State of California calls $130.44 million of bonds due 2013 to 2021

By Ashley Montgomery

Kansas City, Kan., April 2 - The State of California will redeem $130,440,000 of its series 2002A water resources power supply revenue bonds guaranteed by MBIA Insurance Corp., according to a notice.

The bonds will be redeemed on May 1 at 101 plus accrued interest.

The following bonds are affected:

• $15,485,000 of 6% bonds due May 1, 2013;

• $7 million of 6% bonds due May 1, 2014;

• $15,475,000 of 6% bonds due May 1, 2015;

• $21.37 million of 5.875% bonds due May 1, 2016;

• $32,155,000 of 5.25% bonds due May 1, 2020; and

• $38,955,000 of 5.375% bonds due May 1, 2021.

Bank of New York Mellon is the agent.

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