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Published on 6/3/2014 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Puerto Rico Highways to redeem series J transportation revenue bonds

By Tali Rackner

Norfolk, Va., June 3 - The Puerto Rico Highways and Transportation plans to redeem its series J transportation revenue bonds, according to multiple notices.

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

• $5.27 million of 5% bonds due July 1, 2017;

• $1,175,000 of 5% bonds due July 1, 2017;

• $1,685,000 of 5% bonds due July 1, 2020;

• $110,000 of 4.625% bonds due July 1, 2021;

• $7,135,000 of 5.5% bonds due July 1, 2021;

• $7.87 million of 5.5% bonds due July 1, 2022;

• $8.32 million of 5.5% bonds due July 1, 2023;

• $6,625,000 of 5.5% bonds due July 1, 2024;

• $1.56 million of 5% bonds due July 1, 2029;

• $67,185,000 of 5% bonds due July 1, 2034;

• $85,945,000 of 5.125% bonds due July 1, 2039;

• $86.02 million% bonds due July 1, 2043.

The Bank of New York Mellon is the fiscal agent and escrow agent.


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