North Carolina calls $80 million of general obligation highway bonds

By Tali Rackner

Norfolk, Va., April 1 - The State of North Carolina called $80 million of its series 2004 general obligation highway bonds, according to two notices.

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

• $20 million of 5% bonds due May 1, 2016;

• $20 million of 5% bonds due May 1, 2017;

• $20 million of 4.25% bonds due May 1, 2018; and

• $20 million of 4.25% bonds due May 1, 2019.

U.S. Bank NA is the trustee or agent for the 2016 and 2017 bonds, and Branch Banking and Trust Co. is the escrow agent for the 2018 and 2019 bonds.

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