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South Carolina calls $149.97 million state school facilities G.O.s
By Melissa Kory
Cleveland, Feb. 1 - The State of South Carolina announced that it will redeem $45.19 million of its $250 million of series 2000A and $104.78 million of its $250 million of series 2001A state school facilities general obligation bonds.
The 2000A bonds will be redeemed on March 2 at par, plus accrued interest to the redemption date. The 2001A bonds will be redeemed on March 2 at 101% plus accrued interest.
The redemption includes:
• $21.99 million of 4.5% series 2000A bonds due Jan. 1, 2014;
• $23.2 million of 4.25% series 2000A bonds due Jan. 1, 2015;
• $18,965,000 of 5% series 2001A bonds due Jan. 1, 2012;
• $19.89 million of 4.375% series 2001A bonds due Jan. 1, 2013;
• $20.89 million of 3.5% series 2001A bonds due Jan. 1, 2014;
• $21.95 million of 3.5% series 2001A bonds due Jan. 1, 2015; and
• $23,085,000 of 3.5% series 2001A bonds due Jan. 1, 2016.
Bank of New York Mellon is the redemption agent.
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