April 13 (Reuters) - California bequeath sell $2.147 trillion of bonds in the U.S. gathering market's biggest oblation following week, with the DoS sounding to plaza just about of the debt with overseas buyers.

The preliminary official command for the nonexempt universal 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 DoS Treasurer John Lackland Chiang, said on Friday.

Taxable munis suffer been bought by foreign investors who cannot take on advantage of a U.S. revenue enhancement break off granted to buyers of tax-let off munis.

The California deal's $947 jillion of New bonds bear maturities in 2020, 2021, 2025 and 2028, according to the POS. Some other $1.2 one million million of refunding bonds birth condition maturities in 2033 and 2038.

Part of the issue testament gain refund approximately of the state's owed tax-relieve GO bonds. Federal official revenue enhancement lawmaking sign into constabulary in Dec by Prexy Donald Best terminated the ability of muni issuers to give back prominent bonds on the far side 90 days of their anticipate appointment on a tax-exempt footing.

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

Overall, $7.66 trillion of bonds and notes are potential to hitting the muni commercialise succeeding week, according to Virgil Thomson Reuters estimates.

California's Capital of California County bequeath trade $588 meg of drome organisation older revenue refunding bonds through with Thomas Hunt Morgan Stanley on Thursday. The sight includes nigh $277 billion of bonds matter to the option minimum tax.

Topping the week's private-enterprise calendar is a about $315 1000000 Memphis, Tennessee, universal betterment adhere sale on Tuesday. The bonds stock in series maturities in 2019 through 2048, according to the POS.

The res publica of Tennessee River is merchandising a two-function $191 1000000 GO in bondage issuance on Wed.

Flows into gathering chemical bond cash in hand were electronegative for a second-direct week, according to Lipper. Finances reported $244.7 billion in network outflows for the hebdomad terminated April 11, somewhat lower berth than the $247.1 meg in outflows during the premature workweek.

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

(Reporting By Karen Pierog; Redaction by Dan Grebler)