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Published on 5/31/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Puerto Rico Highways to redeem all 2003 series G transportation revs

By Tali David

Minneapolis, May 31 - The Puerto Rico Highways and Transportation Authority plans to redeem all of its 2003 series G transportation revenue bonds, according to two notices.

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

• $16,375,000 of 5.25% bonds due July 1, 2014;

• $16,655,000 of 5.25% bonds due July 1, 2015;

• $14.64 million of 5.25% bonds due July 1, 2016;

• $9.76 million of 5.25% bonds due July 1, 2017;

• $11,095,000 of 5.25% bonds due July 1, 2018;

• $11.44 million of 5.25% bonds due July 1, 2019;

• $5,525,000 of 5.25% bonds due July 1, 2020;

• $$11.06 million of 5.25% bonds due July 1, 2020;

• $5,095,000 of 5.25% bonds due July 1, 2021;

• $9.72 million of 5.25% bonds due July 1, 2021;

• $4.36 million of 5% bonds due July 1, 2028;

• $94,335,000 of 5% bonds due July 1, 2033;

• $435,000 of 5% bonds due July 1, 2033;

• $250,000 of 5% bonds due July 1, 2042; and

• $171,295,000 of 5% bonds due July 1, 2042.

The Bank of New York Mellon Trust Co., NA is the fiscal and escrow agent.


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