California sets Aug. 14-15 for $5.5 bln note sale

SAN FRANCISCO, July 30 Tue Jul 30, 2013 5:25pm EDT

Related Topics

SAN FRANCISCO, July 30 (Reuters) - California will sell $5.5 billion of revenue anticipation notes on Aug. 14 and Aug. 15 to borrow for its short-term cash needs, the state treasurer's office said on Tuesday.

The sale includes a one-day order period for retail investors on Aug. 14 while the notes will price on Aug. 15 after institutional investors place orders, the office said in a statement.

The RANs on sale are much less than last year's $10 billion offering.

FILED UNDER:
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (1)
Folks I live in CA you would be crazy to invest in this “Aug. 14 and Aug. 15 to borrow for its short-term cash needs” The poor need your money. Brown should have put the budget in place. Save your money

Jul 30, 2013 7:11pm EDT  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.