California calls various purpose G.O. bonds, defeases some G.O.s

By Tali Rackner

Norfolk, Va., Oct. 8 – The State of California called $575.42 million of its various purpose general obligation bonds and defeased $526,725,000 of its G.O. bonds, according to two notices.

The various purpose G.O. bonds, which are due June 1, 2015 to 2016, 2020 to 2029, 2031 and 2034, will be redeemed at par plus accrued interest on Dec. 1.

The G.O. bonds, which are due March 1, 2016 through 2030, 2033 and 2035 will be redeemed at par plus accrued interest on March 1, 2015, and the bonds due June 1, 2024 through 2029, 2031, 2033 and 2035 will be redeemed at par plus accrued interest on June 1, 2015.

The Treasurer of the State of California is the escrow agent.

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