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Article: THE WEEK AHEAD: California Still Front and Center With a $1.5B-Plus Deal.(Investors & Investing)(Calendar)
- Article from:
- The Bond Buyer
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Christine Albano
For the third week in a row, a California issuer will dominate the primary market spotlight with a $1.5 billion financing.
However, activity within the rest of the new-issue market is expected to be relatively light as evidenced by an estimated $5.65 billion of new long-term volume, according to Ipreo LLC and The Bond Buyer, noticeably less than last week's nearly $9 billion bounty.
A revised $8.97 billion of new, long-term volume surfaced last week, according to Thomson Reuters, at which time the California market commanded keen attention from investors for the second week in a row.
The state last week sold ...