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

Minneapolis-St. Paul Metropolitan Airports to redeem series 15 bonds

By Ashley Montgomery

Kansas City, Kan., Dec. 7 - The Minneapolis-St. Paul Metropolitan Airports Commission said it will redeem $202.205 million of its series 15 taxable general obligation revenue refunding bonds.

The bonds will be redeemed at 103 plus accrued interest to Jan. 1, the redemption date.

To be redeemed are the following bonds:

• $13.32 million of 6.15% bonds due Jan. 1, 2013;

• $14.52 million of 6.25% bonds due Jan. 1, 2014;

• $15.83 million of 6.35% bonds due Jan. 1, 2015;

• $18.185 million of 6.45% bonds due Jan. 1, 2016;

• $19.77 million of 6.55% bonds due Jan. 1, 2017; and

• $120.58 million of 6.85% bonds due Jan. 1, 2022.

Wells Fargo Bank, NA is the trustee.


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