North Texas Tollway to redeem its $120 million 5.5% refunding bonds

By Melissa Kory

Cleveland, Nov. 30 - The North Texas Tollway Authority announced that it will redeem its $120 million of 5.5% subseries 2008L-1 system first-tier revenue refunding bonds due Jan. 1, 2038.

The bonds will be redeemed on Jan. 1 at par plus accrued interest up to the redemption date.

Wells Fargo Bank, NA is the redemption agent.

Based in Plano, Texas, the authority maintains and operates highways and roadways in Collin, Dallas, Denton and Tarrant counties.

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