Government Contracts
Sep. 16, 2011
California eyeing retail bond market
California is positioned to offer municipal bond notes in denominations as low as $25, an attempt to make the investment affordable to the general public.
Daily Journal Staff Writer
California has positioned itself to offer municipal bond notes in denominations as low as $25, an attempt to make the investment affordable to the general public. Until AB 1408 was signed into law last week, the lowest face value available to California was $1,000.
Treasurer Bill Lockyer's office is penciling out the numbers now. If he finds a way to make it work, California would become the first st...
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