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

Dow Jones

Jun 13, 2025

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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Riverside's projected unrestricted revenues for the fiscal year starting July 1, 2025 totals $5.36 billion. \n\n\n  The notes are rated SP-1+ by S&P Global Ratings and F1+ by Fitch Ratings. \n\n\n  The deal is being underwritten by J.P. Morgan and BofA Securities. \n\n\n  Write to Paulo Trevisani at paulo.trevisani@wsj.com \n\n\n  (END) Dow Jones Newswires\n\n\n  June 12, 2025 16:12 ET (20:12 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}