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Published on 7/6/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Clarksville, Tenn., calls some Tennessee Municipal Bond Fund bonds

By Marisa Wong

Madison, Wis., July 6 - The Public Building Authority of the City of Clarksville, Tenn., gave notice that it will redeem portions of its adjustable-rate Tennessee Municipal Bond Fund pooled financing revenue bonds, series 2004, 2005 and 2008, on Aug. 5.

The affected bonds include:

• $935,000 of $45.885 million of outstanding 2004 bonds due July 1, 2034;

• $985,000 of $90.385 million of outstanding 2005 bonds due Nov. 1, 2035; and

• $1.365 million of $171.695 million of outstanding 2008 bonds due Feb. 1, 2038.

The redemption price will be par plus accrued interest to the redemption date.

The Bank of New York Mellon Trust Co., NA is the trustee.

Based in Nashville, the Tennessee Municipal Bond Fund creates and administers various types of loan programs for the benefit of cities and counties in Tennessee.


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