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Published on 6/25/2014 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Contra Costa Water, Calif., to redeem $114.56 million water bonds

By Tali Rackner

Norfolk, Va., June 25 – The Contra Costa Water District, Calif., plans to redeem $114,555,000 of its series N water revenue refunding bonds, according to a notice.

The following refunded bonds will be redeemed at 102 plus accrued interest on April 1, 2015:

• $14,015,000 of 5% bonds due Oct. 1, 2020;

• $14,735,000 of 5% bonds due Oct. 1, 2021;

• $15.49 million of 5% bonds due Oct. 1, 2022;

• $16.28 million of 5% bonds due Oct. 1, 2023;

• $17.12 million of 5% bonds due Oct. 1, 2024;

• $17,995,000 of 5% bonds due Oct. 1, 2025; and

• $18.92 million of 5% bonds due Oct. 1, 2026.

U.S. Bank NA is the agent.


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