Beaver Valley II, CTC Beaver Valley call lease obligation bonds

By Tali David

Minneapolis, April 16 - Beaver Valley II Funding Corp. and CTC Beaver Valley Funding Corp. plan to partially redeem their secured lease obligation bonds due June 1, 2017, according to separate news releases.

Beaver Valley II will redeem $48.19 million of its 9% bonds at par plus accrued interest. Following the June 1 transaction, $84,419,000 will remain.

CTC Beaver Valley will redeem $59,000 of its 12% bonds at par plus accrued interest. Following the June 1 transaction, $781,000 will remain.

Beaver Valley is a Boston-based company.

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