SAN FRANCISCO – California will sell more than $2 billion of general obligation bonds this fall, Treasurer Bill Lockyer announced Wednesday.
The first $1.6 billion sale is set for Sept. 25; it will include $1.3 billion of new money for infrastructure projects and $300 million of refunding bonds.
Citi and RBC Capital Markets will be senior managers, according to the treasurer’s office.
Lockyer also said the state will sell $500 million of GO refunding bonds, which will be in intermediate maturities, in a competitive deal on October 23.
California will also sell on Sept. 23 $250 million of State Public Works Board lease revenue bonds, of which $150 million will be new money for the California State University system and $100 million will be refunding bonds for the University of California system.
Bank of America Merrill Lynch will manage that deal.
The public works board is also set to sell $548 million on Oct. 17, in what is currently slated as new money bonds for various state agencies.
Loop Capital Markets and Stone & Youngberg, a division of Stifel Nicolaus, are managers.
