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Maryland defeases $140.66 million of state and local facilities loans
By Tali David
Minneapolis, March 21 - The State of Maryland defeased $140,655,000 of its state and local facilities loans, according to a notice.
The following loans will be redeemed at par plus accrued interest to the redemption date:
• $35,875,000 of 5% 2005 second series A bonds due Aug. 1, 2016, to be redeemed on Aug. 1, 2015;
• $25.6 million of 4.125% 2006 first series A bonds due March 1, 2019, to be redeemed on March 1, 2016;
• $38,625,000 of 4.625% 2008 first series bonds due March 1, 2022, to be redeemed on March 1, 2016; and
• $40,555,000 of 4.625% 2008 first series bonds due March 1, 2023, to be redeemed on March 1, 2016.
The Citibank NA is the escrow agent.
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