Bonds

Bond Offering

State Public Works Board Lease Revenue Bonds 2025 Series C (Tax-Exempt) and 2025 Series D (Federally Taxable Bonds)

State Public Works Board Lease Revenue Bonds 2025 Series C (Tax-Exempt) and 2025 Series D (Federally Taxable Bonds)

Par Amount
$1,000,000,000
Sale Date
10/21/2025
Sector
State / Province
State
California
Method of Sale
Negotiated
Retail Order Period Begins
10/20/2025

Book-Running Joint Senior Manager

J.P. Morgan Securities LLC
J.P. Morgan
(855) 231-8873

Joint Senior Manager

BofA Securities, Inc.
Rob East
(800) 937-0616

Co-Senior Manager

Stern Brothers & Co.
David Hubeli
(314) 743-4012
*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.