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Published on 12/7/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Hawaii to repurchase $93.5 million of its G.O. bonds, series CV, CW

By Tali David

Minneapolis, Dec. 7 - State of Hawaii plans to redeem $93.495 million of its general obligation bonds of 2001, according to separate news releases.

The state will repurchase the following series CV bonds at par plus accrued interest on Jan. 6:

• $250,000 of its 4.8% notes due Aug. 1, 2016;

• $6.86 million of its 5.375% notes due Aug. 1, 2016;

• $7.495 million of its 5.125% notes due Aug. 1, 2017;

• $7.9 million of its 5.375% notes due Aug. 1, 2018;

• $845,000 of its 4.9% notes due Aug. 1, 2019;

• $7.485 million of its 5.375% notes due Aug. 1, 2019;

• $8.77 million of its 5% notes due Aug. 1, 2020;

• $5.59 million of its 5% notes due Aug. 1, 2021; and

• $7.255 million of its 5.25% notes due Aug. 1, 2021.

The state will repurchase the following series CW bonds at par plus accrued interest on Jan. 6:

• $10.635 million of its 5.375% notes due Aug. 1, 2013;

• $165,000 of its 4.6% notes due Aug. 1, 2014;

• $17.05 million of its 5.375% notes due Aug. 1, 2014;

• $720,000 of its 4.7% notes due Aug. 1, 2015; and

• $12.475 million of its 5.375% notes due Aug. 1, 2015.

The U.S. Bank NA is the escrow agent.


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