California Infrastructure rescinds redemption of Buck Institute bonds

By Marisa Wong

Madison, Wis., Sept. 1 - California Infrastructure & Economic Development Bank has rescinded the planned full redemption of its $55.6 million of series 2001 variable-rate demand revenue bonds due Nov. 13, 2037, which were issued for Buck Institute for Age Research.

The bonds were originally to be redeemed on Sept. 9 at par plus accrued interest up to the redemption date.

California's general purpose financing authority is based in Sacramento.

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