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Published on 6/2/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Los Angeles Department of Water calls $695.36 million power bonds

By Melissa Kory

Cleveland, June 2 - The Department of Water and Power of the City of Los Angeles said it will redeem its $695.355 million of series 2001A power system revenue bonds.

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

The redemption includes:

• $13.675 million of 4.3% bonds due July 1, 2012;

• $48.66 million of 5.25% bonds due July 1, 2012;

• $4.26 million of 4.4% bonds due July 1, 2013;

• $83.16 million of 5.25% bonds due July 1, 2013;

• $14.15 million of 4.5% bonds due July 1, 2014;

• $53.75 million of 5.25% bonds due July 1, 2014;

• $285,000 of 4.625% bonds due July 1, 2015;

• $56.19 million of 5.25% bonds due July 1, 2015;

• $1.605 million of 4.875% bonds due July 1, 2018;

• $69.105 million of 5.25% bonds due July 1, 2018;

• $5.255 million of 5% bonds due July 1, 2019;

• $65.825 million of 5.25% bonds due July 1, 2019;

• $2.14 million of 5% bonds due July 1, 2020;

• $63.405 million of 5.25% bonds due July 1, 2020;

• $6.03 million of 5% bonds due July 1, 2021;

• $72.83 million of 5.25% bonds due July 1, 2021;

• $81.875 million of 5.25% bonds due July 1, 2022;

• $5.17 million of 5.375% bonds due July 1, 2012;

• $3.87 million of 5.375% bonds due July 1, 2013;

• $5.85 million of 5.375% bonds due July 1, 2014;

• $7.205 million of 5.375% bonds due July 1, 2015;

• $6.805 million of 5.375% bonds due July 1, 2018;

• $7.44 million of 5.375% bonds due July 1, 2019;

• $8.51 million of 5.375% bonds due July 1, 2020; and

• $8.305 million of 5.375% bonds due July 1, 2021.

U.S. Bank, NA is the redemption agent.


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