California State Treasurer Fiona Ma announced the successful closing of $52,995,000 in tax-exempt bonds issued through the California Educational Facilities Authority (CEFA), chaired by Treasurer Ma, for the benefit of Chapman University (Chapman). Chapman will use the bond proceeds to refund its outstanding CEFA Series 2011 bonds and pay costs
California State Treasurer Fiona Ma announced the successful sale of $829.4 million of taxable revenue bonds to benefit a number of projects overseen by the Trustees of the California State University System. The Series 2020B bond sale February 5 also included $207.7 million of refunding bonds to refinance previously issued
California State Treasurer Fiona Ma announced the results of the sale of $272.6 million of lease revenue bonds to fund a cutting-edge expansion of California State Teachers’ Retirement System (CalSTRS) headquarters in West Sacramento using innovative designs to achieve energy and resource savings while enhancing workforce well-being. The project is
In a nod of approval for how its finances are being managed, California’s credit rating was upgraded by the credit rating agency Fitch Ratings. General Obligation (GO) bonds went up to AA. Fitch said the upgrade of California’s GO and Issuer Default Rating to AA from AA- reflects improved fiscal
State Treasurer Fiona Ma 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.
California State Treasurer Fiona Ma announced the results of today’s competitively bid sale of $21.3 million in State Public Works Board (SPWB) lease revenue bonds to provide funding to the Board of State and Community Corrections (BSCC) for the Solano Jail Project, also known as the Rourk Vocational Training Center.
The California Debt Limit Allocation Committee (CDLAC), chaired by California State Treasurer Fiona Ma, on Wednesday unanimously voted to raise the 2019 state bond cap for qualifying private activity bonds to $4,153,489,725, a $2,141,160 increase over the state ceiling set in 2018. At the same time, the committee reaffirmed its