Michigan Tobacco Settlement Finance calls portion of its 2007A bonds

By Tali David

Minneapolis, May 16 - Michigan Tobacco Settlement Finance Authority plans to redeem $1,155,000 of its series 2007A tobacco settlement asset-backed senior current interest bonds, according to a redemption notice.

The following bonds will be redeemed at par plus accrued interest on June 1:

• $855,000 of 5.125% bonds due June 1, 2022. Following the transaction, $55,715,000 will remain outstanding; and

• $300,000 of 5.25% bonds due June 1, 2022. Following the transaction, $19.48 million will remain outstanding.

The Bank of New York Mellon Trust Co., NA is the trustee.

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