Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers N > Headlines for Northern Virginia Transportation District Program > News item |
Virginia defeases and calls Route 58, Transportation District bonds
By Tali David
Minneapolis, Feb. 24 - Commonwealth of Virginia Transportation Board defeased $36.64 million and called $3.66 million of its U.S. Route 58 Corridor Development Program revenue refunding bonds and defeased $81.13 million and called $15.38 million of its Northern Virginia Transportation District Program revenue refunding bonds according to multiple releases.
The board defeased the following Route 58 series 2002B bonds, to be redeemed on May 15:
• $5.39 million of bonds due May 15, 2013;
• $5.66 million of bonds due May 15, 2014;
• $5,935,000 of bonds due May 15, 2015;
• $6,235,000 of bonds due May 15, 2016;
• $6,545,000 of bonds due May 15, 2017; and
• $6,875,000 of bonds due May 15, 2018.
The board called $3,656,000 of its 5.375% series 2001B bonds due May 15, 2013. The bonds will be redeemed at par plus accrued interest on March 26.
The following Northern Virginia Transportation series 2002A bonds were defeased and will be redeemed on May 15:
• $8.28 million of bonds due May 15, 2013;
• $8,695,000 of bonds due May 15, 2014;
• $7.37 million of bonds due May 15, 2015;
• $7,755,000 of bonds due May 15, 2016;
• $10.11 million of bonds due May 15, 2017;
• $8,575,000 of bonds due May 15, 2018;
• $9,025,000 of bonds due May 15, 2019;
• $2,265,000 of bonds due May 15, 2020;
• $2.37 million of bonds due May 15, 2021;
• $2,475,000 of bonds due May 15, 2022;
• $2,585,000 of bonds due May 15, 2023;
• $2,705,000 of bonds due May 15, 2024; and
• $8.92 million of bonds due May 15, 2027.
The board called the following series 2001A bonds to be redeemed at par plus accrued interest on March 26:
• $2,045,000 of 5.375% bonds due May 15, 2013;
• $3,095,000 of 5% bonds due May 15, 2021;
• $3.25 million of 5% bonds due May 15, 2022;
• $3.41 million of 5% bonds due May 15, 2023; and
• $3.58 million of 5% bonds due May 15, 2024.
U.S. Bank NA is the trustee.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.