Puerto Rico Sales Tax Financing calls $700 million series 2009A bonds

By Marisa Wong

Madison, Wis., July 1 - Puerto Rico Sales Tax Financing Corp. gave notice that it will redeem its $700 million of series 2009A mandatory tender bonds on Aug. 1.

The 5% bonds due Aug. 1, 2039 will be redeemed at par plus accrued interest to the redemption date.

The Bank of New York Mellon is the trustee and agent.

The San Juan, Puerto Rico, corporation is responsible for financing the payment, retirement or defeasance of some of the commonwealth's outstanding debt.

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