Lease Revenue Bonds California

Fitch ratings san francisco 06 nov 2020.

Lease revenue bonds california. However the information contained on this website has been included for general informational purposes only and has not been prepared. Welcome to the california state treasurer s office investor relations website. The bonds are payable from lease rental payments from the city the obligor to fresno jpfa the issuer for use and occupancy of various governmental assets under a master lease structure. Fitch ratings new york 16 sep 2020.

Pfd handles the sale of general obligation bonds revenue bonds including lease revenue short term notes and commercial paper. Fitch ratings has assigned a aa rating to the following lease revenue bonds of the california state public works board spwb 55 million 2020 series d various capital projects 34 million refunding 2020 series e various capital projects. Of california agency issued revenue bonds. The bonds are scheduled to price the week of march 23 2020.

Fitch ratings has assigned a aa rating to the 1 5 billion lease revenue refunding bonds 2020 series a various capital projects federally taxable bonds of the california state public works board spwb or the board. Moody s assigns aa3 to california spwb lease revenue bonds 2020 series a. What is a lease revenue bond. Lease revenue bonds lrbs are a type of revenue bond.

Fitch ratings new york 16 mar 2020. Pfd acts as agent for sale for revenue bonds issued by various financing authorities. The lease is subject to abatement risk. The city has covenanted to budget and appropriate lease rental payments from any legally available resource.

State public works board lease revenue refunding bonds department of corrections and rehabilitation 2012 series c and lease revenue bonds university of california 2012 series b 309 675 000 stone youngberg a division of stifel nicolaus and de la rosa co. State treasurer s office q. Lease revenue bonds usually finance the construction of facilities including state office buildings. Instead of issuing long term debt like general obligation bonds do to finance improvements on a public facility the municipality.

43 3 billion as of june 30 2017. This website provides certain information that investors in bonds issued by the state of california for or on behalf of the state of california and its agencies may find useful.