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Published on 12/31/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Pennsylvania to redeem all of its first series of 2004 G.O. bonds

By Tali David

Minneapolis, Dec. 31 - The Commonwealth of Pennsylvania called all of its first series of 2004 general obligation bonds, according to a notice.

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

• $18.09 million of 5% bonds due Feb. 1, 2015;

• $18,995,000 of 4% bonds due Feb. 1, 2016;

• $19,755,000 of 4% bonds due Feb. 1, 2017;

• $20,545,000 of 4% bonds due Feb. 1, 2018;

• $21.37 million of 4% bonds due Feb. 1, 2019;

• $22,225,000 of 4.5% bonds due Feb. 1, 2020;

• $5 million of 4.5% bonds due Feb. 1, 2021;

• $18.22 million of 4.5% bonds due Feb. 1, 2021;

• $24.27 million of 4.5% bonds due Feb. 1, 2022;

• $25.36 million of 4.25% bonds due Feb. 1, 2023; and

• $26.44 million of 4.375% bonds due Feb. 1, 2024.

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


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