North Texas Tollway Authority to redeem $269.64 million bonds in 2012

By Ashley Montgomery

Kansas City, Kan., Dec. 2 - The North Texas Tollway Authority said it would redeem $269.635 million of its revenue refunding bonds.

To be redeemed at par on Jan. 1 is $175 million of subseries 2008E-2 5.25% first tier revenue refunding bonds due Jan. 1, 2038.

The following bonds will be redeemed on Jan. 9 at par plus accrued interest to the redemption date:

• All $22.065 million of 4.75% series 1998 Dallas North Tollway System revenue bonds due Jan. 1, 2022;

• $29.225 million of $56.08 million 4.75% series 1998 Dallas North Tollway System revenue bonds due Jan. 1, 2029;

• All $38.68 million of 5% series 1997A Dallas North Tollway System revenue refunding bonds due Jan. 1, 2020; and

• All $4.665 million of 5% series 1997A Dallas North Tollway System revenue refunding bonds due Jan. 1, 2023.

Wells Fargo Bank, NA is the trustee.

The Plano, Texas-based authority is a subdivision of the state of Texas responsible for acquiring, constructing, maintaining, repairing and operating turnpike projects, as well as for raising capital for construction projects.

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