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Published on 5/4/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

San Francisco to redeem $250.73 million of seven series of G.O.s

By Tali David

Minneapolis, May 4 - The City and County of San Francisco plans to redeem $250.73 million of its general obligation bonds, according to a redemption notice.

The following bonds will be redeemed at 102 on June 15:

• $3,795,000 of 4% series 2004-R1 refunding bonds due June 15, 2014;

• $76,445,000 of 5% series 2005A bonds, issued for Laguna Honda Hospital, due June 15, 2013 through 2021;

• $58.81 million of 4.125% and 5% series 2005E California Academy of Sciences improvement bonds due June 15, 2013 through 2025;

• $21,665,000 of 4.125% and 5% series 2005F Steinhart Aquarium improvement bonds due June 15, 2013 through 2025;

• $25.2 million of 4.125% and 5% series 2005G Branch Library Facilities improvement bonds due June 15, 2013 through 2025;

• $5.56 million of 4.125% and 5% series 2005H Zoo Facilities bonds due June 15, 2013 through 2025; and

• $59,255,000 of 4.125%, 4.25% and 5% series 2005I Laguna Honda Hospital bonds due June 15, 2013 through 2030.

Zions First National Bank is the escrow agent.


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