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Published on 12/20/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Puerto Rico Government Development Bank calls $204.82 million of notes

By Tali David

Minneapolis, Dec. 20 - Government Development Bank for Puerto Rico called $204,824,000 of its 2009 series C and series D senior notes, according to a press release.

The following bonds will be redeemed at par plus accrued interest on Feb. 1:

• $36,093,000 of its 5.05% series C notes due Feb. 1, 2020;

• $64,807,000 of its 5.1% series D notes due Feb. 1, 2015;

• $22,766,000 of its 5.85% series D notes due Feb. 1, 2020; and

• $81,158,000 of its 6% series D notes due Feb. 1, 2022.

Banco Popular de Puerto Rico is the trustee.


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