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East Bay Municipal Utility District to redeem $100 million in series 2005 auction-rate bonds
By Sheri Kasprzak
New York, March 24 - The East Bay Municipal Utility District in California intends to redeem $100 million in series 2005 water system subordinated revenue bonds.
The affected debt is auction-rate securities.
The bonds will be redeemed March 27 at par, according to a notice of redemption.
The redemption impacts $50 million in series 2005C-1 bonds and $50 million in series 2005C-2 bonds. Both bonds are due on June 1, 2035.
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