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Published on 4/26/2010 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

San Diego Public Facilities calls $178.78 million sewer revenue bonds

By Marisa Wong

Milwaukee, April 26 - The Public Facilities Financing Authority of the City of San Diego gave notice that it will redeem all $178.775 million of its outstanding sewer revenue bonds, series 1995, 1997A, 1997B, 1999A and 1999B.

The bonds will be redeemed at their respective redemption prices, plus accrued interest up to the redemption dates.

The 1995, 1997A and 1997B bonds will be redeemed on April 29 at par. The 1999A and 1999B bonds will be redeemed on May 15 at 100.5.

Affected are the following bonds:

• $43.85 million of 5% 1995 bonds due May 15, 2025;

• $22.565 million of 5.25% 1997A bonds due May 15, 2027;

• $8.26 million of 5.25% 1997B bonds due May 15, 2027;

• $67.02 million of 5% 1999A bonds due May 15, 2029; and

• $37.08 million of 5% 1999B bonds due May 15, 2029.

The Bank of New York Mellon Trust Co., NA is the trustee.


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