• ISIN: US13063CHG87
  • Entity Name: State of California
  • Sector: Sub Sovereign
  • Announcement Date: 02-Sep-2016
  • Effective Date: *****
  • Issue Date: 14-Nov-2013
  • Maturity Date: 01-Dec-2028
  • Country of Issuer: United States
  • Region: N.Amer
  • Issue Currency: United States of America Dollars
  • CA Type: Offer Repurchase
  • News: This notice is being sent to the Holders of the State of California Highway Safety, Traffic Reduction, Air Quality, and Port Security Bonds, Series 2013C (the Bonds), the rating agencies rating the Bonds and U.S. Bank National Association as the Tender Agent for the Bonds. The Bonds were issued pursuant to Resolution XXXV of the Highway Safety, Traffic Reduction, Air Quality, and Port Security Committee, adopted on October 1, 2013, as supplemented by the Supplemental Certificate of the Treasurer of California relating to $100,000,000 State of California Highway Safety, Traffic Reduction, Air Quality, and Port Security Bonds, Series 2013C (the Supplemental Certificate). On October 5, 2016, the Interest Rate Period on the Bonds is expected to be adjusted to a subsequent Index Floating Rate Period. In accordance with Section 2.03(a), Section 2.09(a)(i)(A) and Section 2.09(b) of the Supplemental Certificate, as applicable, the Bonds are subject to mandatory tender for purchase on October 5, 2016 (the Purchase Date), at a purchase price equal to 100% of the principal amount thereof to the Purchase Date, plus accrued interest to the Purchase Date (the Purchase Price) on October 5, 2016. Prior to the Purchase Date, the Treasurer of the State of California may rescind the election to adjust the Interest Rate Period for the Bonds by giving notice to the Holders of the Bonds as provided in the Supplemental Certificate. To tender Bonds for mandatory purchase on the Purchase Date, beneficial owners should arrange for a Direct Participant in the Depository Trust Company (DTC) to transfer on the registration books of DTC, the beneficial ownership interests in such Bonds tendered for purchase to the account of U.S. Bank National Association, as Tender Agent or a Direct Participant acting on behalf of the Tender Agent. Questions may be directed to the Tender Agent at U.S. Bank Global Corporate Trust Services, 111 Fillmore Ave E Bond Drop Window, St. Paul, MN 55107; (800) 934-6802 or to the California State Treasurers Office at (800) 900-3873. If moneys sufficient to pay the Purchase Price of, and accrued interest on, the Bonds are held by the Tender Agent on the Purchase Date, such Bonds will be deemed to have been purchased for all purposes of the Resolution, as supplemented by the Supplemental Certificate, irrespective of whether or not such Bonds have been delivered to the Tender Agent, and neither the former Holder of such Bonds nor any other person shall have any claim thereon, under the Resolution or otherwise, for any amount other than the Purchase Price of and interest on the Bonds to the Purchase Date. For Bond Document please visit
  • Description: Municipal Name: State of California CUSIP: 13063CHG8 Currency: USD Purchase Date: October 5, 2016 Purchase Price: 100%
  • Bond Document:
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