Just a week after it received a license to operate in California, Build America Mutual Assurance Co. has already insured its first deal in the Golden State.

On Wednesday, BAM insured $12 million of general obligation bonds for the Washington Unified School District in Fresno, California. Proceeds from the transaction will be used to finance the construction, renovation, modernization and equipping of school facilities.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.