Port of Seattle redeems $159.11 million 1998A, 1998B revenue bonds

By Melissa Kory

Cleveland, Dec. 1 - The Port of Seattle redeemed its $71.635 million of series 1998B passenger facility charge revenue bonds and its $87.47 million of series 1998A passenger facility charge revenue bonds.

The series 1998B bonds redeemed include:

• $10.555 million of 5.25% bonds due Dec. 1, 2011;

• $11.11 million of 5.25% bonds due Dec. 1, 2012;

• $11.69 million of 5.375% bonds due Dec. 1, 2013;

• $12.325 million of 5.25% bonds due Dec. 1, 2014; and

• $25.955 million of 5.3% bonds due Dec. 1, 2016.

The series 1998A bonds redeemed include:

• $670,000 of 5% bonds due Dec. 1, 2016;

• $14.38 million of 5% bonds due Dec. 1, 2017; and

• $72.42 million of 5% bonds due Dec. 1, 2023.

The bonds were redeemed on Dec. 1 at par plus accrued interest to the redemption date.

Bank of New York Mellon was the redemption agent.

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