California says $183.8 mln of retail orders for GO debt

SAN FRANCISCO, Nov 3 (Reuters) - California Treasurer Bill Lockyer's office reported retail orders worth $183.8 million for the $100 million of general obligation bonds it offered on Tuesday at part of its $1.494 billion sale of debt backed by the state's general fund.

"We will fill all the orders, even though they exceeded the $100 million we initially offered. We quoted retail investors an expected yield of 5.5 percent. The bonds offered to retail have a 2034 maturity," Lockyer's office said in a statement.

The balance of the bonds, approximately $1.31 billion in 2035 and 2039 maturities, will be offered to institutional investors on Wednesday, when their final prices will set.

The total sale includes $1.3 billion in new debt and $194 million of refunding bonds. Proceeds are slated for infrastructure projects.

(Reporting by Jim Christie)