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California Education rescinds previous call, defeases University of San Francisco bonds
By Marisa Wong
Madison, Wis., Feb. 18 - The California Educational Facilities Authority rescinded the full redemption of its $55.9 million of outstanding University of San Francisco series 2006 variable-rate revenue bonds originally scheduled for March 10, according to a notice.
The bonds, which are due Oct. 1, 2036, were defeased and cancelled on Feb. 16, according to another notice.
The bonds were purchased with proceeds from a recent issue of 2011 bonds.
The Bank of New York Mellon Trust Co., NA is the trustee.
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