Sacramento to redeem $346.8 million in series 2004 taxable pension funding bonds

By Sheri Kasprzak

New York, March 14 - Sacramento, Calif. will redeem $346.8 million in series 2004C-1 in convertible auction-rate securities, a notice of full redemption revealed Friday.

The redemption is set to take place on April 15, the notice said.

Deutsche Bank National Trust Co. is the paying agent and trustee for the redemption.

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