For the third week in a row, a California issuer will dominate the primary market spotlight with a $1.5 billion financing.

However, activity within the rest of the new-issue market is expected to be relatively light as evidenced by an estimated $5.65 billion of new long-term volume, according to Ipreo LLC and The Bond Buyer, noticeably less than last week’s nearly $9 billion bounty.

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.