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Virginia's Capital Beltway calls $129.75 million I-495 HOT Lanes bonds
By Tali Rackner
Norfolk, Va., May 30 - Capital Beltway Funding Corp. of Virginia called $129,745,000 of its tax-exempt non-AMT senior-lien multi-modal toll revenue bonds issued for the I-495 HOT Lanes Project, according to multiple notices.
The following will be redeemed at par plus accrued interest on June 5:
• $51.18 million of 2008B bonds due Dec. 31, 2047;
• $44,895,000 of 2008C bonds due Dec. 31, 2047; and
• $33.67 million of 2008D bonds due Dec. 31, 2047.
Wells Fargo Bank, NA is the trustee.
Interstate 495 (Capital Beltway) surrounds Washington, D.C. and its inner suburbs in Maryland and Virginia.
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