California to redeem $122.7 million J David Gladstone Institutes bonds

By Tali David

Minneapolis, Oct. 24 - California Infrastructure and Economic Development Bank announced that it will redeem $122.7 million of its J David Gladstone Institutes Project series 2001 revenue bonds.

The following bonds will be redeemed on Nov. 17 at 101%:

• $2.95 million of 5% bonds;

• $3.1 million of 5% bonds;

• $3.25 million of 5.5% bonds;

• $3.43 million of 5.5% bonds;

• $3.62 million of 5.5% bonds;

• $3.82 million of 5.5% bonds;

• $4.03 million of 5.5% bonds;

• $4.25 million of 5.5% bonds;

• $4.49 million of 5.5% bonds;

• $4.73 million of 5.5% bonds;

• $4.99 million of 5.5% bonds; and

•$80.04 million of 5.25% bonds.

The Bank of New York Mellon is the trustee.

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