Mount Clemens, Mich., school district calls $52.7 million G.O. bonds

By Marisa Wong

Madison, Wis., Sept. 30 - Mount Clemens Community School District, Mich., said it will redeem all $52.7 million of its outstanding 2001 building and site general obligation unlimited tax bonds on Nov. 1.

The bonds will be redeemed at par.

The called bonds include the following:

• $2.225 million of 5.5% bonds due May 1, 2012;

• $2.35 million of 5.5% bonds due May 1, 2013;

• $2.475 million of 5.5% bonds due May 1, 2014;

• $2.625 million of 5.5% bonds due May 1, 2015;

• $2.65 million of 5.5% bonds due May 1, 2016;

• $2.65 million of 5.5% bonds due May 1, 2017;

• $2.65 million of 5.5% bonds due May 1, 2018;

• $10.775 million of 5% bonds due May 1, 2022;

• $10.8 million of 5% bonds due May 1, 2026; and

• $13.5 million of 5% bonds due May 1, 2031.

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