Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

California May Sell $7.5 Billion in Debt, Lockyer Says

Don't Miss Out —
Follow us on:

Oct. 17 (Bloomberg) -- California, the most indebted U.S. state, may sell $7.5 billion of bonds in the next fiscal year, Treasurer Bill Lockyer said, 42 percent more than the current year.

About $5.27 billion of the securities would be general-obligation bonds and the rest lease-revenue debt, Lockyer said today at a Bond Buyer conference in San Francisco. For the present fiscal year that began July 1, Lockyer has said he expects to offer $5.25 billion. He’s already sold $1.174 billion of that total.

The amount of debt sold in the next fiscal year must still be approved in the budget that Governor Jerry Brown will propose in January.

A California bond maturing in 10 years traded yesterday at an average yield of 2.289 percent, or 64 basis points more than top rated bonds, according to Bloomberg data. That’s down from 68 basis points when the bonds were sold in September.

To contact the reporters on this story: Michael B. Marois in Sacramento at; Alison Vekshin in San Francisco at

To contact the editor responsible for this story: Stephen Merelman at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.