Port of Seattle calls all series 2001 A, B, and C revenue bonds at par

By Ashley Montgomery

Kansas City, Kan., Feb. 13 - Port of Seattle said it would redeem all of its outstanding series 2001A, B and C revenue bonds on March 14.

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

The issuer will redeem $176,105,000 of 5% 2001A bonds due March 1, 2031, along with the following 2001B bonds:

• $11.35 million of 5.625% bonds due March 1, 2013;

• $12.01 million of 5.625% bonds due March 1, 2014;

• $12,705,000 of 5.625% bonds due March 1, 2015;

• $13.44 million of 5.625% bonds due March 1, 2016;

• $14,215,000 of 5.625% bonds due March 1, 2017;

• $15.04 million of 5.625% bonds due March 1, 2018; and

• $108,505,000 of 5.1% bonds due March 1, 2024.

The following 2001C bonds are also affected:

• $3,855,000 of 5.5% bonds due Dec. 1, 2012;

• $4.06 million of 5.625% bonds due Dec. 1, 2013; and

• $4.29 million of 5.625% bonds due Dec 1, 2014.

Bank of New York Mellon is the trustee.

Port of Seattle is a port district that operates Seattle's harbor facilities and the Seattle-Tacoma International Airport.

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