Arizona Transportation calls three series of highway revenue bonds

By Ashley Montgomery

Kansas City, Kan., June 4 - The Arizona Transportation Board announced the redemption of all of its series 2002A and 2002B highway revenue refunding bonds and all of its series 2002B highway revenue bonds.

Both series of 2002B bonds will be redeemed at par, while the 2002A bonds will be redeemed at 102. All of the bonds will be redeemed July 1.

The following 2002A bonds are affected:

• $8 million 5.25% bonds due July 1, 2013;

• $8.42 million 5.25% bonds due July 1, 2014;

• $8.86 million 5.25% bonds due July 1, 2015;

• $9,325,000 5.25% bonds due July 1, 2016;

• $9,815,000 5.25% bonds due July 1, 2017;

• $10.33 million 5.25% bonds due July 1, 2018; and

• $10,875,000 5.25% bonds due July 1, 2019.

The following 2002B revenue bonds are affected:

• $10,745,000 5.25% bonds due July 1, 2013;

• $11.31 million 5.25% bonds due July 1, 2014;

• $11,905,000 5.25% bonds due July 1, 2015;

• $12.53 million 5.25% bonds due July 1, 2016;

• $13.19 million 5.25% bonds due July 1, 2017;

• $13.88 million 5.25% bonds due July 1, 2018; and

• $14.61 million 5.25% bonds due July 1, 2019.

The following 2002B revenue refunding bonds are affected:

• $15,375,000 5.25% bonds due July 1, 2020;

• $16,185,000 5.25% bonds due July 1, 2021; and

• $17,035,000 5.25% bonds due July 1, 2022.

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

The board issues revenue bonds to finance transportation improvements throughout Arizona.

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