University of Massachusetts authority to redeem 2008-3, 4 bonds Aug. 4

By Marisa Wong

Madison, Wis., June 8 - University of Massachusetts Building Authority has released new notices of redemption for its senior series 2008-3 and 2008-4 weekly rate refunding revenue bonds. The bonds will now be redeemed on Aug. 4.

The authority announced on May 9 that it planned to redeem the bonds on June 9, but that bond call was recently rescinded.

To be redeemed on the new redemption date are $135.04 million of 2008-3 bonds due Nov. 1, 2034 and $101.7 million of 2008-4 bonds due Nov. 1, 2034.

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

U.S. Bank NA is the trustee.

The Boston-based authority builds facilities on the University of Massachusetts campuses financed from student fees.

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