Pennsylvania calls $544.59 million of 2003 Philadelphia School bonds

By Tali David

Minneapolis, May 2 - The Pennsylvania State Public School Building Authority called $544,585,000 of its series 2003 school lease revenue bonds issued for the School District of Philadelphia, according to a notice.

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

• $5 million of 4.15% bonds due June 1, 2014;

• $5 million of 4.25% bonds due June 1, 2015;

• $5 million of 4.375% bonds due June 1, 2016;

• $5 million of 4.5% bonds due June 1, 2017;

• $5 million of 4.5% bonds due June 1, 2018;

• $5 million of 4.625% bonds due June 1, 2019;

• $5 million of 4.75% bonds due June 1, 2020;

• $765,000 of 4.75% bonds due June 1, 2021;

• $1,725,000 of 5% bonds due June 1, 2022;

• $6.7 million of 5% bonds due June 1, 2023;

• $28,915,000 of 5.25% bonds due June 1, 2024;

• $31.28 million of 5.25% bonds due June 1, 2025;

• $33,745,000 of 5.25% bonds due June 1, 2026;

• $36.54 million of 5.25% bonds due June 1, 2027;

• $46,345,000 of 5% bonds due June 1, 2029; and

• $358,535,000 of 5% bonds due June 1, 2033.

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

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