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Published on 7/19/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Florida Transportation calls $234.55 million of 2003A turnpike bonds

By Tali David

Minneapolis, July 19 - The State of Florida Department of Transportation plans to redeem $234.55 million of its series 2003A turnpike revenue refunding bonds, according to a notice.

The following will be redeemed at 101 plus a premium and accrued interest on Aug. 23:

• $29,835,000 of 5% bonds due July 1, 2014;

• $31,325,000 of 5% bonds due July 1, 2015;

• $32,895,000 of 5% bonds due July 1, 2016;

• $42,035,000 of 5% bonds due July 1, 2017;

• $46.86 million of 5% bonds due July 1, 2018;

• $25,795,000 of 4.25% bonds due July 1, 2019;

• $8.23 million of 4.25% bonds due July 1, 2020;

• $8,615,000 of 4.25% bonds due July 1, 2021; and

• $8.96 million of 4.25% bonds due July 1, 2022.

U.S. Bank NA is the paying agent.

The board is based in Tallahassee, Fla.


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