Los Angeles MTA to redeem portion of series 2008 sales tax bonds

By Marisa Wong

Milwaukee, May 28 - The Los Angeles County Metropolitan Transportation Authority gave notice that it will redeem a portion of its sales tax revenue refunding bonds, series 2008 A-1, A-2, A-3 and A-4.

The variable-rate bonds will be redeemed on July 1 at par plus accrued interest up to the redemption date.

To be redeemed are the following bonds:

• $400,000 of $65.35 million outstanding 2008A-1 bonds due July 1, 2031;

• $375,000 of $65.425 million outstanding 2008A-2 bonds due July 1, 2031;

• $375,000 of $65.4 million outstanding 2008A-3 bonds due July 1, 2031; and

• $350,000 of $65.45 million outstanding 2008A-4 bonds due July 1, 2031.

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