Bond Offering

State of California Various Purpose General Obligation Bonds and Various Purpose General Obligation Refunding Bonds (Tax-Exempt)

Offering Summary

Par Amount: $2,600,000,000

Tax Status: Tax-Exempt

Sale Date: April 4, 2023

Method of Sale

Retail Order Period Begins

Negotiated

April 3, 2023

Offering Participants

Joint Senior Manager

BofA Securities, Inc.

Rob East

(800) 937-0616

Ramirez & Co., Inc.

Samuel Ramirez

(212) 248-0528

Co-Senior Manager

Loop Capital Markets

(212) 619-2250

Co-Manager

Academy Securities, Inc.

Mike Murray

(919) 869-8291

mmurray@academysecurities.com

Alamo Capital

Vanessa Vallone

(925) 472-5720

Backstrom McCarley Berry & Co., LLC

Don Backstrom

(310) 221-0640

Barclays Capital Inc.

Carmen Vargas

(310) 481-4929

BNY Mellon Capital Markets, LLC

Delaney Gardiner

212-815-5476

Caldwell Sutter Capital, Inc.

Joe DuCote

(415) 516-0786

Citigroup Global Markets Inc.

Tim Kenska

(855) 644-7252

City National Securities, Inc.

Xavier Steiner

(213) 218-4274

xavier.steiner@cnb.com

D.A. Davidson & Co.

Tom Innis

(415) 848-6708

Goldman, Sachs & Co. LLC

Galen Wilson

(415) 834-7958

Hilltop Securities Inc.

(214) 953-4000

J.P. Morgan Securities LLC

J.P. Morgan

(855) 231-8873

Jefferies LLC

Denise Gibbs

(212) 336-7101

Mesirow Financial, Inc.

Stephen Jay Murphy

(212) 530-7661

Mischler Financial Group, Inc.

Scott C. Kersh

(949) 720-0640

Morgan Stanley & Co. LLC

Morgan Stanley Wealth Management

(213) 486-8811

Piper Sandler & Co.

Susan Pryce

(800) 552-0614

Raymond James & Associates, Inc.

(877) 295-9116

Rice Financial Products Company

Tim Barbera

(212) 908-9260

timothy.barbera@ricefin.com

Robert W. Baird & Co. Incorporated

Adam Persily

(916) 783-6527

Siebert Williams Shank & Co., LLC

Ted Spencer

(800) 334-6800

Stern Brothers & Co.

Mark Wren

(314) 743-3055

mwren@sternbrothers.com

Stifel, Nicolaus & Company, Inc

Katherine Hamburger

(415) 364-2810

TD Securities (USA) LLC

Ken Gambone

kenneth.gambone@tdsecurities.com

UBS Financial Services, Inc.

Tom Hawkins

(213) 972-2018

Wedbush Securities Inc.

Virginia Planellas

(213) 688-4441

virginia.planellas@wedbush.com

Wells Fargo Bank, N.A.

(866) 287-3221

Selling Group

American Veterans Group, PBC

Matt Sanders

(917) 538-9384

msanders@americanvetsgroup.com

AmeriVet Securities, Inc.

Jason Wong

(646) 809-6937

B.C. Ziegler and Company

Miyun Cho Fellerhoff

(312) 596-1532

Bancroft Capital, LLC

Michael Ivcic

(484) 546-8000

Blaylock Van, LLC

Ron Banaszek

(914) 714-0204

Cabrera Capital Markets, LLC

Merita Kulpinski

(312) 931-6654

Drexel Hamilton LLC

Dave Steigerwald

(212) 632-0408

FHN Financial Capital Markets

Ajay Thomas

(512) 636-8007

Great Pacific Securities

Chris Vinck-Luna

(714) 619-3000

Huntington Capital Markets

Huntington Securities, Inc.

(312) 443-1561

KeyBanc Capital Markets Inc

(888) 547-2968

Multi-Bank Securities, Inc.

John Gallagher

(800) 967-9015

jgallagher@mbssecurities.com

Oppenheimer & Co. Inc.

Rick Maniss

(949) 219-1020

RBC Capital Markets, LLC

Matt Ricci

(415) 455-6388

Roosevelt & Cross Incorporated

Charles Stavitski

(212) 504-9295

cstavitski@roosevelt-cross.com

UMB Bank, N.A.

US Bancorp Investments, Inc.

(800) 888-4711

General Offering Information

*The offerings above may from time to time include obligations payable solely or primarily from sources other than the State’s General Fund. As described herein, the financial documents and other materials on this website generally relate to the State’s General Fund, which is the source of payment for State General Obligation Bonds (non-self liquidating) and primarily but not exclusively the source of payment for State Public Works Board Lease Revenue Bonds. The particular source of security and payment for each bond offering is described in the official statement for the bond offering, which should be read in its entirety.