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North Carolina defeases its 2008A, 2009A capital improvements bonds
By Tali Rackner
Norfolk, Va., Nov. 24 – The State of North Carolina defeased its series 2008A and 2009A capital improvements limited obligation bonds, according to two notices.
The following 2008A bonds will be redeemed at par plus accrued interest 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.
The following 2009A bonds will be redeemed at par plus accrued interest on May 1, 2019:
• $20,415,000 of 5% bonds due May 1, 2021;
• $17,655,000 of 5% 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;
• $14.93 million of 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.
U.S. Bank NA is the escrow agent.
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