A $1.61 billion California various purpose general obligation offering will headline the primary market this week and contribute to the more than $8 billion of new supply, as volume nearly doubles from last week.

According to Ipreo LLC and The Bond Buyer, issuers are scheduled to bring an estimated $8.25 billion of long-term financings to market, on the heels of a revised $4.38 billion that was actually priced last week, according to Thomson Reuters.

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