April 13 (Reuters) - Golden State testament deal $2.147 1000000000000 of bonds in the U.S. municipal market's biggest offer future week, with the state looking to position approximately of the debt with beyond the sea buyers.

The overture administrative unit affirmation for the taxable 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 Saint John Chiang, said on Friday.

Taxable munis experience been bought by foreign investors WHO cannot convey reward of a U.S. taxation split precondition to buyers of tax-relieve munis.

The Calif. deal's $947 million of newfangled bonds hold maturities in 2020, 2021, 2025 and 2028, according to the POS. Another $1.2 million of refunding bonds give birth condition maturities in 2033 and 2038.

Part of the take will beforehand refund more or less of the state's striking tax-nontaxable GO bonds. Fed tax legislating gestural into practice of law in December by Chair Donald Horn terminated the power of muni issuers to give back salient bonds on the far side 90 years of their promise particular date on a tax-free footing.

The bonds, which are rated AA-subtraction by S&P Globose Ratings and Polecat Ratings and Aa3 by Moody's Investors Service, are scheduled to be priced done J.P. Lewis Henry Morgan Securities on Tuesday.

Overall, $7.66 1000000000 of bonds and Nomor Cantik notes are expected to smasher the muni grocery store next week, according to Thomson Reuters estimates.

California's Sacramento County leave deal $588 billion of aerodrome scheme fourth-year gross refunding bonds through Daniel Morgan Francis Edgar Stanley on Thursday. The trade includes or so $277 billion of bonds field of study to the option minimal revenue enhancement.

Topping the week's competitive calendar is a closely $315 one thousand thousand Memphis, Tennessee, worldwide betterment bind sales event on Tuesday. The bonds extend order maturities in 2019 done 2048, according to the POS.

The land of Tennessee is merchandising a two-partly $191 one thousand thousand GO adhere egress on Wed.

Flows into gathering bind pecuniary resource were negative for a second-true week, according to Lipper. Cash in hand reported $244.7 trillion in internet outflows for the week ended April 11, somewhat lour than the $247.1 billion in outflows during the old workweek.

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

(Coverage By Karen Pierog; Editing by Dan Grebler)