California water department defeases $1.05 billion power supply bonds

By Marisa Wong

Madison, Wis., Nov. 8 - The State of California Department of Water Resources said it defeased a total of $1.05 billion of its variable-rate power supply revenue bonds on Oct. 20.

To be redeemed are the following bonds:

• $5 million of 2002 series B-1 bonds due May 1, 2022;

• $153.8 million of 2002 series C-1 bonds due May 1, 2022;

• $50 million of 2002 series C-5 bonds due May 1, 2022;

• $123.8 million of 2002 series C-8 bonds due May 1, 2022;

• $22.4 million of 2002 series C-9 bonds due May 1, 2022;

• $40.4 million of 2002 series C-11 bonds due May 1, 2022;

• $29 million of 2002 series C-14 bonds due May 1, 2022;

• $4.2 million of 2002 series C-17 bonds due May 1, 2022;

• $16.8 million of 2005 series G-1 bonds due May 1, 2011;

• $6.2 million of 2005 series G-2 bonds due May 1, 2011;

• $100 million of 2005 series G-3 bonds due May 1, 2016;

• $200 million of 2005 series G-5 bonds due May 1, 2016;

• $85.78 million of 2005 series G-6 bonds due May 1, 2017;

• $25.5 million of 2008 series J-1 bonds due May 1, 2018; and

• $191.46 million of 2008 series J-2 bonds due May 1, 2018.

The Treasurer of the State of California is the trustee and U.S. Bank NA is co-trustee.

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