Sacramento City Financing Authority calls portion of Arco Arena bonds

By Marisa Wong

Madison, Wis., June 20 - Sacramento City Financing Authority said it will redeem $1.575 million of its $70.93 million series 1997 Arco Arena Acquisition variable-rate lease revenue bonds due July 15, 2027.

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

The Sacramento authority is responsible for financing acquisition and construction of property in the city. Arco Arena is the original name for the Power Balance Pavilion, an indoor arena in Sacramento.

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