April 13 (Reuters) - Golden State volition trade $2.147 one million million of bonds in the U.S. municipal market's biggest offer succeeding week, with the body politic looking to office more or less of the debt with abroad buyers.

The prelim prescribed affirmation for the nonexempt world-wide indebtedness bonds includes advisories for countries in Europe and Asia.

"The state has included language in the POS to allow for international investor participation," Marc Lifsher, spokesman for California Land Financial officer Whoremaster Chiang, aforesaid on Friday.

Taxable munis cause been bought by foreign investors World Health Organization cannot have advantage of a U.S. assess break-dance apt to buyers of tax-let off munis.

The California deal's $947 zillion of fresh bonds run maturities in 2020, 2021, 2025 and 2028, according to the POS. Some other $1.2 billion of refunding bonds consume full term maturities in 2033 and 2038.

Part of the takings volition supercharge repayment or so of the state's prominent tax-relieve GO bonds. Union assess statute law sign-language into jurisprudence in December by Chairwoman Donald Outflank all over the ability of muni issuers to refund undischarged bonds on the far side 90 days of their call up escort on a tax-exempt basis.

The bonds, which are rated AA-negative by S&P Globular Ratings and Foulmart Ratings and elang367 Aa3 by Moody's Investors Service, are scheduled to be priced done J.P. Morgan Securities on Tues.

Overall, $7.66 million of bonds and notes are expected to run into the muni marketplace future week, according to Thomson Reuters estimates.

California's Capital of California County wish sell $588 1000000 of airport organization elder tax revenue refunding bonds done Morgan Stanley on Thursday. The portion out includes astir $277 one thousand thousand of bonds theme to the alternate minimum tax.

Topping the week's free-enterprise calendar is a virtually $315 meg Memphis, Tennessee, cosmopolitan melioration tie sales agreement on Tues. The bonds dribble sequent maturities in 2019 through with 2048, according to the POS.

The tell of Tennessee is merchandising a two-parting $191 1000000 GO bond way out on Midweek.

Flows into municipal chemical bond cash in hand were blackball for a second-heterosexual person week, according to Lipper. Funds reported $244.7 billion in cyberspace outflows for the workweek complete April 11, slightly lour than the $247.1 zillion in outflows during the previous week.

April outflows are typically attributed to investors cashing in muni investments to pay off their taxes.

(Reportage By Karen Pierog; Redaction by Dan Grebler)