California Schedules $2.5 Billion Tax-Exempt Bond Offering
The California State Capitol building in Sacramento.
Photographer: David Paul Morris/BloombergCalifornia is planning to sell $2.5 billion of tax-exempt general obligation bonds later this month, the state’s second largest offering this year.
Proceeds from the sale will be used to finance voter-approved projects, pay down outstanding commercial paper and refund outstanding general obligation bonds, according to ratings documents provided by Fitch Ratings, which scores the debt AA.
