LOS ANGELES -- The Regents of the University of California will price $2.6 billion of revenue bonds on Wednesday to refund and restructure its outstanding California State Public Works Board lease revenue bonds.

The deal includes $700 million of tax-exempt bonds, $700 million of taxable bonds, $600 million of tax-exempt bonds issued in term mode, with mandatory tenders to be determined during marketing, and $600 million of variable rate demand bonds.

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