Michigan building authority calls $137.52 million 2001I, II bonds

By Marisa Wong

Madison, Wis., Sept. 15 - State of Michigan State Building Authority said it will redeem its $137.52 million of outstanding 2001 series I and II facilities program revenue bonds in full on Oct. 15.

The affected bonds include the following series I bonds:

• $8.395 million of 5.5% bonds due Oct. 15, 2012;

• $8.86 million of 5.5% bonds due Oct. 15, 2013;

• $9.345 million of 5.5% bonds due Oct. 15, 2014;

• $9.86 million of 5.25% bonds due Oct. 15, 2015;

• $10.375 million of 5.125% bonds due Oct. 15, 2016; and

• $4.645 million of 5% bonds due Oct. 15, 2017.

The redemption includes the following series II bonds:

• $10.44 million of 5.5% bonds due Oct. 15, 2012;

• $11.01 million of 5.5% bonds due Oct. 15, 2013;

• $11.62 million of 5.5% bonds due Oct. 15, 2014;

• $12.255 million of 5.5% bonds due Oct. 15, 2015;

• $12.93 million of 5.5% bonds due Oct. 15, 2016;

• $13.64 million of 5.5% bonds due Oct. 15, 2017; and

• $14.145 million of 5.5% bonds due Oct. 15, 2018.

The bonds will be redeemed at par.

The Lansing, Mich.-based authority is responsible for acquiring, constructing, equipping and renovating public buildings for the state.

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