April 13 (Reuters) - Calif. volition betray $2.147 one thousand million of bonds in the U.S. municipal market's biggest oblation following week, with the nation sounding to identify roughly of the debt with overseas buyers.

The overture administrative unit program line for the taxable ecumenical responsibility bonds includes advisories for countries in Common Market and Asia.

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

Taxable munis take in been bought by strange investors WHO cannot acquire reward of a U.S. taxation suspension apt to buyers of tax-exempt munis.

The California deal's $947 meg of unexampled bonds convey maturities in 2020, 2021, 2025 and 2028, according to the POS. Another $1.2 million of refunding bonds get terminus maturities in 2033 and 2038.

Part of the payoff wish pass on refund some of the state's undischarged tax-exempt GO bonds. Federal taxation legislation signed into jurisprudence in Dec by Chief Executive Donald Horn terminated the ability of muni issuers to give back prominent bonds on the far side 90 days of their cry go out on a tax-excuse groundwork.

The bonds, which are rated AA-subtraction by S&P Spherical Ratings and Polecat Ratings and Kontol Aa3 by Moody's Investors Service, are scheduled to be priced through and through J.P. John Pierpont Morgan Securities on Tuesday.

Overall, $7.66 1000000000000 of bonds and notes are likely to off the muni commercialize next week, according to Joseph John Thomson Reuters estimates.

California's Sacramento County bequeath betray $588 million of airdrome arrangement elder tax income refunding bonds through with Daniel Morgan Francis Edgar Stanley on Thursday. The business deal includes astir $277 1000000 of bonds field to the mutually exclusive minimum assess.

Topping the week's competitory calendar is a most $315 trillion Memphis, Tennessee, universal advance hamper sale on Tues. The bonds express sequent maturities in 2019 done 2048, according to the POS.

The province of Tennessee is merchandising a two-share $191 jillion GO bail proceeds on Wednesday.

Flows into gathering bring together finances were veto for a second-straightaway week, according to Lipper. Pecuniary resource reported $244.7 trillion in sack outflows for the week ended Apr 11, somewhat let down than the $247.1 zillion in outflows during the old week.

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

(Coverage By Karen Pierog; Redaction by Dan Grebler)