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Published on 7/25/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

University of California calls $237.09 million series Q bonds at 101

By Marisa Wong

Madison, Wis., July 25 - The University of California said it will redeem its $237.09 million of outstanding series Q multiple purpose projects revenue bonds in full on Sept 1.

The bonds will be redeemed at 101 plus accrued interest to the redemption date.

The following bonds are affected:

• $9.29 million of 5% bonds due Sept. 1, 2016;

• $9.75 million of 5% bonds due Sept. 1, 2017;

• $10.24 million of 5% bonds due Sept. 1, 2018;

• $10.545 million of 5% bonds due Sept. 1, 2019;

• $11.075 million of 5% bonds due Sept. 1, 2020;

• $11.63 million of 5% bonds due Sept. 1, 2021;

• $12.205 million of 5% bonds due Sept. 1, 2022;

• $12.82 million of 5% bonds due Sept. 1, 2023;

• $13.72 million of 5% bonds due Sept. 1, 2024;

• $34.195 million of 5% bonds due Sept. 1, 2029;

• $37.7 million of 5% bonds due Sept. 1, 2031;

• $41.565 million of 5% bonds due Sept. 1, 2033; and

• $22.355 million of 5% bonds due Sept. 1, 2034.

The University of California has campuses in Berkeley, Davis, Irvine, Los Angeles, Merced, Riverside, San Diego, San Francisco, Santa Barbara and Santa Cruz.


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