California's Riverside County to Issue $450M Revenue Note

Dow Jones

06/13

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)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Morgan and BofA Securities. \n</p>\n<p>\n  Write to Paulo Trevisani at paulo.trevisani@wsj.com \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 12, 2025 16:12 ET (20:12 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ICBK","symbol_name":"County Bancorp, Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2543542151","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2543542151","pubTimestamp":1749759120,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. 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