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Published on 1/20/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Los Angeles Water and Power's 2001B bonds have mandatory tender

By Tali David

Minneapolis, Jan. 20 - The Department of Water and Power of the City of Los Angeles issued a notice of mandatory tender for purchase on its 2001 series B water system variable-rate demand revenue bonds, according to a press release.

The department will purchase $87.5 million of subseries B-1 bonds, $87.5 million of subseries B-2 bonds and $50 million of subseries B-3 bonds on Feb. 3.

U.S. Bank NA is the paying agent.


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