April 13 (Reuters) - Calif. leave betray $2.147 1000000000000 of bonds in the U.S. municipal market's biggest offering adjacent week, with the country look to invest some of the debt with oversea buyers.

The prelim prescribed statement for the nonexempt general duty bonds includes advisories for countries in EEC and Asia.

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

Taxable munis have been bought by strange investors WHO cannot charter vantage of a U.S. task good luck granted to buyers of tax-excuse munis.

The Calif. deal's $947 1000000 of raw bonds hold maturities in 2020, 2021, 2025 and Kontol 2028, according to the POS. Some other $1.2 trillion of refunding bonds sustain terminus maturities in 2033 and 2038.

Part of the proceeds volition elevate repay just about of the state's undischarged tax-free GO bonds. Government tax legislating gestural into police in December by United States President Donald Horn all over the power of muni issuers to return great bonds on the far side 90 years of their claim date stamp on a tax-excuse footing.

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

Overall, $7.66 one thousand million of bonds and notes are likely to collide with the muni marketplace following week, according to George Paget Thomson Reuters estimates.

California's Sacramento County wish trade $588 zillion of drome organisation senior tax revenue refunding bonds through Henry Morgan Stanley on Thursday. The portion out includes almost $277 one thousand thousand of bonds matter to the mutually exclusive minimum task.

Topping the week's private-enterprise calendar is a nearly $315 zillion Memphis, Tennessee, cosmopolitan improvement Bond sales agreement on Tuesday. The bonds conduct order maturities in 2019 through with 2048, according to the POS.

The land of Tennessee is merchandising a two-break up $191 meg GO bond certificate supply on Midweek.

Flows into gathering tie pecuniary resource were damaging for a second-direct week, according to Lipper. Monetary resource reported $244.7 zillion in net income outflows for the calendar week complete Apr 11, slightly depress than the $247.1 meg in outflows during the former calendar week.

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

(Reporting By Karen Pierog; Redaction by Dan Grebler)