California authority calls $98.17 million Children's Hospital COPs

By Ashley Montgomery

Kansas City, Kan., Aug. 16 - California Statewide Communities Development Authority announced the optional prepayment of $98,165,000 of certificates of participation, according to a notice.

The certificates represent a proportionate interest in installment payments to be made through purchase payments received from Children's Hospital of Los Angeles, for which the certificates were issued.

The certificates will be prepaid in full on Sept. 14 at par plus accrued interest to the redemption date.

Affected are $7.73 million of 5.125% certificates due Aug. 15, 2019 and $90,435,000 of 5.25% certificates due Aug. 15, 2029.

The Bank of New York Mellon Trust Co. NA is the trustee.

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