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San Diego USD to redeem $201.34 million 2005 general obligation bonds
By Tali Rackner
Norfolk, Va., June 2 – The San Diego Unified School District plans to redeem $201,335,000 of its 2005 general obligation bonds on July 1, according to multiple notices.
The following election of 1998, series B-2 bonds, totaling $67.85 million, will be redeemed at 101 plus accrued interest to the redemption date:
• $13,364,000 of 4.75% bonds due July 1, 2022;
• $14,685,000 of 4.75% bonds due July 1, 2023;
• $19.02 million of 4.75% bonds due July 1, 2024; and
• $20.78 million of 4.75% bonds due July 1, 2025.
The following election of 1998, series D-2 bonds, totaling $75.26 million, will be redeemed at 101 plus accrued interest to the redemption date:
• $32,285,000 of 4.75% bonds due July 1, 2026; and
• $42,975,000 of 4.75% bonds due July 1, 2027.
The following election of 1998, series E-2 bonds will be redeemed at 101 plus accrued interest to the redemption date:
• $51.83 million of 4.75% bonds due July 1, 2028.
The following election of 1998, series G bonds, totaling $6,395,000, will be redeemed at par plus accrued interest to the redemption date:
• $4.65 million of 3.7% bonds due July 1, 2016; and
• $1,745,000 of 4.375% bonds due July 1, 2029.
MUFG Union Bank, NA is the escrow agent.
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