Houston calls portions of 2002 airport system subordinate-lien bonds

By Marisa Wong

Milwaukee, June 7 - The City of Houston said it will redeem portions of its airport system subordinate-lien auction-rate revenue bonds series 2002C, 2002D-1 and 2002D-2 on June 24.

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

Affected are $1.725 million of $96.65 million of outstanding 2002C bonds due July 23, 2020, $1.775 million of $71.625 million of outstanding 2002D-1 bonds due July 16, 2020 and $1.725 million of $71.6 million of outstanding 2002D-2 bonds due June 25, 2020.

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