LOS ANGELES -- California has become the latest issuer to structure a deal with an expanded presale order period for individual investors.

On Thursday, California will price $141.62 million of Public Works Board lease revenue bonds. The underwriting team working on the negotiated transaction expanded the presale order period to three days from the usual two or three hours in order to reach socalled "mom and pop" buyers.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.