Tennessee calls $87.345 million of 5% bonds

By Laura Lutz

Des Moines, March 25 - The State of Tennessee announced it will redeem $87.345 million of 5% general obligation bonds, 1998 series A and 1998 series B.

Tennessee said it will pay 101% of par plus accrued interest for the series A bonds and 100% of par plus accrued interest for the series B bonds. The redemption date is May 1.

The state is calling:

• $510,000 of bonds due May 1, 2009;

• $530,000 of series A bonds with CUSIP 880541DS3, $5.53 million of series A bonds with CUSIP 880541EG8 and $3.47 million of series B bonds, all due May 1, 2010;

• $555,000 of series A bonds with CUSIP 880541DT1, $5.53 million of series A bonds with CUSIP 880541EH6 and $3.475 million of series B bonds, all due May 1, 2011;

• $585,000 of series A bonds with CUSIP 880541DU8, $5.53 million of series A bonds with CUSIP 880541EJ2 and $3.47 million of series B bonds, all due May 1, 2012;

• $610,000 of series A bonds with CUSIP 880541DV6, $5.53 million of series A bonds with CUSIP 880541EK9 and $3.47 million of series B bonds, all due May 1, 2013;

• $640,000 of series A bonds with CUSIP 880541DW4, $5.53 million of series A bonds with CUSIP 880541EL7 and $3.47 million of series B bonds, all due May 1, 2014;

• $675,000 of series A bonds with CUSIP 880541DX2, $5.53 million of series A bonds with CUSIP 880541EM5 and $3.475 million of series B bonds, all due May 1, 2015;

• $705,000 of series A bonds with CUSIP 880541DY0, $5.53 million of series A bonds with CUSIP 880541EN3 and $3.47 million of series B bonds, all due May 1, 2016;

• $740,000 of series A bonds with CUSIP 880541DZ7, $5.53 million of series A bonds with CUSIP 880541EP8 and $3.47 million of series B bonds, all due May 1, 2017; and

• $775,000 of series A bonds with CUSIP 880541EA1, $5.535 million of series A bonds with CUSIP 880541EQ6 and $3.475 million of series B bonds, all due May 1, 2018.

Deutsche Bank National Trust Co. (contact Jacqueline McNeil, 662 890-3789) is the escrow and paying agent.

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