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Prospect News home > News index > List of issuers C > Headlines for California Infrastructure & Economic Development Bank > News item
Published on 3/12/2008 in the Prospect News Municipals Daily.

California Infrastructure and Economic Development Bank to convert $50 million bonds to weekly rate

By Cristal Cody

Springdale, Ark., March 12 - The California Infrastructure and Economic Development Bank plans to convert $50 million refunding revenue bonds from an auction rate to a weekly rate, according to a notice released Wednesday.

The series 2005 bonds are due in 2026.

The bonds no longer are subject to mandatory tender, according to the notice.

Additional information was not immediately available.


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