Fiona Ma, State Treasurer
State of California Investor Relations
State of California Investor Relations
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Bond/Coupon Payments (Bearer Bonds and Registered Bonds)
State of California* bearer bonds and registered bonds can be presented for payment through either the State Treasurer’s Office or The Bank of New York Mellon Trust Company, N.A. (BNY). BNY acts as the fiscal agent for certain State of California general obligation bonds and revenue bonds. See the instructions below for how to present bearer and registered bonds and/or interest coupons.
State of California Bearer Bonds and Registered Bonds
Before 1991, most State of California bonds were issued as bearer bonds or registered bonds. The final due date (maturity date) for these bearer and registered bonds was July 1, 2022.
Bonds and coupons are payable on or after their respective due dates. However, sometimes bonds are called for early redemption – this means they become due prior to their stated maturity date (i.e., payment is due on the related redemption date). After a bond is called for redemption, it no longer accrues interest from and after its redemption date.
A bond can be presented for payment after the redemption date; however, any coupons for that bond dated after the redemption date are no longer valid. To check whether a bond has been called for redemption, contact the State Treasurer’s Office via phone at 1 (800) 900-3873 or email to CalBONDS@treasurer.ca.gov.
Bonds/Coupons with Payment Date before January 1, 2007:
These bonds and coupons are serviced directly by the State Treasurer’s Office.
For information on how to request payment for a bond and/or coupon, contact the State Treasurer’s Office via phone at 1 (800) 900-3873 or email to CalBONDS@treasurer.ca.gov.
When presenting bonds and/or coupons for payment to the State Treasurer’s Office, bondholders must include the following:
Bondholders may request payments for bonds and/or coupons by mail or by scheduling an appointment with the State Treasurer’s Office. If submitted by mail it is suggested bondholders acquire mailing insurance. The State Treasurer’s Office is not responsible for bonds and/or coupons lost in the mail.
Send all required documents to:
California State Treasurer’s Office
Public Finance Division
Bondholder Redemption Payment Request
P.O. Box 942809
Sacramento, CA 94209-0001
In-Person Appointments
As an alternative to mailing, a bondholder may present bonds and/or coupons in person. Bondholders should call or email the State Treasurer’s Office to schedule an appointment. At the scheduled appointment, bondholders should bring the original bonds and/or coupons. An IRS Form W-9 will be provided to complete during the appointment.
Bonds/Coupons with Payment Date on or after January 1, 2007:
These bonds and coupons are serviced directly by BNY.
For information on how to request payment for a bond and/or coupon, contact BNY’s Bondholder Relations Department via phone at 1 (800) 254-2826 or email to corporate.bond.research@bankofny.com.
When presenting bonds and/or coupons for payment to BNY, bondholders must include the following:
BNY only accepts bonds and/or coupons by mail. It is suggested bondholders acquire mailing insurance. BNY and the State Treasurer’s Office are not responsible for bonds and/or coupons lost in the mail.
Send all required documents to:
BNY Corporate Trust
Transfers/Redemptions
500 Ross Street, Suite 625
Pittsburgh, PA 15262
* Important Note on Non-State of California Bonds:
Cities, counties, and other municipal issuers in California also issued bearer and registered bonds in the past. These bonds may indicate they are from an entity located in “The State of California,” but that does not mean they are payable from funds of the State of California or by the State Treasurer’s Office.
To determine whether you have a bond payable from funds of the State of California, please email a copy of your bond to CalBONDS@treasurer.ca.gov. Be sure to include your name, mailing address, phone number, and email address.
Please allow at least 1-3 business days for a response.
** What to Include in the signed Letter of Instruction:
*** Original Documents Only:
Only original bonds and coupons will be accepted for presentation. If a bond is lost or stolen, contact:
Have questions? Reach out to us directly.
