 Billion October Bond Sale
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California will sell an estimated $2 billion of general-obligation bonds this month after benchmark yields on municipal debt touched a three-month low Sept. 27, a spokesman for Treasurer Bill Lockyer said.
The offering, scheduled for the week of Oct. 21, will include a portion to refinance higher-yielding debt, Tom Dresslar, the spokesman, said today by telephone. The specific amounts of the sale and the refunding haven’t been set, he said.