Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Tenders > Headlines for 2014 > News item |
North Carolina looks to defease capital improvement bonds, COPs
By Tali Rackner
Norfolk, Va., Oct. 8 – The State of North Carolina is proposing to defease its series 2008A and 2009A capital improvement limited obligation bonds, according to multiple notices.
The state said it intends to issue one or more series of limited obligation bonds to refund its 2008A and 2009A bonds.
If defeased, the following 2008A bonds will be redeemed on May 1, 2018:
• $10,345,000 of 4% bonds due May 1, 2021;
• $10.86 million of 5% bonds due May 1, 2022;
• $11,405,000 of 4.25% bonds due May 1, 2023;
• $11,975,000 of 4.25% bonds due May 1, 2024;
• $12,575,000 of 5% bonds due May 1, 2025;
• $13,205,000 of 5% bonds due May 1, 2026;
• $13,865,000 of 5% bonds due May 1, 2027; and
• $14,555,000 of 5% bonds due May 1, 2028.
If defeased, the following 2009A bonds will be redeemed on May 1, 2019:
• $20,415,000 of 5% bonds due May 1, 2021;
• $17,655,000 of 5% bonds due May 1, 2022;
• $3.78 million of 4% bonds due May 1, 2022;
• $22.47 million of 5% bonds due May 1, 2023;
• $23.59 million of 5% bonds due May 1, 2024;
• $24.77 million of 5% bonds due May 1, 2025;
• $14.39 million of 5% bonds due May 1, 2026;
• $11.08 million of 4.5% bonds due May 1, 2026;
• $17,255,000 of 5% bonds due May 1, 2027; and
• $15,845,000 of 5% bonds due May 1, 2028.
The state also plans to defease the following North Carolina Infrastructure Finance Corp. bonds:
• $1.8 million of 2004 lease purchase revenue bonds, to be redeemed on Dec. 10;
• $10,425,000 of 2005A capital improvements certificates of participation, to be redeemed on Feb. 1, 2015;
• $30 million of 2006A capital improvements COPs, to be redeemed on Feb. 1, 2017;
• $5 million of 2006A repair and renovation projects COPs, to be redeemed on June 1, 2016; and
• $18,055,000 of 2007A capital improvements COPs, to be redeemed on May 1, 2017.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.