State Treasurer Fiona Ma Announces Sale of $1.7 Billion of General Obligation Bonds
The California State Treasurer's Office announced on October 7 that State Treasurer Fiona Ma has completed the sale of $1.7 billion of general obligation bonds. General obligation bonds, backed by the full faith and credit of the State of California, are one of the state's principal tools for financing public works and infrastructure — including schools, transportation and water projects — and their sale results are published and administered by the Treasurer's Office.
The Treasurer's Office serves as the state's banker, managing state funds and investments, overseeing bond issuance, and, through its boards and commissions, supporting financing for housing, schools, hospitals, roads and other public facilities. The sale is one of a series in recent months: in late September the office announced results of a $359.96 million bond sale for the State Public Works Board, and in August it completed a $3.1 billion general obligation bond sale.
The office's October schedule also included a manufacturing forum and outreach connecting diverse communities with financial resources. Bond calendars, sale results and official statements are published on the Treasurer's Office website.
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Published by GSM · USA (original Chinese edition)
Photo: 图片来源：Wikimedia Commons，CC BY-SA 4.0（加州议会大厦）／ Image: Wikimedia Commons, CC BY-SA 4.0
