Mississippi Development Bank calls $18.6 million variable-rate bonds

By Melissa Kory

Cleveland, Dec. 21 - The Mississippi Development Bank announced that it will redeem its $18,595,000 of variable-rate series 2005 special obligation bonds due July 1, 2015.

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

Wells Fargo Bank, NA is the redemption agent.

The bank, based in Jackson, Miss., provides funding for local governments.

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