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Published on 9/18/2015 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Michigan calls 2005A, 2005B environmental program G.O. bonds in full

By Tali Rackner

Norfolk, Va., Sept. 18 – The State of Michigan called all of its 2005A and 2005B environmental program general obligation refunding bonds, according to two notices.

The following 2005A G.O. bonds will be redeemed at par plus accrued interest on Nov. 1:

• $4,935,000 of 5% bonds due Nov. 1, 2016;

• $21.27 million of 5% bonds due Nov. 1, 2017;

• $17.58 million of 5% bonds due Nov. 1, 2018;

• $11,755,000 of 5% bonds due Nov. 1, 2019; and

• $12.36 million of 5% bonds due Nov. 1, 2020.

The following 2005B G.O. bonds will also be redeemed at par plus accrued interest on Nov. 1:

• $4,785,000 of 5% bonds due Nov. 1, 2018;

• $11,755,000 of 5% bonds due Nov. 1, 2019; and

• $12.36 million of 5% bonds due Nov. 1, 2020.

U.S. Bank NA is the trustee or paying agent.


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