California Infrastructure calls remaining Gladstone Institutes bonds

By Marisa Wong

Madison, Wis., Oct. 20 - California Infrastructure and Economic Development Bank will redeem all $122.695 million of its J. David Gladstone Institutes series 2001 revenue bonds Nov. 17.

The bonds will be redeemed at 101 plus accrued interest to the redemption date.

The following bonds are affected:

• $2.95 million of bonds due Oct. 1, 2012;

• $3.1 million of bonds due Oct. 1, 2013;

• $3.25 million of bonds due Oct. 1, 2014;

• $3.43 million of bonds due Oct. 1, 2015;

• $3.62 million of bonds due Oct. 1, 2016;

• $3.82 million of bonds due Oct. 1, 2017;

• $4.03 million of bonds due Oct. 1, 2018;

• $4.25 million of bonds due Oct. 1, 2019;

• $4.485 million of bonds due Oct. 1, 2020;

• $4.73 million of bonds due Oct. 1, 2021;

• $4.99 million of bonds due Oct. 1, 2022; and

• $80.04 million of bonds due Oct. 1, 2034.

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

California's general purpose financing authority is based in Sacramento. The Gladstone Institutes is an independent, nonprofit research and educational institution in San Francisco.

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