This morning, the city of Oakland announced that it had sold all $285 million of the municipal bonds it issued last week. The bond series was offered last Wednesday after two years of waiting, due to concerns about the city’s downgraded credit rating and overall financial outlook.
They all sold within a week.
The city told The Oaklandside that there was more demand for its bonds than it could actually sell, with $638 million in orders from 26 separate investment firms…