California Educational Facilities calls 2001A, 2007 St. Mary's bonds

By Marisa Wong

Madison, Wis., Aug. 19 - California Educational Facilities Authority said it will redeem all of its outstanding series 2001A and a portion of its outstanding series 2007 St. Mary's College of California revenue bonds on Oct. 1.

The affected bonds include all $5.735 million of outstanding 2001A bonds and $1.05 million of $67.35 million of outstanding 2007 bonds due Oct. 1, 2043.

The 2001A bonds will be redeemed at 102, and the 2007 bonds will be redeemed at par. The redemption price also includes accrued interest to the redemption date.

Union Bank, NA is the trustee.

The authority provides tax-exempt, low-cost financing to private, non-profit higher education facilities and is based in Sacramento. The liberal arts college is located in Moraga, Calif.

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