South Carolina Education Assistance calls six series of bonds in full

By Marisa Wong

Madison, Wis., Dec. 8 - The South Carolina State Education Assistance Authority said it will redeem in full its education loan revenue bonds, series 2003 A-1, 2004 A-1, 2005 A-1, 2005 A-3, 2006 A-3 and 2007 A-2.

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

Affected are the following bonds:

• $45 million of 2003 A-1 bonds due March 1, 2023, to be redeemed Jan. 11;

• $55.7 million of 2004 A-1 bonds due March 1, 2024, to be redeemed Jan. 5;

• $45.3 million of 2005 A-1 bonds due Sept. 1, 2025, to be redeemed Jan. 6;

• $45.3 million of 2005 A-3 bonds due Sept. 1, 2025, to be redeemed Jan. 6;

• $54 million of 2006 A-3 bonds due Sept. 1, 2026, to be redeemed Dec. 30; and

• $65.8 million of 2007 A-2 bonds due Sept. 1, 2027, to be redeemed Jan. 4.

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