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Memphis to redeem $73.67 million 2004 G.O improvement bonds in full
By Tali Rackner
Norfolk, Va., Aug. 15 – The City of Memphis plans to redeem all $73.67 million of its series 2004 general obligation improvement bonds, according to a notice.
The following will be redeemed at par plus accrued interest on Oct. 1:
• $6,675,000 of 5% bonds due Oct. 1, 2015;
• $7,015,000 of 5% bonds due Oct. 1, 2016;
• $7,375,000 of 5% bonds due Oct. 1, 2017;
• $7,755,000 of 5% bonds due Oct. 1, 2018;
• $8,144,000 of 5% bonds due Oct. 1, 2019;
• $8.55 million of 4.5% bonds due Oct. 1, 2020;
• $8,945,000 of 4.5% bonds due Oct. 1, 2021;
• $9.38 million of 5% bonds due Oct. 1, 2022; and
• $9.82 million of 4.25% bonds due Oct. 1, 2023.
Regions Bank is the trustee.
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