South Carolina to redeem $124 million of 1999A state highway bonds

By Marisa Wong

Milwaukee, March 29 - The State of South Carolina gave notice that it will redeem $124 million of its $200 million outstanding general obligation state highway bonds, series 1999A, on May 1.

The bonds will be redeemed at 101 plus accrued interest up to the redemption date.

To be redeemed are the following bonds:

• $13 million of 4.6% bonds due May 1, 2011;

• $13 million of 4.6% bonds due May 1, 2012;

• $14 million of 4.6% bonds due May 1, 2013;

• $14 million of 4.6% bonds due May 1, 2014;

• $14 million of 4.6% bonds due May 1, 2015;

• $14 million of 4.6% bonds due May 1, 2016;

• $14 million of 4.6% bonds due May 1, 2017;

• $14 million of 4.6% bonds due May 1, 2018; and

• $14 million of 4.6% bonds due May 1, 2019.

U.S. Bank NA is the trustee.

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