Texas authority defeases $857.15 million Central Texas Turnpike bonds

By Ashley Montgomery

Kansas City, Kan., Nov. 27 - Texas Transportation Commission has defeased and plans to redeem a portion of Central Texas Turnpike System first-tier bonds, according to a notice.

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

The following 2002-A revenue bonds will be redeemed on Dec. 31:

• $134.6 million of 5.75% bonds due Aug. 15, 2038;

• $146,525,000 of 5.5% bonds due Aug. 15, 2039;

• $416,365,000 of 5% bonds due Aug. 15, 2041; and

• $10,385,000 of 5.25% bonds due Aug. 15, 2042.

The following series 2009 revenue refunding bonds will be redeemed on Feb. 15, 2013:

• $149,275,000 of 2.75% bonds due Aug. 15, 2042.

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

The company original issued $1,149,993,781.80 of series 2002-A bonds.

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