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Published on 6/1/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Puerto Rico Highways and Transportation Authority calls revenue bonds

By Ashley Montgomery

Kansas City, Kan., June 1 - The Puerto Rico Highways and Transportation Authority announced the redemption of three series of its bonds, according to a news release.

The bonds will be redeemed July 1 at par.

The following series D transportation revenue and revenue refunding bonds are affected:

• $142,665,000 of 5.375% bonds due July 1, 2036;

• $129.89 million of 5.25% bonds due July 1, 2038; and

• $146.99 million of 5.75% bonds due July 1, 2041.

The following series 1993 W transportation revenue bonds are affected:

• $29.83 million of 5.5% bonds due July 1, 2013.

The following series 2002 D transportation revenue bonds are affected:

• $48.75 million of 5% bonds due July 1, 2027; and

• $80.28 million of 5% bonds due July 1, 2032.

Bank of New York Mellon is the agent.


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