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Published on 4/24/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

San Antonio calls improvement bonds, certificates of obligation at par

By Ashley Montgomery,

Kansas City, Kan., April 24 - The city of San Antonio has called for redemption portions of six series of bonds.

The city will redeem $1,365,000 of its general improvement and refunding bonds, series 2001, and $6,155,000 million of its general improvement and refunding bonds, series 2002.

Additionally, $6.72 million of combination tax and revenue certificates of obligation, series 2002, and $12.78 million of its combination tax and revenue certificates of obligation, series 2004, will be redeemed.

Finally, the city will redeem $9.66 million of general improvement bonds, series 2004.

The series 2001 and 2002 bonds will be redeemed May 30, and the series 2004 bonds will be redeemed Feb. 1.

All of the bonds will be redeemed at par, plus accrued interest to the redemption date.

Bank of New York Mellon is the agent.


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