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The State of California announced the issuance of $625 million in State Public Works Board Lease Revenue Bonds, 2013 Series I (Various Capital Projects). City National Securities has been appointed as a Co-Manager for this issue. The expected retail sales period is expected to start November 13, 2013.
|Tax Advantages||These bonds offer most California residents an excellent opportunity to earn interest that's exempt from both state and federal income taxes.|
|Credit Quality||The 2013 Series I Bonds have received the ratings of "A2" by Moody's Investors Service, Inc. ("Moody's"), "A-" by Fitch Ratings ("Fitch") and "A-" by Standard & Poor's Rating Services ("S&P"), a Standard & Poor's Financial Services LLC business.|
City National Securities, the broker/dealer subsidiary of City National Bank, Beverly Hills, CA., is a member of the State's Underwriting Pool, and participates in the State's "Buy California Bonds" campaign. We are pleased to offer new and existing clients the opportunity to participate in this upcoming bond offering.
We invite you to call City National Municipal Securities Sales at (800) 750-5471, to learn more about this bond offering.
Investment products involve investment risk, including the possible loss of principal. Any offering is subject to availability and price changes. Please note, due to securities regulations requirements, City National Securities registered personnel cannot accept email instructions to buy or sell securities. Electronic mail sent through the Internet is generally not secure and could be intercepted by a third party. For your protection, avoid sending private or confidential information.