South Carolina Transportation defeases 2005A, 2007A revenue bonds

By Wendy Van Sickle

Columbus, Ohio July 15 – The South Carolina Transportation Infrastructure Bank defeased $172.62 million of revenue bonds, series 2005A and 2007A, according to two notices.

The defeased bonds include $74.6 million from the 2005 series maturing Oct. 1 of the years 2021 through 2024 and $98.02 million of the 2007 bonds maturing Oct 1 of 2017 through 2027.

The 2005 bonds will be redeemed this Oct. 1 and the 2007 bonds on Oct. 1, 2016 at par plus accrued interest.

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

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