Minnesota to redeem $136.75 million of G.O. bonds issued in 10 series

By Devika Patel

Knoxville, Tenn., Sept. 23 - The state of Minnesota said it will redeem all $136.75 million of its general obligation state various purpose bonds and general obligation state trunk highway bonds, which mature on Nov. 1 in years 2011 through 2020, inclusive, at par plus interest on Nov. 1.

The bonds include the following:

• $13.68 million in 5.25% bonds due Nov. 1, 2011;

• $13.68 million in 5.25% bonds due Nov. 1, 2012;

• $13.68 million in 5.5% bonds due Nov. 1, 2013;

• $13.68 million in 5.5% bonds due Nov. 1, 2014;

• $13.68 million in 5.5% bonds due Nov. 1, 2015;

• $13.68 million in 5.125% bonds due Nov. 1, 2016;

• $13.68 million in 5% bonds due Nov. 1, 2017;

• $13.68 million in 5.25% bonds due Nov. 1, 2018;

• $13.68 million in 5% bonds due Nov. 1, 2019; and

• $13.68 million in 5% bonds due Nov. 1, 2020.

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

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