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Published on 3/27/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Montgomery, Md., calls $62 million of public improvement bonds at par

By Tali David

Minneapolis, March 27 - Montgomery County, Md., called $62 million of its consolidated public improvement bonds of 2003, series A, according to a notice.

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

• $7.75 million of 4% bonds due May 1, 2016;

• $7.75 million of 4% bonds due May 1, 2017;

• $7.75 million of 4% bonds due May 1, 2018;

• $7.75 million of 4% bonds due May 1, 2019;

• $7.75 million of 4% bonds due May 1, 2020;

• $7.75 million of 4% bonds due May 1, 2021;

• $7.75 million of 4% bonds due May 1, 2022; and

• $7.75 million of 4% bonds due May 1, 2023.

U.S. Bank NA is the escrow deposit agent.


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