North Texas Tollway defeases $744.66 million of refunding bonds

By Wendy Van Sickle

Columbus, Ohio, Sept. 25 – The North Texas Tollway Authority defeased $744.66 million of first-tier current-interest revenue refunding bonds, series 2008A and 2008B, according to two notices.

The following 2008A bonds will be redeemed Jan. 1, 2018 at par:

• $94.84 million of 5.625% bonds due Jan. 1, 2033;

• $202,255,000 of 5.75% bonds due Jan. 1, 2040; and

• $263,095,000 of 5.75% bonds due Jan. 1, 2048.

The following 2008A bonds will be redeemed Jan. 1, 2018 at par:

• $470,000 of 5.375% bonds due Jan. 1, 2024;

• $7.76 million of 6% bonds due Jan. 1, 2025;

• $8,225,000 of 6% bonds due Jan. 1, 2026;

• $8.72 million of 6% bonds due Jan. 1, 2027;

• $9,245,000 of 5.625% bonds due Jan. 1, 2028;

• $43.12 million of 5.625% bonds due Jan. 1, 2033; and

• $106.93 million of 5.75% bonds due Jan. 1, 2040.

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