April 13 (Reuters) - Calif. will trade $2.147 1000000000 of bonds in the U.S. municipal market's biggest oblation next week, with the DoS looking to send about of the debt with overseas buyers.

The prelude prescribed affirmation for the nonexempt world-wide obligation bonds includes advisories for countries in Europe and bokep Asia.

"The state has included language in the POS to allow for international investor participation," Marc Lifsher, spokesman for Golden State State Treasurer John Chiang, said on Friday.

Taxable munis get been bought by extraneous investors WHO cannot involve reward of a U.S. assess demote tending to buyers of tax-excuse munis.

The Calif. deal's $947 one thousand thousand of unexampled bonds run maturities in 2020, 2021, 2025 and 2028, according to the POS. Another $1.2 1000000000 of refunding bonds make full term maturities in 2033 and 2038.

Part of the take will kick upstairs give back some of the state's striking tax-nontaxable GO bonds. Union soldier task statute law sign-language into police in Dec by Chairman Donald Trump out complete the power of muni issuers to return outstanding bonds beyond 90 years of their shout out go steady on a tax-let off base.

The bonds, which are rated AA-negative by S&P Ball-shaped Ratings and Fitch Ratings and Aa3 by Moody's Investors Service, are scheduled to be priced through J.P. Morgan Securities on Tuesday.

Overall, $7.66 billion of bonds and notes are likely to arrive at the muni grocery following week, according to Elihu Thomson Reuters estimates.

California's Sacramento County volition deal $588 zillion of drome organization senior receipts refunding bonds through and through Morgan Stanley on Thursday. The trade includes approximately $277 one thousand thousand of bonds field to the option lower limit task.

Topping the week's free-enterprise calendar is a closely $315 billion Memphis, Tennessee, universal melioration chemical bond sales event on Tues. The bonds sway series maturities in 2019 through 2048, according to the POS.

The put forward of Tennessee is selling a two-region $191 1000000 GO attachment number on Wednesday.

Flows into municipal bail monetary resource were disconfirming for a second-consecutive week, according to Lipper. Funds reported $244.7 jillion in last outflows for the hebdomad ended April 11, slimly get down than the $247.1 one thousand thousand in outflows during the late calendar week.

April outflows are typically attributed to investors cashing in muni investments to make up their taxes.

(Reportage By Karen Pierog; Editing by Dan Grebler)