Florida Board of Education calls 1996B, 1997B and 1999B bonds

By Marisa Wong

Milwaukee, Sept. 24 - The State Board of Education of Florida gave notice that it will redeem its outstanding State of Florida, Full Faith and Credit, State Board of Education Public Education Capital Outlay refunding bonds on Oct. 26. Specifically, it will redeem $105.08 million of its 1996 series B bonds, $119.84 million of its 1997 series B bonds and $115.56 million of its 1999 series B bonds.

The redemption price is at par for the 1996B and 1997B bonds and at 101 for the 1999B bonds, all with accrued interest up to the redemption date.

U.S. Bank Trust NA is the trustee or agent.

The following 1996B bonds are affected:

• $5.32 million of 5% bonds due 2010;

• $5.58 million of 5% bonds due 2011;

• $5.86 million of 5% bonds due 2012;

• $6.16 million of 4.8% bonds due 2013;

• $6.47 million of 4.85% bonds due 2014;

• $6.81 million of 4.9% bonds due 2015;

• $7.16 million of 4.875% bonds due 2016;

• $7.53 million of 4.875% bonds due 2017;

• $7.92 million of 4.875% bonds due 2018;

• $26.34 million of 4.75% bonds due 2021;

• $19.95 million of 4.5% bonds due 2023.

The following 1997B bonds are affected:

• $6.21 million of 5.25% bonds due 2010;

• $6.49 million of 5.25% bonds due 2011;

• $6.8 million of 5.25% bonds due 2012;

• $7.11 million of 5.25% bonds due 2013;

• $7.45 million of 5.25% bonds due 2014;

• $7.81 million of 4.5% bonds due 2015;

• $8.19 million of 4.5% bonds due 2016;

• $17.6 million of 5% bonds due 2018;

• $52.19 million of 4.75% bonds due 2023.

The following 1999B bonds are affected:

• $5.36 million of 5% bonds due 2010;

• $5.63 million of 5.25% bonds due 2011;

• $5.94 million of 5.25% bonds due 2012;

• $6.25 million of 5.125% bonds due 2013;

• $6.58 million of 5% bonds due 2014;

• $6.92 million of 4.5% bonds due 2015;

• $7.23 million of 4.5% bonds due 2016;

• $7.58 million of 4.625% bonds due 2017;

• $7.94 million of 4.5% bonds due 2018;

• $8.32 million of 4.5% bonds due 2019;

• $8.71 million of 4.5% bonds due 2020;

• $39.13 million of 4.5% bonds due 2024.

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