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Published on 10/31/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

California calls $265.21 million 2003C Department of Corrections bonds

By Tali David

Minneapolis, Oct. 31 - The State Public Works Board of the State of California called $265.21 million of its 2003 series C Department of Corrections lease revenue bonds issued for California State Prison - Kern County at Delano II, according to a notice.

The following will be redeemed at par plus accrued interest on Dec. 1:

• $14,325,000 of 5.5% bonds due June 1, 2015;

• $15.11 million of 5.5% bonds due June 1, 2016;

• $15.94 million of 5.5% bonds due June 1, 2017;

• $16.82 million of 5.5% bonds due June 1, 2018;

• $17,745,000 of 5.5% bonds due June 1, 2019;

• $18.72 million of 5.5% bonds due June 1, 2020;

• $19.75 million of 5.5% bonds due June 1, 2021;

• $20,835,000 of 5.5% bonds due June 1, 2022;

• $21.98 million of 5.5% bonds due June 1, 2023;

• $23.19 million of 5% bonds due June 1, 2024; and

• $80,795,000 of 5.25% bonds due June 1, 2028.

The Treasurer of the State of California is the trustee.


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