Maryland defeases five series of state and local facilities loan bonds

By Tali Rackner

Norfolk, Va., March 20 - The State of Maryland defeased five series of its state and local facilities loan bonds, according to a notice.

The following second series state and local facilities loan of 2007 bonds will be redeemed at par plus accrued interest on Aug. 1, 2017:

• $31.33 million of 5% bonds due Aug. 1, 2018; and

• $32,935,000 of 5% bonds due Aug. 1, 2019.

The following second series state and local facilities loan of 2008 bonds will be redeemed at par plus accrued interest on July 15, 2018:

• $34,315,000 of 5% bonds due July 15, 2019; and

• $36.03 million of 5% bonds due July 15, 2020.

The following second series A state and local facilities loan of 2009 bonds will be redeemed at par plus accrued interest on Aug. 15, 2017:

• $1,165,000 of 5% bonds due Aug. 15, 2018;

• $8.27 million of 4% bonds due Aug. 15, 2019; and

• $9,865,000 of 5% bonds due Aug. 15, 2019.

The following third series A state and local facilities loan of 2009 bonds will be redeemed at par plus accrued interest on Nov. 1, 2019:

• $17,575,000 of 5% bonds due Nov. 1, 2021.

The following second series B state and local facilities loan of 2011 bonds will be redeemed at par plus accrued interest on Aug. 1, 2019:

• $34,925,000 of 5% bonds due Aug. 1, 2020.

Citibank, NA is the escrow deposit agent.

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