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California defeases $1.29 billion 2009A economic recovery bonds
By Tali Rackner
Norfolk, Va., Nov. 4 – California defeased $1,291,135,000 of its series 2009A economic recovery bonds, according to a notice.
The following will be redeemed at par plus accrued interest on July 1, 2019:
• $96,525,000 of 4.6% bonds due July 1, 2019;
• $399.62 million of 5% bonds due July 1, 2019;
• $507,455,000 of 5% bonds due July 1, 2020;
• $287,035,000 of 5.25% bonds due July 1, 2021; and
• $500,000 of 4.75% bonds due July 1, 2023.
The Treasurer of the State of California is the escrow agent.
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