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Published on 11/1/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

St. Paul calls Robert Street, Cedar Street lease revenue bonds

By Tali David

Minneapolis, Nov. 1 - The Port Authority of the City of Saint Paul, Minn., called all of its series 2003-11 and 2003-12 lease revenue bonds, according to two notices.

The following 2003-11 State of Minnesota Office Building at Robert Street Site bonds will be redeemed at par plus accrued interest on Dec. 1:

• $2,205,000 of 5.25% bonds due Dec. 1, 2014;

• $2.32 million of 5.25% bonds due Dec. 1, 2015;

• $2,445,000 of 5.25% bonds due Dec. 1, 2016;

• $2.57 million of 5.25% bonds due Dec. 1, 2017;

• $2.71 million of 5.25% bonds due Dec. 1, 2018;

• $2.85 million of 5.25% bonds due Dec. 1, 2019;

• $3 million of 5.25% bonds due Dec. 1, 2020;

• $9,925,000 of 4.75% bonds due Dec. 1, 2023; and

• $15.64 million of 5% bonds due Dec. 1, 2027.

The following 2003-12 State of Minnesota Office Building at Cedar Street Site bonds will be redeemed at par plus accrued interest on Dec. 1:

• $3 million of 5.25% bonds due Dec. 1, 2014;

• $3.16 million of 5.25% bonds due Dec. 1, 2015;

• $3,325,000 of 5.25% bonds due Dec. 1, 2016;

• $3.5 million of 5.25% bonds due Dec. 1, 2017;

• $3,685,000 of 5.25% bonds due Dec. 1, 2018;

• $3,875,000 of 5.25% bonds due Dec. 1, 2019;

• $4.08 million of 5.25% bonds due Dec. 1, 2020;

• $13.54 million of 5% bonds due Dec. 1, 2023; and

• $21,465,000 of 5.125% bonds due Dec. 1, 2027.

U.S. Bank NA is the trustee or agent.


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