Minnesota defeases $394 million of G.O. state various purpose bonds

By Tali David

Minneapolis, Nov. 13 - The State of Minnesota called $394 million of its general obligation state various purpose bonds, according to a notice.

On Oct. 1, 2015, the state will redeem $131.45 million of 5% bonds due Oct. 1, 2016 through 2025.

On June 1, 2016, the state will redeem $121.8 million of 5% bonds due June 1, 2017 through 2026.

On Nov. 1, 2016, the state will redeem $140.75 million of 5% bonds due Nov. 1, 2017 through 2026.

The bonds will be redeemed at par plus accrued interest to the redemption date.

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

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