Orange County Transportation, Calif., calls $149.94 million of bonds

By Tali David

Minneapolis, July 3 - The Orange County Transportation Authority, Calif., called $149,935,000 of its series 2003 91 Express Lanes toll road revenue refunding bonds, according to two notices.

The following series 2003-A bonds will be redeemed at par plus accrued interest on Aug. 15:

• $5,815,000 of 5.25% bonds due Aug. 15, 2014;

• $6.13 million of 5.25% bonds due Aug. 15, 2015;

• $6.46 million of 5.25% bonds due Aug. 15, 2016;

• $6.8 million of 5% bonds due Aug. 15, 2017;

• $7.15 million of 5% bonds due Aug. 15, 2018;

• $7,515,000 of 5% bonds due Aug. 15, 2019;

• $7.9 million of 5% bonds due Aug. 15, 2020; and

• $2,165,000 of 4.375% bonds due Aug. 15, 2021.

The authority will also redeem $75 million of series 2003-B-1 bonds and $25 million of series 2003-B-2 bonds, both of which are due Dec. 15, 2030. These bonds will be redeemed at par plus accrued interest on Aug. 7.

U.S. Bank NA is the trustee.

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