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Published on 8/3/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Cucamonga Valley Water District, Calif., calls $84.26 million of COPs

By Marisa Wong

Madison, Wis., Aug. 3 - Cucamonga Valley Water District, Calif., gave notice that it will redeem its $84.26 million of outstanding 2000 water shares purchase refunding certificates of participation on Sept. 1.

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

The affected securities include the following:

• $630,000 of 5.25% COPs due Sept. 1, 2012;

• $660,000 of 4.25% COPs due Sept. 1, 2013;

• $685,000 of 4.375% COPs due Sept. 1, 2014;

• $710,000 of 4.5% COPs due Sept. 1, 2015;

• $740,000 of 4.5% COPs due Sept. 1, 2016;

• $775,000 of 4.6% COPs due Sept. 1, 2017;

• $800,000 of 4.7% COPs due Sept. 1, 2018;

• $835,000 of 4.75% COPs due Sept. 1, 2019;

• $870,000 of 4.875% COPs due Sept. 1, 2020;

• $910,000 of 5% COPs due Sept. 1, 2021;

• $13.57 million of 5.25% COPs due Sept. 1, 2025;

• $21.57 million of 5% COPs due Sept. 1, 2029; and

• $41.505 million of 5.125% COPs due Sept. 1, 2035.

Wells Fargo Bank, NA is the trustee.


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