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Published on 10/31/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Dallas Area Rapid Transit calls all $83.96 million series 2002 bonds

By Tali David

Minneapolis, Oct. 31 - Dallas Texas Area Rapid Transit called $83,955,000 of its series 2002 senior-lien sales tax revenue bonds in full, according to a redemption notice.

The following bonds will be redeemed at par plus the applicable premium on Dec. 1:

• $2.48 million of 4% bonds due Dec. 1, 2013;

• $2,595,000 of 5% bonds due Dec. 1, 2014;

• $2,735,000 of 5.375% bonds due Dec. 1, 2015;

• $2,885,000 of 5.375% bonds due Dec. 1, 2016;

• $3,045,000 of 5.375% bonds due Dec. 1, 2017;

• $3,215,000 of 5.375% bonds due Dec. 1, 2018;

• $3.39 million of 5.375% bonds due Dec. 1, 2019;

• $3.57 million of 4.8% bonds due Dec. 1, 2020;

• $3,745,000 of 4.9% bonds due Dec. 1, 2021;

• $3,935,000 of 5% bonds due Dec. 1, 2022;

• $4.35 million of 5% bonds due Dec. 1, 2024;

• $4.14 million of 5% bonds due Dec. 1, 2024;

• $14,435,000 of 5% bonds due Dec. 1, 2027; and

• $29,435,000 of 5% bonds due Dec. 1, 2031.

Zions First National Bank is the paying agent.


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