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Published on 8/1/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

City of Los Angeles calls $66.07 million G.O. bonds from two series

By Toni Weeks

San Diego, Aug. 1 - The City of Los Angeles has issued a call to redeem $15.755 million of its series 1999-A refunding general obligation bonds and $50.315 million of its series 2001-A general obligation bonds, according to an announcement.

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

Affected are the following series 1999-A refunding bonds:

• $5.345 million of 4.5% bonds due Sept. 1, 2012;

• $5.25 million of 4.6% bonds due Sept. 1, 2013; and

• $5.16 million of 4.7% bonds due Sept. 1, 2014.

Affected are the following series 2001-A bonds:

• $10.065 million of 5% bonds due Sept. 1, 2017;

• $10.065 million of 5% bonds due Sept. 1, 2018;

• $10.065 million of 5% bonds due Sept. 1, 2019;

• $10.065 million of 5% bonds due Sept. 1, 2020; and

• $10.065 million of 5% bonds due Sept. 1, 2021.


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