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Published on 8/24/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Metropolitan Washington Airports calls portions of revenue bonds

By Marisa Wong

Madison, Wis., Aug. 24 - Metropolitan Washington Airports Authority gave notice that it will redeem portions of its series 2003D-1, 2004A, 2004C-2, 2009A-1, 2009D-1, 2009D-2, 2010C-1 (AMT), 2010C-2 (non-AMT) and 2010D airport system revenue bonds on Oct. 1.

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

The following bonds are affected:

• $1.525 million of 2003D-1 variable-rate bonds due Oct. 1, 2033;

• $10,000 of 2004A 3.75% bonds due Oct. 1, 2014;

• $105,000 of 2004C-2 5% bonds due Oct. 1, 2022;

• $1.32 million of 2009A-1 variable-rate bonds due Oct. 1, 2039;

• $1 million of 2009D-1 variable-rate bonds due Oct. 1, 2039;

• $1.21 million of 2009D-2 variable-rate bonds due Oct. 1, 2039;

• $2.1 million of 2010C-1 (AMT) variable-rate bonds due Oct. 1, 2033;

• $2.205 million of 2010C-2 (non-AMT) variable-rate bonds due Oct. 1, 2033; and

• $2.61 million of 2010D variable-rate bonds due Oct. 1, 2040.

Manufacturers & Traders Trust Co. is the trustee.

The Washington, D.C., authority operates a two-airport system that includes Dulles International and Reagan National Airport.


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