(Bloomberg) -- California and Marathon Oil Corp.
will borrow a total of $3.5 billion in the largest tax-exempt
bond sales this week, leading $10 billion of long-term debt
offerings by U.S. state and local governments.
California, marketing a $2.5 billion general obligation
issue, is first giving individuals the chance to buy the bonds
today and tomorrow. Citigroup Inc. will set prices and rates on
the bonds for institutions such as mutual funds and insurers at
midweek. Marathon Oil is raising $1 billion through a program to
boost Louisiana's economy after Hurricane Katrina devastated
parts of the state. Morgan Stanley is managing the sale.
Read more at Bloomberg Bonds News
will borrow a total of $3.5 billion in the largest tax-exempt
bond sales this week, leading $10 billion of long-term debt
offerings by U.S. state and local governments.
California, marketing a $2.5 billion general obligation
issue, is first giving individuals the chance to buy the bonds
today and tomorrow. Citigroup Inc. will set prices and rates on
the bonds for institutions such as mutual funds and insurers at
midweek. Marathon Oil is raising $1 billion through a program to
boost Louisiana's economy after Hurricane Katrina devastated
parts of the state. Morgan Stanley is managing the sale.
Read more at Bloomberg Bonds News
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