Tobacco Securitization, Calif., calls $167.48 million Sacramento bonds

By Melissa Kory

Cleveland, May 2 - The Tobacco Securitization Authority of Northern California said it will redeem its $167.48 million of series 2001A and series 2001B Sacramento County Tobacco Securitization Corp. asset-backed bonds.

The bonds will be redeemed on June 1 at par, plus accrued interest.

The bonds affected include the following:

• $1.78 million of 4.6% bonds due June 1, 2012;

• $1.8 million of 4.7% bonds due June 1, 2013;

• $1.815 million of 4.8% bonds due June 1, 2014;

• $4.21 million of 4.375% bonds due June 1, 2021;

• $36.26 million of 5% bonds due June 1, 2028;

• $25.41 million of 5.25% bonds due June 1, 2031; and

• $96.205 million of 5.375% bonds due June 1, 2041.

Bank of New York Mellon is the redemption agent.

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