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California Sells $472 Million in Bonds to Individual Investors

Oct. 18 (Bloomberg) -- 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.

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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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