Government
Jul. 27, 2011
California may issue bonds
California's general-obligation bond drought may soon come to an end, as the possibility of short-term notes appears on the horizon.
Daily Journal Staff Writer
California's general obligation bond drought may soon come to an end.
The state today began soliciting bids from institutional investors for a $5 billion bridge loan intended to keep operating cash on hand in case the federal government fails to raise the nation's debt ceiling.
The loan is slated to be refinanced by the sale of short-term revenue anticipation notes next month. Orrick,...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In