Arizona aims to redeem $37.3 million of student loan revenue bonds

By Devika Patel

Knoxville, Tenn., Feb. 18 - The Student Loan Acquistion Authority of Arizona announced the optional redemption of $29.8 million of its variable-rate series A1 senior student loan revenue refunding bonds due 2029 and $7.5 million of its 6.15% series B-1 junior-subordinate student loan revenue refunding bonds due 2029.

The variable-rate bonds will be redeemed at par on March 4 while the 6.15% securities will be redeemed at 102 on March 25.

Wells Fargo Bank, NA (612 667-9764 or toll free at 800 344-5128) is the trustee for both series of bonds.

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