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

Michigan State Building pre-refunds some facilities program bonds

By Tali Rackner

Norfolk, Va., Sept. 18 – The Michigan State Building Authority gave notice of partial refunding for its 2006 facilities program revenue refunding bonds, series 1A, according to a notice.

The authority pre-refunded $56.68 million of the 5% bonds due Oct. 15, 2036, with a new maturity date of Oct. 15, 2016.

The unrefunded amount outstanding under the issue is $183,395,000.

U.S. Bank NA is the agent.


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