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Published on 1/3/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Southern California's 2011 A-1, A-3 water bonds have mandatory tender

By Tali David

Minneapolis, Jan. 3 - The Metropolitan Water District of Southern California said that its series 2011 A-1 and 2011 A-3 water revenue refunding bonds due July 1, 2036 are subject to mandatory tender.

The bonds will be purchased at par plus accrued interest on Jan. 14, according to a notice.

The 2011 A-1 bonds are outstanding in aggregate principal mount of $64.44 million and the 2011 A-3 bonds are outstanding in aggregate principal mount of $64,435,000.

Wells Fargo Bank, NA is the paying agent.

The Metropolitan Water District is comprised of 26 cities and water districts and provides drinking water to residents of Los Angeles, Orange, San Diego, Riverside, San Bernardino and Ventura counties in southern California.


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