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Published on 3/7/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

California Department of Veterans Affairs redeems $97.9 million bonds

By Melissa Kory

Cleveland, March 7 - The California Department of Veterans Affairs said it redeemed $97,895,000 of home purchase bonds.

Redeemed were the following:

• $465,000 of its 5.45% series 1998A home purchase revenue bonds due Dec. 1, 2019;

• $77.32 million of its 5.35% series 2002A home purchase bonds due Dec. 1, 2027; and

• $20.11 million of its 5.3% series 2002A home purchase bonds due Dec. 1, 2021.

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


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