North Carolina Education rescinds redemption of 2002K bonds

By Marisa Wong

Madison, Wis., Sept. 10 - The State of North Carolina State Education Assistance Authority has rescinded the planned full redemption of its $60 million of outstanding tax-exempt guaranteed student loan revenue bonds, 2002 series K, according to a notice.

The variable-rate bonds due 2032 were originally to be redeemed on Sept. 23 at par plus accrued interest up to the redemption date.

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