Wednesday, November 17, 2010

Rumor: California Pricing of $10B Note Sale Delayed until Thursday

And everybody thought it was going to be an earthquake that plunged California into the ocean.

(Thanks to MB)

UPDATE: Dow Jones confirms:
Institutional pricing of California's $10 billion of revenue anticipation notes, which had been scheduled for Wednesday, has been delayed until Thursday, a market source said on Wednesday. The reason for the delay was unclear and there was no immediate comment from J.P. Morgan, the deal's senior manager.

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