A trio of sizable financings from issuers in California, as well as a large Georgia offering, will be the largest deals to usher in the first full trading week of May as the primary market anticipates an estimated $5.46 billion in total new issuance this week, according to Ipreo LLC and The Bond Buyer. The issuance comes on the heels of a revised total of $3.62 billion last week, according to Thomson Reuters.

The flurry of California deals will be anchored by a $442 million sale of senior sewer revenue bonds by the San Diego Public Facilities Financing Authority on Wednesday, following a retail order period tomorrow by senior book-runner Banc of America Securities LLC.

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