Florida to redeem $200.93 million Department of Transportation bonds

By Melissa Kory

Cleveland, July 14 - The State of Florida said it intends to defease and redeem its $200.925 million of series 2003C Department of Transportation turnpike revenue bonds due on July 1 from 2014 through 2021.

It is anticipated that the bonds will be redeemed on July 1, 2013 at a price equal to the principal amount plus accrued interest and a redemption premium of 1% of the principal amount.

U.S. Bank Trust, NA is the trustee.

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