National Short-Term Debt Trends and Preview of California Notes Season Apr 01
- ID: 2045199
- April 2001
- Region: California
- Standard & Poors
Issuers throughout California are in the process of sizing and structuring their tax and revenue anticipation note (TRAN) borrowings for the 2002 fiscal year to meet their annual seasonal cash flow needs. Each year, beginning in late May and continuing through June, several hundred issuers in California -- including counties, cities, school districts and TRAN pool sponsors, issue cash flow notes. According to Thomson Financial Securities Data Co. (SDC), of the $39.5 billion of short-term debt issued nationally in calendar year 2000, California entities accounted for $4.9 billion, or 12% -- second only to New York. Almost all of the short-term debt issuance in the state of California was carried out by local governments or by sponsors of TRAN pools...
Companies mentioned in this report are:
- Fresno Cnty
- California Statewide Communities Dev Auth
- San Luis Obispo Cnty
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