Houston Airport System calls $310.51 million of 2002A, B revenue bonds

By Tali David

Minneapolis, June 11 - The City of Houston Airport System called $149.39 million of 2002A and $161.12 million of 2002B subordinate-lien revenue bonds, according to two redemption notices.

The following 2002A bonds will be redeemed at par plus accrued interest on July 1:

• $1,825,000 of 5.625% bonds due July 1, 2018;

• $4.81 million of 5.625% bonds due July 1, 2019;

• $5,065,000 of 5.625% bonds due July 1, 2020;

• $5.35 million of 5.625% bonds due July 1, 2021;

• $5.28 million of 5% bonds due July 1, 2022; and

• $127.06 million of 5.125% bonds due July 1, 2032.

The following 2002B bonds will be redeemed at par plus accrued interest on July 1:

• $5.38 million of 5% bonds due July 1, 2021;

• $5,285,000 of 5% bonds due July 1, 2022;

• $30.67 million of 5% bonds due July 1, 2027; and

• $119,785,000 of 5% bonds due July 1, 2032.

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

The Houston-based airport system is comprised of the George Bush Intercontinental Airport, William P. Hobby Airport and Ellington Field.

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