Oklahoma Development cancels call for redemption of revenue bonds

By Ashley Montgomery

Kansas City, Kan., April 19 - Oklahoma Development Finance Authority rescinded its call for optional redemption of series 2002, 2002B and 2003 revenue bonds, according to a notice.

The 2002 bonds were issued for the Conoco Project, and the 2003 bonds were issued for the ConocoPhillips Co. Project.

On April 6 the company announced its intention to redeem all of the outstanding bonds, totaling $84.5 million, on April 23 at par.

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