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Published on 9/12/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Salt River Project, Ariz., calls $50.17 million electric system bonds

By Tali David

Minneapolis, Sept. 12 - The Salt River Project Agricultural Improvement and Power District, Ariz., called $50.17 million of its 2002 series C electric system revenue bonds in full, according to a notice.

The district will redeem $30.03 million of 5% bonds due Jan. 1, 2014 and $20.14 million of 5% bonds due Jan. 1, 2015.

The bonds will be redeemed at par plus accrued interest on Oct. 11.

U.S. Bank NA is the trustee or agent.

The utility is based in Tempe, Ariz.


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