Riverside, Calif., calls parts of two series of water revenue bonds

By Marisa Wong

Madison, Wis., Aug. 24 - City of Riverside, Calif., said it will redeem portions of its 2001 water revenue bonds and 2011A variable-rate refunding water revenue bonds on Oct. 1.

The redemption includes $800,000 of the 2011A bonds and the following 2001 bonds:

• $535,000 of 4.5% bonds due Oct. 1, 2014;

• $555,000 of 4.625% bonds due Oct. 1, 2015;

• $585,000 of 4.75% bonds due Oct. 1, 2016;

• $615,000 of 4.875% bonds due Oct. 1, 2017;

• $645,000 of 4.9% bonds due Oct. 1, 2018;

• $675,000 of 4.9% bonds due Oct. 1, 2019;

• $710,000 of 5% bonds due Oct. 1, 2020;

• $745,000 of 5% bonds due Oct. 1, 2021;

• $4.345 million of 5% bonds due Oct. 1, 2026; and

• $5.585 million of 5% bonds due Oct. 1, 2031.

The 2011A bonds will be redeemed at par, and the 2001 bonds will be redeemed at 101. The redemption price for both issues also includes accrued interest to the redemption date.

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