State Sells $545 Million in Tax-Free Bonds
- Share via
From a Times Staff Writer
California sold $545 million of tax-free general obligation bonds. The bonds, issued in various maturities, were purchased by brokerage Citigroup Global Markets for resale to investors.
The deal included $300 million in bonds for new capital projects and $245 million in bonds to refinance older securities issued at higher rates. The state had planned to sell as much as $720 million in bonds, but pared that because of rising interest rates in recent weeks.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
