California plans $2.738 bln general obligation bond sale in March

SAN FRANCISCO Thu Feb 21, 2013 3:10pm EST

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SAN FRANCISCO Feb 21 (Reuters) - California plans to sell $2.738 billion of its general obligation bonds next month, starting with a two-day retail period on March 12-13, the state treasurer's office said in a statement on Thursday.

The sale will include new money and refunding bonds but their respective amounts have not yet been determined, the office said. The state also plans to sell $2.2 billion in tax-exempt debt, $310 million in taxable bonds and $228 million in taxable Build American Bonds, the treasurer's office said.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.