Texas Public Finance to redeem $402.4 million of unemployment bonds

By Wendy Van Sickle

Columbus, Ohio, Dec. 11 – The Texas Public Finance Authority called $402.4 million of unemployment compensation obligation assessment revenue refunding bonds, series 2010A and 2014B, according to two notices.

The bonds will be redeemed Jan. 1 at par plus accrued interest.

The $57.13 million of 4% 2014B bonds are due July 1, 2018.

The affected series 2010A bonds include:

• $143.2 million of 5% bonds due July 1, 2016;

• $1,735,000 of 4% bonds due Jan. 1, 2017;

• $49.47 million of 5% bonds due Jan. 1, 2017; and

• $150,865,000 of 4% bonds due July 1, 2017.

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