Top 10 California Municipal Bonds for Sale
Last Updated: July 12th, 2024
List of California Municipal Bonds for Sale
Executive Summary
This selection of top 10 California municipal bonds for sale today uses Artificial Intelligence to address various aspects such as issuer reputation, investment potential, and the significance of the issuing entities. These bonds are distinguished by their top-tier BondView ratings and credit assessments, which can indicate low default potential and robust fiscal health. The report aims to guide investors in making more informed decisions.
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| CUSIP | Name | Quantity Available | Maturity Date | Yield to Worst | Coupon | Insured | Asking Price | Bondview Estimated Price | Rich or Cheap | Bondview Rating | BV Credit Score | Funds |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 79766DKT5 | AIRPORT COMMISSION OF THE CITY AND COUNTY OF SAN FRANCISCO SAN FRANCISCO INTERNATIONAL AIRPORT SECOND SERIES REVENUE REFUNDING BONDS SERIES 2017D (AMT | 75 | 05/01/2025 | 2.62% | 5% | No | $101.88 | $101.38 | 0.49% more expensive | 5 | 8 | 2 |
| 616871JK6 | MORENO VALLEY CALIF UNI SCH ELECTION 2014-SER A | 15 | 08/01/2025 | 2.61% | 5% | Yes | $102.46 | $101.99 | 0.46% more expensive | 5 | 9 | 0 |
| 79771KBA3 | SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN PWR REV SER A-GREEN BDS | 10 | 11/01/2025 | 2.59% | 5% | No | $103.06 | $102.28 | 0.77% more expensive | 5 | 9 | 0 |
| 13068LM93 | STATE PUBLIC WORKS BOARD OF THE STATE OF CALIFORNIA LEASE REVENUE BONDS (DEPARTMENT OF CORRECTIONS AND REHABILITATION) 2017 SERIES D (VARIOUS CORRECTI | 185 | 09/01/2025 | 2.57% | 5% | No | $102.71 | $102.19 | 0.50% more expensive | 5 | 8 | 1 |
| 732098PW2 | POMONA CALIF UNI SCH DIST 2008 ELECTION-SER H | 65 | 08/01/2025 | 2.52% | 4% | No | $101.53 | $99.55 | 1.99% more expensive | 5 | 8 | 0 |
| 611594LC4 | MONROVIA CALIF UNI SCH DIST ELECTION 2022-SER A | 5 | 08/01/2025 | 2.52% | 5% | No | $102.56 | $101.92 | 0.63% more expensive | 5 | 8 | 0 |
| 764507DQ9 | RICHMOND CALIF WASTEWATER REV REF-SER B | 25 | 08/01/2032 | 2.51% | 5% | No | $111.76 | $110.04 | 1.56% more expensive | 5 | 9 | 1 |
| 13063DPC6 | CALIFORNIA ST REF-VARIUOS PURP | 10 | 04/01/2026 | 2.50% | 5% | No | $104.17 | $103.29 | 0.85% more expensive | 5 | 9 | 10 |
| 378441AF6 | GLENDALE CALIF MUN FING AUTH LEASE REV REF | 30 | 06/01/2025 | 2.50% | 5% | No | $102.17 | $101.63 | 0.53% more expensive | 5 | 9 | 0 |
| 13063DN53 | CALIFORNIA ST VARIOUS PURP | 660 | 04/01/2026 | 2.49% | 5% | No | $104.19 | $103.57 | 0.60% more expensive | 5 | 9 | 5 |
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Why Invest in California Municipal Bonds?
Investing in California municipal bonds can be an excellent choice for those seeking competitive yields, high coupon rates, strong credit ratings, and fair pricing. These bonds offer a balance of income and safety, making them a suitable option for expanding municipal bond portfolios with low-risk, income-generating assets.
Competitive Yield to Worst (YTW): The average Yield to Worst (YTW) for these California municipal bonds is approximately 2.54%. This rate is competitive in the current market, providing a conservative measure of the bond’s yield, even in a worst-case scenario, such as the bond being called before maturity. Investors looking at California muni bond yields will find this rate appealing.
Attractive Coupon Summary: The coupon rates for these California municipal bonds average 4.9%, with most bonds offering a 5% coupon rate. High coupon rates ensure a steady stream of income, which is particularly attractive in a low-interest-rate environment. For those considering California municipal bonds rates, these bonds provide consistent and reliable returns.
Strong Credit Quality Summary: The credit quality of these California municipal bonds is impressive, with all bonds having a Bondview Rating of 5 and BV Credit Scores ranging from 8 to 9. This indicates strong creditworthiness and a low risk of default, making them safer investments compared to lower-rated bonds. Investors seeking municipal bonds in California will appreciate the low risk associated with these high-rated bonds.
Insured Status Summary: Most of these California municipal bonds are not insured, with only one bond being insured. While insurance adds an extra layer of security, the high credit quality of these bonds suggests they are already low-risk investments. This reassures those looking to buy California bonds that they are investing in safe assets.
These California municipal bonds are good investments due to their competitive Yield to Worst (YTW), high coupon rates, and strong credit quality. The high coupon rates provide a steady income stream, and the strong credit ratings indicate low risk of default. Although most of the bonds are not insured, their high credit quality makes them relatively safe investments. For those exploring how to buy California municipal bonds, these bonds offer an excellent balance of income and safety.
Issuer Information
Airport Commission of the City and County of San Francisco
Facility: San Francisco International Airport
Purpose:
These are Second Series Revenue Refunding Bonds, Series 2017D (AMT). They are used to refinance existing debt related to airport operations and improvements. The AMT designation indicates they are subject to the Alternative Minimum Tax, providing opportunities for those interested in California municipal bonds for sale.
Moreno Valley Unified School District, California
Series: Election 2014, Series A
Purpose:
These general obligation bonds were approved by voters in a 2014 election. They fund school construction, renovation, and improvement projects within the district, attracting those interested in California muni bonds for educational projects.
San Francisco City & County Public Utilities Commission
Type: Power Revenue Bonds, Series A – Green Bonds
Purpose:
These green bonds finance environmentally beneficial projects related to the city’s power infrastructure, including renewable energy initiatives and energy efficiency improvements. They appeal to investors looking for sustainable California municipal bonds.
State Public Works Board of the State of California
Type: Lease Revenue Bonds
Purpose:
Issued for the Department of Corrections and Rehabilitation, 2017 Series D, these bonds fund correctional facility projects, including construction and renovation. They offer a solid investment for those examining municipal bond rates in California.
Pomona Unified School District, California
Series: 2008 Election, Series H
Purpose:
These bonds, part of a 2008 voter-approved measure, fund ongoing school construction, renovation, and improvement projects within the district. They are ideal for investors focusing on long-term educational improvements in California.
Monrovia Unified School District, California
Series: Election 2022, Series A
Purpose:
Recently approved bonds from a 2022 election, these fund new school construction, modernization, and improvement projects. They are suitable for those looking to invest in the future of California’s educational infrastructure.
City of Richmond, California
Type: Wastewater Revenue Refunding Bonds, Series B
Purpose:
These bonds refinance existing debt related to the city’s wastewater infrastructure, potentially lowering interest costs and improving the financial structure of the city’s wastewater system. They are attractive to investors seeking reliable California bonds for sale.
State of California
Type: Refunding Bonds – Various Purposes
Purpose:
These state-issued bonds refinance existing debt for various state projects and purposes, potentially achieving cost savings through lower interest rates. They offer diverse investment opportunities within California municipal bonds.
Type: Various Purpose Bonds
Purpose:
Funding a variety of public projects and initiatives across California, these state-issued bonds support infrastructure, education, environmental conservation, and other state programs. They offer a broad range of benefits for investors interested in California municipal bonds.
Glendale Municipal Financing Authority, California
Type: Lease Revenue Refunding Bonds
Purpose:
Used to refinance existing lease revenue bonds, these bonds typically fund public facilities or infrastructure projects in Glendale. They provide solid investment options for those exploring how to buy municipal bonds in California.
Each of these bonds serves specific purposes for their respective issuers, ranging from school improvements and airport upgrades to state-wide initiatives and municipal infrastructure projects. For investors looking to buy California bonds, these options provide a diversified portfolio with potential strong returns and low risk.
For Investors & Analysts
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This list is updated every 2 months.
This list of California municipal bonds for sale is current as of July 12, 2024. For real-time information, use BondView as your guide. A quick CUSIP entry or advanced search reveals details such as interest rates, coupon rates, maturity dates, recent trade prices, and credit ratings.
Note: Market value may vary during the investment period. Prices are subject to prior sale and market conditions as of 07/12/24.
As with any investment, the market value may vary during the period the investment is held. Subject to prior sale and market conditions. Price as of 07/12/25