In the absence of any billion-dollar deals this week, a handful of significantly smaller financings will be priced into a relatively quiet primary market where an estimated $3.29 billion in new issues is expected. The volume compares to last week when a revised $3.45 billion in total competitive and negotiated new issues came to market, according to Thomson Financial.

This week, the activity will be led by a new-money and refunding sale of airport revenue bonds from the Airport Commission of the City and County of San Francisco, which is expected to be priced either Wednesday or Thursday by Citi.

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