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Published on 12/3/2010 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

South Carolina State Education calls five series of loan revenue bonds

By Marisa Wong

Madison, Wis., Dec. 3 - The South Carolina State Education Assistance Authority said it will redeem its variable-rate education loan revenue and refunding bonds, 2003 series A-2 and B, 2004 series A-3 and 2006 series A-2 and B, in full.

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

To be redeemed on Dec. 21 are all $58 million of 2004 series A-3 bonds due March 1, 2024.

To be redeemed on Dec. 23 are all $54 million of 2006 series A-2 bonds due Sept. 1, 2026 and all $10 million of 2006 series B bonds due Sept. 1, 2026.

To be redeemed on Dec. 28 are all $37 million of 2003 series A-2 bonds due March 1, 2023 and $10 million of 2003 series B bonds due March 1, 2023.


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