Massachusetts Turnpike to redeem $1.12 billion 1997 series A bonds

By Devika Patel

Knoxville, Tenn., June 8 - Massachusetts Turnpike Authority said it will redeem in full its $1.12 billion in subordinated 1997 series A metropolitan highway system revenue bonds at par plus interest to June 28, the redemption date.

Affected are the following bonds:

• $23.92 million 5% bonds due Jan. 1, 2011;

• $25.38 million 5% bonds due Jan. 1, 2012;

• $26.87 million 5% bonds due Jan. 1, 2013;

• $83.77 million 5.125% bonds due Jan. 1, 2017;

• $120.31 million 5.125% bonds due Jan. 1, 2023;

• $178.44 million 5% bonds due Jan. 1, 2027; and

• $659.9 million 5% bonds due Jan. 1, 2037.

The Bank of New York Mellon Trust Co., NA (800 254-2826) is the trustee.

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