The Vault

Calendar of recent and upcoming public finance activities and bond sales

September 5

Various Purpose General Obligation Bonds and Various Purpose General Obligation Refunding Bonds (Approx. $2.3 billion)

Proceeds will provide funding for Prop 51 (the Kindergarten through Community College Public Education Facilities Bond Act of 2016) and refinance previously issued bonds.

September 17

State Public Works Board Lease Revenue Refunding Bonds, 2019 Series B (Approx. $60 million)

Proceeds will refinance previously issued bonds to reduce interest costs.

Week of October 14

Federally Taxable Various Purpose General Obligation Bonds and Various Purpose General Obligation Refunding Bonds (Approx. $800 million)

Proceeds will provide funding for projects and programs under various bond acts and refinance previously issued bonds, providing permanent financing for projects funded with commercial paper notes.

Week of October 28

State Public Works Board Lease Revenue Bonds, 2019 Series C (Approx. $400 million)

Proceeds will provide funding for two (2) projects: Department of Forestry and Fire (CalFire) Academy to construct dormitory authority building and expand mess hall. Department of Corrections and Rehabilitation (CDCR): (1) Riverside County Jail Project; (2) Santa Barbara County Jail Project; (3) Tulare County Jail Project; (4) Sutter County Jail Project; and (5) various CDCR Health Care Facility Improvement Program projects.

November 6

California Health Facilities Financing Authority: No Place Like Home Program Senior Revenue Bonds (Social Bonds - Federally Taxable) (Approx. $500 million)

Proceeds will provide funding to the Department of Housing and Community Development’s No Place Like Home Program, which aids in the acquisition, design, construction, rehabilitation, preservation and operation of permanent and supportive housing for persons who are experiencing homelessness, chronic homelessness or who are at risk of chronic homelessness, and who are in need of mental health services.

Week of November 11

Various Purpose General Obligation Bonds and Various Purpose General Obligation Refunding Bonds (Approx. $800 million)

Proceeds will provide permanent financing for projects funded with commercial paper notes and refinance previously issued bonds at lower interest cost.

Week of December 2

IBank, California State Teachers’ Retirement System (CalSTRS) Headquarters Expansion Lease Revenue Bonds, Series 2019 (Green Bonds) (Approx. $300 million)

Proceeds will fund the acquisition, design, construction and equipping of an expansion to the CalSTRS headquarters facility in West Sacramento.

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More information about the upcoming fall bond sales can be found at: https://www.buycaliforniabonds.com The bond issuances described above (including the amounts and timing thereof) are preliminary and subject to change or cancellation based on market conditions or other factors as determined by the State Treasurer.