Sacramento Bee logo Sacramento Bee 16 months ago

California sells $5 billion in short-term bonds

Investors have spoken: The Golden State is still golden. Despite a global financial crisis that has all but petrified credit markets, California Treasurer Bill Lockyer had no trouble selling $5 billion in short-term notes during a three-day sale that ended... Full Article at Sacramento Bee

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  1. While the state needs to borrow a total of $7 billion for the fiscal year that ends June 30, California officials decided initially to try borrowing $4 billion this week given the recent Wall Street meltdown and worldwide credit crunch. Full Article at San Francisco Chronicle

  2. LOS ANGELES, Oct. 16 (Xinhua) -- California has successfully sold 5 billion U.S. dollars of short-term bonds, ending earlier concerns that the state would run out of cash by the end of this month amid the current credit crunch, officials said... Full Article at Xinhua

  3. California has narrowly averted a cash crisis after successfully raising $5bn in the credit markets, with most of the money coming from retail investors who answered a rallying call from Arnold Schwarze­negger. Full Article at Financial Times

  4. SACRAMENTO — Concerns that California would run out of money later this month ended today after the state successfully sold $5 billion of short-term bonds despite troubles in the credit market. Full Article at The San Jose Mercury News

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