Sacramento to redeem $9.37 million of lease revenue refunding bonds

By Devika Patel

Knoxville, Tenn., Oct. 3 - The Sacramento City Financing Authority announced that it would redeem $5.53 million of its series 1993A lease revenue refunding bonds due Nov. 1, 2014 and $3.84 million of its series 1993B lease revenue refunding bonds due Nov. 1, 2014. The redemption date will be Nov. 1, 2011.

The bonds will redeemed at par plus interest up to Nov. 1.

The bonds were sold for $225.91 million in 1993.

The Bank of New York Mellon (800 254-2826) is the trustee.

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