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Published on 1/24/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

California Department of Veterans Affairs calls $7.54 million of bonds

By Tali David

Minneapolis, Jan. 24 - Department of Veterans Affairs of the State of California called $7.54 million of its FSA program home purchase revenue bonds, according to separate releases.

The department will redeem the following bonds at par plus accrued interest on Feb. 12:

• $3.88 million of subseries A-3 bonds. Following the redemption, $14.12 million of the bonds will remain outstanding;

• $1.3 million of 2006 series A bonds. Following the transaction, $9.5 million of the bonds will remain outstanding;

• $765,000 of 2006 series A bonds. Following the transaction, $1,145,000 of the bonds will remain outstanding; and

• $1,595,000 of 2006 series A bonds. Following the redemption, $2.34 million of the bonds will remain outstanding.

U.S. Bank is the paying agent.


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