Illinois Educational calls $185 million Northwestern University bonds

By Tali David

Minneapolis, Oct. 30 - The Illinois Educational Facilities Authority plans to redeem all $185.01 million of its series 2003 revenue bonds issued for Northwestern University, according to a notice.

The following will be redeemed at par plus accrued interest on Dec. 1:

• $3.47 million of 5% bonds due Dec. 1, 2014;

• $3.7 million of 5% bonds due Dec. 1, 2015;

• $4.04 million of 5% bonds due Dec. 1, 2016;

• $4,255,000 of 5% bonds due Dec. 1, 2017;

• $4.56 million of 5% bonds due Dec. 1, 2018;

• $4.85 million of 5% bonds due Dec. 1, 2019;

• $5,335,000 of 5% bonds due Dec. 1, 2020;

• $4.8 million of 5% bonds due Dec. 1, 2021;

• $21.98 million of 5% bonds due Dec. 1, 2033; and

• $128.02 million of 5% bonds due Dec. 1, 2038.

U.S. Bank NA is the trustee.

Northwestern University is a private research university with campuses in Evanston, Ill., and Chicago.

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