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Published on 4/1/2014 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Florida Board of Education to redeem $122.21 million of 2004B bonds

By Tali Rackner

Norfolk, Va., April 1 - The State of Florida Board of Education called $122.21 million of its 2004 series B full faith and credit public education capital outlay refunding bonds, according to a notice.

The following will be redeemed at 101 plus accrued interest on June 1:

• $7,575,000 of 5% bonds due June 1, 2015;

• $7.97 million of 5% bonds due June 1, 2016;

• $8,395,000 of 5% bonds due June 1, 2017;

• $8.85 million of 5% bonds due June 1, 2018;

• $9,325,000 of 5% bonds due June 1, 2019;

• $9.83 million of 4.75% bonds due June 1, 2020;

• $10.34 million of 4% bonds due June 1, 2021;

• $10.8 million of 4.75% bonds due June 1, 2022;

• $11,355,000 of 4.75% bonds due June 1, 2023;

• $11.94 million of 5% bonds due June 1, 2024;

• $12.59 million of 4.75% bonds due June 1, 2025; and

• $13.24 million of 4.75% bonds due June 1, 2026.

U.S. Bank NA is the paying agent.


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