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Published on 4/15/2014 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Sacramento Municipal calls all $66 million of 2004T electric bonds

By Tali Rackner

Norfolk, Va., April 15 - The Sacramento Municipal Utility District issued a mandatory redemption notice for its $66 million of 2004 series T electric revenue refunding bonds, according to a notice.

The following will be redeemed at par plus accrued interest on May 15:

• $3.95 million of 5.25% bonds due May 15, 2015;

• $4,155,000 of 5.25% bonds due May 15, 2016;

• $4,375,000 of 5.25% bonds due May 15, 2017;

• $4.6 million of 5.25% bonds due May 15, 2018;

• $4.84 million of 5.25% bonds due May 15, 2019;

• $5,095,000 of 5.25% bonds due May 15, 2020;

• $5.36 million of 5.25% bonds due May 15, 2021;

• $5.64 million of 5.25% bonds due May 15, 2022;

• $5.93 million of 5.25% bonds due May 15, 2023;

• $6,235,000 of 5.25% bonds due May 15, 2024; and

• $15.82 million of 5% bonds due May 15, 2030.

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


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