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Published on 12/1/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Wayne County, Mich., calls $156.51 million of Detroit airport bonds

By Ashley Montgomery

Kansas City, Kan., Dec. 1 - The Wayne County Airport Authority of Michigan said it would redeem $156.505 million of its outstanding Detroit Metropolitan Wayne County Airport, series 1998A, revenue bonds.

The bonds will be redeemed at par plus accrued interest to Dec. 30, the redemption date.

The following bonds will be redeemed in full:

• $36.24 million of 5% bonds due Dec. 1, 2019; and

• $120.265 million of 5% bonds due Dec. 1, 2022.

U.S. Bank NA is the trustee.


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