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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item
Published on 4/1/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Georgia Road and Tollway Authority calls $371.66 million revenue bonds

By Melissa Kory

Cleveland, March 31 - The State Road and Tollway Authority of Georgia said that it will redeem its $209.285 million of series 2001 governor's transportation choices initiative guaranteed revenue bonds and its $162.37 million of series 2003 guaranteed revenue bonds.

The series 2001 bonds to be redeemed on March 1, 2012 at par plus accrued interest include:

• $1.6 million of 5.25% bonds due March 1, 2012;

• $18.46 million of 5.375% bonds due March 1, 2013;

• $19.385 million of 5.375% bonds due March 1, 2014;

• $20.475 million of 5.375% bonds due March 1, 2015;

• $21.635 million of 5.375% bonds due March 1, 2016;

• $22.935 million of 5.375% bonds due March 1, 2017;

• $24.29 million of 5% bonds due March 1, 2018;

• $25.505 million of 5.125% bonds due March 1, 2019;

• $26.815 million of 5.125% bonds due March 1, 2020; and

• $28.185 million of 5% bonds due March 1, 2021.

The series 2003 bonds to be redeemed on Oct. 1, 2013 at par plus accrued interest include:

• $9.285 million of 5% bonds due Oct. 1, 2014;

• $15.96 million of 5% bonds due Oct. 1, 2015;

• $16.775 million of 5% bonds due Oct. 1, 2016;

• $17.635 million of 5% bonds due Oct. 1, 2017;

• $18.54 million of 5% bonds due Oct. 1, 2018;

• $19.49 million of 5% bonds due Oct. 1, 2019;

• $20.49 million of 5% bonds due Oct. 1, 2020;

• $21.545 million of 5% bonds due Oct. 1, 2021; and

• $22.65 million of 5% bonds due Oct. 1, 2022.

U.S. Bank, NA is the redemption agent.

Following the redemptions, $14.08 million of 5.25% series 2001 bonds due March 1, 2012 and $5.895 million of 5% series 2003 bonds due 2014 will be outstanding.


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