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Published on 12/6/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Hawaii to redeem $171.06 million of general obligation bonds of 2013

By Tali David

Minneapolis, Dec. 6 - The State of Hawaii plans to redeem $171.06 million of series DA, DB, DD, DE and DF general obligation bonds of 2013, according to a notice.

The following DA bonds will be redeemed at par plus accrued interest on Dec. 23:

• $4,355,000 of 4.2% bonds due Sept. 1, 2014;

• $1,475,000 of 4.3% bonds due Sept. 1, 2015;

• $180,000 of 4.5% bonds due Sept. 1, 2017;

• $625,000 of 4.6% bonds due Sept. 1, 2018;

• $8.1 million of 5.25% bonds due Sept. 1, 2019;

• $20,000 of 4.75% bonds due Sept. 1, 2020;

• $255,000 of 4.8% bonds due Sept. 1, 2021;

• $130,000 of 4.9% bonds due Sept. 1, 2022;

• $2.34 million of 4.9% bonds due Sept. 1, 2023;

• $11.67 million of 5.25% bonds due Sept. 1, 2015;

• $7,125,000 of 5.25% bonds due Sept. 1, 2017;

• $7.07 million of 5.25% bonds due Sept. 1, 2018;

• $8.52 million of 5.25% bonds due Sept. 1, 2020;

• $8.75 million of 5.25% bonds due Sept. 1, 2021;

• $9.36 million of 5.25% bonds due Sept. 1, 2022; and

• $7.65 million of 5.25% bonds due Sept. 1, 2023.

The following DB bonds will be redeemed at par plus accrued interest on Dec. 23:

• $5 million of 4% bonds due Sept. 1, 2014;

• $24.15 million of 5.25% bonds due Sept. 1, 2015;

• $15,145,000 of 5.25% bonds due Sept. 1, 2014; and

• $19,655,000 of 5.25% bonds due Sept. 1, 2016.

The following DD bonds will be redeemed at par plus accrued interest on May 1, 2014:

• $2,295,000 of 4.125% bonds due May 1, 2015;

• $790,000 of 4.2% bonds due May 1, 2016;

• $7.71 million of 5.25% bonds due May 1, 2015; and

• $7,725,000 of 5% bonds due May 1, 2016.

The following DE bonds will be redeemed at par plus accrued interest on Oct. 1, 2014:

• $11,665,000 of 5% bonds due Oct. 1, 2015; and

• $1.02 million of 3.6% bonds due Oct. 1, 2015.

The following DF bonds will be redeemed at par plus accrued interest on July 1, 2015:

• $8.3 million of 5% bonds due July 1, 2016.

U.S. Bank NA is the escrow agent.


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