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Published on 3/19/2010 in the Prospect News Municipals Daily.

Michigan Municipal Bond Authority calls $79.07 million of 1998 clean water revenue bonds

By Marisa Wong

Milwaukee, March 19 - The Michigan Municipal Bond Authority gave notice that it will redeem $79.07 million of its outstanding clean water state revolving fund revenue bonds series 1998 on April 19.

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

Affected are the following bonds:

• $5.5 million of $7,385,000 outstanding 5.25% bonds due Oct. 1, 2010;

• $5,795000 of $7,575,000 outstanding 5.25% bonds due Oct. 1, 2011;

• $6,095,000 of $7.76 million outstanding 5.25% bonds due Oct. 1, 2012;

• $6,425,000 of $7.96 million outstanding 5.25% bonds due Oct. 1, 2013;

• $6.76 million of $8,155,000 outstanding 5.25% bonds due Oct. 1 2014;

• $14,615,000 of $16.93 million outstanding 5.25% bonds due Oct. 1, 2016;

• $16.15 million of $17.74 million outstanding 4.75% bonds due Oct. 1, 2018; and

• $17.73 million of $18.46 million outstanding 4.75% bonds due Oct. 1, 2020.


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