Louisiana Public Facilities calls $440.1 million student loan bonds

By Marisa Wong

Madison, Wis., April 27 - Louisiana Public Facilities Authority said it will redeem in full its outstanding variable-rate student loan revenue bonds, series 1999 A-3, 2002 A-1, 2003 A-1, 2004 A-1 and A-2, 2005 A-2 and 2006 A-1 and A-2.

The bonds will be redeemed at par plus accrued interest to the redemption date.

Affected are the following bonds:

• $53.5 million of 2006 A-1 bonds due Dec. 1, 2036, to be redeemed on May 3;

• $25 million of 1999 A-3 bonds due Sept. 1, 2020, to be redeemed on May 4;

• $36 million of 1999 A-3 bonds due Sept. 1, 2021, to be redeemed on May 4;

• $43.5 million of 1999 A-3 bonds due Sept. 1, 2022, to be redeemed on May 4;

• $46.65 million of 2004 A-2 bonds due Dec. 1, 2034, to be redeemed on May 6;

• $48.25 million of 2005 A-2 bonds due Aug. 1, 2035, to be redeemed on May 6;

• $56.5 million of 2006 A-2 bonds due Dec. 1, 2036, to be redeemed on May 10;

• $67.1 million of 2003A-1 bonds due March 1, 2033, to be redeemed on May 17;

• $45 million of 2002 A-1 bonds due Feb. 1, 2032, to be redeemed on May 18; and

• $18.6 million of 2004 A-1 bonds due Dec. 1, 2033, to be redeemed on May 20.

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