Golden State Tobacco to redeem all $51.4 million of its 2003B bonds

By Devika Patel

Knoxville, Tenn., May 11 - Golden State Tobacco Securitization Corp. said it will redeem all $51.4 million of its series 2003B enhanced tobacco settlement asset-backed bonds at par plus interest to June 1, the redemption date.

The company is calling all $53.4 million of the 2005C-1 bonds, all $86.1 million of the 2005C-3 bonds and all $42.1 million of the 2005D-1 bonds.

US Bank Trust NA (800 934-6802) is the trustee.

The corporation is based in California.

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