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

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

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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.

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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
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