Massachusetts defeases, calls 1998B, 2000A federal highway grant bonds

By Marisa Wong

Madison, Wis., Jan. 5 - The Commonwealth of Massachusetts said that it defeased and will redeem a portion of its federal highway grant anticipation notes, 1998 series B and 2000 series A.

The 2000A notes and some of the defeased 1998B notes will be redeemed on Feb. 1 at par plus accrued interest.

To be redeemed are the following 1998B bonds:

• $8.605 million of bonds due June 15, 2011;

• $5 million of bonds due June 15, 2011;

• $15.03 million of bonds due Dec. 15, 2011;

• $15.48 million of bonds due Dec. 15, 2012;

• $13.325 million of bonds due June 15, 2013;

• $5 million of bonds due June 15, 2013; and

• $10 million of bonds due June 15, 2014.

To be redeemed are the following 2000A bonds:

• $29.66 million of bonds due June 15, 2011;

• $29.51 million of bonds due Dec. 15, 2011;

• $1 million of bonds due Dec. 15, 2011;

• $31.38 million of bonds due June 15, 2012;

• $3.665 million of bonds due Dec. 15, 2012;

• $33.2 million of bonds due June 15, 2013;

• $6.755 million of bonds due Dec. 15, 2013; and

• $10 million of bonds due June 15, 2015.

The issuer also defeased the following 1998B bonds:

• $35.35 million of bonds due Dec. 15, 2012;

• $20 million of bonds due June 15, 2013;

• $34.74 million of bonds due Dec. 15, 2013;

• $36.68 million of bonds due Dec. 15, 2014;

• $36.68 million of bonds due June 15, 2015; and

• $16.555 million of bonds due June 15, 2012.

U.S. Bank NA is the trustee.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.