Michigan Strategic calls $50 million of 2008LT Detroit Edison bonds

By Tali David

Minneapolis, Nov. 1 - The Michigan Strategic Fund called all $50 million of its collateralized series 2008LT limited obligation revenue bonds issued for the Detroit Edison Co. Exempt Facilities Project, according to a notice.

The 6.75% bonds, which are due Dec. 1, 2038, will be redeemed at par on Dec. 1.

The Bank of New York Mellon Trust Co., NA is the trustee agent.

Detroit Edison is a Detroit-based electric subsidiary of DTE Energy.

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