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Published on 11/9/2009 in the Prospect News Municipals Daily.

North Texas Tollway defeases, calls 2008E-1, 2008G first tier bonds

By Marisa Wong

Milwaukee, Nov. 9 - North Texas Tollway Authority System gave notice that it has defeased its first tier revenue refunding bonds, series 2008E-1 and 2008G, and will redeem them on Jan. 1.

The bonds will be redeemed at par, plus accrued interest up to the redemption date.

Affected are the authority's $210 million 5% bonds due 2038, series 2008E-1, and its $124.75 million 5% bonds due 2038, series 2008G.

Wells Fargo Bank, NA is the trustee.


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