California County Tobacco calls $8.61 million asset-backed bonds

By Melissa Kory

Cleveland, May 17 - The California County Tobacco Securitization Agency said it will redeem $8.605 million of its series 2006 tobacco settlement asset-backed bonds on June 1.

The redemption includes:

• $2.24 million of its $59.545 million of variable-rate Gold County Settlement Funding Corp. bonds due June 1, 2033; and

• $6.365 million of 5.25% Los Angeles County Securitization Corp. bonds due June 1, 2021.

The Gold County bonds will be redeemed at 28.2444 plus accrued interest to the redemption date, and the Los Angeles bonds will be redeemed at par plus accrued interest.

Bank of New York Mellon is the redemption agent.

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