Portland, Ore., calls all 1998 Portland International Airport bonds

By Marisa Wong

Madison, Wis., Oct. 4 - The Port of Portland, Ore., said it will redeem all of its outstanding Portland International Airport revenue bonds, 1998 series 12 A, B and C, on Nov. 4.

The bonds will be redeemed at par plus accrued interest up to the redemption date.

To be redeemed are the following series 12 A bonds:

• $2.09 million of 5.25% bonds due July 1, 2011;

• $2.2 million of 5.25% bonds due July 1, 2012;

• $2.315 million of 5.25% bonds due July 1, 2013;

• $5.575 million of 5% bonds due July 1, 2018; and

• $3.705 million of 5% bonds due July 1, 2028.

To be redeemed are the following series 12 B bonds:

• $1.64 million of 5.25% bonds due July 1, 2011;

• $1.72 million of 5.25% bonds due July 1, 2012;

• $1.805 million of 5.25% bonds due July 1, 2013; and

• $2.24 million of 5% bonds due July 1, 2018.

To be redeemed are the following series 12 C bonds:

• $4.585 million of 4.75% bonds due July 1, 2011;

• $4.8 million of 5% bonds due July 1, 2012;

• $5.035 million of 5% bonds due July 1, 2013;

• $5.055 million of 5% bonds due July 1, 2014;

• $5.31 million of 5% bonds due July 1, 2015;

• $5.58 million of 5% bonds due July 1, 2016;

• $5.85 million of 5.25% bonds due July 1, 2017;

• $6.165 million of 5% bonds due July 1, 2018; and

• $60.89 million of 5% bonds due July 1, 2028.

The Bank of New York Mellon Trust Co., NA is the trustee.

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