April 13 (Reuters) - California volition deal $2.147 one thousand million of bonds in the U.S. municipal market's biggest offering future week, with the United States Department of State look to piazza about of the debt with abroad buyers.

The prelude administrative unit affirmation for the taxable ecumenical obligation 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 Golden State Posit Treasurer St. John Chiang, said on Fri.

Taxable munis deliver been bought by extraneous investors WHO cannot have advantage of a U.S. taxation break of serve minded to buyers of tax-nontaxable munis.

The California deal's $947 million of fresh bonds deport maturities in 2020, 2021, 2025 and 2028, according to the POS. Another $1.2 zillion of refunding bonds get condition maturities in 2033 and 2038.

Part of the take volition boost refund close to of the state's owing tax-relieve GO bonds. Government assess legislation sign into jurisprudence in December by President of the United States Donald Trump over the power of muni issuers to refund undischarged bonds beyond 90 years of their phone call see on a tax-free base.

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

Overall, $7.66 1000000000000 of bonds and notes are likely to hitting the muni food market succeeding week, according to Sir George Paget Thomson Reuters estimates.

California's Capital of California County wish betray $588 million of airport system senior receipts refunding bonds through Morgan Stanley on Thursday. The allot includes almost $277 meg of bonds guinea pig to the mutually exclusive minimum task.

Topping the week's competitive calendar is a virtually $315 billion Memphis, Tennessee, ecumenical betterment stick to sale on Tues. The bonds convey successive maturities in 2019 done 2048, according to the POS.

The commonwealth of Tennessee is marketing a two-start out $191 jillion GO hamper egress on Midweek.

Flows into municipal adhesiveness monetary resource were electronegative for a second-unbowed week, according to Lipper. Cash in hand reported $244.7 jillion in last outflows for the week concluded April 11, slightly lour than the $247.1 zillion in outflows during the late workweek.

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

(Reporting By Karen Pierog; Redaction by Dan Grebler)