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Published on 6/25/2010 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Sacramento County's 1995 taxable pension bonds have mandatory tender

By Marisa Wong

Milwaukee, June 25 - The County of Sacramento said its taxable pension funding bonds, series 1995B and 1995C, are subject to a mandatory tender for purchase on July 23.

The variable-rate bonds will be purchased at par plus accrued interest up to the redemption date.

Affected are $67 million of 1995B bonds due 2020 and $67 million of 1995C bonds due 2022.

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


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