Maryland defeases $806.63 of million state and local facilities bonds

By Melissa Kory

Cleveland, July 26 - The State of Maryland said that it defeased $806.63 million of its state and local facilities loan bonds.

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

The bonds affected include:

• $37.715 million of 5% 2005 second series A bonds due Aug. 1, 2017, to be redeemed on Aug. 1, 2015;

• $24.385 million of 5% 2006 first series A bonds due March 1, 2018, to be redeemed on March 1, 2016;

• $33.405 million of 5% 2006 second series A bonds due Aug. 1, 2020, to be redeemed on Aug. 1, 2016;

• $31.975 million of 5% 2007 first series bonds due March 15, 2022, to be redeemed on March 15, 2017;

• $33.365 million of 4.3% 2008 first series bonds due March 1, 2019, to be redeemed on March 1, 2016;

• $6.315 million of 5% 2009 first series A bonds due March 1, 2019, to be redeemed on March 1, 2017;

• $2.76 million of 5% 2009 first series A bonds due March 1, 2020, to be redeemed on March 1, 2017;

• $2.33 million of 5% 2009 first series A bonds due March 1, 2021, to be redeemed on March 1, 2017;

• $10.47 million of 5% 2009 first series A bonds due March 1, 2022, to be redeemed on March 1, 2017;

• $17.64 million of 5% 2009 first series A bonds due March 1, 2023, to be redeemed on March 1, 2017;

• $43.74 million of 5% 2003 second series bonds due Aug. 1, 2015, to be redeemed on Aug. 1, 2013;

• $45.98 million of 5% 2003 second series bonds due Aug. 1, 2016, to be redeemed on Aug. 1, 2013;

• $48.34 million of 5% 2003 second series bonds due Aug. 1, 2017, to be redeemed on Aug. 1, 2013;

• $50.815 million of 5% 2003 second series bonds due Aug. 1, 2018, to be redeemed on Aug. 1, 2013;

• $35.13 million of 5% 2004 first series bonds due Aug. 1, 2016, to be redeemed on Aug. 1, 2014;

• $36.935 million of 5% 2004 first series bonds due Aug. 1, 2017, to be redeemed on Aug. 1, 2014;

• $38.825 million of 5% 2004 first series bonds due Aug. 1, 2018, to be redeemed on Aug. 1, 2014;

• $40.82 million of 5% 2004 first series bonds due Aug. 1, 2019, to be redeemed on Aug. 1, 2014;

• $30.655 million of 5% 2005 first series A bonds due Feb. 15, 2017, to be redeemed on Feb. 15, 2015;

• $32.185 million of 5% 2005 first series A bonds due Feb. 15, 2018, to be redeemed on Feb. 15, 2015;

• $33.795 million of 5% 2005 first series A bonds due Feb. 15, 2019, to be redeemed on Feb. 15, 2015;

• $41.68 million of 5% 2005 second series A bonds due Aug. 1, 2019, to be redeemed on Aug. 1, 2015;

• $31.965 million of 5% 2006 second series bonds due Aug. 1, 2019, to be redeemed on Aug. 1, 2016;

• $29.595 million of 5% 2007 first series bonds due March 15, 2020, to be redeemed on March 15, 2017;

• $30.775 million of 5% 2007 first series bonds due March 15, 2021, to be redeemed on March 15, 2017; and

• $35.035 million of 4.5% 2008 first series bonds due March 1, 2020, to be redeemed on March 1, 2016.

The bonds will be refunded with the proceeds from its $195.315 million of state and local facilities loan 2010 first series B tax-exempt general obligation refunding bonds and $602.765 million of state and local facilities loan 2009 third series C tax-exempt G.O. bonds.

Citibank, NA is the trustee.

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