Virginia to redeem Northern Virginia Transportation, Route 58 bonds

By Tali Rackner

Norfolk, Va., April 15 - The Commonwealth of Virginia Transportation Board called $61.47 million of its series 2004A and $161,355,000 of 2004B revenue refunding bonds, according to two notices.

The following 2004A bonds issued for the Northern Virginia Transportation District Program will be redeemed at par plus accrued interest on May 15:

• $7.74 million of 5% bonds due May 15, 2015;

• $8.13 million of 5% bonds due May 15, 2016;

• $8.54 million of 5% bonds due May 15, 2017;

• $8.97 million of 4% bonds due May 15, 2018;

• $9.32 million of 4% bonds due May 15, 2019;

• $9.7 million of 4% bonds due May 15, 2020;

• $6.99 million of 4% bonds due May 15, 2021; and

• $2.08 million of 4.125% bonds due May 15, 2022.

The following 2004B bonds issued for the Route 58 Corridor Development Program will be redeemed at par plus accrued interest on May 15:

• $18,925,000 of 5% bonds due May 15, 2015;

• $19,865,000 of 5% bonds due May 15, 2016;

• $20.86 million of 5% bonds due May 15, 2017;

• $21,905,000 of 5% bonds due May 15, 2018;

• $23 million of 5% bonds due May 15, 2019;

• $24.15 million of 4.75% bonds due May 15, 2020;

• $19.91 million of 4.75% bonds due May 15, 2021; and

• $12.74 million of 4.75% bonds due May 15, 2022.

U.S. Bank NA is the trustee or agent.

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