California to redeem $122.17 million of 2004C economic recovery bonds

By Marisa Wong

Milwaukee, June 9 - The State of California said it will redeem $122.165 million of its economic recovery bonds, series 2004C-15 and 2004C-16, on June 24.

The bonds will be redeemed at par plus interest accrued up to the redemption date.

To be redeemed are $68.635 million of $237.285 outstanding 2004C-15 bonds due July 1, 2023 and $53.53 million of $185.09 million outstanding 2004C-16 bonds due July 1, 2023.

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