California calls $264.39 million of 1998 general obligation bonds

By Marisa Wong

Madison, Wis., Oct. 28 - The State of California gave notice that it will redeem $264.39 million of its 1998 general obligation bonds at par on Dec. 1.

The affected bonds include the following:

• $18.885 million of 4.5% bonds due Dec. 1, 2012;

• $18.885 million of 4.5% bonds due Dec. 1, 2013;

• $18.885 million of 4.5% bonds due Dec. 1, 2014;

• $18.885 million of 4.5% bonds due Dec. 1, 2015;

• $18.885 million of 4.5% bonds due Dec. 1, 2016;

• $18.885 million of 4.5% bonds due Dec. 1, 2017;

• $18.885 million of 4.5% bonds due Dec. 1, 2018;

• $56.655 million of 4.5% bonds due Dec. 1, 2021;

• $56.655 million of 4.5% bonds due Dec. 1, 2024; and

• $18.885 million of 4.75% bonds due Dec. 1, 2028.

Following the redemption, $56.655 million of 4.75% bonds due Dec. 1, 2028 will remain outstanding.

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