Sacramento Transportation to redeem $106.1 million sales tax bonds

By Jennifer Chiou

New York, Aug. 22 – Sacramento Transportation Authority announced that it will redeem $106.1 million of its series 2009A Measure A sales tax revenue limited tax bonds due Oct. 1, 2038 on Sept. 3.

The bonds will be purchased at par plus accrued interest to the purchase date.

The conditional redemption notice is contingent on sufficient funds to redeem the bonds.

Deutsche Bank National Trust Co. is the trustee.

The Sacramento local transportation agency is responsible for administering the Measure A program 0.5% sales tax for transportation improvements in Sacramento County.

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