Rail Connections, Mass., calls Route 128 parking garage revenue bonds

By Jennifer Chiou

New York, July 8 - Rail Connections, Inc. of Massachusetts announced the full sinking fund redemption of the series B Route 128 parking garage revenue bonds dated Aug. 1, 1999.

The redemption date was July 1.

Affected bonds include the:

• $2.19 million bonds due 2015 redeemed at 69.99546% with an accreted value of $1,532,900.57;

• $3.035 million bonds due 2016 redeemed at 65.49318% with an accreted value of $1,987,718.01;

• $3.16 million bonds due 2017 redeemed at 61.23876% with an accreted value of $1,935,144.82;

• $3.285 million bonds due 2018 redeemed at 57.35562% with an accreted value of $1,884,132.12;

• $3.415 million bonds due 2019 redeemed at 53.69790% with an accreted value of $1,833,783.29;

• $3.45 million bonds due 2020 redeemed at 50.30640% with an accreted value of $1,735,570.80;

• $3.685 million bonds due 2021 redeemed at 47.12094% with an accreted value of $1,736,406.64;

• $3.72 million bonds due 2022 redeemed at 44.12826% with an accreted value of $1,641,571.27;

• $3.855 million bonds due 2023 redeemed at 41.37426% with an accreted value of $1,594,977.72;

• $4 million bonds due 2024 redeemed at 38.79162% with an accreted value of $1,551,664.80;

• $4.14 million bonds due 2025 redeemed at 36.37014% with an accreted value of $1,505,723.80;

• $4.195 million bonds due 2026 redeemed at 34.10064% with an accreted value of $1,430,521.85;

• $4.43 million bonds due 2027 redeemed at 31.97190% with an accreted value of $1,416,355.17;

• $4.495 million bonds due 2028 redeemed at 29.97576% with an accreted value of $1,347,410.41; and

• $4.64 million bonds due 2029 redeemed at 28.10508% with an accreted value of $1,304,075.71.

There is a 2% premium included in the current accreted value.

U.S. Bank NA is the trustee.

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