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Illinois Toll Highway Authority defeases $291.66 million 2006A-1 bonds
By Tali Rackner
Norfolk, Va., Dec. 22 – The Illinois State Toll Highway Authority defeased $291.66 million of its series 2006A-1 toll highway senior priority revenue bonds, according to a notice.
The following will be redeemed at par plus accrued interest on July 1, 2016:
• $15 million of 5% bonds due Jan. 1, 2018;
• $15 million of 5% bonds due Jan. 1, 2019;
• $20 million of 5% bonds due Jan. 1, 2020;
• $25 million of 5% bonds due Jan. 1, 2021;
• $25 million of 5% bonds due Jan. 1, 2022;
• $30 million of 5% bonds due Jan. 1, 2023;
• $155 million of 5% bonds due Jan. 1, 2024; and
• $6.66 million of 5% bonds due Jan. 1, 2025.
The Bank of New York Mellon Trust Co., NA is the trustee and escrow agent.
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