State of California Various Purpose
General Obligation
Refunding Bonds, 2016

State of California

Invest in the State of California today. The state is refinancing a portion of its outstanding bonds issued in 2006 and 2007 to reduce its ongoing debt service costs .


Issuance characteristics
  • Refunding
  • Contains callable maturities
  • Federally tax exempt
  • General Obligation
  • Negotiated sale

Can I sell the bonds if I don’t want them anymore?

Yes, bonds sold through Neighborly are book-entry bonds with registered CUSIPs, and therefore are tradeable in the secondary market in the same way as any other registered municipal security. Read more here.

Can I transfer my bond to another brokerage account?

Absolutely, after the sale is completed, Neighborly can transfer bonds to a brokerage account at another institution. Fees may apply. Read more here.

Is there an investment minimum or maximum?

The minimum investment is determined by the minimum denomination of the issuance. In the case of this financing, it is $5,000. If there is a maximum, refer to Sales Condition under Project details tab.

What other risks should I be aware of when investing in bonds?

Please review the risks section of the for more information.

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