City of Industry, Calif., calls $52.2 million of G.O. refunding bonds

By Susanna Moon

Chicago, July 20 - City of Industry in California said it will redeem $52.2 million of its $72.49 million general obligation refunding bonds on Aug. 18.

The redemption price is 100.125 for the $3.87 million of 3.25% bonds due July 1, 2010; 100.25 for the $4 million of 3.5% bonds due July 1, 2011; 100.375 for the $4.135 million of 3.625% bonds due July 1, 2012; 100.5 for the $4.285 million of 4% bonds due July 1, 2013; 100.625 for the $4.46 million of 5.25% bonds due July 1, 2014; 100.75 for the $4.69 million of 4% bonds due July 1, 2015; 100.875 for the $4.88 million of 5% bonds due July 1, 2016; 101 for the $5.125 million of 4.25% bonds due July 1, 2017; 101.125 for the $5.345 million of 4.375% bonds due July 1, 2018; 101.25 for the $5.58 million of 4.5% bonds due July 1, 2019; and 101.375 for the $5.83 million of 4.5% bonds due July 1, 2020.

The company will also pay accrued interest to the redemption date.

The redemption requires the issuance of refunding bonds on July 30.

U.S. Bank NA is the paying agent.

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