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Published on 6/21/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Pennsylvania Turnpike calls three series of turnpike revenue bonds

By Marisa Wong

Madison, Wis., June 21 - The Pennsylvania Turnpike Commission issued redemption notices for its $52.07 million of series C of 2009 turnpike revenue bonds due Dec. 1, 2013, its $17,455,000 of series D of 2011 turnpike revenue bonds due Dec. 1, 2013 and its $97.14 million series A-2 2010 turnpike multi-modal revenue refunding bonds due Dec. 1, 2035.

All three series of variable-rate bonds will be redeemed in full on July 23 at par.

In addition, the issuer called its series A-1 2010 turnpike multi-modal revenue refunding bonds, as previously reported by Prospect News. The $97.23 million of outstanding A-1 2010 bonds will also be redeemed at par on July 23.


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