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Published on 9/25/2014 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Minnesota plans to redeem $119.13 million of various G.O. bonds

By Tali Rackner

Norfolk, Va., Sept. 25 – The State of Minnesota called $119,125,000 of its general obligation state various purpose, trunk highway, and refunding bonds, according to a notice.

The following will be redeemed at par plus accrued interest on Nov. 1:

• $22.15 million of 5% bonds due Nov. 1, 2015;

• $10,775,000 of 5% bonds due Nov. 1, 2016;

• $10,775,000 of 5% bonds due Nov. 1, 2017;

• $10,775,000 of 5% bonds due Nov. 1, 2018;

• $10,775,000 of 5% bonds due Nov. 1, 2019;

• $10,775,000 of 5% bonds due Nov. 1, 2020;

• $10,775,000 of 5% bonds due Nov. 1, 2021;

• $10,775,000 of 5% bonds due Nov. 1, 2022;

• $10,775,000 of 5% bonds due Nov. 1, 2023; and

• $10,775,000 of 5% bonds due Nov. 1, 2024.

The Bank of New York Mellon Trust Co., NA is the trustee or agent.


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