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Published on 6/14/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Mississippi Development Bank calls $31.35 million MGAM Project bonds

By Melissa Kory

Cleveland, June 14 - The Mississippi Development Bank said it will redeem its $31.345 million of Municipal Gas Authority of Mississippi Natural Gas Supply Project variable-rate series 2005 special obligation bonds due July 1, 2015.

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

Wells Fargo Bank, NA is the redemption agent.

The bank, based in Jackson, Miss., provides funding for local governments.


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