Puerto Rico Industrial calls $50.41 million of Inter American bonds

By Tali David

Minneapolis, Aug. 7 - Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Pollution Control Facilities Financing Authority defeased and called $50,405,000 of its Inter American University of Puerto Rico Project 1998 series A higher education revenue bonds, according to a notice.

The following bonds will be redeemed at par plus accrued interest to the redemption date:

• $3,975,000 of 5.375% bonds due Oct. 1, 2013, to be redeemed on Oct. 1;

• $4.19 million of 5.5% bonds due Oct. 1, 2014, to be redeemed on Oct. 1;

• $4.42 million of 5% bonds due Oct. 1, 2015, to be redeemed on Sept. 6;

• $14,645,000 of 5% bonds due Oct. 1, 2018, to be redeemed on Sept. 6; and

• $23,175,000 of 5% bonds due Oct. 1, 2022, to be redeemed on Sept. 6.

Banco Popular de Puerto Rico is the trustee.

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