Virginia Port Authority to redeem $38.09 million of revenue bonds

By Tali David

Minneapolis, Oct. 23 - The Virginia Port Authority plans to redeem $29.39 million of its series 2003 and $8.7 million of its series 2006 port facilities revenue bonds, according to two notices.

The following 2003 bonds will be redeemed at 101 plus accrued interest on Nov. 21:

• $1.36 million of bonds due July 1, 2014;

• $1.43 million of bonds due July 1, 2015;

• $1,505,000 of bonds due July 1, 2016;

• $1,585,000 of bonds due July 1, 2017;

• $1,665,000 of bonds due July 1, 2018;

• $1,755,000 of bonds due July 1, 2019;

• $1,845,000 of bonds due July 1, 2020;

• $6.09 million of bonds due July 1, 2023;

• $2.21 million of bonds due July 1, 2024;

• $5 million of bonds due July 1, 2028; and

• $4,945,000 of bonds due July 1, 2028.

The following 2006 bonds will be redeemed at par plus accrued interest on Nov. 21:

• $90,000 of bonds due July 1, 2014;

• $95,000 of bonds due July 1, 2015;

• $100,000 of bonds due July 1, 2016;

• $100,000 of bonds due July 1, 2017;

• $105,000 of bonds due July 1, 2018;

• $115,000 of bonds due July 1, 2019;

• $115,000 of bonds due July 1, 2020;

• $120,000 of bonds due July 1, 2021;

• $125,000 of bonds due July 1, 2022;

• $135,000 of bonds due July 1, 2023;

• $135,000 of bonds due July 1, 2024;

• $145,000 of bonds due July 1, 2025;

• $145,00 of bonds due July 1, 2026; and

• $7,175,000 of bonds due July 1, 2031.

U.S. Bank NA is the trustee and escrow agent.

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