Seattle to redeem $69.23 million municipal light & power revenue bonds

By Marisa Wong

Milwaukee, June 9 - The City of Seattle said it will redeem all $69.225 million of its outstanding municipal light and power revenue bonds, series 1998B, on June 25.

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

To be redeemed are the following bonds:

• $3.52 million of 4.75% bonds due June 1, 2011;

• $3.69 million of 4.75% bonds due June 1, 2012;

• $3.87 million of 4.75% bonds due June 1, 2013;

• $4.06 million of 4.75% bonds due June 1, 2014;

• $4.265 million of 4.75% bonds due June 1, 2015;

• $4.485 million of 4.75% bonds due June 1, 2016;

• $4.715 million of 4.75% bonds due June 1, 2017;

• $4.955 million of 4.75% bonds due June 1, 2018;

• $5.21 million of 4.75% bonds due June 1, 2019;

• $11.25 million of 4.875% bonds due June 1, 2021; and

• $19.205 million of 5% bonds due June 1, 2024.

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