SACRAMENTO – State Treasurer Fiona Ma today announced the upcoming sales of seven bond issues totaling approximately $5.16 billion. The sales begin September 5 with $2.3 billion of General Obligation bonds.
“Significant portions of these General Obligation bond sales will be used to finance older debt at today’s lower rates,” the Treasurer said. “This will save taxpayers money and free up resources for other important projects and programs.” The funding, she added, will also provide support for a range of vital infrastructure projects across the state. The schedule of fall bond sales includes: September 5: Various Purpose General Obligation Bonds and Various Purpose General Obligation Refunding Bonds — approximately $2.3 billion. November 6: California Health Facilities Financing Authority: No Place Like Home Program Senior Revenue Bonds (Social Bonds – Federally Taxable) — approximately $500 million. Week of December 2: IBank, California State Teachers’ Retirement System (CalSTRS) Headquarters Expansion Lease Revenue Bonds, Series 2019 (Green Bonds) — approximately $300 million. o Proceeds will fund the acquisition, design, construction and equipping of an expansion to the CalSTRS headquarters facility in West Sacramento. More information about the upcoming fall bond sales can be found at BuyCaliforniaBonds.com. The bond issuances described above (including the amounts and timing thereof) are preliminary and subject to change or cancellation based on market conditions or other factors as determined by the State Treasurer. Note: This does not constitute an offer to sell nor an offer to buy bonds. Bonds may only be offered by means of an official statement. Contact your broker.
Fiona Ma is California’s 34th State Treasurer. She was elected November 6, 2018 with more votes (7,825,587) than any other candidate for treasurer in the state’s history. She is the first woman of color and the first woman Certified Public Accountant elected to the position. California is the world’s fifth-largest economy and Fiona serves as its head banker, providing transparency and oversight for the government’s investment portfolio and accounts as well as managing the state’s $92 billion in financial assets. The Treasurer’s Office provides financing for our schools, roads, housing, levees, public facilities, and other crucial infrastructure projects that better the lives of all Californians. We manage cash receipts for the state and manage bond issuances and oversee programs that fund schools, hospitals, and affordable housing and small businesses. We also manage three savings programs helping individuals with disabilities, college, and private-employee retirement. For more news about the State Treasurer’s Office, please follow Treasurer Ma on Twitter at @CalTreasurer, and on Facebook at California State Treasurer’s Office. |
Treasurer Fiona Ma Announces Fall Bond Sales of $4.16 Billion
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