Fresno, Calif., calls $1.09 million of 7.8% pension obligation bonds

By Ashley Montgomery

Kansas City, Kan., May 8 - Fresno, Calif., will redeem $1,085,000 of its 7.8% series 1994 pension obligation tax bonds due June 1, 2014, according to a news release.

The bonds will be redeemed June 1 at par plus accrued interest to the redemption date.

The bonds are insured by MBIA Insurance Corp.

Bank of New York Mellon is the agent.

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