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Published on 5/28/2014 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

University of Texas System calls 2004A, 2004B permanent university bonds

By Tali Rackner

Norfolk, Va., May 28 - The University of Texas System board of regents called its 2004A and 2004B permanent university fund refunding bonds, according to multiple notices.

The following 2004A bonds will be redeemed:

• $8.41 million of 5% bonds due July 1, 2015; and

• $8.83 million of 5% bonds due July 1, 2016.

The following 2004B refunded bonds will be redeemed:

• $28.3 million of 5% bonds due July 1, 2023;

• $32.45 million of 5% bonds due July 1, 2026; and

• $112,235,000 of 4.75% bonds due July 1, 2030.

The following 2004B unrefunded bonds will be redeemed:

• $29,715,000 of 4.5% bonds due July 1, 2024;

• $31,055,000 of 4.5% bonds due July 1, 2025;

• $34,075,000 of 4.75% bonds due July 1, 2030; and

• $128.69 million of 4.5% bonds due July 1, 2033.

The bonds will be redeemed at par plus accrued interest on July 1.

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


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