Florida Board of Education calls four series of capital outlay bonds

By Marisa Wong

Madison, Wis., Oct. 5 - State of Florida Board of Education gave notice that it will redeem its outstanding series 1989A and 2001A, B and E full faith and credit public education capital outlay refunding bonds on Nov. 4.

The affected bonds include the following:

• $50 million of 5% series 1989A bonds due June 1, 2024;

• $18.005 million of 4.75% series 2001A bonds due June 1, 2022;

• $38.63 million of 4.75% series 2001A bonds due June 1, 2024;

• $25.665 million of 5% series 2001B bonds due June 1, 2024;

• $12.605 million of 5% series 2001B bonds due June 1, 2025; and

• $128.13 million of 5% series 2001E bonds due June 1, 2025.

The 1989A bonds will be redeemed at par. The 2001A, B and E bonds will be redeemed at 101. The redemption price for all four series of bonds includes accrued interest to the redemption date.

The board is based in Tallahassee, Fla.

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