California on Wednesday sold $6.85bn in bonds, in part by tapping a federal subsidy provided by the US stimulus package.
The deal included $5.23bn of so-called Build America Bonds (Babs), the biggest issue so far of this new type of bond.
California bond sale to include $5bn of Babs
By Nicole Bullock in New York
Published: April 22 2009 19:44 | Last updated: April 22 2009 21:28
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