North Carolina proposes redemption of $675.96 million of G.O. bonds

By Tali David

Minneapolis, Feb. 1 - North Carolina proposed a plan to redeem $675,955,000 of its general obligation public improvement bonds in full, according to multiple notices.

The following 2003A bonds will be redeemed on Feb. 28:

• $13 million of 5.25% bonds due March 1, 2015;

• $13 million of 5% bonds due March 1, 2016;

• $13 million of 5% bonds due March 1, 2018;

• $16.5 million of 5% bonds due March 1, 2019;

• $16.5 million of 5% bonds due March 1, 2020;

• $16.5 million of 5% bonds due March 1, 2021;

• $16.5 million of 5% bonds due March 1, 2022;

• $16.5 million of 5% bonds due March 1, 2023;

• $16.5 million of 4.5% bonds due March 1, 2024;

• $16.5 million of 4.5% bonds due March 1, 2025; and

• $16.5 million of 4.5% bonds due March 1, 2026.

The following 2003B bonds will be redeemed on Feb. 28:

• $13 million of 5% bonds due April 1, 2016;

• $13 million of 5% bonds due April 1, 2017;

• $13 million of 5% bonds due April 1, 2018;

• $18 million of 5% bonds due April 1, 2019;

• $30 million of 5% bonds due April 1, 2020;

• $30 million of 4.5% bonds due April 1, 2021;

• $30 million of 4.7% bonds due April 1, 2022; and

• $22,955,000 of 4.75% bonds due April 1, 2023.

The following 2004A bonds will be redeemed on Feb. 28:

• $25 million of 5% bonds due March 1, 2017;

• $25 million of 5% bonds due March 1, 2018;

• $25 million of 5% bonds due March 1, 2019;

• $65 million of 5% bonds due March 1, 2020;

• $65 million of 4.5% bonds due March 1, 2021;

• $65 million of 5% bonds due March 1, 2022; and

• $65 million of 4.5% bonds due March 1, 2023.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.