The state of California is set to sell $12.5 billion in debt over the next 18 months after the state's economic recovery helped reduce borrowing costs to levels last seen five years ago, according to Treasurer Bill Lockyer. First off it will sell $5 to $6 billion in general obligation bonds in the first half of next year. After July 1 there will be a sale for another $5 billion and $2 billion in lease revenue securities, Lockyer told listeners at a Bond Buyer conference in L.A. Any of you guys interested in buying bonds from California?