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Published on 8/30/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

California plans to redeem $263.96 million of G.O.s at par on Oct 1

By Tali David

Minneapolis, Aug. 30 - The State of California called $263.96 million of its general obligation bonds, according to a redemption notice.

The following will be redeemed at par plus accrued interest on Oct. 1:

• $22.03 million of 5% bonds due Oct. 1, 2013;

• $22.8 million of 5% bonds due Oct. 1, 2014;

• $23,655,000 of 5% bonds due Oct. 1, 2015;

• $24,605,000 of 5% bonds due Oct. 1, 2016;

• $25,585,000 of 5% bonds due Oct. 1, 2017;

• $26.64 million of 5% bonds due Oct. 1, 2018;

• $27.74 million of 5.25% bonds due Oct. 1, 2019;

• $28.92 million of 5.25% bonds due Oct. 1, 2020;

• $30,145,000 of 5% bonds due Oct. 1, 2021;

• $10,705,000 of 5% bonds due Oct. 1, 2022; and

• $21,135,000 of 4.5% bonds due Oct. 1, 2023.


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