California to redeem $296.49 million of its general obligation bonds

By Devika Patel

Knoxville, Tenn., March 30 - The State of California said it will redeem $296.49 million of its general obligation bonds at 101 plus accrued interest to May 1, the redemption date.

The bonds range in coupon from 5.5% to 5.75% and have scheduled maturities ranging from May 1, 2011 to May 1, 2030.

Investors with questions may contact the California State Treasurer's Office (800 900-3873).

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