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Published on 4/2/2014 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

California calls $169.47 million of 2004 general obligation bonds

By Marisa Wong

Madison, Wis., April 2 - The State of California will redeem $169,465,000 of its general obligation bonds on June 1, according to a notice.

The following bonds will be redeemed at par plus accrued interest to the redemption date:

• $7,995,000 of $8,075,000 outstanding 4% bonds due Dec. 1, 2014;

• All $32.76 million of outstanding 5% bonds due Dec. 1, 2015;

• All $21,665,000 of outstanding 4.25% bonds due Dec. 1, 2016;

• $9,355,000 of $9.45 million outstanding 5% bonds due Dec. 1, 2019;

• $9.86 million of $9.96 million outstanding 5% bonds due Dec. 1, 2020;

• $10.39 million of $10,495,000 outstanding 5.25% bonds due Dec. 1, 2021;

• $10,945,000 of $11.06 million outstanding 5.25% bonds due Dec. 1, 2022;

• $11.53 million of $11.66 million outstanding 5.25% bonds due Dec. 1, 2023;

• $12,155,000 of $12.29 million outstanding 5.25% bonds due Dec. 1, 2024;

• $12.81 million of $12.95 million outstanding 5.25% bonds due Dec. 1, 2025; and

• $30 million of $30,555,000 outstanding 5% bonds due Dec. 1, 2031.

The called bonds were issued in June 2004.


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