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California Completes $5.4 Billion Cash Note Sale a Day Early

Sept. 14 (Bloomberg) -- 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.

Link to Company News:{STOCA1 US <Equity> CN <GO>}

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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