Georgia State Road defeases, calls $209.29 million revenue bonds

By Melissa Kory

Cleveland, May 23 - The Georgia State Road and Tollway Authority said it defeased $209.285 million of its series 2001 Governor's Transportation Choices initiative guaranteed revenue bonds on March 31.

The bonds will be redeemed on March 1, 2012 at par plus accrued interest to the redemption date.

The bonds affected include:

• $1.6 million of its $15.68 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.

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

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