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Minnesota defeases series 2009 certificates, sets redemption for 2016
By Ashley Montgomery
Kansas City, Kan., Dec. 19 - The State of Minnesota defeased $11,495,000 of its series 2009 certificates of participation, according to a notice.
The following bonds are affected:
• $1.72 million of 4% bonds due June 1, 2014;
• $1.79 million of 4% bonds due June 1, 2015;
• $1.86 million of 4.5% bonds due June 1, 2016;
• $1,945,000 of 5% bonds due June 1, 2017;
• $2.04 million of 5% bonds due June 1, 2018; and
• $2.14 million of 5% bonds due June 1, 2019.
The defeased certificates will be redeemed on June 1, 2016 at par plus accrued interest to the redemption date.
U.S. Bank, NA is the escrow agent.
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