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Published on 10/27/2010 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Wayne County Airport Authority, Mich., calls some Detroit airport revenue refunding bonds

By Marisa Wong

Madison, Wis., Oct. 27 - The Wayne County Airport Authority said it will redeem portions of its outstanding Detroit Metropolitan Wayne County Airport revenue refunding bonds, series 2008C, on Dec. 1.

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

To be redeemed are the following bonds:

• $4.025 million of variable-rate bonds due Dec. 1, 2021;

• $475,000 of variable-rate bonds due Dec. 1, 2024; and

• $415,000 of variable-rate bonds due Dec. 1, 2033.

The Wayne County, Mich., authority operates the Detroit Metropolitan Wayne County Airport and the Willow Run Airport.


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