Government Development Bank of Puerto Rico calls 5.9% senior notes

By Devika Patel

Knoxville, Tenn., May 5 - The Government Development Bank of Puerto Rico announced it plans to redeem $500 million of its 5.9% senior notes, 2007 series A due March 2031 and $384 million of its 5.9% senior notes, 2007 series A due April 2031.

The notes will be redeemed by the bank on June 1 at par.

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