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Published on 11/15/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

San Francisco to redeem $125.3 million of its general obligation bonds

By Devika Patel

Knoxville, Tenn., Nov. 15 - The City and County of San Francisco said it will redeem $125.3 million of its general obligation bonds on Dec. 14.

The affected bonds include

• $3.52 million of series 2001D taxable general obligation bonds due 2014;

• $12.02 million of series 2002-R1 general obligation refunding bonds due 2013;

• $3.94 million of Series 2002A general obligation bonds due 2012-2022;

• $14.68 million of series 2002B general obligation bonds due 2012-2022;

• $14.2 million of series 2003A general obligation bonds due 2012-2023;

• $19.97 million of series 2003B general obligation bonds due 2012-2023;

• $51.01 million of series 2004A general obligation bonds due 2012-2024; and

• $5.99 million of series 2004B general obligation bonds due 2012-2024.

Following this, $11.51 million of series 2002-R1 bonds will remain outstanding.

Zions First National Bank is the escrow agent.


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