San Diego Redevelopment Agency calls $100.41 million subordinate bonds

By Tanya Meyer

Chicago, Jan. 29 – The Redevelopment Agency of the City of San Diego has defeased and plans to redeem $100.41 million of its subordinate tax allocation bonds for the Centre City Redevelopment Project, according to a notice.

The following series 2001A bonds, originally issued on Nov. 1, 2001, will be redeemed for an aggregate amount of $36,370,000 on March 1 at par plus accrued interest up to the redemption date:

• $1,415,000 of 4.5% bonds due Sept. 1, 2016;

• $1,445,000 of 5.25% bonds due Sept. 1, 2017;

• $1,480,000 of 5.25% bonds due Sept.1, 2018;

• $3,355,000 of 5.25% bonds due Sept. 1, 2019;

• $3,445,000 of 5.25% bonds due Sept. 1, 2020;

• $3,530,000 million of 5.25% bonds due Sept. 1, 2021; and

• $21,700,000 million of 5% bonds due Sept. 1, 2026.

The Bank of New York Mellon Trust Co., NA is the trustee.

The following series A bonds, originally issued on July 28, 2004, will also be redeemed for an aggregate amount of $64,040,000 on March 1 at par plus accrued interest up to the redemption date:

• $5,615,000 of 5.25% bonds due Sept. 1, 2016;

• $2,205,000 of 5% bonds due Sept. 1, 2017;

• $2,310,000 of 5% bonds due Sept. 1, 2018;

• $4,000,000 of 5% bonds due Sept. 1, 2019;

• $4,220,000 of 5% bonds due Sept. 1, 2020;

• $4,435,000 million of 5% bonds due Sept. 1, 2021;

• $4,665,000 million of 5% bonds due Sept. 1, 2022;

• $4,885,000 million of 5% bonds due Sept. 1, 2023; and

• $31,705,000 million of 5% bonds due Sept. 1, 2029.

Wells Fargo Bank, NA is the trustee.

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