California calls $700.07 million economic recovery, G.O. bonds

By Melissa Kory

Cleveland, March 1 - The State of California said it will redeem $400 million of its series 2008 B-5 economic recovery bonds due July 1, 2023 and $300.07 million of its general obligation bonds.

The G.O. bonds include the following:

• $25,000 of 4.5% bonds due March 1, 2014;

• $25,000 of 4.5% bonds due March 1, 2015;

• $5,995,000 of 5% bonds due March 1, 2016;

• $9,335,000 of 5% bonds due March 1, 2017;

• $9,335,000 of 5% bonds due March 1, 2018;

• $9,335,000 of 5% bonds due March 1, 2019;

• $9,335,000 of 5% bonds due March 1, 2020;

• $9,335,000 of 5% bonds due March 1, 2021;

• $24,735,000 of 5% bonds due March 1, 2022;

• $24,735,000 of 5% bonds due March 1, 2023;

• $24,735,000 of 5% bonds due March 1, 2024;

• $24,735,000 of 5% bonds due March 1, 2025;

• $74,205,000 of 5% bonds due March 1, 2028; and

• $74,205,000 of 5.125% bonds due March 1, 2031.

The bonds will be redeemed on March 1 at par plus accrued interest to the redemption date.

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