California to redeem $1.23 billion of general obligation bonds

By Marisa Wong

Madison, Wis., Sept. 30 - State of California gave notice that it will redeem $1.23 billion of its general obligation bonds on Nov. 1.

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

The affected bonds mature in the years 2012 through 2031 and have coupons ranging from 4.25% to 5.5%.

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