Educational Funding of the South calls $835.48 million student bonds

By Tali David

Minneapolis, June 13 - Educational Funding of the South, Inc. said it will redeem $835,475,000 of its student loan asset-backed bonds, according to a redemption notice

The bonds following will be redeemed at par plus accrued interest on June 22:

• $45.6 million of 2004-1 A-1 bonds due Dec. 1, 2039;

• $26.4 million of 2004-1 A-2 bonds due Dec. 1, 2039;

• $42.6 million of 2004-1 A-3 bonds due Dec. 1, 2039;

• $9.9 million of 2004-1 B-2 bonds due Dec. 1, 2039;

• $374 million of 2004-2 bonds due Dec. 1, 2019;

• $35,725,000 of 2005 A-1 bonds due Dec. 1, 2040;

• $28.45 million of 2005 A-2 bonds due Dec. 1, 2040;

• $52,675,000 of 2005 A-3 bonds due Dec. 1, 2040;

• $16,925,000 of 2007-2 A-2 bonds due Dec. 1, 2042;

• $67 million of 2007-2 A-4 bonds due Dec. 1, 2042;

• $26.55 million of 2007-2 A-5 bonds due Dec. 1, 2017;

• $3.05 million of 2007-2 A-6 bonds due Dec. 1, 2017; and

• $17.5 million of 2007-2 A-7 bonds due Dec. 1, 2023.

Wells Fargo Bank, NA is the trustee.

Edsouth is a Knoxville, Tenn.-based a nonprofit corporation that promotes access to higher education by acquiring postsecondary education loans.

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