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California's 2009A, B stem cell and cures bonds have mandatory tender
By Tali David
Minneapolis, March 1 - The State of California's series 2009A and 2009B stem cell research and cures federally taxable bonds are subject to mandatory tender, according to a notice.
The authority will tender $228 million of the 2009A bonds and $277 million of the 2009B bonds at par on April 1. Because April 1 is a state holiday, payment will occur on April 2, as if it occurred on April 1.
Deutsche Bank National Trust Co. is the tender agent.
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