Bond Offering
California Revenue Anticipation Notes (RAN)
Led by J.P. Morgan Securities
Co-Managed by Nollenberger Capital Partners
- Proposed Bond Sale: 2009-2010 Revenue Anticipation Notes
- Par Amount: Up to $10.5 Billion
- Sale Date: September 23, 2009
*We anticipate that individual investors will be able to place orders on September 21st and 22nd.
The State of California plans to sell up to $10.5 billion in short-term notes, in order to increase the state's cash flow until further tax collections arrive later in the fiscal year. Additional information will follow shortly, including the preliminary official statement (POS) and specific deal information.
Contact your Financial Advisor for further information.
Disclosure: Prices and yields are subject to change based upon market conditions and availability. Investors should consult their own tax specialist. Investors should consider the investment risks, objectives, and charges and expenses associated with municipal securities before investing. Municipal securities are sold by Official Statement, investors should evaluate this material prior to investing. Market value of bonds may fluctuate with interest rate changes or if sold prior to maturity.
Contact Information
Please call us at 1-866-619-6274 or your Financial Advisor for more information.