Puerto Rico Public Finance to redeem $78.26 million of bonds Jan. 12

By Tali David

Minneapolis, Dec. 13 - Puerto Rico Public Finance Corp. called $78,262,006.06 of its bonds to be redeemed on Jan. 12, according to a release.

The company will redeem the following bonds:

• $34,005,000 of its 6% 1999 series A term bonds due Aug. 1, 2016 at par plus accrued interest;

• $10,889,228.04 of its 6.1% 1999 series A capital appreciation bonds due Aug. 1, 2016 at par;

• $17,097,511.98 of its 4.75% 2003 series C capital appreciation bonds due Aug. 1, 2013 at 102; and

• $16,270,266.04 of its 4.9% 2003 series C capital appreciation bonds due Aug. 1, 2014 at 102.

Banco Popular de Puerto Rico is the trustee.

Puerto Rico Public Finance is a subsidiary of the Government Development Bank for Puerto Rico. The San Juan, Puerto Rico-based corporation helps agencies in the commonwealth meet their financing requirements.

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