SAN FRANCISCO, Nov 12 (Reuters) - Fairfax Financial Holdings Ltd ordered $750 million of California's Build America Bonds when they were put up for sale, a spokesman for the state treasurer said on Thursday.
Fairfax approached California earlier this month about buying a significant amount of its BABs, prompting State Treasurer Bill Lockyer to speed the sale of the debt, said spokesman Tom Dresslar.
The debt sale garnered a total of $908 million in orders.
Lockyer's office declined to disclose Fairfax's approach during its sale. Fairfax could not immediately be reached for comment.
((Reporting by Jim Christie, Editing by Gary Crosse)) Keywords: ECONOMY CALIFORNIA/BABS (jim.christie@thomsonreuters.com; +1-415-677-2539; Reuters Messaging: jim.christie.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Fairfax approached California earlier this month about buying a significant amount of its BABs, prompting State Treasurer Bill Lockyer to speed the sale of the debt, said spokesman Tom Dresslar.
The debt sale garnered a total of $908 million in orders.
Lockyer's office declined to disclose Fairfax's approach during its sale. Fairfax could not immediately be reached for comment.
((Reporting by Jim Christie, Editing by Gary Crosse)) Keywords: ECONOMY CALIFORNIA/BABS (jim.christie@thomsonreuters.com; +1-415-677-2539; Reuters Messaging: jim.christie.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
