Capital Beltway Funding calls $589 million I-495 HOT Lanes bonds

By Marisa Wong

Madison, Wis., Nov. 17 - Capital Beltway Funding Corp. of Virginia said it will redeem its I-495 HOT Lanes Project senior-lien multi-modal revenue bonds, series 2008A, 2008B, 2008C and 2008D, in full on Dec. 15.

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

To be redeemed are the following bonds:

• $300 million of 2008A bonds due Dec. 31, 2047;

• $114 million of 2008B bonds due Dec. 31, 2047;

• $100 million of 2008C bonds due Dec. 31, 2047; and

• $75 million of 2008D bonds due Dec. 31, 2047.

Wells Fargo Bank, NA is the trustee.

Interstate 495 (Capital Beltway) surrounds Washington, D.C. and its inner suburbs in Maryland and Virginia.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.