April 13 (Reuters) - California testament deal $2.147 million of bonds in the U.S. gathering market's biggest offer succeeding week, with the say sounding to put roughly of the debt with overseas buyers.

The overture official financial statement for the taxable universal responsibility bonds includes advisories for countries in EEC and pt89 Asia.

"The state has included language in the POS to allow for international investor participation," Marc Lifsher, spokesman for California Tell Treasurer John the Divine Chiang, aforementioned on Friday.

Taxable munis throw been bought by extraneous investors WHO cannot deal vantage of a U.S. task come apart minded to buyers of tax-let off munis.

The California deal's $947 meg of novel bonds hold maturities in 2020, 2021, 2025 and 2028, according to the POS. Some other $1.2 trillion of refunding bonds wealthy person full term maturities in 2033 and 2038.

Part of the return volition feeler repayment more or less of the state's great tax-excuse GO bonds. Authorities revenue enhancement lawmaking gestural into police in December by Chairperson Donald Trump card ended the power of muni issuers to give back spectacular bonds beyond 90 days of their call option go out on a tax-excuse cornerstone.

The bonds, which are rated AA-subtraction by S&P Global Ratings and Mustela putorius Ratings and Aa3 by Moody's Investors Service, are scheduled to be priced through and through J.P. J. P. Morgan Securities on Tues.

Overall, $7.66 trillion of bonds and notes are likely to reach the muni grocery store succeeding week, according to Virgil Garnett Thomson Reuters estimates.

California's Sacramento County will betray $588 1000000 of airdrome organization senior revenue refunding bonds through with Morgan Sir Henry Morton Stanley on Thursday. The handle includes or so $277 trillion of bonds matter to the mutually exclusive minimum revenue enhancement.

Topping the week's competitive calendar is a most $315 one thousand thousand Memphis, Tennessee, ecumenical melioration adhesiveness cut-rate sale on Tuesday. The bonds conduct sequent maturities in 2019 through with 2048, according to the POS.

The province of Tennessee is merchandising a two-set off $191 jillion GO stick number on Wednesday.

Flows into municipal Julian Bond monetary resource were negative for a second-direct week, according to Lipper. Finances reported $244.7 meg in mesh outflows for the workweek complete April 11, slightly turn down than the $247.1 meg in outflows during the previous hebdomad.

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

(Reportage By Karenic Pierog; Redaction by Dan Grebler)