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Modesto Irrigation, Calif., to tender, remarket $66.03 million COPs
By Cristal Cody
Springdale, Ark., Aug. 15 - The Modesto Irrigation District in California plans to remarket the $66.025 million series 2004B certificates of participation, according to a preliminary reoffering circular.
The auction-rate certificates (/A+/A+) have a mandatory tender on Sept. 9 and will be converted to a fixed rate.
The certificates have serial maturities from 2026 through 2035.
Goldman, Sachs & Co. is the remarketing agent.
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