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Prospect News home > News index > List of issuers Tenders > Headlines for 2012 > News item
Published on 6/1/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Florida Transportation calls $200.9 million of its construction bonds

By Tali David

Minneapolis, June 1 - The Florida Department of Transportation said it will redeem $200,895,000 of its State of Florida, full faith and credit, right-of-way acquisition and bridge construction bonds, series 2002 and 2002A.

The following bonds will be redeemed at 101 plus accrued interest on July 1:

• $3.79 million of 5.375% series 2002 bonds due July 1, 2013;

• $3,995,000 of 5.375% series 2002 bonds due July 1, 2014;

• $4.21 million of 5.375% series 2002 bonds due July 1, 2015;

• $4,435,000 of 5.375% series 2002 bonds due July 1, 2016;

• $4,675,000 of 5.375% series 2002 bonds due July 1, 2017;

• $4,925,000 of 5.375% series 2002 bonds due July 1, 2018;

• $5.19 million of 5.25% series 2002 bonds due July 1, 2019;

• $5,465,000 of 5.25% series 2002 bonds due July 1, 2020;

• $5.75 million of 5% series 2002 bonds due July 1, 2021;

• $6,035,000 of 5% series 2002 bonds due July 1, 2022;

• $6.34 million of 5% series 2002 bonds due July 1, 2023;

• $13,645,000 of 5% series 2002 bonds due July 1, 2025;

• $15,045,000 of 5% series 2002 bonds due July 1, 2027;

• $34.87 million of 5% series 2002 bonds due July 1, 2031;

• $9,465,000 of 5% series 2002A bonds due July 1, 2023;

• $6.66 million of 4.625% series 2002A bonds due July 1, 2024;

• $6,965,000 of 5% series 2002A bonds due July 1, 2025;

• $15 million of 5% series 2002A bonds due July 1, 2027;

• $16,525,000 of 4.75% series 2002A bonds due July 1, 2029; and

• $27.91 million of 5% series 2002A bonds due July 1, 2032.

The department also plans to redeem its series 2003A bonds due 2014 through 2027, 2029 and 2033 on July 1, 2013.

The board is based in Tallahassee, Fla.


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