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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item
Published on 5/3/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Pennsylvania Turnpike defeases $70.55 million 5%, 5.125% revenue bonds

By Melissa Kory

Cleveland, May 3 - The Pennsylvania Turnpike Commission said that it defeased $70.545 million of its series 2001R turnpike revenue bonds.

The defeased bonds include:

• $16.355 million of 5% bonds due Dec. 1, 2020;

• $9.995 million of 5% bonds due Dec. 1, 2021;

• $25.225 million of 5.125% bonds due Dec. 1, 2022; and

• $18.97 million of 5% bonds due Dec. 1, 2023.

U.S. Bank, NA is the trustee.


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