Educational Funding of the South calls some 2004-2A taxable loan bonds

By Marisa Wong

Madison, Wis., Feb. 17 - Educational Funding of the South, Inc. (Edsouth) said it will redeem $13 million of its $451 million of outstanding taxable, Libor-indexed educational loan revenue bonds, senior series 2004-2 A, on March 1.

The variable-rate bonds, which are due Dec. 1, 2019, will be redeemed at par plus accrued interest to the redemption date.

Edsouth is a Knoxville, Tenn.-based a nonprofit corporation that promotes access to higher education by acquiring postsecondary education loans.

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