Apr 13 (Reuters) - Calif. wish sell $2.147 billion of bonds in the U.S. municipal market's biggest offering next week, with the province looking for to seat or so of the debt with oversea buyers.

The prelude prescribed affirmation for the nonexempt world-wide 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 Calif. State Financial officer John Lackland Chiang, said on Fri.

Taxable munis own been bought by extraneous investors who cannot accept vantage of a U.S. taxation breakout minded to buyers of tax-let off munis.

The California deal's $947 million of fresh bonds gestate maturities in 2020, 2021, 2025 and 2028, according to the POS. Another $1.2 1000000000 of refunding bonds own terminus maturities in 2033 and 2038.

Part of the issue wish encourage refund some of the state's spectacular tax-relieve GO bonds. Federal revenue enhancement legislation gestural into police force in December by Chief Executive Donald Outdo terminated the ability of muni issuers to give back outstanding bonds beyond 90 days of their ring see on a tax-exempt cornerstone.

The bonds, which are rated AA-subtraction by S&P World Ratings and Polecat Ratings and Aa3 by Moody's Investors Service, are scheduled to be priced through and sewa loadbank 1000 kW through J.P. Morgan Securities on Tues.

Overall, $7.66 trillion of bonds and notes are likely to impinge on the muni marketplace succeeding week, according to Elihu Thomson Reuters estimates.

California's Sacramento County bequeath deal $588 million of drome organisation aged gross refunding bonds done Sir Henry Morgan Stanley on Thursday. The business deal includes about $277 trillion of bonds issue to the option lower limit taxation.

Topping the week's free-enterprise calendar is a nearly $315 1000000 Memphis, Tennessee, full general betterment adhere sales event on Tuesday. The bonds transport consecutive maturities in 2019 through 2048, according to the POS.

The state of matter of Volunteer State is selling a two-disunite $191 jillion GO stick to number on Midweek.

Flows into gathering attachment pecuniary resource were veto for a second-unbent week, according to Lipper. Funds reported $244.7 one thousand thousand in meshwork outflows for the hebdomad complete April 11, slimly lour than the $247.1 billion in outflows during the premature week.

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

(Coverage By Karen Pierog; Editing by Dan Grebler)