By Paulo Trevisani
The County of Riverside, Calif., plans to sell $450 million in bonds to manage its cash flow for the upcoming fiscal year.
The proceeds will fund general fund expenditures, including public works and services, for fiscal year 2025-2026, according to a statement published Wednesday on MuniOS.
The 2025 Tax and Revenue Anticipation Note, which is tax-exempt, mature on June 30, 2026. Yields and coupons were not available.
The securities are a general obligation of the county. Riverside's projected unrestricted revenues for the fiscal year starting July 1, 2025 totals $5.36 billion.
The notes are rated SP-1+ by S&P Global Ratings and F1+ by Fitch Ratings.
The deal is being underwritten by J.P. Morgan and BofA Securities.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
(END) Dow Jones Newswires
June 12, 2025 16:12 ET (20:12 GMT)
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