Illinois Development Finance calls $50 million Peoples Gas Light bonds

By Tali David

Minneapolis, March 19 - Illinois Development Finance Authority plans to redeem all $50 million of its series 2003A Peoples Gas Light and Coke Co. Project gas supply refunding revenue bonds due Feb. 1, 2033, according to a notice.

The bonds will be redeemed at par plus accrued interest on April 18.

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

The authority is under the Chicago-based Illinois Finance Authority, which provides funding for farms, industries, businesses, local governments, hospitals and nonprofit organizations. The gas utility is also based in Chicago.

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