SAN FRANCISCO — California’s general obligation debt sales are set to swell to $6 billion this fiscal year due in part to the sale of high-speed rail bonds lawmakers approved last week.

The state — typically the largest issuer of bonds — has increased its general obligation bond sale estimates to $6 billion, 15% higher than projections earlier in the year by Gov. Jerry Brown’s administration.

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.