Bond Redemptions

December 25, 1992

PRINCETON,N.J. — PRINCETON, N.J. -- Municipal bond issuers announced yesterday the early redemption of four issues totaling more than $2.4 million.

1! The issues being called are: * Central Arkansas Housing Development Corp., Series 1982, mortgage revenue bonds. Current interest bonds maturing July 1, 1993, and July 1, 1994. Compound interest bonds maturing July 1, 1995, through July 1, 2023. All outstanding bonds called on Jan. 1, 1993. Current interest bonds called at 103. Compound interest bonds called at 103 percent of accreted value. Redemption shall be conditioned upon the receipt of money sufficient to pay the principal of and interest on the bonds on or prior to Jan. 1, 1993.

* Clinton School District No. 1, Ark., Series 1986, refunding and construction bonds maturing Feb. 1, 1994, through Feb. 1, 2007. All outstanding bonds called at par on Feb. 1, 1993.

* Indio Redevelopment Agency, Calif., Series 1984, tax allocation bonds (Indio Centre Redevelopment Project) maturing Jan. 15, 1994, through Jan. 15, 1998, and Jan. 15, 2009. $2.385 million called at 102 1/2 on Jan. 15, 1993.

* Vacaville, Calif., Series 1985, certificates of participation bonds maturing Jan. 1, 1994, through Jan. 1, 1998. All outstanding bonds called at 101 on Jan. 1, 1993.

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