California Infrastructure cancels redemption of Buck Institute bonds

By Marisa Wong

Madison, Wis., Nov. 17 - California Infrastructure & Economic Development rescinded the redemption of $1 million of its $50.6 million outstanding series 2001 variable-rate demand revenue bonds issued for the Buck Institute for Age Research, according to a notice.

The bonds were to be redeemed at par plus accrued interest to Nov. 15, the redemption date.

California's general purpose financing authority is based in Sacramento. The research institute is based in Novato, Calif.

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