Panhandle-Plains authority, Texas, cancels 19 student loan bond calls

By Marisa Wong

Madison, Wis., Aug. 8 - Panhandle Plains Higher Education Authority, Inc. rescinded the previously announced redemptions of 19 series of its student loan revenue bonds.

Specifically, notices of redemption for the following bonds were rescinded:

• $48.4 million of series 2003 A-1 bonds due June 1, 2035, originally to be redeemed Aug. 26;

• $62.8 million of series 2003 A-2 bonds due June 1, 2035, originally to be redeemed Aug. 31;

• $32.8 million of series 2003 A-3 bonds due Jan. 1, 2038, originally to be redeemed Sept. 1;

• $10 million of series 2003 B-1 bonds due June 1, 2035, originally to be redeemed Aug. 31;

• $58.9 million of series 2004 A-1 bonds due June 1, 2036, originally to be redeemed Aug. 18;

• $1.3 million of series 2004 A-2 bonds due June 1, 2036, originally to be redeemed Aug. 18;

• $26.3 million of series 2004 A-3 bonds due June 1, 2039, originally to be redeemed Sept. 7;

• $37 million of series 2004 A-4 bonds due June 1, 2039, originally to be redeemed Sept. 9;

• $14.8 million of series 2005 A-1 bonds due Jan. 1, 2040, originally to be redeemed Aug. 10;

• $52.3 million of series 2005 A-2 bonds due June 1, 2040, originally to be redeemed Aug. 11;

• $34 million of series 2005 A-4 bonds due Dec. 1, 2040, originally to be redeemed Aug. 18;

• $27 million of series 2005 A-5 bonds due Dec. 1, 2040, originally to be redeemed Aug. 10;

• $36.15 million of series 2006 A-1 bonds due Dec. 1, 2040, originally to be redeemed Aug. 31;

• $38.225 million of series 2007 A-2 bonds due Dec. 1, 2056, originally to be redeemed Sept. 6;

• $28.825 million of series 2007 A-3 bonds due Aug. 1, 2057, originally to be redeemed Aug. 12;

• $25.1 million of series 2007 A-4 bonds due Aug. 1, 2057, originally to be redeemed Aug. 11;

• $10.125 million of series 2007 A-5 bonds due Aug. 1, 2057, originally to be redeemed Aug. 12;

• $25.9 million of series 2007 A-6 bonds due Aug. 1, 2057, originally to be redeemed Aug. 10; and

• $34.425 million of series 2007 A-7 bonds due Aug. 1, 2057, originally to be redeemed Aug. 10.

Wells Fargo Bank, NA was the agent.

The authority, based in Canyon, Texas, provides loans for college students in the Panhandle and South Plains regions of Texas.

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