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Prospect News home > News index > List of issuers Tenders > Headlines for 2011 > News item |
Sacramento to redeem 2002 series Q electric revenue bonds at par
By Marisa Wong
Madison, Wis., Oct. 6 - Sacramento Municipal Utility District defeased a portion of its outstanding electric revenue refunding bonds, 2002 series Q. The defeased bonds will be redeemed on Aug. 15, 2012 at par, according to a revised notice.
The issuer previously said that the bonds would be redeemed at 101.
The following bonds were defeased:
• $20,000 of bonds due Aug. 15, 2014;
• $20,000 of bonds due Aug. 15, 2015;
• $20,000 of bonds due Aug. 15, 2016;
• $1.09 million of bonds due Aug. 15, 2017;
• $1.145 million of bonds due Aug. 15, 2018;
• $1.2 million of bonds due Aug. 15, 2019;
• $1.26 million of bonds due Aug. 15, 2020;
• $1.33 million of bonds due Aug. 15, 2021;
• $1.395 million of bonds due Aug. 15, 2022; and
• $8.465 million of bonds due Aug. 15, 2028.
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