California to call $275 million of its J. Paul Getty revenue bonds

By Tali David

Minneapolis, Nov. 3 - California Infrastructure and Economic Development Bank announced that it has exercised its option to call and redeem $275 million of its J. Paul Getty Trust variable-rate revenue bonds, series 2003A, 2003B, 2003C and 2003D.

The bonds will be redeemed on Dec. 1 at par plus interest accrued.

Wells Fargo Bank, NA is the bond trustee.

The California Infrastructure and Economic Development Bank is a Sacramento-based general purpose financing authority. The J. Paul Getty Trust is a Los Angeles-based cultural and philanthropic institution.

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