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Published on 6/25/2010 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Pennsylvania Turnpike calls $208.62 million turnpike multi-modal bonds

By Marisa Wong

Milwaukee, June 25 - The Pennsylvania Turnpike Commission said it will redeem a total of $208.615 million of its turnpike multi-modal revenue refunding bonds, series 2008 A-1, A-2 and A-3, on Aug. 2.

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

To be redeemed are the following bonds:

• $103.68 million of 2008 A-1 bonds due Dec. 1, 2022;

• $52.47 million of 2008 A-2 bonds due Dec. 1, 2022; and

• $52.465 million of 2008 A-3 bonds due Dec. 1, 2022.

U.S. Bank NA is the trustee.


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