California to Issue $150 Million in Veterans GO Bonds

Dow Jones

26 Sep 2024

By Chris Wack

The state of California plans to issue $150 million in bonds to finance the purchase of homes and farms for California veterans throughout the state.

The Veterans General Obligations Bonds are may be purchased in book-entry form only, in denominations of $5,000 or any integral multiple, according to a document posted Wednesday on MuniOS.

The proceeds will be used to finance projects run by the CalVet Home Loan Program of the Department of Veterans Affairs of the State.

The bonds are guaranteed by the state of California.

The Series CV Bonds are tax exempt and have maturities ranging from 2025 to 2054. The bonds are expected to be priced Oct. 1, with delivery expected on Oct. 17.

The bonds are rated Aa2 by Moody's Investors Service, AA by Fitch Ratings and AA+ by S&P Global Ratings.

By Chris Wack, chris.wack@wsj.com

(END) Dow Jones Newswires

September 25, 2024 14:26 ET (18:26 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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The bonds are expected  to be priced Oct. 1, with delivery expected on Oct. 17. \n\n\n  The bonds are rated Aa2 by Moody's Investors Service, AA by Fitch Ratings and AA+ by S&P Global Ratings. \n\n\n \n\n\n  By Chris Wack, chris.wack@wsj.com \n\n\n  (END) Dow Jones Newswires\n\n\n  September 25, 2024 14:26 ET (18:26 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}