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February 05, 2021

What Are SLGS & OMS?

February 05, 2021/ Chet Wang

When districts issue advanced refunding bonds, the proceeds are placed in an escrow account.  The funds in the account are reinvested in State and Local Government Series (SLGS) or Open Market Securities (OMS) until the call date of the bonds being refunded.

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February 05, 2021/ Chet Wang/
Keygent Advisors, General Obligation Bonds, California School Districts, Chet Wang

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Chet Wang is a registered municipal advisor with an exclusive focus on California education municipal bonds.
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