Southeastern Pennsylvania Transportation to redeem some 2007 bonds

By Marisa Wong

Madison, Wis., Jan. 31 - The Southeastern Pennsylvania Transportation Authority (Septa) said that it will redeem $7.075 million of its $112.45 million of outstanding converted variable-rate revenue refunding bonds, series 2007, on March 1.

The bonds, which are due March 1, 2022, will be redeemed at par plus accrued interest to the redemption date.

Septa is the public transportation system for Philadelphia and the surrounding counties.

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