CUSIP 130685A26
- ISIN: US130685A263
- Entity Name: State Public Works Board of the State of California
- Sector: Sub Sovereign Agency
- Announcement Date: 20-Apr-2017
- Effective Date: 01-Mar-2020
- Issue Date: 08-Apr-2010
- Maturity Date: 01-Mar-2035
- Country of Issuer: United States
- Region: N.Amer
- Issue Currency: United States of America Dollars
- CA Type: Defeasance
- News: NOTICE IS HEREBY GIVEN pursuant to the provisions of the Indenture by and between the State Public Works Board of the State of California (the Board) and the Treasurer of the State of California (the Treasurer) under which the above-captioned bonds (the Bonds) were issued that the Treasurer has acquired and holds in an irrevocable escrow fund established by the Escrow Agreement, dated as of April 1, 2017 (the Escrow Agreement), by and between the Board and the Treasurer, cash and investments sufficient to provide for the payment of the principal and interest on the Bonds identified below (the Defeased Bonds). The Defeased Bonds maturing on or before March 1, 2020 will be paid at their stated maturity dates. The Defeased Bonds maturing on and after March 1, 2021 will be redeemed prior to their stated respective maturity dates on March 1, 2020 at the redemption price of 100% (expressed as a percentage of the principal amount of the Defeased Bonds to be redeemed), plus accrued interest thereon to the date fixed for redemption. The Defeased Bonds are deemed to have been paid in accordance with Section 9.01 of the Indenture and will be entitled to payment solely out of the moneys and Federal Securities (as defined in the Escrow Agreement) on deposit in the aforementioned escrow fund. The Defeased Bonds will become due and payable at maturity or on March 1, 2020 and interest on the Defeased Bonds to be redeemed on March 1, 2020 will cease to accrue from and after such date.
- Description: Municipal Name: State Public Works Board of the State of California CUSIP: 130685A26 Currency: USD State Public Works Board of the State of California announced today that the refunding for its Series 2010A Lease Revenue Bonds on March 1, 2020.
- Bond Document: https://www.bondpdf.com/bonds/a6534947
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US130685A263
