Sacramento to redeem 2002 series Q electric revenue bonds at par

By Marisa Wong

Madison, Wis., Oct. 6 - Sacramento Municipal Utility District defeased a portion of its outstanding electric revenue refunding bonds, 2002 series Q. The defeased bonds will be redeemed on Aug. 15, 2012 at par, according to a revised notice.

The issuer previously said that the bonds would be redeemed at 101.

The following bonds were defeased:

• $20,000 of bonds due Aug. 15, 2014;

• $20,000 of bonds due Aug. 15, 2015;

• $20,000 of bonds due Aug. 15, 2016;

• $1.09 million of bonds due Aug. 15, 2017;

• $1.145 million of bonds due Aug. 15, 2018;

• $1.2 million of bonds due Aug. 15, 2019;

• $1.26 million of bonds due Aug. 15, 2020;

• $1.33 million of bonds due Aug. 15, 2021;

• $1.395 million of bonds due Aug. 15, 2022; and

• $8.465 million of bonds due Aug. 15, 2028.

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